By Charles Kennedy for the OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq's Risky Reliance On Oil Revenues Iraq managed to collect a lot of revenues from oil exports last year due to higher prices, but the Iraqi economy remains heavily reliant […]
By John Lee. A group of human rights organisations have expressed their deepest concern regarding the Iraqi authorities' recent campaign to crack down on 'indecent content' online. This crackdown, they say, has a chilling effect and will stifle free speech in the country. The statement, which can be read in full here, is signed by […]
By John Lee. Iraq's Federal Commission of Integrity has issued warrants for the arrest of four senior officials in the previous government, including former Minister for Finance, Ali Allawi (pictured). The warrants relate to the theft of 3.7 trillion Iraqi dinars ($2.5 billion) from the General Tax Authority's account at the state-run Rafidain Bank, an […]
By John Lee. Russia's LUKoil and Japan's INPEX South Iraq Ltd have received approval from Iraqi state-owned Thi-Qar Oil Company (TOC) for "Declaration of Commerciality of Reserves and Outline Development Proposal" for the Eridu [Arido] oilfield located within Block 10 in Iraq. Following approval by TOC (also known as Dhi Qar Oil Company, DQOC), LUKoil […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Will new land ownership rights be game-changer for Iraq's Yazidis? Late last year, the Iraqi government announced that members of the minority Yazidi community will be granted land ownership rights in the northern […]
By John Lee. Prime Minister Mohammed S. Al-Sudani has invited several companies to develop Al-Nisour Square in Baghdad by constructing overpasses, tunnels, and an overpass over the railway towards Umm Al-Tabbul Mosque intersection, and widening the roads adjacent to the project path. The companies are: Transtech Engineers China Railway Sixth Group Co Ltd., China State […]
By John Lee. Iraq has fallen two place in this year's Legatum Institute Prosperity Index, ranking in 140th place out of the 166 countries measured. The Index consists of 12 pillars of prosperity, split into 67 discrete policy-focussed elements, and is underpinned by 299 indicators. Denmark, Sweden and Norway took the top three positions. The […]
By John Lee. A meeting was held this week under the supervision of the Governor of Erbil, Omid Khoshnaw, for the Development and Support of Industrial Projects Committee in Erbil Governorate. At the meeting, it was decided to allocate land for the implementation of 15 heavy and medium industrial projects, whose owners applied for land. […]
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. Iraq rolls out new plan to reduce chronic Baghdad traffic Successive Iraqi governments have tried but failed to address the problem of traffic in the capital. Sudani's plan involves […]
FAO launching training workshop on Conservation Agriculture for Sustainable Land Management in the south The Food and Agriculture Organization of the United Nations (FAO) in collaboration with the Iraqi Ministry of Environment, the Ministry of Agriculture, the Ministry of Water Resources, and local governments launched a seven-day training workshop for 30 agriculture extension officers from […]
9By John Lee. The Kurdistan Regional Government (KRG) has reported that the Derluk Hydroelectric Power Project is now 95-percent completed. Described as the most advanced hydroelectric station in the region, the plant is located on the Great Zab River in Derluk, Amadiyah district. The $151-million project comprises two turbines, with a total production capacity of […]
By John Lee. The Saudi Ports Authority (Mawani) has announced the addition of King Abdulaziz Port to the newly-launched India-Saudi-Iraq (ISI) shipping service by Singapore-based feeder operator Bengal Tiger Line (BTL). Aimed at empowering importers and exporters with best-in-class offerings, the regional route further strengthens the Kingdom's maritime connectivity in its quest to establish itself […]
