300 Peugeot Pars on their way to Iraq
By John Lee. By the end of this year Iran's IKCO will strengthen its presence in Iraq, dispatching 300 Peugeot Pars passenger cars, equipped with automatic gearboxes. "Iraqi market is one of the foremost export markets for IKCO," said Hassan Golchubian, IKCO Export Director of the Middle East and Africa, adding that as other markets, […]
Video: Hotel Hunting - Mission Impossible in Anbar
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. In Iraq's Anbar province, visitors can be hard pressed to find a hotel room as tribal tradition makes housing guests a point of honour. View on YouTube
Saudi Arabia to Fund Iraqi Football Stadium
By John Lee. Saudi Arabia’s King Salman has promised to build a football stadium in Iraq. The news followed a friendly match between the two countries’ teams in Basra last week. The Iraqi-Saudi Ministerial Coordination Council met on Monday to discuss the measures needed to improve cooperation in the economic, investment, cultural and other sectors. […]
Al-Kasid Group Wins Ford Dealership
By John Lee. Ford has appointed Al-Kasid Group as its new authorised importer-dealer for the sale and service of Ford vehicles and distribution of Ford and MotorCraft® parts in all of Iraq, the company has announced. Al-Kasid Group is one of Iraq’s largest consortiums, and will be ready to welcome and serve Ford customers effective […]
2018 Humanitarian Plans for Iraq Launched
On 6 March, the Government of Iraq as well as the United Nations and its partners launched their 2018 plans for Iraq – the Plan for Relief, Shelter and Stabilization of Displaced People, and the Humanitarian Response Plan. With the end of large-scale military offensives in late 2017, many families have been returning and are […]
Iraq to Seize Assets of Saddam Hussein and his Officials
By John Lee. Iraq's Commission for Accountability and Justice has reportedly completed the list of the relatives and associates of the late President Saddam Hussein (pictured), who are to have their assets confiscated. According to a report Asharq al-Awsat, the confiscation involves 52 senior officials from his former regime, and over 4,000 ex-ministers and officials […]
Iraq Increases Taxes amid Public Discontent
By Salam Zidane for Al Monitor. Any views expressed here are those of the author, and do not necessarily reflect the views of Iraq Business News. The Iraqi government sent to parliament a revised version of the 2018 budget bill for the fourth time Feb. 11. The budget proposal includes a new 10% tax on sales at commercial centers, restaurants and […]
Parliament Votes to create Iraqi National Oil Company
By John Lee. Reuters reports that Iraq’s parliament voted on Monday to establish a new Iraqi National Oil Company (INOC) to manage its upstream energy sector, and serve as an umbrella body for its state-owned oil firms. According to the report, the move revives a company originally established in the 1960s and merged into the […]
GTC to Provide Gasoline Complex for ABG
Houston-based GTC Technology is providing a gasoline production complex project for ABG (Al Barham Group Companies) for the refining and distribution of petroleum products. The grassroots complex will process 12,000 BPD of straight run naphtha (SRN) and untreated natural gasoline (UNG) blend feed to produce high octane gasoline meeting Euro-V specifications. The plant will be […]
KRG "could Suspend" Erbil Domestic Flights
A Kurdistan 24 press quoted Talar Faiq, the Director-General of Erbil International Airport (EIA) as saying that the KRG could suspend domestic flights between the Kurdistan Region’s airports and the rest of Iraq due to financial issues and Baghdad’s international flight ban. “Since the Iraqi government’s ban went into effect late September 2017, Iraqi Airways […]
NATO Secretary General visits Iraq
NATO Secretary General visits Iraq, praises Allied trainers and Iraqi forces Secretary General Jens Stoltenberg began an official visit to Iraq on Monday (5 March 2018), paying a visit to NATO’s training facilities in Besmaya. For over a year, NATO has conducted training and capacity building activities for hundreds of Iraqi security forces, helping them […]
Latest Strikes Against ISIS in Syria, Iraq
Combined Joint Task Force Operation Inherent Resolve and its partners continued to strike Islamic State of Iraq and Syria targets in designated parts of Syria and Iraq between Feb. 23-March 1, conducting 23 strikes consisting of 35 engagements, Combined Joint Task Force Operation Inherent Resolve officials reported. Strikes in Syria Yesterday in Syria, coalition military […]