By Amberin Zaman for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraqi Kurdistan's haute couture breaks into Paris Fashion Week Lara Dizeyee, who will be showcasing her designs at Paris Fashion week in early July, has created a unique line […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. ICC Awards, FSC Decisions and The Three-Years State Budget A heated debate dominates domestic politics in Iraq nowadays, indicating possible sever fracture in internal geopolitics and political alliances. Strong and effective correlation […]
By John Lee. Iraq's Ministry of Oil has announced finalised oil exports for April: Total exports of crude oil in April: 98,634,947 barrels Revenues from April's crude oil exports: $7.699 billion Oil fields in central and southern Iraq accounted for all of April's crude oil exports, as exports from Kirkuk through the port of Ceyhan […]
Stressing the need to carry out an agreement on security cooperation between Iran and Iraq, the foreign ministers of the two countries weighed plans for stronger regional collaboration. In a telephone conversation on Thursday night, Iranian Foreign Minister Hossein Amirabdollahian and his Iraqi counterpart Fuad Hussein talked about the latest status of bilateral relations between […]
By John Lee. Iraq is reportedly seeking to include Rafale fighter jets from the French company Dassault in the Iraqi Air Force. A spokesman for the Commander-in-Chief of the Armed Forces told state-run Iraqi News Agency (INA) that Iraq will purchase modern military equipment from many countries, including the Republic of France. He also emphasised […]
By John Lee. The Iraqi General Authority for Railways has been assigned the task of finalizing the proposed route for a significant railway project that aims to extend from the coastal areas to the southern part of the port of Khor Al-Zubayr. The authorities emphasize the importance of planning the route outside the boundaries of […]
By John Lee. Iraqi Prime Minister Mohammed Shia al-Sudani has reportedly postponed the launch of the Basra-Aqaba Oil Pipeline (BAOP) project due to "threats from Iran-backed Shia militias" in Iraq. Assorted players in the area object to the idea that the oil may be used by Israel. According to The New Arab, other concerns include […]
From Arab Gulf States Institute in Washington (AGSIW). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Implications of Iraq's New Election Law Iraq's new election law is likely to strengthen the representation of traditional political blocs and weaken smaller parties and independent candidates, however, […]
By John Lee. Saudi Arabia's sovereign wealth fund has reportedly capitalised its new Iraq fund with $3 billion. The Saudi-Iraqi Investment Company, which will have its headquarters in Saudi Arabia, is part of a $24-billion initiative announced last year. According to Alarabiya, the acting CEO will be Muteb Alshathri. More here. (Source: Alarabiya)
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq signs contracts with buyers of Kurdistan Region's oil: Minister Iraq's oil minister on Thursday told Rudaw that they have signed contracts with four companies to buy about half a million barrels of the […]
Full text of the statement from Ericsson: Yesterday [Wednesday], the U.S. District Court for the Eastern District of New York dismissed with prejudice the securities litigation against Ericsson (NASDAQ: ERIC) brought by certain shareholders. In its ruling, the court rejected in full the plaintiff's claims that Ericsson misled investors and concluded that Ericsson did not […]
By John Lee. Iraq's Ministry of Oil has issued a "clarification" on its previous statement regarding involvement of Saudi Aramco in the Akkas field in Basra. On Thursday, the Ministry originally stated that it had an agreement with Saudi Aramco to invest in the field. Later in the day, it issued a clarification, saying that […]
