Iraqi Kurdistan "Faces End of an Era"
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraqi Kurdistan faces end of era as independent oil exports under threat Iraq's oil export dynamics are facing a major potential shift. An arbitration ruling by the International Chamber of Commerce (ICC) has […]
Turkish Company to build New Cement Plant in Nineveh
By John Lee. The Iraqi General Cement Company has signed a partnership contract with the Turkish Zodiac company to establish a new cement production plant in Hammam Al-Alil Complex in Nineveh Governorate. The plant will use modern technology and dry gas fuel to produce cement and have a contract capacity of 1.8 million tons annually. […]
Iraq First Country in ME to join UN Water Convention
By John Lee. Iraq has become the first country in the Middle East to join the Convention on the Protection and Use of Transboundary Watercourses and International Lakes (known as the UN Water Convention), which aims to promote cooperation across borders for the sustainable use of transboundary water resources. 19 of the 22 Arab countries […]
Iraq's Energy Sector and in a Climate-Constrained World
A Tale of Two Transitions : Iraq's Energy Sector and Macroeconomic Stability in a Climate-Constrained World (English) This paper from the World Bank assesses the costs and benefits of Iraq's own energy transition from fossil fuel dependent power sector to one with a significantly higher share of renewables amid an accelerating global energy transition. The […]
Iraqi PM Opens Medical Device Factory
By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani inaugurated the National Health Factory, a facility affiliated with the Medical Clinics Department in the Ministry of Health. It specializes in producing medical supplies such as sterilization materials, dialysis solutions, etc. Mr. Al-Sudani expressed his congratulations at the Factory's inauguration, which addresses the priorities of the […]
Orbital Fluctuations among Iran-Supported Militias in Iraq
By Michael Knights, for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Orbital Fluctuations Among the Iran-Supported Militias in Iraq Astronomical models provide a surprisingly helpful illustration of how Iran-backed armed groups wield power in the MENA […]
The Interconnected Impacts of the Iraq War
By Dr Marion Messmer, for Chatham House. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. The interconnected impacts of the Iraq war Relying on weak intelligence for invading Iraq has had a negative impact on US and UK credibility with several consequences that persist […]
Central Bank of Iraq Sues Executives of North Bank
By Lara Dihmis, for the Organized Crime and Corruption Reporting Project (OCCRP). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq Central Bank Sues Executives of Private Bank Investigated by OCCRP The Central Bank of Iraq (CBI) has filed several lawsuits against the chairman […]
Workshop on Financing SMEs in Erbil
By John Lee. The Private Sector Development Department of the Iraqi Ministry of Trade participated in a workshop organized by the Dutch Spark organization in Erbil to support small and medium-sized companies. The workshop aimed to provide guidance and training to link these companies with banks and find sources of financial support for them. The […]
Iraq Confirms February Oil Exports
By John Lee. Iraq's Ministry of Oil has announced finalised oil exports for February: Revenues achieved: 7.063 billion dollars Total exported quantities of crude oil: 92,255,610 barrels Exported quantities from central and southern Iraq: 89,140,448 barrels Exported quantities from Kirkuk through Ceyhan port: 2,834,393 barrels Average daily quantities exported: 3.295 million barrels per day, slightly […]
Planning Beyond a Baghdad-Kurdistan Budget Deal
By Michael Knights, for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Planning Beyond a Baghdad-Kurdistan Budget Deal Iraq's bloated 2023 budget has created space for the Kurds to get a share of the wealth this year, […]
FT: "Crippling Dollar Shortage underscores Vulnerability of Iraq's Economy"
Writing in the Financial Times, Raya Jalabi says that attempts to control a monetary crisis have had unintended consequences for a country struggling to get back on its feet Click here to read the full article (subscription required)