Iraq Oil Revenue of $8.2bn in November
By John Lee. Iraq's Ministry of Oil has announced preliminary oil exports for November of 99,867,946 barrels, giving an average for the month of 3.329 million barrels per day (bpd), up from the 3.282 million bpd exported in October. The exports from the oilfields in central and southern Iraq amounted to approximately 97,204,696 barrels, while […]
Iraq Trade Forum connecting Small Businesses
First Iraq National Trade Forum connects small businesses to growth opportunities As the country works to recover from an economic crisis, Iraq's agriculture and agri-food sectors have the potential to contribute to much-needed economic growth and diversification, job creation and enhanced sustainability and resilience - under the right conditions. This was the message from public […]
Iraq's Gas Debts to Iran Cleared: Minister
Iraq's outstanding debts for the purchase of natural gas from Iran have been paid off, Iranian Oil Minister Javad Owji (pictured) said. Speaking to reporters on the sidelines of a weekly cabinet meeting on Wednesday, Owji said Iraq's outstanding debts for the purchase of gas from Iran during the previous and current Iranian year have […]
$125m in Stolen Tax Runds Recovered
By John Lee. Iraqi Prime Minister Mohammed Shia al-Sudani has announced that 183 billion Iraqi dinars (approx. $125 million) of the $2.5 billion stolen from the bank account of the tax authorities has been recovered. He said that businessman Noor Zuhair Jassim had admitted receiving about $1 billion of the funds, and that arrangement were […]
New KRG Law of Electronic Signatures and Transactions
Prime Minister Masrour Barzani's statement on the passage of the Law of Electronic Signatures and Transactions: I strongly welcome the Kurdistan Parliament's passage of the amended 'Electronic Signatures and Transactions' federal bill today. The passage of this important piece of legislation - a collaborative effort across the whole of government with support of global best […]
Iran's Oil Ministry Opens Representative Office in Baghdad
By John Lee. Iran's Ministry of Petroleum has reportedly opened a representative office in Baghdad. A representative of Iran's Ministry of Petroleum was quoted as saying that the office was opened to promote cooperation and synergy, and particularly joint projects between Baghdad and Tehran in the fields of oil, gas, and energy. He added that […]
More than 250,000 people in Najaf get Safe Drinking Water
UNICEF, funded by Germany, ensures access to safe drinking water to more than 250,000 people in Al Najaf Governorate UNICEF and the German Embassy handed over a water project funded by Germany, to the Governorate of Al Najaf. This project will secure safe and clean drinking water benefitting more than 250,000 people in south Al […]
Saving Iraqi Sovereignty: Iran, Turkey and a Fractured Homeland
By Bilal Wahab 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. Saving Iraqi Sovereignty: Iran, Turkey and a Fractured Homeland The hostile and corrupt forces arrayed behind him might ease their anti-American activities just to reassert […]
Changing Population Patterns "will Reshape the Middle East"
By Patrick Clawson 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. Changing Population Patterns Will Reshape the Middle East Iraq is expected to explode in population, presumably increasing in geostrategic importance in the process. Click here […]
UN Awards New Contracts in Iraq
By John Lee. The United Nations (UN) has awarded several Iraq-related contracts recently: United Nations Secretariat: Development of Side Walkways for Streets in AlAsry Neighborhood-Baiji District, Salahddin Governorate: Granted to Aswar Al-Hadhaba General Trading, Contracting and Transportation Ltd. Contract value $97,100; United Nations Secretariat: Rehabilitation Al-Qosh Youth Center building in Al-Qosh Sub-District, Ninewa Governorate: Granted […]
Contract Awarded for Assessment of Iraq's Social Security Laws
By John Lee. Irish-based consultancy AARC has won a contract with the International Labour Organization (ILO) for the "Institutional Assessment of the Capacity to Implement the draft Social Security Laws for Workers in the Private Sector in Iraq." The contract value was not specified. AARC is also involved in Iraq's e-government project. (Source: UNGM)
IBBC Spring Conference planned for 16th June 2023
From the Iraq Britain Business Council (IBBC): The IBBC Spring conference will take place in the City of London's Mansion House, at the core of the UK's and the international financial services industry. Previous Spring conferences at The Mansion House have been very well attended with strong delegations of Iraqi Government officials, both from Baghdad […]