Iraq's Population Exceeds 42 Million
By John Lee. Iraq's Ministry of Planning has announced new population data for Iraq. According to its Central Statistical Organization (CSO), Iraq's total estimated population of Iraq is now 42,248,883 -- an increase of 2.5 percent on the previous year. Males account for 50.5 percent, females 49.5 percent; Births during the past year were 1,310,894; […]
Gulf Cup: Iraq draws closer to Arab Neighbours
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Gulf Cup gives Iraq chance to draw closer to Arab neighbors Iraq is about to embark on a new chapter in its sporting history. From 6th-19th January, Basra will host the 25th edition […]
Iraq Public Holiday due to Bad Weather
By John Lee. Prime Minister Muhammad Shia Al-Sudani has directed the suspension of official working hours on Thursday (5th January) due to "bad weather" in most of Iraq. According to Rudaw, heavy rains have affected many parts of the country this week. (Source: General Secretariat for the Council of Ministers, Rudaw)
Iraq earns $115bn from Oil Exports in 2022
By John Lee. The Iraqi Minister of Oil, Hayan Abdul-Ghani (pictured), has announced revenues of more than $115 billion from exporting crude oil for the year 2022. More than 1,209 billion barrels of crude oil were exported, giving a daily export rate is approximately 3.320 million barrels per day (bpd). The oil was bought by […]
Trade with Iraqi Kurdistan Increases
Nawzad Sheikh Kamil, Director General of Trade at the Ministry of Trade and Industry, said that the KRG exports in 2022, compared to 2021, increased to 672.767 million dollars and imports increased to 15.403 billion dollars. "In 2022, the Ministry of Trade and Industry issued 5,204 import licenses and 168 export licenses for various agricultural […]
US Firm Wins Aviation Maintenance Contract in Iraq
By John Lee. Maryland-based Amentum Services Inc. has been awarded a $10,000,000 modification (P00255) to contract W58RGZ-19-C-0025 for aviation maintenance services. Work will be performed in Iraq, with an estimated completion date of March 3, 2023. Amentum was created by the sale of AECOM's Management Services business to affiliates of Lindsay Goldberg and American Securities […]
US Removes some Iraqi Entities from Sanctions List
By John Lee. The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has deleted the following Iraq-related entities from its Specially Designated Nationals (SDN) list: MIDCO FINANCE S.A. (a.k.a. MIDCO FINANCIAL S.A.; a.k.a. MONTANA MANAGEMENT INC.), 57 Rue du Rhone, Geneva CH-1204, Switzerland; Panama; US FEIN CH-660-0-469-982-0 (United States); Switzerland [IRAQ2]. MIDCO […]
Iraq's Tech Ecosystem "offers Bright Spot"
By Hassan Jivraj 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's tech ecosystem offers bright spot for private sector Despite numerous regional and country-specific challenges, Iraqi start-ups had a good year. Click here to read the full article.
Iraq Oil Exports for December Flat, but Revenue Down
By John Lee. Iraq's Ministry of Oil has announced preliminary oil exports for December of 103,281,459 barrels, giving an average for the month of 3.332 million barrels per day (bpd), almost equal the 3.329 million bpd exported in November. The exports from the oilfields in central and southern Iraq amounted to approximately 100,735,151 barrels, while […]
$1.4m for Flood Defences in Erbil
KRG Prime Minister Masrour Barzani has approved the allocation of 1.985 billion Iraqi dinars [$1.36 million] to help reduce the impact of floods in the village of Grdjotiar near Erbil. This amount will be implemented in stages on the investment budget of the Ministry of Agriculture and Water Resources. (Source: KRG)
Georgia to open Consulate in Erbil
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraqi economic capital engulfed in trash, suffers from dilapidated electricity Georgian government plans to open an honorary consulate in Erbil in the near future to strengthen cultural and economic ties between Tbilisi and Erbil, […]
Iran "moves to Consolidate Grip on Iraq's Oil Sector"
By Simon Watkins for the OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iran Moves To Consolidate Its Grip On Iraq's Oil Sector Iran has long held enormous political, economic, and military sway over neighbouring Iraq through its various military and political proxies, […]