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Overview Levels of violence rose last week in Iraq as Shi'ahs marked al-'Ashura. Pilgrims travelling to the holy city of Karbala were attacked on several occasions, in Baghdad and the central provinces, although Karbala itself saw little in the way of violence. The police arrested numerous suspected militants ahead of the event and many potentially […]
The Iraqi Prime Minister, Nouri al-Maliki, allegedly told U.S. diplomats that oil giant Chevron has been in talks with Tehran about developing a cross-border oilfield with Iraq, according to a cable released by WikiLeaks. Dow Jones reports that the cable, sent by the U.S. Embassy in Baghdad, summarizes a conversation between the U.S. diplomats and […]
According to a report from Reuters, Turkish clothing and beer are hot sellers in the streets of Erbil, the capital of Iraq's Kurdish north, while in the South, Iranian cars roam the streets of Basra and Iranian pilgrims flock to Iraq's holy sites. Sunni Ankara and Shi'ite Tehran, old rivals turned friends, are vying for […]
Ayad Allawi has reportedly threatened to quit the power-sharing government according to an interview with Britain's Times newspaper on Tuesday. "Power-sharing is not happening," Allawi said. "It is not set to work in a meaningful way... If it does not change, I will not participate." Despite his Iraqiya block narrowly winning elections in March, Allawi […]
An economic adviser in the Iraqi government said on Friday that, of all countries having companies operating in Iraq, Turkey is the best represented, followed by France. Salam al-Quraishi told AKnews that there are now 270 Turkish companies operating throughout Iraq, mostly specialized in construction of residential complexes and providing electrical power. "French companies are […]
A leading official in the Iraqi Ministry of Finance said on Monday that the Iranian banks currently operating in Iraq, and those planning to open branches in the country, are not covered by UN sanctions as they are not state-owned. The Finance Ministry’s undersecretary, Fadel Nabi, told AKnews that the Iranian banks present in Iraq […]
The Head of Tehran's Chamber of Commerce, Industries and Mines, Yahya Al-Ishaq, said Iran regards Iraq as one of the major investment locations in the Middle East region, the local satellite Press TV reported on Monday. Iraq's market and economic relations with Iran is a great opportunity for Tehran, and any failure to grasp this […]
Basra University has signed a memorandum of understanding (MOU) with Iran's Martyr Jamran University to enhance scientific and cultural exchange. University president Dr. Saleh Ismail told Iraq's National Media Center that the university aims to develop the abilities of its teaching staff, and use the expertise of international universities in the fields of science and […]
The managing director of Iran's Arvand Free Zone, Ali-Asghar Parhizgar, has said Iraqi banks have filed requests to set up branches in the zone, according to a report from Tehran Times. Since the establishment of foreign banks' branches in Iran's free zones was facilitated, Iraqi banks have welcomed setting up shops in Arvand Free Zone, […]
The managing director of the Iranian Central Oil Fields Company (ICOFC), Mehdi Fakour, reported of a new round of negotiations with Iraqi oil officials to achieve a ‘common language’ to expand cooperation on the development of shared fields, based on national interests of the two countries. In an interview with the Iranian news agency Shana, […]
The outgoing Iraqi government announced on Friday that the demarcation of borders on the Shatt al-Arab will begin at the beginning of November under the supervision of the United Nations (UN), according to AKnews. The Shatt al-Arab is where the Tigris and Euphrates rivers meet and flow into the Persian Gulf. Ahmed al-Shihani, foreign affairs […]
The deputy director of the Babel Investment Commission said that an Iranian company has been granted an investment licence to build an oil refinery in the province. Abbas al-Tai told AKnews that the Iranian company, IR Haval, will set up the refinery for filtering diesel oil, which is produced in abundance by the Iraqi refineries. […]
