Genel Energy to Pay $26.9m in Arbitration Costs to KRG
By John Lee. Genel Energy plc has announced that its subsidiary, Genel Energy Miran Bina Bawi Limited (GEMBBL), has been ordered by the London Court of International Arbitration (LCIA) to pay the Kurdistan Regional Government (KRG) a total of $26.87 million in recoverable costs. The ruling follows a claim brought by the KRG in December […]
100% Iraqi-Owned Company to manage Development Road Project
By John Lee. The Prime Minister's Advisor for Transportation Affairs has announced that the Development Road Project will be managed by a new 100% Iraqi-owned company, reporting directly to the Prime Minister. Speaking to the state-run Iraqi News Agency (INA), Nasser Al-Asadi explained that during a recent meeting of the Higher Committee for the Development […]
Iraq Allocates First Industrial City Plots in Anbar, Dhi Qar
By John Lee. The Minister of Industry and Minerals, Professor Eng. Khaled Battal Al-Najm, has chaired the first 2025 Board of Directors meeting for the Industrial Cities Authority, reviewing major industrial development plans. Key Developments: The Minister handed over the first batch of industrial city plot contracts in Anbar and Dhi Qar to investors following […]
Visit by US Delegation "chance to Deepen Ties with Baghdad"
By Farhad Alaaldin for The National. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. A visit by a US delegation to Iraq next week is a chance to deepen ties with Baghdad With the accelerating pace of Iraq's economic revival and comprehensive development […]
Iran, Iraq trade Accusations as US forces stop 'Iranian Tankers'
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iran, Iraq trade accusations as US naval forces stop 'Iranian tankers' In a rare intervention, Iraq's oil minister has accused Iran of using forged Iraqi documentation for tankers intercepted by US forces. Tehran […]
Can Iraq's Gas Projects Survive Trump's Iran Crackdown?
By Simon Watkins for OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Can Iraq's Gas Projects Survive Trump's Iran Crackdown? With US waivers on Iranian energy imports revoked, Iraq is under pressure to rapidly develop its own non-associated gas fields.. Click here to […]
Iraq "Should Consider Extending UNAMI's Mission"
By Ali Al-Mawlawi, for The Wilson Center. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq Should Consider Extending UNAMI's Mission UNAMI is set to conclude its 22-year mandate at the end of this year. However, this decision was made before Israel's escalation with […]
Iraq Increases Tree-Planting Target to 500,000
By John Lee. Iraq's Ministry of Water Resources has announced that, as part of Prime Minister Mohammed Shia Al-Sudani's initiative to plant five million trees across Iraq, the Ministry has so far planted 54,000 seedlings at 102 sites in Baghdad and the provinces (excluding the Kurdistan Region). Mohammed Awad Kazem, Head of the Afforestation and […]
Kadhimi 'Eyes Political Party' amid Shifting Sands in Iraq
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Inside story: Kadhimi 'eyes political party' amid shifting sands in Iraq Former prime minister Mustafa Al-Kadhimi's recent return to Iraq, after more than two years of self-imposed exile, has reignited speculation about his […]
Tigris at Risk: Pollution Threatens Iraq's Lifeline, Public Health
From Kurdistan24. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Tigris River at Risk: Pollution Threatens Iraq's Lifeline, Public Health The visual transformation of the river is already apparent. Once known for its shimmering blue waters, the Tigris has taken on a murky hue, […]
Landmines cast a Long Shadow over Iraq
From the International Committee of the Red Cross (ICRC). Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Landmines and explosive remnants cast a long shadow over Iraq amid recovery efforts Landmines and explosive remnants of war (ERW) contaminate an estimated 2,100 km² of […]
Trump Hits Iraq with New Tariffs
By John Lee. The United States will apply an additional duty rate of 39 percent to imports from Iraq, as part of President Trump's wide-ranging new tariff regime announced on Wednesday. The new rate, which comes into effect on Saturday, 5th April, does not apply to imports of oil, gas and refined products, according to […]