US Allows Iraq to Release $500m to Iran
US Allows Iraq to Release $500 Million in Iran's Blocked Assets The United States has allowed Iraq to release the Iranian blocked assets worth $500 million due to sanctions relief, an Iranian official said. The US has mandated Iraq to release $500 million in Iranian blocked assets, the secretary-general of Iran-Iraq Joint Chamber of Commerce […]
Youth Dynamics and Iraq's Energy Future
By Salam Jabbar Shahab for The Middle East Institute. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Youth dynamics and Iraq's energy future The next few decades will be crucial for Iraq and the Kurdistan Regional Government (KRG) as global changes reshape the […]
90 Arrest Warrants/Summonses for Snr Iraqi Officials in Jan
By John Lee. The Federal Commission of Integrity (FCoI) has revealed that the judiciary issued a total of 90 arrest warrants and summons orders during the month of January. These orders were directed at senior officials suspected of corruption under investigation by the FCoI's offices and directorates in Baghdad and other provinces. According to the […]
Jordan-Iraq Electricity Interconnector to be Completed by end-2024
By John Lee. Jordan's Minister of Energy and Mineral Resources, Saleh Al-Kharabsheh, has reportedly confirmed that the Jordanian-Iraqi electrical interconnection project is expected to be completed by the end of 2024. Jordan News quotes the minister as saying that all tenders for the project have been awarded by the Jordanian side, including the tender for […]
Fmr Iraqi Transport Minister sentenced for Corruption
By John Lee. A former Iraqi Transport Minister has reportedly been sentenced to "maximum imprisonment" for corruption. According to The National, Kazem Al Hamami was sentenced in absentia, having been accused of tampering with contracts and tenders during his tenure as Minister from 2014 to 2018. The accusations related to a land deal involving the […]
Court House in Ninewa Re-opens after Rehabilitation
Ba'aj Court House in Ninewa officially reopens after rehabilitation The Ba'aj Court House in Ninewa has officially reopened after extensive rehabilitation, aiming to improve judicial infrastructure in western Ninewa. The facility was inaugurated during a two-day visit by the UNDP Resident Representative to western Ninewa, where he took stock of the progress made and explored […]
Desert Truffles play Important Role in Iraq's Economy
From Al Jazeera. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Desert truffles play important role in Iraq's tradition and economy In Iraq, desert truffles can be found in some of the most remote areas. Al Jazeera's Mahmoud Abdelwahed reports from Samawa, southern Iraq: […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 9th March 2023). Please click here to view a table of listed companies and their associated ticker codes. RSISX Index Return RSISX Index Closings Change (w/w) (%) Change (YTD) (%) RSISX IQD Index 951.7 1.0% 4.5% RSISX USD Index 935.8 […]
Amid 'Witch-Hunt', ex-PM considered as Conduit in Iran
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Inside story: Amid 'witch-hunt' in Iraq, ex-PM considered as conduit in Iran Iraqi ex-prime minister Mustafa Al-Kadhimi (2020-22)-a key proponent and prior host of talks between Iran and Saudi Arabia-is seemingly under fire […]
New Agreement to Promote Entrepreneurship in Iraq
ITC and UN WFP Sign an Agreement to Promote Development and Strengthening of Entrepreneurship The United Nations World Food Programme (WFP) and the International Trade Centre (ITC) signed an agreement on 6 March 2023 to collaborate on improving the efficiency and competitiveness of Micro, Small and Medium-sized Enterprises (MSMEs) in Iraq. The partnership will leverage […]
Siemens signs Contracts for Iraqi Power Stations
Siemens Energy has been awarded long term service contracts for several powerplants, from the Ministry of Electricity of the republic of Iraq, to improve energy stability and availability, as well as provide training, skills, and employment opportunities for Iraqis. These contracts represent the first portion of prioritized projects under the Iraq Energy Agenda - Wave […]
Iraqi Group to Invest EUR 1bn in Romanian Electricity Plant
By John Lee. Romania's Prime Minister, Nicolae-Ionel Ciucă, has met with representatives of Iraq's Mass Global Energy Rom, the company that purchased the Mintia Thermal Power Plant. During the meeting, the investment plan worth over one billion euros, designed to turn the thermal power plant into the EU's largest and most efficient power production capacity […]