Saudi Arabia eyes Anbar for Potential Investments
By Omar al-Jaffal for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Saudi Arabia is considering investing in 2.5 million acres of agricultural land in Iraq's western province of Anbar, which has suffered both economically and otherwise after the bitter war to regain control of the province from […]
Positive Indicators at IBBC Conference
By Padraig O'Hannelly. At a major Iraqi business event in London on Tuesday, there was a strong sense that Iraq’s perceived risk profile is improving, and that this is an excellent time to do business in the country. Nearly 300 delegates attended the Iraq Britain Business Council (IBBC)‘s Spring Conference at the Mansion House, which focused […]
Video: Ex-Sports Stars seek to Shake Up Politics
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Former members of the Iraqi national football team Ahmed Radhi and Chaker Mohammed Sabbar are battling off the pitch in the country's parliamentary election. View on YouTube
Video: Baghdad hosts 10th Int'l Flower Festival
From PressTV. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. A week-long Flower Festival is being held in the Iraqi capital Baghdad to celebrate the arrival of spring. Foreign participants say they are speechless with the sight of Baghdad shining in full bloom. Press […]
Siemens to add 700 MW to Rumaila Power Plant
Germany's Siemens has won a contract to add 700 megawatts (MW) to the Rumaila Gas Power Plant, which currently has a power generation capacity of 1500 MW. Siemens will supply its highly-efficient SST-5000 steam turbines, ensuring the additional power supply comes at no extra fuel requirement while increasing the overall power plant efficiency to more […]
UAE Funds $50m Rebuild of Mosul Minaret
By John Lee. UAE’s Minister of Culture has reportedly signed an agreement funding the rebuilding of Mosul’s famed al-Hadba minaret, which was destroyed by the Islamic State group (IS, ISIS, ISIL, Daesh) in the last weeks of the war. According to a report from Rudaw, Minister Noura al-Kaabi signed the agreement with Iraq’s Minister of […]
US Mission to build New Compound in Erbil
KRG Prime Minister Barzani's statement on the construction of US mission in Erbil: Mr. Ambassador of the United States to Iraq, Mr. Consul General Ladies and Gentlemen, Good morning. I am pleased to be here, with you, today and take part in the announcement of building a new compound for the U.S. Consulate General in […]
Iraq Extends Deadline for Qayara Refinery Bids
By John Lee. Iraq has extended the deadline to bid for the construction and operation of a new 100,000-bpd Qayara refinery. The full statement from the Ministry of Oil is as follows: The ministry of oil would like to announce for the investment refinery in Ninawa governorate/ Qayara with a capacity of 100 thousand barrels […]
AMAR Continues Support to Iraqi IDPs
For World Book Day 2018, the AMAR International Charitable Foundation has delivered over 6,000 illustrated children's books to displaced children in Iraq, all specifically designed for IDP youth. Hussein Al-Alak (pictured below), who is running the Manchester 10k on behalf of AMAR, said: “It’s the only charity in the United Kingdom that supports health, education and, […]
Oil Ministry Finalises Export Figures for March
By John Lee. Iraq’s Ministry of Oil has announced final oil exports for March of 107,050,000 barrels, giving an average for the month of 3.453 million barrels per day (bpd), a slight increase from the 3.426 bpd exported in February. The exports were entirely from the southern terminals, through 39 international companies, with no exports registered […]
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 […]
Aiding Iraq in Reconstruction Iran’s Priority
Aiding Iraq in Reconstruction Iran’s Priority after Daesh Defeat: Defense Minister Iranian Defense Minister Brigadier General Amir Hatami said that following the defeat of the Daesh (ISIL or ISIS) terrorist group in Iraq, Iran’s priority in its cooperation with Iraq now is helping the Arab country in its reconstruction process. In a meeting with Iraqi […]