By John Lee. The Chairwoman of the National Investment Commission (NIC), Suha Daoud Najjar, has said that the NIC has specified "a number of legal and financial conditions" to proceed with the development of the Bismaya Residential City southeast of Baghdad. She said the NIC is now waiting for a reply from South Korean firm […]
By John Lee. The European Union is preparing to allow Iraqi Airways planes to operate again within the EU. On Wednesday, the Ambassador of the European Union to Iraq, Ville Varjola, told the Secretary-General of the Council of Ministers, Hamid Naim Al-Ghazi, of his quest to resolve this issue with the relevant authorities. The airline […]
Writing in Oil Price, Simon Watkins argues that while Iraq's plans to increase oil production are, in broad terms, entirely realistic, the extent of Iraq's ultimately recoverable oil resources is subject to a large degree of uncertainty. Click here to read the full article.
By John Lee. Iraq's Ministry of Water Resources has reportedly invited bids from three international companies to build a dam on the Shatt al-Arab waterway, to help reduce salinity in the river. Economy News lists the firms invited to bid as Energoprojekt of Serbia, Hydronova of Italy, and Deltares from the Netherlands. It says that […]
By John Lee. Iraq's Minister of Finance, Ali Allawi, has reportedly resigned during the Cabinet meeting today (Tuesday). Both Associated Press and Shafaq News Agency cite sources as saying that Prime Minister al-Kadhimi accepted the resignation, and appointed the Oil Minister, Ihsan Abdul-Jabbar Ismail, as Acting Finance Minister. The Prime Minister's statement following the cabinet […]
The Kurdistan Regional Government's Ninth Cabinet has implemented several projects and authorized numerous others since assuming office on July 27, 2019. In the past three years, the Cabinet has authorized the implementation of 206 investment projects with a total budget of $11,629,355,000 in different areas of the Kurdistan Region. Crucially, of those 206 projects, 202 […]
By John Lee. DNO, the Norwegian oil and gas operator with significant operations in Iraqi Kurdistan, has released its 2021 Social Corporate Responsibility Report. Click here to download the full report. (Source: DNO)
By John Lee. Ummet Al Salam Co. Ltd. for General Trading & Contracting has won a new contract with the United Nations Office for Project Services (UNOPS), for the rehabilitation of water treatment plants in four different locations in Anbar The contract is valued at $680,000. (Source: UNGM)
By John Lee. Iraq's General Company for Air Navigation Services has reportedly announced the completion and activation of its new AMHS ground-to-ground communications system. AMHS (Air Traffic Services Message Handling Services) is a standard for aeronautical ground-ground communications, such as for the transmission of NOTAM, flight plans or meteorological data. According to the report from […]
By John Lee. The Iraqi Cabinet held its weekly meeting on Tuesday under the chairmanship of Prime Minister Mustafa Al-Kadhimi. Among the items agreed was a decision to approve a recommendation from the Ministry of Foreign Affairs to open an embassy in the Irish capital Dublin, instead of a general consulate. A decision to open […]
By Al Monitor staff. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq agrees to provide Lebanon with fuel for another year Lebanon's fuel crisis is showing no signs of letting up, but an exchange with Iraq is keeping one source flowing. Click […]
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraqi economic capital engulfed in trash, suffers from dilapidated electricity Home to Iraq's richest oil wells, Basra should have wealth and development to rival the Emirates. Instead, the southern province is one of Iraq's […]
