Iran, Iraq Ink 5 Agreements
Iran and Iraq signed five deals to promote cooperation in various fields on the first day of Iranian President Hassan Rouhani’s trip to Baghdad. In a meeting co-chaired by Rouhani and Prime Minister of Iraq Adil Abdul-Mahdi in Baghdad on Monday evening, top officials from the two countries signed five memoranda of understanding. The documents […]
Shire Oak joins Iraq Britain Business Council
The Iraq Britain Business Council (IBBC) has announced that Shire Oak International has become the latest organisation to join the Council. Shire Oak International is the first organisation with a primary focus on Renewable Energy to join the IBBC. Shire Oak International is a developer and financier of large-scale renewable energy projects in developing countries […]
Iran Resolved to Boost Exports to Iraq: President
The president of Iran voiced the country’s readiness to expand trade ties with Iraq and increase exports to the neighboring state. "We are ready to have our tradespeople more active in Iraq and supply the required goods so that we can reach a good balance," Iranian President Hassan Rouhani said at the Economic-Trade Forum of […]
Rouhani in Baghdad seeks Outlets against US Sanctions
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. Iranian President Hassan Rouhani arrived in Baghdad on March 11 amid his government's efforts to expand ties with Iraq to reduce the impact of US sanction on Iran's economy. Prior to departing Tehran, Rouhani remarked, “[Iran's ties with Iraq] […]
Iran-Iraq Banking Problems "Settled"
The Secretary of Iran-Iraq Chamber of Commerce said the obstacles to banking interaction between the two neighbors have been settled and the bilateral trade exchange is fairly normal. In comments at a televised program on Sunday night, Hamid Hosseini said the problems with banking relations between Iran and Iraq have been resolved and the process […]
Iraq hosts Lebanese Business Delegation
By John Lee. A delegation of major Lebanese companies have arrived in Baghdad for a series of meetings with Iraq's National Investment Commission (NIC). The were accompanied the Lebanese Minister of Telecommunications, Dr. Muhamed Shuqair, and the opening meeting was attended by the Iraqi Minister of telecommunications, Dr. Naeem Al- Rubaiee; NIC Chairman, Dr. Sami […]
Video: Will sanctions affect Iran-Iraq Economic Relations?
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. How will US sanctions affect Iran-Iraq economic relations? The Trump administration is giving Iraq a few more months to continue buying oil and electricity from neighbouring Iran before the United States enforces sanctions […]
GKP Maintains Production Guidance; Shares Up
Shares in Gulf Keystone Petroleum (GKP) were trading up 3 percent on Monday after the company provided an operational and corporate update on its operations in Iraqi Kurdistan. Analyst Peel Hunt has reportedly re-issued its "Buy" rating during the morning. Operational Operational activity continues at the Shaikan Field (pictured) to complete the debottlenecking programme in […]
Iranian President visits Baghdad
By John Lee. Iran's President Hassan Rouhani arrived in Iraq on Monday as the head of a high-ranking political and economic delegation at the official invitation of the President and Prime Minister of Iraq. Barham Salih, President of Iraq, officially welcomed President Rouhani at Baghdad’s as-Salam Palace. Dr Rouhani will have meetings with the President […]
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 […]
Video: Where is the Money for Iraq Reconstruction going?
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. In Iraq, reconstruction remains a daunting obstacle to displaced people returning home. The government has allocated money and established commissions for people to file for assistance. But there is little sign of that […]
US Sanctions Radical Militia Group
By John Lee. The United States Treasury Department has sanctioned Harakat Hezbollah al Nujaba, a radical Muslim militia group of about 10,000 fighters, as well as its leader Akram Kaabi. The full statement from the Office of Foreign Assets Control (OFAC) can be read here. (Source: US Treasury Department)