Israel "Lifts Ban on Trade with Iraq"
By John Lee. Israel has reportedly lifted a ban on trade with Iraq, despite the fact that the two countries do not have official relations and are technically at war. According to Middle East Monitor, citing Israeli newspaper Maariv, Finance Minister Moshe Kahlon (pictured) signed an official directive on Monday allowing trade with Iraq. Maariv […]
Nechirvan Barzani elected President of KRI, amid Boycott
By John Lee. Kurdistan's regional parliament has reportedly elected Nechirvan Barzani (pictured) as president of the semi-autonomous Kurdistan Region of Iraq. The leader of the Kurdistan Democratic Party (KDP) had been serving as prime minister of the Kurdistan Regional Government (KRG). The vote was boycotted by the Patriotic Union of Kurdistan (PUK) -- the region’s […]
Successful Scheme for Security of Pilgrims in Najaf
Iraqi officials said they have successfully carried out a plan to ensure the security of pilgrims converging on the holy city of Najaf, south of Iraq, to mark the martyrdom anniversary of Imam Ali (PBUH). In a statement on Monday, the central Euphrates operations command said the Iraqi security forces have managed to implement a […]
Investment Opportunity: Bismayah Connecting Road
By John Lee. The National Investment Commission (NIC) has published details of a new investment opportunity in the Roads and Bridges Sector: Design, implement, operate and manage of rehabilitation project to the road connecting entrance No. (5) of Bismayah City with Muhammad Al Qasim Highway The National Investment Commission and the Ministry of Construction, Municipalities […]
Iraq gets Reprieve to continue Buying Iranian Gas
By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. US grants Iraq reprieve to continue buying Iranian gas The United States has decided to grant Iraq a third 90-day sanctions waiver so it can continue to purchase gas from […]
PMU Undermining Fragile Stability in Mosul
By Isadora Gotts for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. PMU economic offices undermine fragile stability in Mosul Escalating tensions between the United States and Iran are spilling over into Iraq as the United States orders the evacuation of all non-emergency […]
Iraq faces Tough Challenge in Developing Potential
Iraq faces a tough challenge in developing its potential Writing in the Financial Times, Nick Butler argues that while the security situation across Iraq is probably better than at any time in the past three decades, success is not preordained. Click here to read the full article (subscription required)
Iraq "to Stand by Iran in Sanctions Era"
Iraqi Foreign Minister Mohammad al-Hakim said his country would stand by the Iranian nation and government in the era of US sanctions against Tehran. Iraq stands with Iran and is willing to act as an intermediary between its neighbor and the United States, Hakim said on Saturday speaking in a press conference with his Iranian […]
Oil Ministry Finalises Export Figures for April
By John Lee. Iraq’s Ministry of Oil has announced final oil exports for April of 103,988,607 barrels, giving an average for the month of 3.466 million barrels per day (bpd), up from the 3.377 million bpd exported in March. These exports from the oilfields in central and southern Iraq amounted to 100,635,009 barrels, while exports […]
UN Security Council extends UNAMI Mandate
In a resounding statement of support for the Government and people of Iraq in the country’s post-conflict recovery, the United Nations Security Council on 21 May 2019 extended the mandate of the UN Assistance Mission for Iraq (UNAMI) for another year, until 31 May 2020. Unanimously adopting resolution 2470 (2019) under Chapter 6 of the […]
Video: Could Iraq be pulled into a US-Iran Conflict?
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Could Iraq be pulled into a conflict between the United States and Iran? The United States is raising the stakes against what it calls threats from Iran. President Donald Trump is sending an […]
US "Grants Iraq Waiver to Buy Iranian Energy"
Washington has exempted Baghdad from some of its unilateral sanctions against Tehran, allowing Iraq to continue importing energy from Iran, according to the US envoy to Baghdad. Baghdad can now buy energy from Iran, US charge d’affaires Joey Hood told reporters on Wednesday, Iran's Press TV reported. The waiver will allow Iraq to continue buying […]