Cabinet allocates $24m for Reconstruction in Najaf
By John Lee. The Cabinet held its regular meeting on Tuesday, under the chairmanship by Prime Minister Mustafa Al-Kadhimi. In the presence of the Governor of Najaf, Mr. Majid Al-Waeli, the Cabinet agreed a number of measures to improve public services in Najaf: Construction of a second bridge in the Abbasid district Completion of Ya […]
New Report on the Iraqi Online Shopping Sector
Online Shopping: A Glimpse Into The Iraqi Customer Shopping Behavior The World Trade Organization (WTO) defines e-commerce as "the production, distribution, marketing, sales or delivery of goods and services by electronic means". Currently, 75% of the Iraqi population has access to the internet, and 61.4% of them are on social media platforms. The internet made […]
China "Tightens its Grip on Iraq" with 3 Major Oil Deals
Writing in Oil Price, Simon Watkins says that China has continued to press home the geopolitical advantage given to it in Iraq following the official end of the U.S.'s 'combat mission' in the country with the conclusion of three huge deals, all focused on the oil sector. Click here to read the full article.
Will a Sadrist-led Govt improve Iraq-Turkey relations?
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 Sadrist-led government improve Iraq-Turkey relations? Shiite leader Muqtada Al-Sadr is likely to form a "national majority" government after his political movement won 73 of the Iraqi parliament's 329 seats in the […]
Iraq Oil Export Qty Falls in January, but Revenues Up
By John Lee. Iraq's Ministry of Oil has announced preliminary oil exports for January of 99,286,078 barrels, giving an average for the month of 3.203 million barrels per day (bpd), down from the 3.277 million bpd exported in December. The exports from the oilfields in central and southern Iraq amounted to approximately 96,430,596 barrels, while […]
Former CEO of GKP Jailed for Tax Evasion
By John Lee. A US court has sentenced the former CEO of Gulf Keystone Petroleum (GKP) to five years in prison for tax evasion. According to a statement from the US Department of Justice, Todd Kozel used offshore structures, trusts, and bank accounts to conceal a portion of his undeclared income from the U.S. government. […]
Sagman Wins another Housing Contract in Iraq
By John Lee. SAGMAN Company for Construction and Contracting Ltd has won a new contract with the United Nations Secretariat in Iraq. The $193,116 deal is for the construction of 15 core housing units in Sinjar (Tel Qasab Complex) District, in Ninewa Governorate. In November, the company was awarded a a contract for the construction […]
Sadr Committed to forming Iraq's first Majority Govt
By Al Monitor staff. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Sadr committed to forming Iraq's first majority government The Coordination Framework, comprised of several Shiite parties is seeking a national unity coalition modeled on previous governments, while Sadr whose bloc won […]
Iraq-Jordan Oil Pipeline: Financially Costly, Contractually Complex
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq-Jordan Oil Pipeline -- Financially Costly, Contractually Complex Since 1983 the Basra-Aqaba, or Iraq-Jordan, oil pipeline (IJOP) has been on and off the screen of the bilateral relation between the two countries. […]
Iraq and Saudi Arabia to Cooperate in Agriculture
By John Lee. Iraq's Minister of Agriculture, Muhammad Karim Al-Khafaji, and the Saudi Minister of Agriculture, Water and Environment, Abdul Rahman Al-Fadhli, have signed a memorandum of understanding (MoU) promoting cooperation in the areas of agriculture and fisheries. The agreement includes cooperation in a number of fields, including: plant production and plant pest control, support […]
Economic Development and the Future of Iraq's White Paper
By Zeinab Shuker, for the Emirates Policy Center (EPC). Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Economic Development and the Future of the White Paper in Post-Election Iraq In the summer of 2020, the Iraqi government introduced a roadmap and an economic […]
London Sky joins IBBC
Erbil-based travel and tourism operator London Sky is the newest member to join the Iraq Britain Business Council (IBBC). Aso Hussein, General Manager, said: "We are delighted to join the international community that is IBBC and look forward to supporting members in their business and personal travel requirements. We very much believe in the highest […]