The latest news on Iraq – Kuwait business – investment, Disputes and more – brought to you by Iraq Business News
The Kuwaiti ambassador to Baghdad, Ali al-Muamman, has announced that 50 Kuwaiti companies will begin work in Iraq at the end of this month, after being informed of the investment law details by the Chairman of the National Investment Commission (NIC), Sami al-Araji, who visited Kuwait recently. "The Kuwaiti companies were afraid of entering Iraq […]
Iraq has asked its Arab neighbours to forgive its pre-invasion debts, urging them to follow the United Arab Emirates and Algeria which have already written off what they were owed, according to Reuters. "We've asked Saudi Arabia, Kuwait, Qatar, Libya, Jordan, Sudan, Egypt and Morocco to help Iraq in closing up its debt situation," Iraqi […]
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 […]
Following the successful bilateral discussions between the governments of Kuwait and Iraq, Jazeera Airways announced that it has secured rights to operate the Kuwait-Al Najaf route and intends to launch the route within the next six months. Jazeera Airways, which currently operates 18 non-stop routes in the Middle East from Kuwait, will be the first […]
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Iraq announced on Wednesday that it had finalised several agreements with Kuwait on long-running disputes, including the issue of of compensation to Kuwaiti Airways from Iraqi Airways. Under the deal, Iraq will pay Kuwait $300 million in cash and will invest another $200 million in a joint Iraqi-Kuwaiti airline venture, to settle a claim by […]
The leaders of the Gulf Cooperation Council said they support Kuwait in its dispute with Baghdad over the construction of the Mubarak port. The leaders declared at the conclusion of their regular summit in Riyadh that Mubarak port will ve established on Kuwaiti land and within its territorial waters as per the borders drawn by […]
The Oil and Energy committee of Iraq's Council of Representatives announced on Sunday that there are 10 oil fields stradling the Iraqi-Kuwaiti border that are waiting to be demarcated, according to AKnews. Committee member Furat al-Sharei told the agency that the oil will be extracted from these fields after finding joint mechanisms between the countries. […]
During an official visit to the State of Kuwait on 23 - 25 November, the Special Representative of the United Nations Secretary-General (SRSG) for Iraq, Mr. Martin Kobler, was received by the Amir of the State of Kuwait, H.H. Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, in the country’s capital, Kuwait City. SRSG Kobler also met with […]
AKnews reports that Iraqi Prime Minister Nouri al-Maliki has accepted an official invitation from the Kuwaiti Prime Minister Naser al-Mouhammed to visit the country in the coming days to discuss the outstanding issues between the two countries. Among the issues causing tensions between the two neighbours are shared oil fields, land and water border demarcations, […]
This article was written by Ahmad Wahid, and was originally published by the Institute for War and Peace Reporting, iwpr.net. It is reproduced by Iraq Business News with permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Thousands of Iraqis working across five ports […]
In its latest quarterly report, Kuwait Energy has issued an update on its Iraqi operations: The Iraqi Ministry of Oil announced its intention to offer 12 exploration blocks covering various locations in Iraq. Technical data for each block was made available for purchase in September 2011 along with a preliminary Exploration, Development and Production Service […]
