Iraq's Risky Reliance On Oil Revenues
By Charles Kennedy for the OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq's Risky Reliance On Oil Revenues Iraq managed to collect a lot of revenues from oil exports last year due to higher prices, but the Iraqi economy remains heavily reliant […]
Iraq: Authorities must Cease Crackdown on Free Speech
By John Lee. A group of human rights organisations have expressed their deepest concern regarding the Iraqi authorities' recent campaign to crack down on 'indecent content' online. This crackdown, they say, has a chilling effect and will stifle free speech in the country. The statement, which can be read in full here, is signed by […]
Shock as Arrest Warrant issued for Fmr Iraqi Finance Minister
By John Lee. Iraq's Federal Commission of Integrity has issued warrants for the arrest of four senior officials in the previous government, including former Minister for Finance, Ali Allawi (pictured). The warrants relate to the theft of 3.7 trillion Iraqi dinars ($2.5 billion) from the General Tax Authority's account at the state-run Rafidain Bank, an […]
Iraq Approves Russian Firm's Oil Development Plans
By John Lee. Russia's LUKoil and Japan's INPEX South Iraq Ltd have received approval from Iraqi state-owned Thi-Qar Oil Company (TOC) for "Declaration of Commerciality of Reserves and Outline Development Proposal" for the Eridu [Arido] oilfield located within Block 10 in Iraq. Following approval by TOC (also known as Dhi Qar Oil Company, DQOC), LUKoil […]
Will new Land Ownership Rights help Iraq's Yazidis?
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Will new land ownership rights be game-changer for Iraq's Yazidis? Late last year, the Iraqi government announced that members of the minority Yazidi community will be granted land ownership rights in the northern […]
Companies Invited for development of Al-Nisour Square
By John Lee. Prime Minister Mohammed S. Al-Sudani has invited several companies to develop Al-Nisour Square in Baghdad by constructing overpasses, tunnels, and an overpass over the railway towards Umm Al-Tabbul Mosque intersection, and widening the roads adjacent to the project path. The companies are: Transtech Engineers China Railway Sixth Group Co Ltd., China State […]
Baghdad Seeks to Buy More Gas From Iran
Iraq's Minister of Electricity, Ali Fadel, has stated that his country is currently in the process of finalizing a contract to purchase gas from Iran in the summer season. In a recent interview with Iraqi News Agency, Fadel emphasized that Iraq needs 35,000 megawatts to ensure 24-hour electricity supply during the summer season. Currently, Iraq's […]
Iraq Falls in Prosperity Index
By John Lee. Iraq has fallen two place in this year's Legatum Institute Prosperity Index, ranking in 140th place out of the 166 countries measured. The Index consists of 12 pillars of prosperity, split into 67 discrete policy-focussed elements, and is underpinned by 299 indicators. Denmark, Sweden and Norway took the top three positions. The […]
Iraq's Higher National Cmte for Water holds First Meeting
By John Lee. Prime Minister Mr. Mohammed S. Al-Sudani, chaired the first session of the Higher National Committee for Water in the presence of the Minister of Water Resources, the Minister of Construction, Housing and Municipalities, the Secretary-General of the Council of Ministers, the Director Generals of the relevant ministries, and representatives of the PM […]
Erbil Allocates Land for Industrial Projects
By John Lee. A meeting was held this week under the supervision of the Governor of Erbil, Omid Khoshnaw, for the Development and Support of Industrial Projects Committee in Erbil Governorate. At the meeting, it was decided to allocate land for the implementation of 15 heavy and medium industrial projects, whose owners applied for land. […]
New Plan to reduce chronic Baghdad Traffic
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 rolls out new plan to reduce chronic Baghdad traffic Successive Iraqi governments have tried but failed to address the problem of traffic in the capital. Sudani's plan involves […]
Training Workshop on Sustainable Land Management in Iraq
FAO launching training workshop on Conservation Agriculture for Sustainable Land Management in the south The Food and Agriculture Organization of the United Nations (FAO) in collaboration with the Iraqi Ministry of Environment, the Ministry of Agriculture, the Ministry of Water Resources, and local governments launched a seven-day training workshop for 30 agriculture extension officers from […]