World Bank to fund Iraq Education Initiatives
By John Lee. The Cabinet held its weekly meeting on Tuesday under the chairmanship of Prime Minister Mustafa Al-Kadhimi. Following discussions, the Cabinet authorised the Ministry of Finance to sign two grant agreements with the World Bank: the first, to support higher education in Iraq in the amount of 5 million dollars aimed at improving […]
Iraq to Re-Open Embassy in Vietnam
By John Lee. Iraq's Cabinet has approved the recommendation of the Ministry of Finance to re-open its embassy in the Republic of Vietnam. It's decision was made providing it does not lead to an increase in the total number of diplomatic staff. The representation will be resident, as it had been previously. (Source: Govt of […]
Iraq's Economic Update -- April 2022
Iraq's economy is gradually recovering from the twin shocks of the pandemic and collapse in oil prices in 2020. Both oil and non-oil growth are on track to reach their pre-pandemic levels as oil production increases and the easing of COVID-19 restrictions restores domestic economic activity. Fiscal and external deficits are back to surpluses as […]
Will Boycott of Iranian Goods help or harm Iraq?
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Will a boycott of Iranian goods help or harm Iraq's economy? Iraq has a robust trading relationship with Iran that was worth $12 billion in 2020. The two countries have plans to increase […]
TAG.Global signs Agreement with Al Manar
By John Lee. Jordan-based Talal Abu-Ghazaleh Global Digital Academy (TAG.Global Digital Academy), a member of Talal Abu-Ghazaleh Global (TAG.Global), has signed an agreement with the Iraqi Al Manar Human Resources Training and Consulting Company to cooperate in preparing and implementing face-to-face capacity-building programs, as well as remote digital training programs, in addition to implementing training […]
Iraqi Working Group to coordinate with Iran on Gas Supply
By John Lee Iraqi Prime Minister Mustafa al-Kadhimi has ordered that a working team from the Ministry of Electricity travel to Iran to solve problems related to the supplying of gas. At a meeting with the Electricity Ministry and senior officials on Sunday, there was discussion about the high electricity demand in summer, and how […]
Iraq-Jordan Pipeline Decision Delayed Again
By John Lee. Iraq's oil ministry has said that future of the long-delayed oil export pipeline from Iraq to the Jordanian port of Aqaba will be decided by the next government. The country has still not formed a new government following parliamentary elections in October. At a press conference at the weekend, the Ministry of […]
DNO releases latest Production Data
By John Lee. DNO has issued an update on production and sales volumes for the quarter as well as other key financial information. Volumes (boepd): Gross operated production Q1 2022 Q4 2021 Q1 2021 Kurdistan 106,465 107,472 111,985 North Sea - - - Net entitlement production Q1 2022 Q4 2021 Q1 2021 […]
US issues Report on Human Rights in Iraq
By John Lee. The US State Department has issued its annual Country Report on Human Rights Practices in Iraq. The reports cover internationally recognized individual, civil, political, and worker rights, as set forth in the Universal Declaration of Human Rights and other international agreements. Click here to download the full report. (Source: US Department of […]
Meeting to discuss Development of Kadhimiya
By John Lee. The Secretary-General of the Council of Ministers has chaired a meeting on the development the holy city of Kadhimiya, a suburb of Baghdad, which is described as "a destination for official delegations and visitors from all over the world." Dr. Hamid Naim Al-Ghazi emphasised the prioritization of projects, such as multi-storey garages, […]
Moonline Travel signs Partnership Agreement with FCM
By John Lee. UK-based business travel management company FCM has signed a partnership agreement with Sulaymaniya-based Moonline Travel & Trade Ltd. According to FCM's Managing Director of Middle East and Africa, Ciarán Kelly, this partnership is critical to FCM's local service delivery and market share growth strategies for the wider region: "Choosing to expand FCM's […]
Renewed Commitment to Investigating Financial Dimensions of ISIL Crimes
UNITAD, Iraq and Germany Renew Commitment to Investigating the Financial Dimensions of ISIL International Crimes in Iraq The United Nations Investigative Team to promote accountability for crimes committed by Daesh/ISIL (UNITAD) joined by the Embassy of Iraq to Germany and the German Federal Foreign Office co-hosted a special event on Investigating Financial Dimensions of War […]