U.S. Embassy Baghdad is aware of reports of increased threats of attacks in Baghdad during the Eid Al-Adha holiday. In response, the U.S. Embassy has restricted movement of its employees from September 1 – 5 outside of the international zone in Baghdad. In addition, the U.S. Embassy is restricting movement of its employees on September […]
The Kurdistan Regional Government (KRG) will immediately pay $1 billion to the Pearl Consortium, including Dana Gas, and its partners to settle a long-running legal dispute. In a joint press release, the Kurdistan Regional Government and Pearl Consortium announced the "full and final settlement" between the two parties. Below is the full press release: Settlement […]
By John Lee. The Trade promotion Organization (TPO) of Iran is to establish two permanent trade centres in Iraq. Iran's commercial attaché in Iraq, Nasser Behzad, said the centres will cover various areas including foodstuffs, construction materials, medicines and medical equipment, technical and engineering services. You can find out more about opportunities in Iran at […]
By John Lee. The National Investment Commission (NIC) has announced an opportunity to invest in the expansion of a chlorine and caustic soda plant in Iraq. The full text of the announcement is shown, unedited, below: Al-Furat State Company for Chemical Industries and Pesticides as one of the affiliates of Ministry of Industry and Minerals […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Jordan and Iraq reopen their only border crossing, saying security had been restored three years after the Islamic State group seized control of frontier areas:
By John Lee. Iran's Oil Minister Bijan Zanganeh has said Iranian companies are ready to execute oil and gas industry projects in Iraq. He added that Iran's oil ministry is prepared to increase cooperation with Iraq in the oil and gas sector. In June, Iran began exporting gas to Iraq after a several years of […]
U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria yesterday, conducting 56 strikes consisting of 109 engagements, Combined Joint Task Force Operation Inherent Resolve officials reported today. Officials reported details of yesterday's strikes, noting that assessments of results are based on initial reports. Strikes in Syria In Syria, coalition […]
Mr Jean-Yves Le Drian, France's Minister for Europe and Foreign Affairs, visited Iraq on 25 and 26 August with Ms Florence Parly, Minister for the Armed Forces. Mr Jean-Yves Le Drian met with the President of the Republic of Iraq, Mr Fuad Masum, the Prime Minister, Haider al-Abadi, and his Iraqi counterpart, Mr Ibrahim al-Jaafari. […]
By John Lee. Russia's Gazprom Neft has reportedly started production of liquid petroleum gas (LPG) at its Badra field in Wasit Province. According to Energy Business Review, the company has started trial shipments of LPG to Iraq’s state-owned gas filling company, and to the Az-Zubaydiyah power station. The facility is expected to be operation in […]
A Jordanian security official has stated that the Karamah crossing will be opened for the public on the third day of Eid, September 3, while staff will be deployed from August 30. "We have conducted a trial run at the crossing with our Iraqi counterparts earlier this week at the al-Karamah crossing on August 20," […]
Zain Iraq has selected Sweden's Ericsson to upgrade its existing network using Ericsson’s virtual Evolved Packet Core (vEPC) offering to meet the growing data demands of its customers in the region. Under this collaboration, Ericsson will modernize the current infrastructure of Zain Iraq’s network by implementing a solution that will enable the operator to quickly […]
By John Lee. PJSC Cherkizovo Group, the largest vertically integrated meat and feed producer in Russia, today announces that its Vasilyevskaya poultry production facility has received permission to export poultry products to Iraq. The Vasilyevskaya poultry farm, which is Cherkizovo Group's largest poultry production facility, was granted the right to export to Iraq. The permit […]
