Tag Archives | featured

Will Trump bring better future for Iraqis?

Iraqis paid close attention to the US presidential race, especially to the candidates' positions on their country. Many Iraqis welcomed Donald Trump's presidential victory, as well as his anti-terrorism and anti-chaos rhetoric on Iraq. Once the announcement came that Trump had won, many Iraqi politicians and citizens expressed joy. Prime Minister Haider al-Abadi congratulated the new […]

Protechnique wins work on $80m Basra Project

By John Lee. Iraq’s Ministry of Municipalities and Public Works (MMPW) has reportedly appointed Protechnique as the main contractor for the $80-million Basra Water Pumping Station, P2R. According to a report from Construction Week Online, it will provide engineering, procurement, and construction (EPC) services for the project’s transmission reservoir and transmission pump station; chlorine building; […]

Iraq plans Lower Basra Crude Exports in December

By John Lee. Iraq plans to export 3.163 million bpd of Basra crude from its southern ports in December, according to a report from Reuters. The figure is slightly down on November's plan. It would be made up of 2.437 million bpd of Basra Light, and 726,000 bpd of Basra Heavy. Iraq has also raised […]

Iraq, Jordan stress Importance of New Pipeline

By John Lee. Iraqi oil minister Jabar Ali al-Luaibi [Allibi] has met with Mr. Ibrahim Saif, the Jordanian Minister of Energy and Mineral Resources. The parties agreed on the necessity of strengthening relations between the two countries, with Mr. Allibi stressing the importance of the oil and natural gas pipeline project to Aqaba port. He […]

Displacement Tops 56,000 as Mosul Military Ops Continue

The total number of individuals currently displaced in the Mosul emergency now tops 56,400 according to data released on Tuesday by the International Organization for Migration (IOM). Since military operations to retake Mosul from ISIL began last month, IOM's Iraq Displacement Tracking Matrix (DTM) Emergency Tracking shows population movement away from the combat zone has […]

Inherent Resolve Strikes Target IS in Syria, Iraq

U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq on Sunday, Combined Joint Task Force Operation Inherent Resolve officials reported yesterday. Officials reported details of yesterday’s strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack, fighter and remotely […]

Agricultural Licensing Rounds for Foreign Investors

By Salam Zidane for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq considers proposal of agricultural licensing rounds for foreign investors On Oct. 23, the Iraqi parliament’s agricultural committee reported that Iraq imports more than 75% of its vegetables and animal products. Meanwhile, agriculture experts conducted […]

KRG Announces Lower Oil Exports in Oct

The Kurdistan Regional Government (KRG) has published its monthly production and export revenue overview for October 2016. During the month it exported 540.9k bpd from the Turkish port of Ceyhan, down from the previous month’s figure, at an increased average price of $39.32 per barrel, bringing in revenue of $632 million. Please click here to view […]

Startup Weekend in Erbil

By John Lee. A Startup Weekend will be held this weekend (17th-19th November) in Erbil. This year, the theme is education, specifically "having technology involved with education to make our education system better." More information here.

Croatia to Increase Economic Activity in Kurdistan

The new Croatian Ambassador to Iraq Mr Ivan Jurić has met with the KRG Foreign Minister Falah Mustafa, as part of his introductory visit to the Kurdistan Region. Minister Mustafa congratulated the Croatian Ambassador on his appointment, expressing the readiness of the Kurdistan Regional Government to provide necessary support for the success of his mission. […]

How can a Tech Sector Contribute to Iraq’s Economy?

By Hal Miran, Editor-in-Chief, Bite.Tech. Tech has grown in prominence as a key sector in global economic health. It is now commonly accepted that an economy in which entrepreneurs have the freedom and resources to create and innovate tend to perform much more robustly. Intriguingly, one study on the effect of tech on a country’s […]