Tag Archives | GCC

US Praises Deal to Import Electricity from GCC

The text of the following statement was released by the Governments of the United States of America, the Republic of Iraq and the Gulf Cooperation Council (GCC): The Government of Iraq, Gulf Cooperation Council, and United States have renewed their full support for the Gulf Cooperation Council Interconnection Authority (GCCIA) project to connect the electricity […]

How EU can Gain Influence with the GCC

By Cinzia Bianco, for the European Council on Foreign Relations (ECFR). Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News.  A Gulf apart: How Europe can gain influence with the Gulf Cooperation Council Gulf Arab states are at the centre of a new balance […]

Iraq signs deal to Import Electricity from Gulf States

Iraq has signed a landmark deal with the Gulf Cooperation Council (GCC) for a power line to import 500 megawatts of electricity by 2020, local reports said on Sunday. According to the Iraqi Electricity Ministry, the 300-kilometre line will run from Kuwait to Iraq’s southern port of Faw and be financed by the GCC. Electricity […]

Iraq Approves Plan to Improve Relations with GCC

By John Lee. The Iraqi cabinet has reportedly approved a plan to improve relations with Gulf Cooperation Council (GCC) member states. In a news conference, Iraqi Prime Minister Haider Al-Abadi (pictured) recalled that the GCC leaders had adopted a resolution in their last meeting on expanding strategic cooperation with Iraq, which they considered a "main […]

Gulf Companies looking to Participate in Iraq Reconstruction

An official in the Arabian Gulf has stated that construction companies and others in the Gulf Cooperation Council (GCC) look forward to participating in reconstruction projects in Iraq, stressing that it has the potential to qualify for this role. Abdul Rahim Naqi, secretary-general of the Council of Chambers of the Gulf Cooperation Council (GCC) stated […]

Will Iraq succeed in bringing Iran, Saudi closer?

By Ali Mamouri for Al Monitor. Any views expressed here are those of the author, and do not necessarily reflect the views of Iraq Business News.  On Jan. 14, Iraqi and Iranian media reported that Iraqi Foreign Minister Ibrahim al-Jaafari (pictured) offered to mediate between Iran and Saudi Arabia in order to overcome their disputes and […]

Defense Secretary Carter Urges GCC to Help Iraq

By Simon Kent. US Defense Secretary Ash Carter has met with Gulf Cooperation Council Secretary-General Abdullatif al-Zayani and six of his counterparts from the GCC, to discuss the war against the so called Islamic State in Iraq. The meeting comes ahead of a planned GCC summit this week, which Barack Obama will attend. But underlying the […]

Why Iraqi-Saudi ties are Backsliding yet Again

By Mustafa Saadoun for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq is facing a new crisis with Saudi Arabia as a result of their differing points of view regarding regional issues, most notably those related to Lebanon-based Hezbollah, which was recently classified […]

Qatar Announce Historic Iraq Embassy Opening

By Simon Kent.  Qatar's ruler, Sheikh Tamim bin Hamad al-Thani, has announced the appointment of an Ambassador and the forthcoming opening of a Qatari embassy in Baghdad. It is a sign of thawing relations between the GCC nation and Iraq, which deteriorated after Iraq invaded Kuwait in 1990. Relations did not significantly improve after 2003, […]

GCC Disapproves of Iranian Influence

By Patrick Schmidt. During a meeting of the Gulf Cooperation Council (GCC), member states expressed their dissatisfaction with the influence Iran has had in Iraq since the rise of the Islamic State (IS). The GCC announced they supported a united Iraq, recognized its territorial sovereignty and condemned interference in Iraqi internal affairs. Iran’s influence has […]

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Dunia Weekly Iraq Market Tracker

Advertising Feature Iraq Business News is delighted to bring you the latest Iraq Market Tracker report from Dunia Frontier Consultants. The market tracker highlights the activities and market performance of a basket of publicly traded firms who derive a significant percentage of their revenues from operations in Iraq, but are traded on foreign exchanges: a […]