Iraq, Iran Oil-Gas Swap to Continue to End-2023
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq, Iran oil-gas swap deal to continue until end of 2023 Iran has resumed the supply of natural gas to Iraq nearly two weeks after it had cut down its exports to the neighboring […]
UNDP "Unwaveringly Committed to Supporting Iraq"
By John Lee. A senior UN official has said that support for the country's efforts to reintegrate displaced people is critical to preventing extremism and boosting recovery. Asako Okai, United Nations Development Programme (UNDP) Assistant Secretary-General and Crisis Bureau Director, added that, "UNDP is unwaveringly committed to supporting Iraq." Full statement from UNDP: One million […]
CBI, IFC discuss Iraqi "Green Bank"
By John Lee. The Governor of the Central Bank of Iraq (CBI), Ali Mohsen Al-Alak, received a delegation from the International Finance Corporation (IFC), a subsidiary of the World Bank Group. The meeting discussed bilateral cooperation in the banking sector and its development to align with global technologies. They also reviewed the latest updates on […]
Iraq Water Crisis drying up Fish Farming in Basra
From Middle East Monitor, under a Creative Commons licence. Any opinions expressed are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq is in the grip of a severe water shortage which has left crop growers and food producers, such as Iraqi fish farmer, Qasem Karam, facing the […]
Qatar to Open Consulate in Erbil
By John Lee. Qatar's Ambassador to Iraq, Khalid bin Hamad Al-Saliti, met with the former President of the Kurdistan Region of Iraq, Massoud Barzani, in Salahaddin on Wednesday. The discussion revolved around the significance of the relations between Qatar, Iraq, and the Kurdistan Region. During the meeting, the Qatari Ambassador expressed his country's intention to […]
Why Iran's Allies in Iraq are adopting Pragmatism towards US
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: Why Iran's allies in Iraq are adopting pragmatism towards the US When Iraq's Popular Mobilization Units (PMU) recently marked the ninth anniversary of their establishment, most observers expected the force to hold […]
India to build Gas Liquefaction units in Iraq?
By John Lee. India has reportedly started talks with Iraq regarding building facilities to liquefy natural gas that is currently flared, and transporting it as liquefied natural gas (LNG) to India. The Indian Express quotes an anonymous senior Indian official as saying, "we are exploring if our companies can set up plants in Iraq to […]
Iraq Confirms Wheat Stockpile of 5 Million Tons
By John Lee. Iraq's Minister of Trade, Atheer Al-Ghurairy, has said Iraq has a 'strategic stockpile' of wheat totaling 5 million tons. He is quoted by state-run Iraqi News Agency (INA) as saying that this is sufficient to meet the country's needs for more than a year, and is in addition to the four months […]
Iraq: The Demise of Federalism
By Marina Ottaway, 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: The Demise of Federalism Federalism in Iraq is being dismantled. Kurdistan exercised some autonomy, but after its failed independence bid, Baghdad began clawing back its privileges. Centralization may […]
Urgent Action needed to Safeguard Iraq's Marshes
FAO Renews its Call for Urgent Action to safeguard Iraq's Marshes and Buffalo Producers from Severe Climate Change and Water Scarcity FAO Iraq is deeply concerned about the grave consequences of climate change and water scarcity on the marshes (Al Ahwar) and buffalo producers in the Southern Iraq. Alarming field reports from the project team, […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 13th July 2023). Please click here to view a table of listed companies and their associated ticker codes. RSISX Index Change RSISX Index Closings Change (w/w) (%) Change (YTD) (%) RSISX IQD Index 1,087.7 4.7% 19.5% RSISX USD Index 1,069.5 […]
Iraq approves Third Offshore Oil Pipeline for $416.9m
By John Lee. The Iraqi Cabinet has approved the recommendation of the Energy Ministerial Council for the construction of a third offshore oil export pipeline, sometimes referred to as "Sealine 3" or "SL-3". The 48-inch pipeline will have a capacity of 2 million barrels per day (bpd), and is planned to be completed in 400 […]