Jordan starts Supplying Iraq with Electricity
By John Lee. Ziad Ali Fadel, Iraq's Minister of Electricity, arrived at the Iraqi-Jordanian border on Saturday morning to inaugurate the first phase of the Iraqi-Jordanian electrical interconnection project. This interconnection will provide between 40 to 50 megawatts of power to benefit the Rawa district, which has been deprived of electricity for over 10 years […]
Increase in Cash Ratio for Iraqi Banking Sector
By John Lee. The Central Bank of Iraq (CBI) has announced that the cash credit ratio to total deposits in the Iraqi banking sector reached 52 percent in 2023, marking an increase from 47 percent in 2022; it was approximately 55 percent in 2021. Despite the rise, the Central Bank noted that the ratio did […]
Iraq Signs MoU with Siemens and Schlumberger on Gas Flaring
By John Lee. Iraq has signed a memorandum of understanding (MoU) with Siemens Energy and Schlumberger (SLB) to invest in and cease flaring associated gas from oil fields. This effort aims to convert the gas into productive energy to supply power stations and the national grid. During the signing ceremony, Mr. Hayan Abdul Ghani, the […]
"Significantly Increased Revenues" at Min of Transport Businesses
By John Lee. Iraq's Ministry of Transport has announced what it described as "significantly increased revenues" for three of its wholly-owned businesss in 2023, compared to the previous year: The General Company for Maritime Transport: The company recorded profits 45.7 billion dinars [$34.9 million] in 2023, up from 37.4 billion dinars in 2022; The General […]
"Dramatic Decline" in TB in Iraq
From the World Health Organization (WHO): Today [24th March, 2024], Iraq celebrates its remarkable success in tuberculosis (TB) control, which reflects the transformative impact of international collaboration and innovation. Iraq has made significant steps in the fight against TB through its partnerships with the National TB Program (NTP), WHO, International Organization for Migration, Iraqi Anti-TB […]
Jiyad: Iraqi Oil Ministry Abandons Transparency, Reneges on Obligations
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Iraqi Ministry of Oil Abandons Transparency, Denies Iraqis their Constitutional Rights and Reneges on International Obligations Both the Ministry of Oil and the State Oil Marketing Organization (SOMO) recently published data […]
Iraq-Saudi Engagement weathers Tumultuous Regional Climate
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq-Saudi engagement weathers tumultuous regional climate Amid growing regional tensions, Iraq has sought to strengthen relations with Saudi Arabia and advance its nascent economic ties with the Kingdom. The full article can be […]
Pollution Clogs Iraq's Twin Rivers
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Garbage, pollution clog Iraq's twin lifeline rivers Iraq's two major rivers, the Tigris and Euphrates, are becoming increasingly polluted with domestic, industrial, and agricultural waste, threatening the country's key lifeline waterways that are a […]
Questions Arise as China Builds Thousands of Schools in Iraq
By Namo Abdulla, for VOA News. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Questions Arise as China Constructs Thousands of Schools in Iraq It's been more than five years since Iraq declared victory over the Islamic State terror group, yet much of Iraq […]
Why America Is Still Failing in Iraq
By Renad Mansour, for Foreign Affairs. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Why America Is Still Failing in Iraq U.S. military force and sanctions can't fix the country's broken politics. Click here to read the full article.
Baghdad to Buy Gas from Khor Mor?
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq seeks to buy Khor Mor gas for electricity The Iraqi electricity ministry is seeking to purchase gas from Sulaimani's Khor Mor gas field to cover its needs and avoid power shortages in the […]
Iraq considers Ban on 'Pornographic' TikTok
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. After surge in users, Iraq considers ban 'pornographic' TikTok The Iraqi government has sparked controversy by considering a ban on the popular social media platform TikTok. This comes on the back of a […]