By Amir al-Kaabi 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. Kataib Hezbollah's Escalating Feud with the Iraqi Security Forces Since the Coordination Framework appointed Mohammed Shia al-Sudani as their "general manager" of […]
By Zaid Al-Ali and Ahmed Tabaqchali, for 1001 Iraqi Thoughts. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Commentary: Iraq v Turkey International Chamber of Commerce Final Award (13 February 2023) On 23 May 2014, the Republic of Iraq ("Iraq") commenced arbitral proceedings against […]
From the Iraq Britain Business Council (IBBC): The IBBC management team attended an extensive round of meetings with officials in Iraq from May 14th - 20th. Led by IBBC President Baroness Nicholson and MD Christophe Michels, the visit first included the opening of and attendance at the first UK-Iraq Trade Fair at Al Burhan's new […]
DP World has launched what is says is the first direct freight service between the UAE and Iraq, "to make the flow of goods between the two countries faster, safer and more efficient." The service caters for what the industry calls "unaccompanied trailers" -- trailers which can be transported by sea without the driver and […]
By John Lee. Tamayouz Excellence Awards has invited architects and designers to submit their ideas to transform the underused Dakeer Island in Basra into a vibrant recreational urban destination for locals and visitors. As of now, Dakeer Island is packed with illegal settlements, wholesale and storage warehouses, and waste dumping areas. The shipyard business no […]
Youth policy dialogue to improve Iraq's business ecosystem Youth entrepreneurs working in agriculture, business support organizations including start-up incubators, international organizations and government representatives convened in Baghdad to encourage informed policymaking for a stronger entrepreneurship ecosystem in Iraq. The Youth Policy Dialogue discussed the findings of the Youth Barometer Report published by the International Trade […]
Iraqi Prime Minister Mohammed Shia' al-Sudani and Jordanian Interior Minister Mazen Faraya reached an agreement on Sunday to strengthen bilateral security cooperation, with a particular focus on combatting drug-related issues. During their meeting in Baghdad, the leaders discussed methods to enhance relations, facilitate travel between the two nations, combat terrorism, and address drug trafficking, as […]
Gulf Keystone Petroleum (GKP) provided an update on operational and corporate activity and the Company's upcoming 2023 Annual General Meeting ("AGM") on Monaday: Operational & Corporate Update Following the shut-in of the Iraq-Turkey pipeline on 25 March 2023, production from the Shaikan Field remains shut-in. The suspension of exports has resulted in a gross production […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Parliament brawl in Iraqi Kurdistan raises questions about détente Ministers belonging to the Patriotic Union of Kurdistan (PUK) are again participating in Kurdistan Regional Government (KRG) cabinet meetings, having ended a six-month boycott. […]
By John Lee. A source, citing unofficial contact with Turkish energy officials, has told Reuters that that a resumption of crude oil exports from Northern Iraq via the Turkish port of Ceyhan (pictured) is expected to take weeks rather than days. Turkish pipeline operator BOTAS has reportedly said that it needs more time to check […]
By John Lee. Fitch Ratings has assigned Erbil's Region Trade Bank for Investment and Finance Private Shareholding (RTB) a Long-Term Issuer Default Rating (IDR) of 'CCC+', and Viability Rating (VR) at 'ccc+'. It says the rating reflects the bank's, "limited franchise, unstable business model, volatile and concentrated customer deposit base and weak albeit improving profitability." […]
Man Convicted Of Torture And Exporting Weapons Parts And Related Services To Iraq A federal jury convicted a Pennsylvania man on May 19 for numerous crimes, including the torture of an Estonian citizen in 2015 in the Kurdistan region of Iraq, in connection with the operation of an illegal weapons manufacturing plant in Kurdistan. According […]
