By John Lee. The Trade Bank of Iraq (TBI) has announced that it will open a branch in Saudi Arabia. Faisal Al Haimus, Chairman of TBI said: “This important addition to our bank accomplishments shall strengthen trading and banking relationships between the two countries." (Source: TBI)
By John Lee. Iraq’s Ministry of Oil has announced final oil exports for June of 105,640,161 barrels, giving an average for the month of 3.521 million barrels per day (bpd), an increase from the 3.490 bpd exported in May. These exports were entirely from the southern terminals, with no exports registered from Kirkuk via Ceyhan. Revenues for […]
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. By Dashty Ali. Dealing With The Iraqi River Where Sewage And Drinking Water Mix Every day litres of waste water and even sewage end up in the rivers and lakes, […]
Combined Joint Task Force Operation Inherent Resolve and its partners have accelerated offensive activity against Islamic State of Iraq and Syria targets in designated parts of Syria and Iraq, Combined Joint Task Force Operation Inherent Resolve officials reported. Between July 16-22, coalition military forces conducted 24 strikes, consisting of 40 engagements, in Iraq and Syria […]
Advertising Feature By Veronica Cotdemiey, CEO of Citizenship Invest. Obtaining a dual a nationality or second citizenship has long been a significant goal for many families in the Middle East. The constant struggle of not being able to travel freely; being scrutinized by immigration and governmental entities; as well as being a citizen of countries […]
By John Lee. The National Investment Commission (NIC) has announced new investment opportunities in Iraq: Glass production, State Company for Glass and Refractories Overhead Cranes, State Company for Steel Industries Fallujah Cement Plant, Iraqi State Cement Company (Source: National Investment Commission) (Picture: Business opportunity word cloud, from ibreakstock/Shutterstock)
APL has announced that the Gulf Asia Express 2 (GA2) service will soon be calling the port of Umm Qasr. The service will also make a second call to Jebel Ali during the return leg of its service rotation to Asia. These developments demonstrate APL’s commitment to continuously provide market connectivity between the Far East […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Demonstrations in Iraq have spread to the capital Baghdad. Although a smaller gathering than seen in the last 2 weeks in the south of Iraq, a significant number of protesters in the capital […]
By Human Rights Watch (HRW). Iraq’s National Security Service (NSS), an Iraqi intelligence agency reporting to Iraq’s prime minister, has acknowledged for the first time that it is detaining individuals for prolonged periods of time, despite not having a clear mandate to do so, Human Rights Watch said on Sunday. NSS is holding more than […]
By John Lee. Baghdad has reportely postponed plans to create a new national oil company until a new government is formed. In March, Iraq’s parliament voted to establish a new Iraqi National Oil Company (INOC) to manage its upstream energy sector, and serve as an umbrella body for its state-owned oil firms. More here from […]
By John Lee. An Iraqi government block on internet access is reportedly costing the country $40 million per day in lost business, sales and opportunities. The estimate is from the COST tool, based on the Brookings Institution economic impact methodology for internet shutdowns, using data collected by the NetBlocks internet shutdown observatory in collaboration with […]
By Amnesty International. Internet Cut to Stop Protesters Posting Images of Security Force Attacks Amnesty International has learned that the Iraqi authorities have disabled internet access shortly before the security forces have attacked - and in some cases killed - people protesting over unemployment and inadequate government services across the south of the country. In […]
