Iraqi Cabinet Approves Basra-Shalamcheh Rail Link
By John Lee. The Iraqi Cabinet has approved the construction of the new railway between Basra and Shalamcheh [Shalamijah, Shalamjah], on the Iranian border. The line forms the Iraqi leg of the rail link between Basra and the Iranian city of Khoramshahr. According to previous information from the Iranian Tasnim news agency, the $150-million project […]
Video: IBBC's fourth Member Introduction Session
From the Iraq Britain Business Council (IBBC): With four participants including Padraig O'Hannelly from Iraq Business News (IBN) who provides an overview of what's been happening in Iraq especially the price of oil and the benefit of simpler visa system: Wajdi AbouIzzeddine, Director of Operations (Iraq) of the DAR Group Amar Raouf, Director of Development […]
COVID-19: Iraq Suspends Flights with India
By John Lee. The Iraq Civil Aviation Authority (ICAA) has reportedly suspended all direct flights from and to India, due to concerns over COVID-19 (coronavirus). Shafaq reports that the Indian variant of the disease has been found in Dhi Qar province. (Sources: Bas News, Shafaq)
IBBC launches New Paper on Corruption in Iraq
Iraq Britain Business Council (IBBC) seminar to launch Professor Frank Gunter's publication on Corruption in Iraq: Corruption Worse Than ISIS: Causes and Cures for Iraqi Corruption In a well-attended online seminar, with leading International and Iraqi businesses, Embassy officials and media, Professor Frank Gunter outlined some of the key points in his paper on Corruption in […]
Why is the Biden administration Optimistic about Iraq?
By Diyari Salih, for Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Why is the Biden administration Optimistic about Iraq? Earlier this month, the United States and Iraq engaged in a third round of their "strategic dialogue." Topics of discussion included energy, […]
Foreign Engineers Detained "in Solitary Confinement" in Iraq
By John Lee. An Australian engineer and his Egyptian manager have reportedly been held without charge, and in solitary confinement, in Iraq for the past three weeks. Robert Pether, who lives in Ireland, is said to have been called to Iraq to discuss a dispute between his employer, UAE-based EKO Engineering Arabia, and the company's […]
Dana Gas Resumes $600m Expansion in Iraq
Dana Gas and its partner Crescent Petroleum have announced the full resumption of the expansion project at the Khor Mor field in the Kurdistan Region of Iraq (KRI), which the companies jointly operate on behalf of the Pearl Petroleum consortium. The KM250 expansion involves further investment of US$600 million to add 250 million cubic feet […]
KAPITA launches New Co-Working Space in Baghdad
KAPITA launches a new co-working space in Baghdad dedicated to supporting Iraqi entrepreneurs KAPITA, in partnership with Iraqi Angel Investor Jafar Musawi (CEO of Atlas Plast), have opened up a new co-working space in Baghdad that aims to support the growing entrepreneurship and small business sector in Iraq. The newly opened space 'CoWork', is a […]
Flights resume between Iraq and Belarus
By John Lee. Flights are reportedly resuming between Iraq and Belarus, following a suspension due to COVID-19. According to Shafaq, Iraqi Airways will operate one flight per week between Baghdad and Minsk. Meanwhile, Belta reports that Fly Baghdad will serve the same route on Mondays and Thursdays. (Sources: Belta, Shafaq)
Iraq in Talks to build Nuclear Reactors
By John Lee. Iraq is reportedly in talks with Russia, France and the United States regarding the construction of three civil nuclear reactors. According to The New Arab, the Head of the Iraqi Radioactive Sources Regulatory Authority (IRSRA) said that several preliminary meetings had been held to study the feasibility of setting up the reactors. […]
Fire Kills 82 at Baghdad Hospital
By John Lee. A fire at a Baghdad hospital treating COVID-19 patients has killed at least 82 people, and left more than 100 injured. The blaze, at the Ibn Khatib Hospital, was caused on Saturday night when an oxygen tank is said to have exploded. Prime Minister Mustafa al-Kadhimi has suspended the Minister of Health, […]
Could Iraq Really Become OPEC's Largest Oil Producer?
Writing in Oil Price, Simon Watkins says that there is "no insurmountable reason" why Iraq could not more than double its oil output to 8 million barrel per day (bpd) by 2029. Click here to read the full story.