Coronavirus: Iraq Seeks More Aid From the US
By John Lee. Iraq is reportedly seeking financial assistance from the United States to help it deal with the coronavirus pandemic and collapsing oil revenues. Bloomberg quotes Health Minister-designate Jaafar Allawi as saying: "We have been promised by the United States government as part of this strategy between Iraq and United States to help us […]
Japan gives more Development Support to Iraq
The Government of Japan is supporting the International Organization for Migration (IOM) in Iraq's continued efforts to leverage the security-development nexus in Iraq, providing IOM with a further USD 3.63 million in funding for 2020-21. Iraq is grappling with the cumulative effects of past conflicts on its development, which has left the country vulnerable to […]
Protesters return to Tahrir Square, denounce PM-Designate
From Middle East Monitor, under a Creative Commons licence. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraqi protesters gathered in Tahrir Square in the capital Baghdad after the government scaled back some of its anti-coronavirus measures during the month of Ramadan, Anadolu Agency reported […]
Back to the Future on US-Iraq Strategic Dialogue
By Adnan Abu Zeed for Al-Monitor. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Back to the future on US-Iraq strategic dialogue It looks like Baghdad and Washington will try once again to settle their differences over the presence of US troops in Iraq. Both sides […]
IBBC Tech Forum hold Fintech Video Conference
The Iraq Britain Business Council (IBBC) held a well attended video conference on the subject of 'The Adoption of Fintech and Online Safety and its impact on the Iraqi Economy', for members and a wider audience of Tech specialists in UK and Iraq. The key speakers included: Hugo Rousseau - Program manager for Fintech at […]
Investment Opportunity: Commercial Site in Bismayah City
By John Lee. Iraq's National Investment Commission (NIC) has announced an investment opportunity for the construction of a commercial site in Bismayah City: According to investment law no. 13 for the year 2006 as amended and its regulations, NIC is pleased to announce the investment opportunity of Constructing a commercial Site in Bismayah City - […]
Oil Ministry Finalises Export Figures for March
By John Lee. Iraq's Ministry of Oil has announced final oil exports for March of 105,118,523 barrels, giving an average for the month of 3.390 million barrels per day (bpd), essentially the same as the 3.391 million bpd exported in February. These exports from the oilfields in central and southern Iraq amounted to 101,392,918 barrels, […]
Intelyse arranges COVID-19 Repatriation Flights
By John Lee. Intelyse, a Sicuro Group company, has said it has successfully repatriated over 150 Iraqi citizens to Baghdad in time for the Islamic holy month of Ramadan, in addition to repatriating more than 80 British and EU citizens from Iraq to UK. The direct flight to Baghdad departed London Stanstead on 23 April […]
US Renews Waiver for Iraq to Import Electricity from Iran
By John Lee. Washington has renewed a waiver for Iraq to continue importing Iranian electricity, a US State Department official said. "The Secretary granted this brief extension of the waiver to allow time for the formation of a credible government," the official said, referring to US Secretary of State Mike Pompeo, and added that the […]
Iran's Non-Oil Exports to Iraq Increase
By John Lee. Iran's non-oil exports to Iraq are reported to have increased by 0.7 percent. For the Iranian calendar year 1398 (ended on March 19), non-oil export to Iraq hit $8.9 billion, according to a deputy with the country's Trade Promotion Organization (TPO). Tehran Times reports that medicines and medical equipment, plastic products, ceramic […]
Baghdad "Halts Payments to KRG"
By John Lee. Baghdad is said to have stopped payments to the Kurdistan Regional Government (KRG). Writing for Argus Media, Rowena Edwards says central government will also seek to recover payments made since the start of the year, in the absence of KRG transfers of crude oil, which were part of the as-yet-unsigned 2020 budget. […]
Coronavirus causes Staffing Problems for Lukoil in Iraq
By John Lee. Lukoil is reportedly having difficulties staffing its operations in Iraq due to coronavirus and associated restrictions. Interfax cited chief executive Vagit Alekperov (pictured) was quoted as saying that the company has a problem with replacing shift workers, adding, "We are reaching deals with people to keep them on for shifts that are […]