Genel Energy Shares Rise on Full-Year Results
Shares in Genel Energy rose nearly five percent on Wednesday as it announced its audited results for the year ended 31 December 2022. Paul Weir, Chief Executive of Genel, said: "Our production business generated record cash flow in 2022, building our significant financial resources and resulting in a net cash balance at the end of […]
How Attitudes to Iraq have Developed over Years
By John Lee. Gallup has produced a summary of its surveys on Iraq, showing how public opinion has evolved over the years. Access the analysis here. (Source: Gallup)
Iran, Iraq to resume building Shalamcheh-Basra Railway
The Chief Executive of the Islamic Republic of Iran Railways (RAI) has said that Iran and Iraq have agreed to resume the construction operation of the Shalamcheh-Basra Railway and relaunching of the hybrid Tehran-Karbala train. Mi'ad Salehi, the CEO of the Islamic Republic of Iran Railways, in a post on his Twitter account wrote: "In […]
Iraqi Youth find Work in Creative Ways
By Meethak Al-Khatib and 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. With few job openings, Iraqi youth find work in creative ways As Iraq's economy struggles, Al-Monitor spoke to young Iraqis who are making money via video […]
Remaking Iraq: How Iranian-Backed Militias Captured the Country
By Crispin Smith and Michael Knights for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Remaking Iraq: How Iranian-Backed Militias Captured the Country The slow-rolling regime change focused on capturing U.S.-supported institutions and turning them against U.S. […]
Agility awarded $1.65bn in Dispute with Iraq's Korek
By John Lee. The International Court of Arbitration of the International Chamber of Commerce (ICC) has released its findings in the arbitration case between Iraq Telecom Limited, a subsidiary of Kuwait's Agility Public Warehousing Company KSCP, and International Holdings Limited, an affiliate of Agility, as claimants; and Korek Telecom Limited and Sirwan Saber Mustafa Barzani, […]
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 […]