Oman to Reopen Embassy Baghdad
By John Lee. Oman is reportedly planning to reopen its embassy in Baghdad. Not exact date for the reopening has been announced. (Source: Muscat Daily, Middle East Monitor) (Picture: Yusuf bin Alawi bin Abdullah, Omani Minister for Foreign Affairs)
Iraq's Diaspora Returning Home with New Skills
By Padraig O'Hannelly. For much of Iraq's recent history, the trend has been for educated and talented Iraqis to leave the country, and for Iraq to use its oil revenues to import the expertise it needs. But that's changing; to at least some extent, the Iraqi diaspora is returning, innovative home-grown Iraqi businesses are being […]
Video: Can Iraq Rebuild its Economy?
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq is looking to strengthen its economy after decades of war, sanctions, sectarian division and the rise of the Islamic State of Iraq and the Levant (ISIL or ISIS). It has achieved some […]
Kuwait to Fund Reconstruction of Border Crossing
By John Lee. Kuwait will reportedly fund the reconstruction of a major border crossing with Iraq. According to Anadolu Agency, Iraq's Border Crossing Authority said a memorandum of understanding (MoU) has been signed between the two countries to prepare the infrastructure for the crossing at Safwan. (Source: Anadolu Agency)
A whistle-stop Tour of Iraq
By Padraig O'Hannelly. Our friend and former contributor Robert Tollast has been touring Iraq's religious and archeological sites. Writing in Middle East Eye, he says: "Iraq still gives visitors a sense of having a private viewing of some of the world's wonders, such as the 4,000-year-old ruins of Babylon, and the awe-inspiring Holy Shrines of […]
Iraq's Energy Sector: Roadmap to a Brighter Future
Iraq, one of the world's biggest energy producers, can address its current electricity shortfall and growing power needs through immediate action to relieve pressure on the system, according to an in-depth report published Thursday by the International Energy Agency. It also provides a medium-term strategy that makes the best use of the country’s abundant oil […]
Iraq "becomes Energy Investment Hotspot"
By John Lee. According to Miriam Malek, writing for S&P Global Platts, Iraq is again becoming a viable destination for energy investment after the final defeat of Islamic State and the election of a new government revived interest in the region's second-largest oil producer. The US, Qatar, Saudi Arabia and Iran are now vying for […]
The Entrepreneurial Spirit of Iraq's Civil Movement
By Ahmed Tabaqchali, for 1001 Iraqi Thoughts. Iraq's new entrepreneurial generation of civil activists' sense of civic duty flourished during the trauma brought by the ISIS takeover of a third of the country in 2014, and has continued to grow since then as reviewed in a recent report. The report into "A New Generation of […]
US issues New Iraq Security Alert
The U.S. Embassy in Baghdad hasd advised all U.S. citizens of heightened tensions in Iraq and the requirement to remain vigilant. Actions to Take: Do not travel to Iraq Avoid places known as U.S. citizen gathering points. Keep a low profile Be aware of your surroundings Assistance: U.S. Embassy Baghdad Al-Kindi Street, International Zone, Baghdad […]
Restarting Businesses in Fallujah, Kirkuk and Mosul
IOM Iraq’s Enterprise Development Fund (EDF) encourages rapid, large-scale private sector job creation and economic recovery through tailored support to Small and Medium Enterprises (SMEs). The EDF is a financing mechanism that provides SMEs with financial capital to contribute to their recovery and/or expansion. To assess the capacity of the market to absorb medium-sized grants, […]
Chinese Firm to recover Gas at Halfaya
By John Lee. The China Petroleum Engineering and Construction Corporation (CPECC) has been awarded a contract to recover natural gas from the Halfaya oilfield. Planned production is put at 300 million standard cubic feet of gas per day, according to a statement from Iraq's Ministry of Oil. (Source: Ministry of Oil)
GardaWorld Weekly Security Report
GardaWorld, a global leader in comprehensive security and risk management, has made its weekly security report available to Iraq Business News readers. Prepared by GardaWorld's Risk Analysis Team in Iraq, this essential report includes short- and medium-term outlooks on the security situation, reports and commentary on recent significant events, and a detailed overview of developments […]