Iraq, Jordan to Improve Cooperation on Drug Control
Iraqi Prime Minister Mohammed Shia' al-Sudani and Jordanian Interior Minister Mazen Faraya reached an agreement on Sunday to strengthen bilateral security cooperation, with a particular focus on combatting drug-related issues. During their meeting in Baghdad, the leaders discussed methods to enhance relations, facilitate travel between the two nations, combat terrorism, and address drug trafficking, as […]
GKP cancels Divi, Names New Chair of Board
Gulf Keystone Petroleum (GKP) provided an update on operational and corporate activity and the Company's upcoming 2023 Annual General Meeting ("AGM") on Monaday: Operational & Corporate Update Following the shut-in of the Iraq-Turkey pipeline on 25 March 2023, production from the Shaikan Field remains shut-in. The suspension of exports has resulted in a gross production […]
Parliament Brawl in Iraqi Kurdistan raises Questions
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Parliament brawl in Iraqi Kurdistan raises questions about détente Ministers belonging to the Patriotic Union of Kurdistan (PUK) are again participating in Kurdistan Regional Government (KRG) cabinet meetings, having ended a six-month boycott. […]
Iraqi Oil Exports via Turkey in "Weeks rather than Days"
By John Lee. A source, citing unofficial contact with Turkish energy officials, has told Reuters that that a resumption of crude oil exports from Northern Iraq via the Turkish port of Ceyhan (pictured) is expected to take weeks rather than days. Turkish pipeline operator BOTAS has reportedly said that it needs more time to check […]
Work Starts at Chinese Solar Plant in Erbil
By John Lee. KRG Prime Minister Masrour Barzani has laid the foundation stone at the first solar power plant in Erbil province. The 25-MW plant is being developed by a consortium consisting of Pluto Otto Cycle and Chinese companies Getting International Energy (which also has interests in neighbouring Jordan) and Shenglong Electric. The deal to […]
Fitch Rates Iraq's RTB Bank 'CCC+'
By John Lee. Fitch Ratings has assigned Erbil's Region Trade Bank for Investment and Finance Private Shareholding (RTB) a Long-Term Issuer Default Rating (IDR) of 'CCC+', and Viability Rating (VR) at 'ccc+'. It says the rating reflects the bank's, "limited franchise, unstable business model, volatile and concentrated customer deposit base and weak albeit improving profitability." […]
US Businessman Convicted of Torture in Iraq
Man Convicted Of Torture And Exporting Weapons Parts And Related Services To Iraq A federal jury convicted a Pennsylvania man on May 19 for numerous crimes, including the torture of an Estonian citizen in 2015 in the Kurdistan region of Iraq, in connection with the operation of an illegal weapons manufacturing plant in Kurdistan. According […]
Video: Brawl Delays Session of Kurdistan Parliament
By John Lee. Shafaq News Agency has publised a video clip of a brawl in the Kurdistan Parliament on Monday (22nd May). Click here to view. (Source: Shafaq News Agency)
Iraq Increases Funding for Small Projects
By John Lee. Iraq's Cabinet has approved a substantial capital increase in the Fund for Supporting Small Income-Generating Projects. The fund's capital will be increased from the previous amount of 150 billion dinars to 1,350 billion dinars ($1 billion). According to a government statement, this expansion is part of the Ministry of Labor and Social […]
Iraqi Airways to get Subsidised Aviation Fuel
By John Lee. The Iraqi Cabinet has taken steps to support the growth and development of Iraqi Airways, following the Prime Minister's visit to Baghdad International Airport and his call for an improvement in services. The approved decisions, based on the recommendation of the Ministerial Council for Economy, are as follows: The General Company for […]
5,000 trees planted at University of Salahaddin
By John Lee. The Agricultural College of the University of Salahaddin has planted 5,000 trees using Groasis Waterboxx technology, as part of the 'Resilience Building Interventions to Promote Food Security in Iraq' program. The innovative Waterboxx technology acts as a protective container, ensuring seed moisture and shielding from harsh conditions. Types of trees planted include […]
Jordan accredits Iraqi Medical Colleges
By John Lee. The Jordanian Accreditation and Quality Assurance Commission for Higher Education Institutions (AQACHEI) and the Iraqi Ministry of Higher Education and Scientific Research have reportedly signed a cooperation agreement to accredit medical colleges in Iraq. According to Petra News Agency, the agreement was signed by the Chairman of the Commission, Thafer Assaraira, and […]