The latest news on Iran – Iraq business – gas, oil & electricity Industries & more – brought to you by Iraq Business News
Israel is said to be particularly concerned about the Pentagon’s approval for the sale of 36 Lockheed Martin F- 16 multi-role combat aircraft to Iraq. “We are carefully watching the developments in Iraq,” an IDF officer told the Jerusalem Post. “The possible developments there are not immediate, but since the US withdrawal from Iraq we do […]
As Iraq's capital emerges from almost a decade of conflict and civil strife it is becoming an economic battleground for Turkey and Iran: (Source: CNN)
Iraq’s Minister of Transport Hadi al-Amiri (pictured) talks to NIQASH about Iraq’s role in alleged Iranian weapons smuggling into Syria as well US spy drones over Iraq monitoring Iranian activities. “It’s a lie,” al-Amiri says. Al-Amiri also talks about how a recent visit to Iraq’s neighbour, Kuwait, could see Iraqi Airways flying again. And he […]
Iraq has offered "substantial quantities" of crude oil to Sri Lanka, as the island looks for alternatives to Iranian crude, according to AFP. Iran supplies nearly 92 percent of Sri Lanka's imported crude, but will stop crude oil imports from Iran from 29th March, ahead of the US deadline of 28th June. (Source: AFP)
Three sports stadiums are set to be built in Baghdad under plans announced by Kamel Braihi, the director of the engineering and technical department in Iraq's Ministry of Youth and Sports, reports AKnews. He said the three stadiums, to be built to international standards, will be constructed in Sadr City, Rusafa and Tajiyyat. The contract for […]
Normally thousands of Iranian tourists arrive in Karbala daily. But as Western sanctions on Iran hit, pilgrims are staying at home. And the ones that do come are not shopping. Karbala’s merchants say they’re facing financial ruin, according to this article from NIQASH. Any opinions expressed are those of the author, and do not necessarily […]
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 […]
Iraq is demonstrating its unique position in the Middle East again, flexing its new diplomatic muscle to resolve an oil exporting crisis between the West, OPEC and Iran, according to this article from NIQASH. But who’s behind these efforts: Iran, the US or Iraq itself? Any opinions expressed are those of the author, and do […]
Iraq, and the entire Gulf region is nervously contemplating the risk of possible Iranian action to close the Strait of Hormuz in response to sanctions imposed by the US and EU. And that nervousness is echoed around the world, as something of the order of a quarter of the world's oil supply is shipped through […]
Bloomberg reports that Iraq would lose the capacity to export 1.7 million barrels of crude a day if Iran blocks the Strait of Hormuz. “Iraq will have to depend on the northern route from where it can export 450,000 barrels a day through Turkey’s port of Ceyhan on the Mediterranean,” Oil Ministry spokesman Asim Jihad […]
Iran’s Petroleum Engineering and Development Company (PEDEC) has reportedly signed a $200 million deal with domestic company Dana Energy to develop the Changooleh oilfield on the Iraqi border. Naji Sadouni, the managing director of the Iranian company told Mehr news agency that the deal aims to produce 15,000 barrels per day of crude oil in […]
The Iranian currency, the toman, or rial, has lost half its value against the Iraqi dinar in recent weeks following U.S. and European sanctions, according to a report from Azzaman. Iraqi traders welcomed the slump saying it has made the import of Iranian goods much cheaper than before. In the holy cities of Najaf and […]
