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 […]
Iraq Oil Exports for June: $7.1bn
By John Lee. Iraq's Ministry of Oil has announced preliminary oil exports for June: Total exports of crude oil: 100,059,052 barrels Revenues from crude oil exports: $7.115 billion Oil fields in central and southern Iraq accounted for 98,725,620 barrels of crude oil exports. Exports from Kirkuk through the port of Ceyhan have been suspended. Oil […]
Northrop Grumman Wins $13m Iraq Contract
By John Lee. Northrop Grumman Systems Corp., Fort Worth, Texas, has been awarded $13,561,913 modification (P00014) to a previously awarded contract (FA8617-21-C-6237) for contractor logistics support of Iraq's C-172 and C-208 fleets. The modification brings the total cumulative face value of the contract from $33,031,313 to $46,593,226. Work will be performed at Balad Air Base, […]
IBBC welcomes LARSA Security as New Member
From the Iraq Britain Business Council (IBBC): LARSA Security Services is an Iraqi security company registered in Iraq as a private company under the Iraqi ministry of interior and has obtained license number (164). LARSA is a pioneer in the field of private security and logistics. With a high level of skill, training, expertise, and […]
Turkey's Spymaster-Turned-FM could Reshape Iraq Policy
By Mehmet Alaca for the Arab Gulf States Institute in Washington (AGSIW). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Turkey's Spymaster-Turned-Foreign Minister Could Reshape Iraq Policy While Turkey's new foreign minister may reshape its Iraq policy, Ankara will likely prioritize economic relations above all […]
Baghdad Building Boom "Fueled by Corruption"
By Louisa Loveluck and Mustafa Salim, for The Washington Post. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. A building boom fueled by corruption is changing the face of Baghdad Twenty years after an American-led invasion plunged Iraq into conflict, a real estate […]
New Border Crossing between Iran and KRI
By John Lee. The Shoshme [Shushme] border crossing in Halabja has been opened. According to the KRG, the gate is open for tourist traffic between the Kurdistan Region of Iraq (KRI) and Iran. (Source: KRG)
With Iraq's New Budget, Baghdad "goes after Kurdish Oil"
By Joseph Daher for The New Arab. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. With Iraq's new budget, Baghdad goes after Kurdish oil Taking advantage of festering divisions within Kurdistan and the weakening of the KRG government, Iraq's central government has seized its […]
Iraq Improves Ranking in Global Peace Index
By John Lee. The Institute for Economics and Peace has ranked Iraq 154th out of 163 countries in its 2023 Global Peace Index. This represents an improvement of three places on last year's ranking. The report also estimates the economic impact of violence in Iraq at over $82 billion. The most peaceful countries were listed […]
Is Iraq's $17bn Road & Rail Mega-Project Feasible?
By Dana Taib Menmy for The New Arab. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. 'Route of Development': Is Iraq's $17 billion road and rail mega-project feasible? Iraq's 'Route of Development' ["Development Road"; "Dry Canal"] is ambitious, but an unstable political and security […]
Will Sudani's 3-Yr Budget bring Stability to Iraq?
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Deep Dive: Will Sudani's three-year budget bring stability to Iraq's economy? Almost five months after taking office, Iraqi Prime Minister Muhammad Shia' Al-Sudani (pictured) in March this year submitted a draft budget law […]