Seven Power Plants For Oil Refineries In Iraq

By John Lee. The Anglo Belgian Corporation (ABC) and Kunz have been selected to contract and design seven power plants (14 gensets) for several oil refineries in Iraq. The generated power contributes to the start and back-up process of these refineries and is independently generated by two gensets on each site. The complete gensets were […]

Iraq, Saudi discuss Cooperation in Economy and Investment

By John Lee. On Monday, Prime Minister Mustafa Al-Kadhimi received the Saudi Minister of Commerce, Majid bin Abdullah Al Qasabi, and his accompanying delegation. During the meeting, they discussed the development of bilateral relations between Baghdad and Riyadh, and ways to enhance cooperation in the fields of economy and investment, and to work to enhance […]

IMF Report into Iraq's Customs and Tariffs

By John Lee. The International Monetary Fund (IMF) has published a new report into Iraq's customs and tariff arrangements. This report summarizes key findings and recommendations from a remote technical assistance (TA) assignment performed by a short-term expert (STX), Mr. Djamel Bouhabel, from January 17 to February 4, 2021, to the General Customs Authority of […]

Dana Gas Expansion Plans "Well Underway" in Kurdistan

By John Lee. Dana Gas PJSC announced that its H1 2021 collections from the Kurdistan Region of Iraq (KRI), and Egypt have increased 106% year-on-year to $185 million (AED 678m), the highest level in more than five years. Dana Gas, which owns a 35% stake in Pearl Petroleum, saw its share of collections from sales […]

Al-Sadr to sit out October Election

By Al Monitor staff. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraqi Shiite leader Sadr to sit out October election Muqtada al-Sadr also said he would withdraw his support for the current government and its replacement. Click here to read the full […]

Launches of Young People's Advisory Group (YPAG) in Iraq

UNICEF Iraq launches the Young People's Advisory Group (YPAG) to enhance dialogue between UNICEF and young people in Iraq UNICEF announced its renewed commitment to support inclusive meaningful systematic participation of young people in Iraq, through the creation of the Young People's Advisory Group (YPAG), with the goal of empowering young people to be civically […]

4,000-year-old City discovered in Iraq

By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. 4,000-year-old city discovered in Iraq A group of Russian archaeologists made an impressive discovery in Iraq's Dhi Qar governorate, where an ancient settlement about 4,000 years old was […]

Zain Hit by Iraqi Dinar Devaluation

By John Lee. Zain Iraq's H1 2021 revenue reached USD 376 million, and EBITDA amounted to USD 145 million, reflecting an EBITDA margin of 39%. Net profit reached USD 24 million for the period. The operator's customer base increased by 7% to reach 16.1 million customers maintaining its market leading position. It should be noted […]

Iraqis Campaign Against Impunity for Violence

By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraqis campaign against impunity for violence Activists in Iraq and abroad are seeking to pressure Iraqi authorities into preventing impunity for perpetrators of abuses. Click here to read the […]