Iraq-Saudi Border Crossing Reopens after 30 years
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-Saudi border crossing reopens after 30 years The Arar border crossing linking Iraq and Saudi Arabia has reopened for trade after a 30-year closure, Iraq's border authority said Wednesday. The Saudi-Iraqi border […]
Iraq Pushes Faw Refinery Project
By John Lee. The Iraqi Ministry of Oil has invited international companies to participate in the competition to implement the Faw Refinery Project in Basra. The project will be offered on a BOO (Build, Own, Operate) or BOOT (Build, Own, Operate, Transfer) basis. Oil Minister Ihsan Abdul Jabbar Ismail said the refinery will be environmentally […]
Fmr Australian Exec Arrested over Alleged Iraq Bribery
By John Lee. The Australian Federal Police (AFP) has made one arrest, and issued a further two arrest warrants, following an investigation into alleged improper payments made by Singapore-registered Leighton Offshore Pty Ltd, regarding two contracts with Iraq Crude Oil Export in 2010 and 2011. The Sydney Morning Herald names the arrested suspect as Russell […]
COVID, Low Oil Prices, push Millions of Iraqis into Poverty
COVID-19 and Low Oil Prices Push Millions of Iraqis into Poverty The twin shocks of COVID-19 pandemic and the collapse of oil prices have caused significant economic challenges and pushed millions of Iraqis into poverty, according to the new issue of the World Bank's Iraq Economic Monitor. The new Fall 2020 edition of the Iraq […]
Amnesty: Mass Execution of 21 Individuals "an Outrage"
By Amnesty International. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Mass execution of 21 individuals is an outrage Responding to the execution on Monday of 21 individuals in Iraq, including individuals allegedly affiliated to the Islamic State (IS) and convicted of terror-related charges, […]
KRG to Prioritise Private Enterprise
By Padraig O'Hannelly. A major conference has heard that Iraqi Kurdistan will prioritise a shift towards private enterprise and a more efficient public sector. In his keynote speech to CWC/GFEn's Kurdistan Iraq Economic Forum (KIEF) conference, held online, Kurdistan's Deputy Prime Minister, Qubad Talabani (pictured), said: "We must create an environment to let the private sector […]
More than 16,000 Ghost Workers removed in Kurdistan
By Padraig O'Hannelly. The Kurdistan Regional Government's (KRG) biometric registration program is claimed to have removed more than 16,000 'ghost workers' from the state's payroll. Addressing the CWC/GFEn's Kurdistan Iraq Economic Forum (KIEF) online conference, Kurdistan's Deputy Prime Minister, Qubad Talabani, said: "Building on phase one of our biometric registration program, where every wage-earner was enrolled, […]
Iran, Iraq may Cooperate on Military Helicopters
Commanders Discuss Iran-Iraq Interaction in Helicopter Industry Ranking army generals from Iran and Iraq weighed plans to promote cooperation between the two neighbors in the field of military helicopters. Commander of the Iranian Army Ground Force's Airborne Division General Yousef Qorbani and his Iraqi counterpart General Samir Zaki Hussein met in Tehran on Sunday. The […]
HRW: "No Justice for Enforced Disappearances"
By John Lee. Iraqi authorities should fulfill a commitment to locate victims of enforced disappearance and ensure that those responsible are held accountable, Human Rights Watch (HRW) said on Monday. Since taking office in May 2020, Prime Minister Mustafa Al-Kadhimi announced that his government was creating a new mechanism to locate victims of enforced disappearances, […]
Int'l Financial Alliance forms to Help Iraq
By Salam Zidane for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. International financial alliance forms to help Iraq Several countries are forming an economic alliance to help Iraq in its financial crisis. Click here to read the full story.
Ummet Al Salam wins $920k Contract in Diyala
By John Lee. Ummet Al Salam Co. Ltd. for General Trading & Contracting has won two contracts with the United Nations Office for Project Services (UNOPS): Rehabilitation of Internal Roads in in Al Khaless in Al Mansouriah District, Diyala Governorate. Contract worth $680,000; Supply and installation solar street lights in in Al Khaless in Al […]
Iraq Reparations to Kuwait Extended to 2022
By John Lee. The United Nations Compensation Commission (UNCC), which was established to pay compensation for losses and damage as a direct result of Iraq's unlawful invasion of Kuwait in 1990, has made available $230 million to the Government of Kuwait towards the Commission's remaining claim with an outstanding award balance. With this payment, the […]