Bombardier Welcomes Arab Wings and Iraq Gate to the Family of CRJ Series Aircraft Customers and Operators Bombardier Commercial Aircraft has welcomed Jordan-based Arab Wings, and its joint venture partner Iraq Gate, to the family of CRJ Series aircraft owners and operators. Iraq Gate commenced service in March 2015 with its first CRJ200 aircraft, adding […]
By John Lee. Saudi Arabia has re-opened its embassy in Baghdad, 25 years after relations were broken over Iraq’s invasion of Kuwait. The embassy will have an initial staff of 35 people, and a consulate is expected to open later in Erbil. Diplomatic relations were restored in 2004 after the toppling of the Saddam Hussein […]
Minister Falah Mustafa today received representatives of over 25 U.S companies, led by the U.S-Kurdistan Business Council (USKBC), to discuss areas of potential investment for U.S companies in the Kurdistan Region. In a meeting attended by Bayan Rahman, KRG Representative to the U.S, Minister Mustafa thanked the USKBC for bringing such a high level business […]
Defense Secretary Ash Carter yesterday discussed with Iraqi leaders ways to increase pressure on the Islamic State of Iraq and thhttps://www.iraq-businessnews.com/wp-admin/post.php?post=106388&action=edite Levant and to accelerate coalition progress against the terror group. In Baghdad, Carter met with Iraqi Prime Minister Haider al-Abadi, as well as U.S. and coalition leaders during the visit. The secretary received a […]
By John Lee. Reuters reports that sellers of a new 'Basra Heavy' crude oil grade are competing fiercely to win market share on the U.S. Gulf Coast, as the high sulfur content has limited appeal for refiners. The State Oil Marketing Organization (SOMO) began selling the new grade -- which has an API gravity of […]
U.S. and coalition military forces have continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq, Combined Joint Task Force Operation Inherent Resolve officials reported on Thursday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack, bomber and […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Some Turkish troops stationed near the Iraqi city of Mosul have been withdrawn, officials say, after their deployment caused a diplomatic spat between Baghdad and Ankara. Al Jazeera's Osama Bin Javaid reports from […]
By John Lee. The International Monetary Fund (IMF) is expected to finalize an agreement with Iraq in the coming days for a program to monitor its economy. The fund's Middle East director, Masood Ahmed, told Reuters the program would establish a track record of effective performance from the Iraqi authorities which could lead to a […]
The coalition fighting the Islamic State of Iraq and the Levant has made significant progress in degrading the terrorists' ability to profit from their oil activities, a senior U.S. official said today. The coalition has targeted infrastructure, and trucks that transport the oil, the official said, speaking to reporters on background at the Pentagon. Oil […]
Senior KRG officials on Sunday discussed economic reform plans of the government and bilateral ties with Baroness Emma Nicholson, UK Prime Minister's Trade Envoy for Iraq. The meeting was chaired by Minister Falah Mustafa, and he was joined by Dr. Ali Sindi Minister of Planing, Nawroz Mawlod Minister of Municipality and Tourism, Mawlod Bawa Murad […]
By John Lee. Oil Minister Adel Abdel Mahdi [Adil Abd Al-Mahdi] met recently with a delegation from the Japanese companies Toyo and Mitsui. The meeting was attended by the deputies of the minister and the Directors General. Minister Mahdi confirmed that Iraq is keen to strengthen relations with major global companies, expand cooperation in the […]
By Simon Kent. APR Energy plc has announced that it has signed for an extension of its power generation contract in Iraq. The company run a gas fired power station that provides electricity for Iraq's southern port city of Basra. According to APR, the power plant has been in operation since 2012 and comprises six […]
