Resignations at Iraq's Parliament after Court Ousts Halbousi
By Adam Lucente for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Resignations at Iraq's parliament after supreme court ends Halbusi's term The powerful Sunni politician has been mired in controversy amid political tensions in Iraq. Click here to read the […]
EBRD welcomes Iraq as its latest member
By John Lee. Iraq has become the latest member of the European Bank for Reconstruction and Development (EBRD). The bank recently approved amendments to its statutes to enable the limited and incremental expansion of its operations to Iraq. Full statement from EBRD: Iraq has become the latest member of the European Bank for Reconstruction and […]
US Renews Iran-Iraq Energy Waiver
By John Lee. The United States has reportedly issued a new waiver allowing Iraq to pay Iran for electricity. According to Reuters, the waiver lasts for 120 days. While not directly confirming the waiver, US State Department spokesperson Matthew Miller told a press briefing on Tuesday: "So I don't have a comment to give on […]
Iraq to Waive Port Fees for Refinery Project
By John Lee. The Iraqi Cabinet has endorsed a recommendation for financing the Fluid Catalytic Cracking (FCC) project, which it says is contracted by the South Refineries Company (SRC) with a Japanese company. Iraq Business News understands this to be the Basra Refinery Development Project, which is to be built by Japan's JGC Corporation. The […]
Iraqi PM Orders Reform of Banking Sector
By John Lee. Iraqi Prime Minister, Mohammed Shia al-Sudani, led a meeting on Tuesday to monitor the progress of banking reforms. The session, attended by the Finance Minister, Governor of the Central Bank of Iraq (CBI), and directors of government banks, focused on administrative and banking reforms initiated by the government as part of comprehensive […]
Erbil to Plant a Million Oak Trees
By John Lee. Erbil plans to plant one million oak trees within the next five years, according to a statement from the Kurdistan Regional Government (KRG), which adds that 300,000 of these trees are already planted. The project from the Ministry of Municipalities and Tourism is intended to enhance the greenery along the 120 Metre […]
Saudi Football 'Charm Offensive' arrives 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. Saudi football 'charm offensive' arrives in Iraq In front of a raucous crowd in Erbil, underdog Iraqi club Al-Quwa Al-Jawiya has soundly defeated visiting Saudi side Al-Ittihad. The Nov. 6 game, an Asian Football […]
Genel Energy Q3 Results
Genel Energy plc Trading and operations update Genel Energy plc ('Genel' or 'the Company') issues the following trading and operations update in respect of the third quarter and first nine months of 2023. Paul Weir, Chief Executive of Genel, said: "Despite encouraging comments from senior politicians, the Iraq-Türkiye pipeline remains shut. Good progress has been […]
Supreme Court Ousts Speaker of Parliament; Ministers Resign
By John Lee. Iraq's Federal Supreme Court has issued a ruling terminating the appointment of the Speaker of the Parliament, Mohammed Rikani al-Halbousi (pictured below), and ending the membership of a rival Sunni MP, Laith Mustafa Hamoud al-Dulaimi, effective from the date of the judgment on November 14, 2023. "This decision is final and binding […]
Iraq Inaugurates New Oil Terminal at Khor Al-Zubair Port
By John Lee. Iraq's Ministry of Transport has announced the opening of the 340-meter-long oil terminal at Khor Al-Zubair port. The General Company for Iraqi Ports inaugurated the crucial project, part of the second phase of the Japanese loan, in the presence of Japanese Ambassador to Iraq Futoshi Matsumoto. According to a statement from the […]
Iraq's Largest Poultry Project Opens in Karbala
By John Lee. Prime Minister Mohammed Shia Al-Sudani has opened the largest private poultry project in Iraq, located in Karbala. With an annual production capacity exceeding 3 billion eggs and 340,000 tons of meat, the project aims to meet local market demands. During the opening, Prime Minister Al-Sudani emphasized the project's role in achieving self-sufficiency, […]
Iraq Resumes Direct Flights to Denmark
By John Lee. The Iraqi Ministry of Transport has announced the resumption of direct passenger flights between Iraq and Denmark, with the route covering Baghdad, Najaf, and Copenhagen. This marks the second European destination after Berlin, utilized by Iraqi Airways through a codeshare agreement. According to the company's management, the decision to reintroduce this vital […]