Iraq Joins Egmont Group to Combat Money Laundering
By John Lee. Iraq has been granted membership of the Egmont Group, which focuses on exchanging information among financial investigation units combating money laundering and terrorist financing. The vote took place during the group's 29th general meeting in the United Arab Emirates on Wednesday. The meeting was attended by Deputy Chief Judge of the Court […]
Malaysia to open Embassy in Iraq
By John Lee. The Malaysian government has decided to open an embassy in Baghdad. At a meeting with Iraqi Minister of Foreign Affairs, Fuad Hussein, on Wednesday, Malaysian Foreign Minister Zambri Abdul Qadir confirmed the decision, and emphasised Malaysia's support for Iraq. Minister Hussain welcomed the decision and said that Iraq will provide all means […]
Iraqi Bureaucracy Closes Hospitals in Mosul
By John Lee. Médecins Sans Frontières (MSF) [Doctors Without Borders] has closed two health facilities in Mosul, claiming that their work has been made impossible by the bureaucracy in Iraq. Full text of statement from MSF: MSF halts medical activities in Mosul due to administrative obstacles Essential medical activities have been suspended at two health […]
UK-Iraq Strategic Dialogue in London
The United Kingdom and the Republic of Iraq agreed a joint communiqué to mark the UK-Iraq Strategic Dialogue, held in London on 3-4 July 2023: The Secretary of State for Foreign, Commonwealth and Development Affairs of the United Kingdom and Northern Ireland, the Rt Hon James Cleverly MP, hosted, Deputy Prime Minister and Minister of […]
Iran-Iraq Trade exceeds $10bn; Could Double
From Tasnim, under Creative Commons licence. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. No Problems in Way of Financial Exchanges between Iran, Iraq: Official There are no problems in the way of financial exchanges between Iran and Iraq, an Iranian official said. Chairman […]
IDC Completes 86 Oil Wells in the First Half of 2023
By John Lee. Khalid Hamza, the General Manager of the Iraqi Drilling Company (IDC), has said the company has completed the drilling or development of 86 oil wells in the first half of 2023. This included the successful completion of the 24th well in the Majnoon oil field, reaching a depth of 3,079 meters, in […]
Saudi Arabia, UAE invest $6bn in Iraq Operations
By Salim A. Essaid for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Saudi Arabia, UAE invest $6 billion in Iraq operations The United Arab Emirates and Saudi Arabia will join together to boost trade and commerce in Iraq. Click here […]
KBR to pay $143m to settle Iraq case
By John Lee. KBR has announced that it has settled a legacy lawsuit pending in federal court, USA ex rel Howard v. KBR, Inc. et al. Stuart Bradie, KBR President and CEO, said: "We are pleased to put this decade-old lawsuit behind us as we close out one of our final legacy legal issues. We […]
Iraq Plans Oil Production of 5m bpd
By John Lee. Iraq's parliamentary oil and gas committee has said the government plans to increase oil production to over 5 million barrels per day (bpd). According to state-run Iraqi News Agency (INA), member of the committee, MP Zeinab Juma al-Mousawi, stressed the importance of facilitating an investment-friendly environment by offering protection and incentives to […]
Iraq Foreign Minister meets with Serco
By John Lee. Deputy Prime Minister and Minister of Foreign Affairs, Fuad Hussein, has held talks with Phil Malem, the Chief Executive Officer (CEO) of Serco Middle East. According to a statement from Iraq's Ministry of Foreign Affairs, the discussions aimed to resolve outstanding disputes between the UK-based company and relevant Iraqi authorities. The meeting […]
All $10bn of Iran's Frozen Assets Released by Iraq: Official
From Tasnim, under Creative Commons licence. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. An Iranian official confirmed that the Iraqi government has released all of Tehran's frozen assets, amounting to $10 billion worth of energy debts. The funds have been deposited into an […]
Turkey extends Flight Ban on Sulaimaniyah Airport
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. Turkey extends flight ban on Iraqi Kurds' Sulaimaniyah airport over alleged PKK support Turkey said its latest ban is in response to "the intensification of activities by the PKK […]