Iraqi Cabinet Pushes Ahead with Real Estate Projects
By John Lee. The Iraqi cabinet has authorizing the Tourism Authority to issue a direct invitation to at least three "robust and specialized" companies for the purpose of investing in two hotel real-estate projects: Najaf Hotel, in Al-Ghadeer District 2/395; Babylon Tourist Hotel in Hilla. (Source: Office of the Prime Minister)
IBBC's Autumn Conference - Open for Business Engagement
IBBC's Autumn conference is back with a bang and open for business engagement. On 22nd November this year the overarching conference topic is looking to the future with 'sustainability'- whether in terms of energy and renewables, the Iraqi economy and its diversification, or sustaining finance, logistics and training. Underpinning much of this is the application […]
Iraq Finalises September Oil Exports
By John Lee. Iraq's Ministry of Oil has announced finalised oil exports for September of 92,422,485 barrels, giving an average for the month of 3.081 million barrels per day (bpd), up slightly from the 3.054 million bpd exported in August. The exports from the oilfields in central and southern Iraq amounted to approximately 89,224,354 barrels, […]
Asiacell Increases Customer Base and Revenues
By John Lee. Mobile phone service Asiacell has reported a healthy increase in its customer base and local-currency revenue. In its results for the first nine months of the year, parent company Ooredoo said: "Asiacell reported revenue of QAR 2.8 billion during 9M 2021, a decrease of 8% mainly due to the devaluation of the […]
Iraq to Invest in Greener Technology
By John Lee. Iraq reportedly plans to invest $3 billion annually to transition from burning liquids to burning natural gas in its power plants. Deputy Prime Minister and Finance Minister, Ali Allawi (pictured), told the Middle East Green Initiative Forum in Saudi Arabia that Iraq will also end gas flaring by 2025. He also recommitted […]
TVS Motor signs Distribution Deal for Iraq
By John Lee. India's TVS Motor Company, which makes motorcycles and three-wheeled vehicles, has signed an agreement to strengthen the company's presence in Iraq. UAE-registered ARATA International FZC, a subsidiary of Oman's Bahwan International Group (BIG), will distribute TVS vehicles in Iraq. The deal was signed by Sheikh Ahmed Bahwan, Chairman of BIG, and Mr […]
Iraq and Iran ease Visa Requirements
By John Lee. Visa requirements have reportedly been eased between Iraq and Iran. Iran's Ambassador to Baghdad, Iraj Masjedi, is quoted as saying that visas are now not required by Iranians arriving in Iraq through Baghdad and Najaf airports, or by Iraqis travelling to Iran. Iranians can stay in Iraq for up to one month, […]
An Urgent Call for Education Reforms in Iraq
Iraq: An Urgent Call for Education Reforms to Ensure Learning for All Children and Boost Human Capital Learning levels in Iraq are among the lowest in the Middle East & North Africa (MENA) region and are likely to decline even further because of the impact the COVID-19 pandemic has had on education service delivery, including […]
Petrofac expects "Significant Upside Potential" on return to Iraq
By John Lee. Oil services company Petrofac has said it is "anticipating significant upside potential upon return to markets in Saudi Arabia, Iraq and the UAE". In 2019, customers in Iraq and Saudi Arabia suspended Petrofac from bidding on new contracts, while allowing it to execute pre-existing contracts, followed by a UAE customer in 2020. […]
Will Iraq take Iran to The Hague over Water?
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraqi ministry proposes taking Iran to The Hague over water Iraq's water ministry has reportedly suggested that Baghdad files a case against Iran with the International Court of Justice in order to guarantee its […]
Housing, Land and Property Rights in Iraq
Housing, Land and Property Rights in Iraq - An Assessment of Progress Towards Durable Solutions in Line with the Pinheiro Principles Since the 1960s, housing, land and property (HLP) challenges faced by the people of Iraq have varied throughout different waves of conflict and displacements. These problems worsened during the period of conflict with the […]
Direct Flights Resume between Iraq and Saudi Arabia
By John Lee. Iraq has reportedly announced the resumption of direct flights with Saudi Arabia. Flights were suspended nearly two years ago because of the COVID-19 crisis. (Source: INA)