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Deal Signed for 96 new Wells at West Qurna 1

By John Lee. Iraq has signed a contract with Schlumberger to drill 96 horizontal and diagonal oil wells at the West Qurna 1 field in Basra. Saad Al-Damen, Vice President of Schlumberger, said the contract will add 200,000 barrels per day to production at the field. The Undersecretary at the Ministry of Oil, Hamid Younis, […]

Food Security in Iraq: Impact of COVID-19

Food Security in Iraq: Impact of COVID-19 with a special section on water shortages and adaptation (November 2020 - May 2021) Over the six-month period analyzed in this report, Iraq experienced significant turmoil. In addition to the effects of the pandemic, with cases overall on the rise in Iraq - now in its third wave […]

Sunnis back Party of Iraq's Youngest-ever Speaker

By Shelly Kittleson, for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Sunnis back party of Iraq's youngest-ever parliamentary speaker The large backing by the Sunni community for the current parliamentary speaker's party despite a tradition of voting along tribal lines […]

Discordance in the Iran Threat Network in Iraq

By Michael Knights, Crispin Smith and Hamdi Malik 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. Discordance in the Iran Threat Network in Iraq: Militia Competition and Rivalry Hardline groups are struggling to satisfy demands for […]

Iraq, UAE agree to Investment Promotion and Protection

As part of its endeavours to strengthen and activate means of economic and investment cooperation with various countries of the world, the UAE, represented by the Ministry of Finance (MoF), signed an agreement to promote and protect mutual investments with Iraq. The agreement, which was signed today morning at the ministry's headquarters in Abu Dhabi, […]

Orisdi signs 6-figure Deal with Al Sharqiya TV

By John Lee. Iraqi e-commerce company Orisdi has signed a six-figure deal with Al Sharqiya TV. Sharqiya is one of the largest media groups operating in Iraq, having launched the country's first fully independent privately-owned satellite TV channel in 2004, complemented by the addition of the Sharqiya News channel in 2008. The investment round was facilitated […]

Deloitte: "Doing Business Guide Iraq"

By John Lee. Deloitte has published its "Doing Business Guide Iraq", which highlights key areas of consideration for businesses who are looking to invest in the country, as well as those who are already present, but are looking to undertake a review of their tax exposures. The report provides businesses with insights on the legal […]

Plans to Improve Billing of Utilities in Iraq

By John Lee. Iraq's National Data Center Department, in the General Secretariat of the Council of Ministers, has held a meeting to discuss a system for controlling data on water and electricity lists and linking them to the actual property occupant. Importantly, the meeting included discussion of electronic payment and collection mechanisms. The meeting was […]

Drought: Iraq reduces Irrigated Land by 50%

By John Lee. Iraq's Minister of Agriculture, Muhammad Al-Khafaji, has chaired a coordination meeting to approve the country's winter agricultural plan, along with the Minister of Water Resources, Mahdi Al-Hamdani. Due to the continuing shortage of water, the plan reduces the area allocated for irrigation by 50 percent compared with last season, with the exception […]

IOM highlights evolving Economic Needs in Iraq

IOM assessments highlight evolving economic needs under unprecedented impacts of COVID-19 in Iraq Necessary measures to contain the spread of COVID-19 combined with volatile oil prices and a decrease in the value of the Iraqi dinar brought an end to two years of sustained economic growth in Iraq, heavily impacting individuals and communities affected by […]