Iran's Dilemma in Managing Shiite Conflicts in Iraq
By Firas Elias 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. Iran's Dilemma in Managing Shiite Conflicts in Iraq Iran has recently adopted a more hands-off approach in Iraqi politics, hoping that the internal fractures will […]
New Gym to open at Baghdad Int'l Airport
By John Lee. Wolf Gyms and Al Burhan Group (ABG) have announced a joint venture to operate a 600-sq-meter, state-of-the-art gym and fitness facility at Baghdad International Airport (BIAP), which is open for members. The fitness center's soft opening is on the 14th October, with a full opening a month after. Wolf Gyms, which currently […]
New Jaguar Land Rover facility in Baghdad
By John Lee. Sardar Trading Agencies, the official distributor of Jaguar Land Rover in Iraq, has opened a new $12-million Jaguar Land Rover facility in Baghdad's Al Mansour district. According to a report from Iraq Britain Business Council (IBBC), the facility is a one-stop shop built on 6,000m² of land with a total build area […]
Webinar: Start-Ups Investment Awareness
Iraqi private sector development company Kapita is running a Zoom webinar on "Startups Investment Awareness". The webinar will focus on investing for startup companies and the Iraqi Angel Investors Network (IAIN). Please click here to register. (Source: Kapita)
Chevening Scholarships open for Applications
The UK's Chevening Scholarships programme is open for applications until 1st November 2022, at 12:00 (GMT). Chevening is the UK government's international scholarships programme. Funded by the Foreign, Commonwealth and Development Office and partner organisations, we offer awards to study in the UK for one year on a fully funded master's degree course. Successful Chevening […]
Iraq's commitment to OPEC Oil Reduction won't affect Exports
By Hassan Al-Saeed 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 commitment to OPEC oil reduction won't affect exports Iraq's oil reduction per the recent OPEC+ agreement will not affect the country's revenues, according to Iraq's oil minister. Click […]
Hanwha "Abandons" $10bn Bismayah Project
By John Lee. South Korea's Hanwha Engineering & Construction has reportedly abandoned construction at the giant Bismayah New City housing project near Baghdad. According to Korea Economic Daily, the decision was made having failed to receive payments for years from the Iraqi government. It says the company expects losses of up to $581 million if […]
Iran to Increase Gas Supplies to Iraq
By John Lee. Iran has said it will increase supplies of gas to Iraq. At a meeting in Isfahan with senior officials of the Iraqi Ministry of Electricity, the Director of the National Iranian Gas Company (NIGC), Mohammad Reza Joulaei, confirmed the increase, adding, "our relationship with Iraq is a strategic relationship." He said that […]
Sixt commences Vehicle Rentals in Iraq
By John Lee. German car rental company SIXT has commenced operations in Iraq. The new facility in Erbil marks the start of a franchise partnership with Muhanad Rental Cars, a Muhanad Group company. According to a statement from the company, this is the first step in an expansion plan that includes SIXT stations at international […]
Foundation Stone laid for Iraq-Jordan Electricity Interconnector
By John Lee. Iraqi Prime Minister Mustafa Al-Kadhimi and the Prime Minister of Jordan, Bisher Al-Khasawneh, have laid the foundation stone for the Iraqi-Jordanian electricity interconnector. Al-Kadhimi said the project will help secure the exchange of energy between the two countries, and reflects the policy of openness and cooperation adopted by this government. On the […]
Greenpeace: "Big Oil's Dirty Secret in Iraq"
For years gas flaring has been out of control in Iraq, as oil majors have made millions of pounds in the country, according to a new report from Greenpeace. It says that some locals fear that pollution from the flaring is contributing to high rates of leukaemia and other cancers among those living in nearby […]
INOC Ruling "Creates New Opportunities in Iraqi Oil"
Writing in Oil Price, Simon Watkins argues that the decision by Iraq's Federal Supreme Court to invalidate the establishment of the Iraqi National Oil Company (INOC) opens the way for new investment from international oil companies (IOCs) into Iraq. Click here to read the full article.