The latest news on Iran – Iraq business – gas, oil & electricity Industries & more – brought to you by Iraq Business News
By John Lee. In his latest monthly investment report for Iraq Business News, Ahmed Tabaqchali shows that the gap between the parallel and official exchange rates for the Iraqi dinar (IQD) had already been rising before the U.S.-Israel war on Iran started, due to domestic customs policy changes making it harder for informal importers to […]
By John Lee. The Ministry of Electricity has confirmed that imported gas supplies from Iran are continuing at a reduced level of six million cubic metres per day (6mcm/d). Official spokesperson Ahmed Mousa Al-Abadi said the current volumes remain below contracted levels and continue to affect generation units and power stations. He noted that milder temperatures […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq braces for escalation amid fears of fallout from Iran-Israel-US war The continued region-wide confrontation has put Iraq on a knife's edge, driving fears that the country could be dragged further into the […]
By John Lee. Iraqi air defences have intercepted and shot down nine drones targeting military sites in Dhi Qar and Basra provinces, according to updates from the Joint Operations Command. Four drones were downed after attempting to strike a military location inside Imam Ali Air Base in Dhi Qar province. Two were intercepted at 22:50, […]
By John Lee. The Iraqi government has reaffirmed its rejection of war and military escalation following attacks on Iraqi sites, during a security meeting chaired by Prime Minister Mohammed Shia Al-Sudani. The meeting, held at the Joint Operations Command headquarters, reviewed the security situation after several Iraqi locations were targeted, resulting in fatalities and injuries. […]
By Guest Blogger. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. The Iraqi Dinar Caught in the Crossfire: What a Trump-Iran Military Conflict Would Mean for Iraq's Currency The Middle East is once again on the edge. The United States has assembled its largest […]
By Clayton Seigle, for the Center for Strategic and International Studies (CSIS). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. If Trump Strikes Iran: Mapping the Oil Disruption Scenarios President Donald Trump has hinted at potential military strikes unless Iran agrees to fully abandon […]
By John Lee. A $65-billion investment is planned to transform the Al-Tayeb border area into a multi-service economic city, according to the National Investment Commission (NIC). Commission Chairman Dr Haider Mohammed Makkiya (pictured) told the state-run Iraqi News Agency (INA) that Al-Tayeb is envisaged as an economic city covering more than 120,000 dunams, with total […]
By John Lee. Nouri Al-Maliki (pictured), head of the State of Law Coalition, has confirmed that he will not withdraw his candidacy for the post of Prime Minister, in remarks to Agence France-Presse (AFP) on Monday. He said that any US messages are directed to the Iraqi state rather than to him personally, and rejected […]
By Dr Renad Mansour for Chatham House. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. What Nouri al-Maliki's prime minister bid tells us about Iraq The surprise return of the controversial former leader has revealed that Iraq is still a US-Iran battleground. Click here […]
By John Lee. The Council of Ministers has designated the Mandali-Sumar border crossing as an international border point. The crossing is situated between Diyala and the Iranian province of Kermanshah. According to a statement from the Prime Minister's Office, the decision was made in accordance with the Border Crossings Authority Law No. 30 of 2016. […]
By John Lee. Mark Savaya, US President Donald Trump's special envoy to Iraq, has said that corruption must be tackled decisively if Iraq is to achieve stability, arguing that militias are a symptom rather than the root cause of the country's challenges. He identified fake payrolls, fake loans, and fictitious assets as major sources of […]
