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 […]
Iraqi ride-hailing App "raises $10.5m"
By John Lee. A ride-hailing app that was launched in Baghdad last month has reportedly closed the largest seed round in the tech history of Iraq. According to Wamda, Baly is backed by Germany's Rocket internet, and raised $10.5 million from Kingsway Capital, MSA Capital, Global Founders Capital, Vostok Ventures, Majid Al Futtaim and March […]
Netherlands contributes another EUR 5m to Iraq
The United Nations Development Programme (UNDP) in Iraq welcomes a EUR 5 million (US$ 5.63 million) contribution from Government of the Kingdom of the Netherlands to UNDP's Funding Facility for Stabilization (FFS), which finances fast-track initiatives to stabilize areas liberated from the Islamic State of Iraq and the Levant (ISIL). This new commitment brings the […]
Iran, Iraq exchange accusations over Water Flow
By Muhammad Jawad Adib for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iran, Iraq exchange accusations over water flow Iraq is planning to complain to the International Court of Justice about the drop in water flow from Iran. Click here […]
UNDP Welcomes Romania as FFS's 30th Funding Partner
The United Nations Development Programme (UNDP) in Iraq welcomes a EUR 50,000 (US$ 56,609) contribution from the Government of Romania to UNDP's Funding Facility for Stabilization (FFS), which implements fast-track initiatives to stabilize areas liberated from the Islamic State of Iraq and the Levant (ISIL). Romania's first contribution makes it the 30th partner to fund […]