Shvabe starts delivering Medical Equipment to Iraq
By John Lee. Russia's Shvabe Holding has transferred the first batches of infrared heaters and multi-functional inhalation anesthesia devices to distributors in Iraq. The equipment will be used at medical facilities in Baghdad. The Radiant Heat-BONO heater is used as the primary or additional source of heat for newborns during their resuscitation or super-intensive phototherapy […]
Iraq's Bitter Legacy of War Still Lies Hidden Underground
By Jack Losh, for Foreign Policy. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. In Iraq, the Bitter Legacy of War Still Lies Hidden Underground Baghdad can't rebuild its infrastructure and agricultural sector when its land remains littered with thousands of explosive devices. […]
Iraqi Court Rules Against KRG Sales of Oil and Gas
By John Lee. Iraq's Federal Supreme Court has ruled that sales of oil and gas by the Kurdistan Regional Government (KRG), independently of the central government in Baghdad, is unconstitutional. In a statement on Tuesday, the court said that the Oil and Gas Law of the Kurdistan Regional Government, No. (22) of 2007, violated the […]
Asiacell Increases Customer Base and Revenues for FY2021
By John Lee. Mobile phone service Asiacell has reported a healthy increase in its customer base and local-currency revenue. In its results for FY 2021, parent company Ooredoo said: "Asiacell reported revenue of QAR 3.7 billion during 2021, a decrease of 9% mainly due to the devaluation of the Iraqi Dinar by 18%. In local […]
Panel Discussion: Saudi Arabia and Iraq - An Evolving Relationship
From The Brookings Institution. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Saudi Arabia and Iraq: An evolving relationship Saudi Arabia and Iraq have long had a complex relationship, at times vying for positions of leadership in the Arab World and often closely […]
Improving the Lives of 5 Million Children in Iraq
UNICEF and Zain Iraq launch partnership to improve the lives of more than 5 million children in Iraq UNICEF and Zain signed a partnership on Tuesday based on their shared values to support the rights of children in Iraq by adopting joint work plans on several child related areas, including education, health and nutrition, social […]
Iraqi Min of Oil Denies that TotalEnergies Deal is Stalled
By John Lee. Iraq's Ministry of Oil has denied reports that its multi-billion-dollar deal with France's TotalEnergies has stalled amid disputes over terms, and that it risks being scrapped by the next government. On Monday, Reuters cited sources at the Ministry, and other oil industry sources, as saying that the deal was mired in disputes. […]
Al-Rafidain Bank sets Interest Rates
By John Lee. The state-owned Al-Rafidain Bank has announced the following interest rates: and fixed deposits for the citizens' accounts for the year 2022 in an effort to raise the economic and living standard of the citizen. The interest rate for Savings accounts: 4% for one year. Fixed deposit rate: 4.5% for six months; 5% […]
Zebari barred from running for Presidency
By John Lee. An Iraqi court has ruled that Hoshyar Zebari is not eligible to run for the position of President. The former foreign minister, who had been accused by some of corruption, said he respected the judiciary's decision, but described it as an injustice. According to the Iraqi News Agency (INA), there are currently […]
New MPs "must Unite to achieve Genuine Change"
By Hayder Al-Shakeri, for Chatham House. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq's new MPs must unite to achieve genuine change A new generation of independent MPs and parties emerging from the protests in Iraq can reform the country's politics, but only […]
Honeywell to Develop Iraq's Haditha Refinery
By John Lee. At its regular meeting this week the Iraqi Cabinet approved the recommendation of the Ministerial Council for Energy to proceed with the development project at Haditha refinery. The American company Honeywell UOP is to carry out the work on behalf of the North Refineries Company (NRC). Haditha refinery is situated in Anbar […]
KRG PM Barzani meets with German Rail Company
PM Masrour Barzani meets with representative of Deutsche Bahn railway company KRG Prime Minister Masrour Barzani on Thursday met with the representative of the German Deutsche Bahn railway company for Europe and the Middle and Near East. In the meeting, attended by the German Consul General in Erbil, the company's representative briefed the Prime Minister […]