Iran "Suspends" Export of Electricity to Iraq
By John Lee. Iraq's Electricity Minister has reportedly said that Iran has suspended exports of electricity to Iraq on Tuesday. According to Basnews, the decision is due to reduced water levels feeding hydro-electric plants in Iran. Iraq had just received a waiver from the US allowing it to continue importing electricity from Iran. (Source: Basnews)
Businesses Selected for Kapita's ScaleUp Academy
By John Lee. Nine business start-ups have been chosen as the second cohort of Kapita's ScaleUp Academy: Zuqaq Eduba Orderii Mishwar Hili ENKI ServicePoint Dentmart 3asal Shop After graduating at the end of the training program in September, they will present their pitches to the KAPITA Seed Fund and Iraq Angel Investors Network. (Source: Kapita)
Conference on Investment in Basra
By John Lee. The First International Conference for Investment has been held in Basra, in the presence and participation of the Chairwoman of the National Investment Commission (NIC), Suha Dawood Najar [Suha Dawud Elias Al-Najjar], under the slogan (For Basra, where the future is made). In her speech at the opening of the conference, she […]
Iraqi Airways starts Baghdad-Abu Dhabi Route
By John Lee. Iraqi Airways has started flights between Baghdad International Airport (BIAP) and Abu Dhabi International Airport (AUH). Initially flying on Saturdays, the company plans to also add a Tuesday flight, using a Boeing 737-800 aircraft. (Source: Zawya)
Basra Gateway Terminal achieves New Milestone
By John Lee. Basra Gateway Terminal (BGT) has announced that it has recently handled its three millionth TEU (twenty-foot equivalent unit shipping container). The milestone was achieved during the handling of Evergreen's Ever Uranus and coincided with BGT's seventh year of operations. Basra Gateway Terminal (BGT) is a subsidiary of International Container Terminal Services (ICTSI), which is […]
New Report on Iraqi Education Sector
This report provides an overview of the Iraqi education system while following its structure starting with pre-school then the mandatory primary education which involves 6 years of schooling, followed by secondary education consisting of an intermediate level (3 years) and a preparatory level (3 years). Preparatory education has an academic stream with two tracks, literary […]
Iraq gets New Waiver to Import Iranian Electricity
By John Lee. The US State Department has reportedly granted a new sanctions waiver allowing Iraq to continue importing electricity from Iran for another 120 days. More here. (Source: S&P Global)
Iraq said to be Negotiating IMF Loan
By John Lee. Iraq has reportedly restarted talks with the International Monetary Fund (IMF) for a $4-billion loan to cover its budget deficit. More here. (Sources: Bloomberg, Arab News)
Iraq, the US, and the "New" Middle East
By Anthony H. Cordesman, for the Center for Strategic and International Studies (CSIS). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq, the United States, and the "New" Middle East The U.S. "long war" in Afghanistan may be ending, although it is far from […]
Contract Awarded for supply of Laptops
By John Lee. Baghdad-based Albilad Alhurra Company has won a contract with the United Nations Office for Project Services (UNOPS) for the supply of laptops. The contract is valued at $171,600. Albilad Alhurra is a joint venture between Habtoor Leighton Group, Kuwait Construction Company and M + W Group. (Source: UNGM)
Atlantic Council: A Conversation with Iraqi Finance Minister
By Hezha Barzani, for the Atlantic Council. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Event Recap: A conversation with Iraqi Deputy Prime Minister and Finance Minister Ali Allawi The Atlantic Council's Iraq Initiative recently hosted an event with His Excellency Ali Allawi, […]
Ranj Alaaldin: "Treat Iraq's Iran-aligned militias like ISIS"
By Ranj Alaaldin, for The Brookings Institution. The opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Treat Iraq's Iran-aligned militias like ISIS The necessity of defeating ISIS cannot be overstated, but one of the more understated enablers of the group's preeminence is the continued dominance […]