The latest news on Iran – Iraq business – gas, oil & electricity Industries & more – brought to you by Iraq Business News
A top Iranian environment official said on Monday that Tehran and Baghdad will jointly invest $1.2 billion [1.4 trillion Iraqi dinars] in a project to reduce the number of sand dunes in a bid to cut the number of sandstorms. "In order to reduce gravel levels we have signed an agreement with a foreign company […]
Levels of violence rose in Iraq for the fourth week in a row last week, with a number of people killed and injured in nationwide attacks. Violence was concentrated in Baghdad, Mosul and the districts surrounding the capital. As warned in last week’s Security Update on Iraq Business News there were several attacks conducted against […]
Levels of violence rose in Iraq over the past week. Conditions are still quieter than July and June but they have been gradually worsening over the course of September. Last week saw a series of brutal attacks, mainly in the central region, affecting Baghdad and the provinces of Anbar and Babil. Mosul in the north […]
Levels of violence rose slightly in Iraq over the past week, with attacks concentrated in Baghdad and the districts surrounding it, as well as the two northern cities of Mosul and Kirkuk. There was also a slight spike in activity around the town of Dujayl in Salah ad-Din province. While bombings around the country […]
Iraq and Iran have agreed that the Iraqi committee for demarcation of borders between the two countries should complete its mission by the end of the year, according to AKnews. Ahmed al-Shekhani, a member of the committee, told the agency that the related bodies agreed for the committee to assign landmarks on the border areas of […]
While last week was bloody in Iraq, levels of violence actually fell slightly in the country from the week before. Nonetheless, conditions should still be regarded as hostile, with dozens of people killed in a series of suicide bombings towards the end of Ramadan. As well as several such attacks in the centre of the […]
Azzaman reports that the Iran Foreign Investment Company (IFIC) is willing to invest heavily in a number of projects in the southern Iraqi province of Wassit, and is prepared to accept deferred payment for its acvities. The head of the province’s information office, Majid al-Atabi, said the company’s offer was tempting because Wassit did not […]
Fars News Agency reports that a senior Iranian oil official has announced that the country has worked out an agreement with Iraq to develop joint oil fields along the countries' shared border. The Managing Director of the Iranian Central Oil Fields Company (ICOFC) Mehdi Fakour added, "We are waiting for the Iraqis to be prepared […]
Iran's Deputy Commerce Minister, Hamid Safdel, said Iran has plans to increase its annual trade with Iraq from the current level of around $6 billion to $10 billion, the official IRNA news agency has reported. Speaking at a seminar titled "Opportunities in the Iraqi Market", the minister said that the Iraqi market is very competitive, […]
Up until Monday, the past week was turning into one of the quietest so far this year, but then a series of mass casualty attacks swept the country, leaving dozens of people dead and injured. Provincial government buildings and security force installations and patrols were the most common targets of the attacks, although civilians were […]
The Iraqi Trade Ministry said Wednesday that the value of trade with Iran, discounting oil activities, has hit $4 billion [4.8 trillion Iraqi dinars] this year so far, according to a report from AKnews. The Director General of Foreign Economic Relations at the ministry, Hashem Hatem, told the agency that the Ministry is seeking to […]
Levels of violence neither escalated nor decreased significantly in Iraq over the past week, although thankfully conditions are currently quieter than earlier in the summer. Across the country there were no reported kidnappings or suicide bombings, which is a welcome change from normality. It is likely that militants are lying low at present, partly because […]
