Iraq's Kurdistan Region detects first case of Delta Variant
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. Iraq's Kurdistan Region detects first case of Delta Variant Several Middle Eastern governments have instituted measures aimed at mitigating the spread of COVID-19 variants recently. Click here to read the full […]
Nassiriyah Hospital Fire: Arrest Warrants Issued
By John Lee. Authorities in Iraq are facing accusations of negligence following the fire at the al-Hussein coronavirus hospital in Nassiriyah on Monday. Estimates of the death toll range from 60 to over 100, with more than 100 people injured. The fire is believed to have started when sparks from faulty wiring caused an oxygen […]
China to Build New Refinery at Fao
By John Lee. Reuters reports that China's state-owned China National Chemical Engineering Company (CNCEC) is to build a 300,000-bpd oil refinery at the Iraqi port of Fao. (Sources: Reuters, Mehr)
KRG starts 27 Projects over Past Year
The ninth cabinet of the Kurdistan Regional Government (KRG) started 27 multisectoral projects from March 2020 to June 2021, as it reaches the 2nd anniversary since its foundation. The KRG invested $332 million on housing projects, developed a $250 million wheat marketing project, distributed $2.56 billion worth of business licenses, and completed the MED Steel […]
Enhancing Agricultural Development will Facilitate Accession to WTO
Enhancing agricultural development will facilitate Iraq's accession to WTO A workshop on "WTO Accession and Agriculture" was organised from 4th to 7th July 2021 in Baghdad. Agricultural development consistent with WTO standards needs enhancement in Iraq for facilitating the negotiations leading to the accession process. The workshop provided a comprehensive overview of the agriculture sector […]
Talabani Family Feud at Center of PUK Power Struggle
By Amberin Zaman for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Talabani family feud at center of power struggle in Iraqi Kurdistan party The apparent takeover of the Iraqi Patriotic Union of Kurdistan party by Bafel Talabani is more family […]
IOC's Strategic Positioning in Iraqi Upstream Petroleum
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. IOC's Strategic Positioning in Iraq Upstream Petroleum Much talk have been circulating recently on "Big Oil" abandoning Iraq upstream petroleum projects after they rushed into the country many years ago. How much […]
ShaMaran Increases Stake in Sarsang Contract
By John Lee. ShaMaran Petroleum has announced that it has signed an agreement with a subsidiary of French major TotalEnergies S.E. to acquire its affiliate (TEPKRI Sarsang A/S) holding an 18% non-operated participating interest in the Sarsang Production Sharing Contract in the Kurdistan Region of Iraq for an initial consideration of USD 155 million plus […]
Work Starts on £340m Erbil Steel Factory
By John Lee. Construction has reportedly begun on a $340-million steel factory in Erbil. According to Kurdistan24, the plant will produce 750,000 tons of steel annually, some of which will be produced from scrap. It is expected to open in February 2022. More here. (Source: Kurdistan24)
Discussions Continue on Iraq's Accession to WTO
By John Lee. Iraq's Permanent Representative to the United Nations in Geneva, Ambassador Abdul Kareem Hashem Mustafa, met at the headquarters of the , the Deputy Director-General of the World Trade Organization (WTO), Chinese Ambassador Zhang Xiang Chen, at the WTO headquarters. The two sides discussed the importance of completing the technical documents required for […]
Oxfam Supports New Agribusinesses in Iraq
From Oxfam's Iraq Response Innovation Lab: Iraq Response Innovation Lab recently supported 5 innovative projects in the agricultural sector to launch. These 5 projects were all incubated for 10 months and received trainings on Business Models, Business Plans, Budgeting alongside technical training. The incubation started with 60 applications received online. The first phase of the […]
Innovative Projects Launched in Karbala
Three innovative projects focusing on environmental sustainability, jobs for unemployed youth and digitization of the public sector have today been launched by the United Nations Development Programme (UNDP) in Iraq in partnership with the Governorate of Karbala. The project launches reaffirm UNDP Iraq's commitment to supporting communities in Karbala, and included: Job Matching for Karbala […]