Kurdistan Investment Board signs agreement with IFC
By John Lee. KRG Prime Minister Masrour Barzani welcomed a delegation from the International Finance Corporation (IFC) headed by Mr. Khawaja Aftab Ahmed, IFC's Regional Director for the Middle East, on Wednesday. During the meeting, the two parties discussed ways to enhance cooperation and expand joint projects between the KRG and the IFC, a member […]
Saudi Ambassador says Builders will enter Iraq
By John Lee. Saudi Arabian companies are said to be committed to supporting the housing sector in Iraq. The Saudi ambassador to Baghdad, Abdulaziz Al-Shammari (pictured), told the state-owned Iraqi News Agency (INA) on Wednesday that Saudi companies will expand into Iraq with a view to building more housing. He was speaking after attending a […]
Increasing Security of Supply Chain at Baghdad Airport
Increasing the security of the trade supply chain at Baghdad International Airport On 10 September 2023, Iraq took a significant stride in bolstering trade supply chain security - concurrently targeting high-risk air cargo while facilitating the smooth flow of legitimate trade. In pursuit of this crucial objective, Iraqi authorities have joined forces with the United […]
Barzani "warns of Iraqi Kurdistan's Collapse, urges Mediation"
By Amberin Zaman for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. In letter to Biden, Barzani warns of Iraqi Kurdistan's collapse, urges mediation KRG Prime Minister Masrour Barzani's letter to Biden is aimed at jolting the administration into action as […]
Iraq Urges Swift Implementation of Nebras Petrochemical Project
By John Lee. Iraq's Deputy Minister of Oil for Gas has emphasized the importance of expediting the implementation of the Nebras [Nibras] Petrochemical Project. During a meeting held at the Ministry of Oil's headquarters, discussions revolved around reviewing the preliminary report by a global consultant regarding the project's components, economic feasibility study, and the necessary […]
Ten Austrian Firms accompany FM to Iraq; Embassy Reopened
By John Lee. From September 11 to 13, 2023, Austrian Foreign Minister Alexander Schallenberg is visiting Iraq. In the capital, Baghdad, he has scheduled meetings with President Abdul Latif Rashid, Prime Minister Mohammed Shia' al-Sudani, and Foreign Minister Fuad Hussein. The primary focus of discussions with Iraqi government officials is combating illegal migration. Additionally, talks […]
KRG PM Welcomes Saudi Investment Delegation
KRG Prime Minister Masrour Barzani received a delegation from Saudi Arabia on Monday, headed by Dr. Saad Al-Shahrani, Deputy Minister of Investment. The meeting revolved around enhancing mutual ties, with a particular focus on Saudi Arabia's investments in the Kurdistan Region. Prime Minister Barzani highlighted the enduring friendship between the Kurdistan Region and Saudi Arabia, […]
Iraqi PM says Development Road Project Prioritised
By John Lee. The Iraqi Prime Minister has said that Iraq stands firm on its position that it will not engage in any railway connections for cargo transport until the Faw Port and Development Road project are completed. At a conference on Economic Integration in Baghdad, Mohammed Shia Al-Sudani continued: "Progress is evident in these […]
ADNOC L&S to enter Iraqi Market
By John Lee. ADNOC Logistics and Services plc (ADNOC L&S), has taken delivery of eight self-propelled jack-up barges (JUBs) through its subsidiary Zakher Marine International (ZMI) Holdings. In a statement to the markets on Monday, it said that one of the barges will serve the Iraqi market, "marking ADNOC L&S' entry into a new market […]
Turkiye seeks Damages from Iraq in KRG Oil Dispute
By Ragip Soylu for Middle East Eye. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Turkey seeks $950m damages against Iraq over KRG oil dispute Turkish interest calculations suggest Baghdad has to pay $950m to Ankara in ICC award that initially ruled $1.4bn […]
Iraq's Int'l Development Bank signs Agreement on Tourism
By John Lee. Arab Tourism Organization and International Development Bank Sign Cooperation Agreement to Boost Arab Tourism Development The Arab Tourism Organization (ATO) and Iraq's International Development Bank (IDB) have signed a cooperation agreement aimed at enhancing collaboration to harness opportunities for the development of the tourism sector. The Arab Tourism Organization's President, Dr. Bandar […]
Calls to Release Scholar Kidnapped in Iraq
By Amnesty International. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq: Release Kidnapped Scholar The Iraqi government should take steps to ensure the immediate and unconditional release of Elizabeth Tsurkov, a US-based scholar who was kidnapped in Iraq on March 21, 2023, four organizations including Amnesty International […]