Iraq: Cases against Influencers raise Concerns over Freedom
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Cases against social media influencers raise concerns over freedoms in Iraq Iraq's judiciary is issuing arrest warrants and convicting social media stars over allegedly inappropriate content. Reactions to these measures have been divided. […]
Iran-Iraq Water Committee Resumes Activity after 10 Years
An Iranian official announced the resumption of activity of Iran-Iraq Joint Water Committee after a long hiatus. A recent visit that Iranian Minister of Energy Ali Akbar Mehrabian paid to neighboring Iraq resulted in the activation of a joint committee in the water sector which had been suspended for a decade, the spokesperson for Iran's […]
KRG opens second Border Crossing with Turkey
The Zet International Gate between the Kurdistan Region and Turkey, located in the Soran administration, officially opened on Wednesday. The crossing is open daily between 8am and 8pm. Construction of the new crossing started in 2021, and it is now welcoming tourist travellers. It will open for commercial transport in a second stage. The Supervisor […]
Iraq asks Turkey to Resume Oil Exports
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. Iraq asks Turkey to resume oil exports as firms in Kurdistan region scale back Turkey has still yet to restart oil flows from northern Iraq following a controversial court […]
Iran, Iraq Sign Oil & Gas MoU
Iran and Iraq have signed a memorandum of understanding on cooperation in the oil and gas industries. In a meeting attended by Iraqi Prime Minister Mohammad Shia al-Sudani, held in Baghdad on Wednesday, Iran's Oil Minister Javad Owji and his Iraqi counterpart Hayan Abdel-Ghani signed the MoU to cooperate in the oil, gas, and petrochemical […]
Largest Oil Training Center in Basra is Opened
By John Lee. The Ministry of Oil has opened the largest and most advanced oil training center in Basra, in collaboration with the Japanese company JGC. Hamed Younis, the Deputy Minister of Oil for Refining Affairs, emphasized the ministry's strong focus on training, qualifying, and developing the skills of workers in the oil sector. He […]
Iraq, Iran sign MoU to Combat Drug Trade
By John Lee. The Minister of Health in Iraq, Prof. Dr. Saleh Al-Hasnawi, and the Secretary-General of the Anti-Narcotics Committee in the Islamic Republic of Iran, Mr. Iskandar Momeni, signed a memorandum of understanding (MoU) on Thursday, May 11, 2023. The signing took place at the Ministry's headquarters and aims to strengthen cooperation between the […]
KRG Minister discusses Financial Threats in Iraq and Kurdistan
On Tuesday, Rebar Ahmad, the Kurdistan Regional Government's Minister of Interior, welcomed the KRG's Financial Action Taskforce for money laundering and terrorist financing. The taskforce includes representatives from 15 other organisations in the region and operates in accordance with international standards. Minister Ahmad praised the taskforce's efforts and emphasised the government's transparent policies for combating […]
Iraq orders Turkey to Resume Oil Exports, but ...
By John Lee. Iraq's Minister of Oil, Hayan Abdul-Ghani, confirmed on Thursday night that the State Oil Marketing Organization (SOMO) told the Turkish company BOTAS to resume export and loading operations at the Turkish port of Ceyhan (pictured), starting on Saturday, 13th May. He added that contracts have been finalized with international companies for the […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 11th May 2023). Please click here to view a table of listed companies and their associated ticker codes. RSISX Index Return RSISX Index Closings Change (w/w) (%) Change (YTD) (%) RSISX IQD Index 1,036.1 -1.2% 13.8% RSISX USD Index […]
KRG reaches Agreement with Baghdad on Oil Exports
The Kurdistan Regional Government (KRG) has reached an agreement with the Iraqi federal government on measures to allow the resumption of oil exports through Turkey. The Kurdistan Region's Ministry of Natural Resources announced in a statement that on 10 May Iraq's State Oil Marketing Organization (SOMO) officially requested Turkish authorities to allow the Kurdistan Region's […]
DNO Scales Back Kurdistan Spend
By John Lee. DNO, which operates the Tawke licence in Iraqi Kurdistan, has said on Thursday that, given the uncertain timing of oil export resumption from Iraqi Kurdistan and, importantly, of payments by the Kurdistan Regional Government (KRG) for previous oil sales, it has scaled back spend in Kurdistan, including drilling. In its statement of […]