The latest news on Iraq – Kuwait business – investment, Disputes and more – brought to you by Iraq Business News
Foreign Minister Hoshyar Zebari and his accompanying delegation arrived the State of Kuwait on January 14, 2014. They were greeted at the airport, by the head of the Arab Ambassador Hamid Failkawi and the Iraqi Ambassador in Kuwait Mr. Mohammed Bahr al-Ulum and Kuwaiti Ambassador in Iraq, Mr. Ghassan Al-Zawawi. The delegation will be headed […]
By John Lee. The Kuwaiti Ambassador to Iraq, Mr Ghassan Al-Zawai, met with the Head of the KRG Department of Foreign Relations, Minister Falah Mustafa yesterday to discuss ways of further developing ties with Kurdistan particularly as Kuwait plans to open its Consulate General in Erbil soon. After Kuwait’s decision to open its Consulate General […]
By John Lee. Oil Review Middle East reports that the Kuwait-based Safwan Petroleum Technologies Company (SPETCO) has said that it is looking to expand its upstream oil and gas services in Iraq and Saudi Arabia. Anish Abraham, the company's manager of OFS/BD, told ORME that its specific attention in terms of marketing and distribution was […]
By John Lee. Kuwait Energy and Dragon Oil have secured a rig from the Iraqi Drilling Company (IDC) to spud an exploratory well at Block 9 in Basra Province by the end of the year. In parallel, the consortium has selected a provider for Environmental Impact Assessment, Environment Base Line Survey and contractors to perform de-mining […]
By John Lee. Reuters reports that China's state-owned Sinochem Corp plans to use Iraqi crude oil for 40 percent of the capacity of its new refinery, in what the article describes as "the latest example of Iraq beating Middle Eastern rivals in the competition for new markets in Asia". The deal wold replacing a preliminary […]
By John Lee. Vice-President of the Republic Dr. Khudair Alkhozai and the Minister of Foreign Affairs Mr. Hoshyar Zebari met His Highness Prime Minister of the State of Kuwait the Amir Sheikh Sabah Al-Ahmad Al-Sabah and Kuwaiti Foreign Minister Sheikh Sabah Khaled Al-Hamad Al-Sabah on the sidelines of the sixty-eighth session of the General Assembly […]
By Omar al-Shaher for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq has decided to exempt foreign companies involved in the Faw Port project from customs duties and taxes. This decision was an attempt to accelerate the completion of the stalled project, through […]
By John Lee. The U.N. Security Council unanimously agreed today (Thursday) to move several outstanding issues between Iraq and Kuwait from Chapter VII to Chapter VI of the UN Charter, reports Reuters. Chapter VII allows the Security Council to authorize actions ranging from sanctions to military intervention if states do not abide by council demands, […]
The United Nations Security Council is due to meet today to discuss the removal of Iraq, partially or fully, from Chapter VII of the UN Charter. The sanction, which threatens with "action by air, sea, or land forces as may be necessary to maintain or restore international peace and security", was imposed on Iraq following […]
By Mushreq Abbas for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. After more than 23 years under the scope of UN Chapter VII following its invasion of Kuwait in 1990, Iraq finds itself closer than ever to getting out from under that […]
By Nassif Hitti for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The outcome of the Kuwaiti prime minister's [Sheikh Jaber al-Mubarak al-Hamad al-Sabah (pictured)] visit to Baghdad [June 12] constitutes a breakthrough in the relations between the two countries. This occurred two […]
The official visit to Baghdad of Kuwait's prime minister, Sheikh Jaber Mubarak Al-Hamad Al-Sabah, appears to mark a significant development in the improving relations between the two countries. Following their meeting on Wednesday, officials from both sides signed a series of agreements relating to diplomacy, the economy, transport, culture, higher education and the environment. In […]
