Tag Archives | Kuwait

The latest news on Iraq – Kuwait business – investment, Disputes and more – brought to you by Iraq Business News

Iraq Reparations to Kuwait Extended to 2022

By John Lee. The United Nations Compensation Commission (UNCC), which was established to pay compensation for losses and damage as a direct result of Iraq's unlawful invasion of Kuwait in 1990, has made available $230 million to the Government of Kuwait towards the Commission's remaining claim with an outstanding award balance. With this payment, the […]

New Food Delivery App to enter Iraq

By John Lee. Kuwait-based food and grocery delivery app Talabat has announced the expansion of its services into Iraq. The app, which operates in eight markets throughout the MENA region, will initially launch operations in Erbil in early 2021, before expanding into Federal Iraq in 2021. Founded in Kuwait in 2004, talabat continues to revolutionise […]

What can Iraq Gain from Kuwait and Saudi Arabia?

By Antonino Occhiuto, for the Italian Institute for International Political Studies (ISPI). Any opinions expressed are those of the author(s) and do not necessarily reflect the views of Iraq Business News. What Can Iraq Gain from Kuwait and Saudi Arabia At first glance, managing and developing ties with Iraq's neighbours seems to be only one […]

Local Businesses get Boost from Iraq Lockdown

By John Lee. Iraq's national lockdown in response to the coronavirus (COVID-19) pandemic has reportedly given a boost to local businesses. According to a report from AFP, local businesses no longer have to compete with imports from countries such as Turkey, Iran, China, Saudi Arabia, Jordan and Kuwait. It quotes the owner of an ice-cream […]

Iraq pushes for Rescheduling of Reparations to Kuwait

Iraq's Minister of Finance, Ali Allawi, arrived in Kuwait on Saturday for talks with senior officials. Mr. Allawi held discussions with the Prime Minister of Kuwait, Sheikh Sabah Al-Khalid Al-Sabah, on bilateral relations and delivered a written message from Prime Minister Mustafa Al-Kadhimi. He also held talks with the Minister of Finance, Barrak Al-Shitan, the […]

Iraq confirms first case of Coronavirus

By John Lee. Iraq's Ministry of Health has confirmed the first case of the coronavirus (covid-19) in the country. It said that an Iranian student had tested positive for the virus in Najaf. The student is reported to have been immediately quarantined. Following the announcement, Kuwaiti state news agency KUNA said that Kuwait’s civil aviation […]

UGH gets Approval to buy stake in Bank of Baghdad

By John Lee. Bahrain-listed United Gulf Holding (UGH) has received approval from the Central Bank of Iraq (CBI) to buy a 51.8 percent stake in Bank of Baghdad. According to The National, the company will acquire the stake from Kuwait-based Burgan Bank. The stock-market announcement can be found here. (Sources: UGH, The National)

New Evidence of Corruption in Iraq

By John Lee. Court filings in the United States have reportedly shed new light on corruption in Iraq. Louis Auge, of EU Reporter, writes that two members of Iraq’s Communications and Media Commission (CMC) recieved houses in London in return for their role in the expropriation of over $800 million from French telecom firm Orange […]

Iraq, Kuwait‌ ‌"at‌ ‌loggerheads‌" ‌over‌ Maritime Border

From Middle East Monitor, under a Creative Commons licence. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Iraq and‌ ‌Kuwait‌ ‌are at‌ ‌loggerheads‌ ‌over‌ ‌conflicting‌ maritime border ‌claims‌ Efforts‌ ‌to‌ ‌resolve‌ ‌a‌ ‌slow-burning‌ ‌maritime‌ ‌boundary‌ ‌dispute‌ ‌between‌ ‌Iraq‌ ‌and‌ ‌Kuwait‌ ‌hit‌ ‌a‌ ‌dead […]

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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 Experts "fear Free Economic Zone with Kuwait"

By John Lee. The economic agreements signed between Kuwait and Iraq have recently raised concerns among Iraqi experts, who warned against “political courtesy” at the expense of the country’s interests in relation to the proposed free trade zone on the border between the Iraqi city of Basra and Kuwait. A member of the Council of […]