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)
Invitation: Understanding Your Role in Iraq's Agribusiness Value Chain
The Iraq Response Innovation Lab invites young agri-preneurs in Iraq who want to learn from industry experts to register for its upcoming Zoom event on the 29th March. Titled "Understanding Your Role in the Agribusiness Value Chain", it will be hosted by youth and feature experts and business leaders from the agribusiness and agrifood value […]
Sell-Off in Oil Shares following Kurdistan Export Ruling
By John Lee. There has been a sharp sell-off in the shares of oil companies with interests in Iraqi Kurdistan on Monday, following the arbitration ruling that has stopped oil exports from the Kurdistan Region of Iraq via pipeline to the Turkish port of Ceyhan: Genel Energy, which has interests in the Tawke, Taq Taq […]
Oil Companies in Kurdistan comment on Court Ruling
By John Lee. Following the arbitration ruling that has stopped oil exports from the Kurdistan Region of Iraq, the oil companies affected have issued statements to the markets on the situation. Genel Energy, which has interests in the Tawke, Taq Taq and Sarta fields, said that public statements made by both the Federal Iraq Ministry […]
KRG Oil Exports Suspended following Arbitration Ruling
By John Lee. Oil exports from Iraqi Kurdistan were suspended on Saturday after a ruling that Turkiye can not allow exports from the autonomous region by pipeline to the port of Ceyhan (pictured). The Paris-based International Court of Arbitration, which operates under the auspices of the International Chamber of Commerce (ICC), found that Turkiye was […]
Iraq Renews Oil Export Contract with Egypt
By John Lee. Iraq's cabinet has approved the recommendation of the Energy Ministerial Council regarding the renewal of the contract to supply the Egyptian General Petroleum Corporation (EGPC) with oil. The contract will involve the supply of four million barrels of Basra medium crude oil, with two million barrels for June and another two million […]
Shell appoints GB Auto as Iraqi Distributor
By John Lee. Shell Markets Middle East Limited has signed an agreement with GB Auto Iraq to be the official distributor of its automotive lubricants in Central and Southern Iraq. As part of the agreement, Shell will supply GB Auto with a diverse portfolio of automotive lubricants, including Shell Helix, Shell Rimula, Shell Spirax, and […]
A New Opportunity for the Basra-Aqaba Pipeline?
From 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. A New Opportunity for the Basra-Aqaba Pipeline? While the Basra-Aqaba pipeline project promises economic, energy, and security benefits for Iraq and Jordan, high costs and political and security […]
New Iraqi Agribusiness Development and Investment Plan
First SAAVI local agribusiness development and investment plan endorsed Iraq's agriculture sector is set for a transformational boost, as Al Zubair farmer alliance's first local agribusiness development and investment plan is now endorsed by local authorities, private sector, and international partners. The plan was prepared by stakeholders themselves, giving them an opportunity to prioritize their […]
Will Iraqi Lawmakers approve Record Govt Spending?
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Will Iraqi lawmakers approve record government spending, deficit? After extensive discussions, Iraq's Council of Ministers has submitted a draft budget law for 2023 to the parliament. The move is the first major legislative […]
Iraq Improved Rank in World Happiness Index
By John Lee. Iraq has improved its rank in the latest World Happiness Report to 98th out of 137 countries, compared to 107th out of 146 countries last time. The report, produced by the Sustainable Development Solutions Network (SDSN), uses global survey data to report on how people evaluate their own lives around the world. […]
Al-Sudani receives Saudi Minister of Commerce
Prime Minister Mr. Mohammed S. Al-Sudani, received the Saudi Minister of Commerce, Mr. Majid bin Abdullah Al-Qasabi, and his accompanying delegation. The meeting focused on discussing prospects for cooperation between the two countries and ways to develop bilateral relations to serve the interests of the two brotherly peoples. During the meeting, the Prime Minister reaffirmed […]