President to pick New PM if Deadlock drags on
Iraqi president says will pick new PM if deadlock drags on Iraqi President Barham Salih (pictured) said on Wednesday that he would choose an interim prime minister if political parties failed to name a replacement for Adel Abdul Mahdi by 1st February Reuters reports that the deadline set by President Salih is the latest sign […]
Iraq to Evacuate Citizens from Wuhan, China
By John Lee. Following the spread of coronavirus in China, the Iraqi government has provided a special Iraqi Airways airplane with medical staff to evacuate students and the community residing in Wuhan, China, to Baghdad. Foreign Minister Alhakim has directed the Embassy of the Republic of Iraq to China to form an operations room headed […]
EU Airlines can Return to Parts of Iranian and Iraqi Airspace
By John Lee. The EU Aviation Safety Agency (EASA) said on Wednesday that European airlines can return to parts of Iranian and Iraqi airspace. In a statement, it advised: "The Integrated EU Aviation Security Risk Assessment Group met on 28/01/2020 to assess the most recent information related to the safety and security of commercial air […]
Iraq "Well Positioned" to Service its Debts
By John Lee. Iraq is well positioned to service its debt obligations, according to an article in Australia's Investor Daily. Responding to the question "what’s your view on bonds issued by Iraq’s government?", Mark Baker writes: "Iraq is a net external creditor, meaning its external assets are greater than its external liabilities. That means the […]
US "Builds New Bases" in Iraq, near Iran
From Breaking Defense. Contrary to declarations made by President Donald Trump, the U.S is not withdrawing forces from Iraq, but is building at least three semi-permanent new bases very close to the Iranian border in northern Iraq, Israeli sources tell Breaking Defense. Click here to read the full story. (Picture: Balad Air Base, September 2011)
Protests: Is a Political Solution on the Horizon?
By Ali Mamouri for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. As Iraq's protests continue, is political solution on the horizon? Iraq's current situation has come to resemble a tangled ball of yarn, with new complications and complexities arising daily. While the protesters […]
Investment Opportunity: Hunting-Rifle Cartridges
The State Company for Military Industries (SCMI), under the authority of Ministry of Industry and Minerals, has invited investors to participate in the following investment opportunity: Transfer of Technology (TOT) and lndustry for hunting-rifle cartridges (Ga 12,16,20). Interested companies can obtain all the documents and tender conditions from the commercial department in the head office […]
Oil Production Resumes at Al Ahdab
By John Lee. The Al-Ahdab oil field has reportedly resumed production, having been off-line for about a week due to protests by security guards. The 70,000-bpd field is developed by China’s CNPC. (Source: Bloomberg)
Euro Ambassadors Condemn State Violence in Iraq
The Ambassadors of Canada, Croatia, Czech Republic, Finland, France, Germany, Hungary, Italy, the Netherlands, Norway, Poland, Romania, Spain, Sweden, the United Kingdom and the United States condemn the excessive and lethal use of force by Iraqi security forces and armed groups since 24 January against peaceful protestors, including in Baghdad, Nasiriya and Basra. Despite assurances […]
France Supports Explosive Hazard Management in Iraq
The United Nations Mine Action Service (UNMAS) has welcomed an additional contribution of EUR 600,000 (approximately USD 670,000) from the Government of France dedicated to explosive hazard management activities that aim at enabling returns in retaken areas of Iraq. The presence of explosive hazards, including improvised explosive devices in areas retaken from the Islamic State […]
Trump "Would Support" Siemens in Iraq
By John Lee. The CEO of Germany's Siemens has said that US President Donald Trump would support his company's role in reconstruction projects in countries like Iraq. Joe Kaeser (pictured) made the comment to CNBC at the World Economic Forum (WEF) in Davos, Switzerland. Following a hotly-contested competition in 2018, it was agreed that Siemens […]
Govt Finance Schemes to Support SMEs, Innovation
Iraqi government’s finance schemes to support SMEs and business innovation To support small and medium private-sector projects, the Iraqi government, through the Central Bank of Iraq (CBI) and with the participation of a number of private and state-owned banks, has made available several types of loans. The loans are available to all Iraqis. According to […]