Cabinet approves Exit of Kogas from Akkas Gas Field
By John Lee. The Iraqi Cabinet has approved the recommendation of the Ministerial Energy Council regarding a settlement agreement with the South Korean company Kogas, the operator of the Akkas gas field. The agreement includes a payment of USD 49 million in crude oil, to be made by the State Oil Marketing Organization (SOMO). According […]
New Hotel and Shopping Mall open in Erbil
By John Lee. The Prime Minister of the Kurdistan Regional Government, Masrour Barzani, has officially opened the new Hyatt Regency Hotel, and the Gulan Mall, in Erbil. He thanked both Sirwan Barzani and Sabri Ozel for implementing these projects, which he said will pave the way for attracting tourists from the rest of Iraq and […]
NATO "Continues to Strengthen Iraqi Security Forces"
By John Lee. NATO Secretary General Jens Stoltenberg welcomed Iraqi Foreign Minister Fuad Hussein to NATO Headquarters on Monday (20 March 2023). The Secretary General thanked Iraq for its commitment to its partnership with NATO, particularly with respect to fighting international terrorism and promoting stability in the region. Mr Stoltenberg underscored that NATO continues to […]
Deep Dive: Iran's new Security Accord with 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: Iran inks security accord with Iraq as regional diplomacy revved up The secretary of Iran's Supreme National Security Council (SNSC) has capped off a busy month of dialogue with Arab states […]
Al-Monitor on Iran-Iraq Security Deal
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. Iran, Iraq sign security deal boosting border cooperation The deal follows the Islamic Republic escalating its attacks on Kurdish groups in Iraq amid the ongoing protests in Iran. Click […]
KRG Oil Revenues "to be under Baghdad Supervision"
By John Lee. An advisor to the Iraqi Prime Minister has said that the Kurdistan Regional Government's oil revenues will now be placed in an account controlled by the federal government in Baghdad. Husham Hamad added that the agreement was reached through what he called the "high understanding and keenness of the federal government and […]
Iran, Iraq to launch 3 Joint Industrial Towns
The Iranian Minister of Economic Affairs and Finance said three joint industrial towns between Iran and Iraq will be launched in the border areas in the Iraqi provinces of Maysan (Missan), Basra and Wasit. Seyed Ehsan Khandouzi (pictured) made the remarks on the sidelines of the unveiling ceremony of "Factoring System of Private Contracts", held […]
NIC Boss discusses Saudi Projects in Iraq
By John Lee. Sultan bin Abdulrahman Al-Murshed, CEO of the Saudi Fund for Development (SFD) welcomed an Iraqi delegation led by the Chairman of the National Investment Commission (NIC), Dr. Haider Muhammad Makiya in Riyadh on Sunday. The delegation comprised officials from various Iraqi ministries including Foreign Affairs, Finance, Agriculture, Oil, and Electricity, as well […]
Iraq, Iran sign Agreement on Security Cooperation
Iran and Iraq on Sunday signed a bilateral agreement on security cooperation. The agreement was signed by Secretary of Iran's Supreme National Security Council Ali Shamkhani and Iraq's National Security Adviser Qasim al-Araji in Baghdad at a meeting attended by Iraqi Prime Minister Mohammed Shia' Al Sudani. Accompanied by the governor of the Central Bank […]
Establishment Parties push for Contentious Electoral Reform
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Establishment parties in Iraq push to pass contentious electoral reform Iraq's parliament is close to passing a new electoral law seemingly geared to favor established parties over independents and political newcomers. The full […]
Minorities Protest Baghdad's Alcohol Ban as Unconstitutional
By Ali Mamouri 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 is not an Islamic country': Minorities protest Baghdad's alcohol ban as unconstitutional The Iraqi government's renewed effort to prohibit alcohol is not only worrisome for Christian and Yazidi […]
Amnesty: Iraqi Govt must Act on Human Rights
By Amnesty International. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq: Government must match rhetoric on human rights with meaningful action The new government of Iraqi Prime Minister Mohammed Shia' al-Sudani must break with the failures of past governments related to justice, truth […]