Shares in Genel Energy rose nearly five percent on Wednesday as it announced its audited results for the year ended 31 December 2022. Paul Weir, Chief Executive of Genel, said: "Our production business generated record cash flow in 2022, building our significant financial resources and resulting in a net cash balance at the end of […]
By John Lee. Gallup has produced a summary of its surveys on Iraq, showing how public opinion has evolved over the years. Access the analysis here. (Source: Gallup)
The Chief Executive of the Islamic Republic of Iran Railways (RAI) has said that Iran and Iraq have agreed to resume the construction operation of the Shalamcheh-Basra Railway and relaunching of the hybrid Tehran-Karbala train. Mi'ad Salehi, the CEO of the Islamic Republic of Iran Railways, in a post on his Twitter account wrote: "In […]
By Meethak Al-Khatib and Adam Lucente for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. With few job openings, Iraqi youth find work in creative ways As Iraq's economy struggles, Al-Monitor spoke to young Iraqis who are making money via video […]
By Crispin Smith and Michael Knights for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Remaking Iraq: How Iranian-Backed Militias Captured the Country The slow-rolling regime change focused on capturing U.S.-supported institutions and turning them against U.S. […]
By John Lee. The International Court of Arbitration of the International Chamber of Commerce (ICC) has released its findings in the arbitration case between Iraq Telecom Limited, a subsidiary of Kuwait's Agility Public Warehousing Company KSCP, and International Holdings Limited, an affiliate of Agility, as claimants; and Korek Telecom Limited and Sirwan Saber Mustafa Barzani, […]
By John Lee. The Iraqi Cabinet has approved the recommendation of the Ministerial Energy Council regarding a settlement agreement with the South Korean company Kogas, the operator of the Akkas gas field. The agreement includes a payment of USD 49 million in crude oil, to be made by the State Oil Marketing Organization (SOMO). According […]
By John Lee. NATO Secretary General Jens Stoltenberg welcomed Iraqi Foreign Minister Fuad Hussein to NATO Headquarters on Monday (20 March 2023). The Secretary General thanked Iraq for its commitment to its partnership with NATO, particularly with respect to fighting international terrorism and promoting stability in the region. Mr Stoltenberg underscored that NATO continues to […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Deep Dive: Iran inks security accord with Iraq as regional diplomacy revved up The secretary of Iran's Supreme National Security Council (SNSC) has capped off a busy month of dialogue with Arab states […]
By Adam Lucente for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iran, Iraq sign security deal boosting border cooperation The deal follows the Islamic Republic escalating its attacks on Kurdish groups in Iraq amid the ongoing protests in Iran. Click […]
By John Lee. An advisor to the Iraqi Prime Minister has said that the Kurdistan Regional Government's oil revenues will now be placed in an account controlled by the federal government in Baghdad. Husham Hamad added that the agreement was reached through what he called the "high understanding and keenness of the federal government and […]
The Iranian Minister of Economic Affairs and Finance said three joint industrial towns between Iran and Iraq will be launched in the border areas in the Iraqi provinces of Maysan (Missan), Basra and Wasit. Seyed Ehsan Khandouzi (pictured) made the remarks on the sidelines of the unveiling ceremony of "Factoring System of Private Contracts", held […]
