The latest news on Iraq – Kuwait business – investment, Disputes and more – brought to you by Iraq Business News
By John Lee. The President of Iraq's Supreme Judicial Council (SJC), Dr Faiq Zidan, has issued a statement regarding the legal dispute about the Khor Adbullah waterway, between Iraq and Kuwait. Here are the main points: Background and Legal Framework: The Iraq-Kuwait navigation agreement for Khor Abdullah was signed in 2012 as a technical response […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Will maritime dispute with Kuwait sink Iraqi PM's political fortunes? Following decades of mistrust and tension following Iraq's 1990 invasion of Kuwait, relations between the two neighbours have thawed in past years. However, […]
By John Lee. Kuwait's Zain Group has reported increased revenue and profit at its Iraqi telecom business: Revenue Growth: In Q1 2025, Iraq's revenue grew by 13% to reach USD 286 million. EBITDA Growth: EBITDA increased by 13% to USD 105 million, reflecting an EBITDA margin of 37%. Net Income: Net income soared by 73% […]
Al Uroush Automotive Limited becomes authorised Rolls-Royce Motor Cars dealer in Erbil, Iraq Rolls-Royce Motor Cars Iraq will offer the full Rolls-Royce model portfolio and dealer services at a temporary facility with showroom planned for 2026 First dealer in the country since the foundation of the brand 120 years ago Luxury market in Iraq is […]
By John Lee. Iraq's Minister of Electricity, Eng. Ziyad Ali Fadel, has addressed key energy issues in interviews with Al Arabiya and Al Hadath, outlining government efforts to secure power supply and mitigate potential summer shortages. Key points include: The halt of exemptions has affected 800 MW of electricity imports from Iran, impacting Diyala, Maysan, […]
By John Lee. An arbitration tribunal has been appointed in the case of Agility Public Warehousing Company K.S.C. v. Republic of Iraq (ICSID Case No. ARB/17/7). Its members are: Sarah Grimmer (New Zealand), President, appointed by agreement of the Parties; Stephen L. Drymer (Canadian), appointed by Claimant; and Dr. August Reinisch (Austrian), appointed by Respondent. […]
By John Lee. Iraqi President Dr. Abdul Latif Rashid met with the new Kuwaiti Ambassador to Iraq, Hassan Mohammed Al-Zaman, in Baghdad on Monday, 10th February, to discuss bilateral relations and economic cooperation. President Rashid reaffirmed Iraq's commitment to strengthening ties with Kuwait, highlighting investment opportunities and the importance of expanding economic collaboration. He also […]
By John Lee. Qatar-based Ooredoo Group has partnered with France's Alcatel Submarine Networks (ASN) to build the Fibre in Gulf (FIG) submarine cable. The cable, connecting Qatar, Oman, the UAE, Bahrain, Saudi Arabia, Kuwait, and Iraq, will have a capacity of up to 720Tbps with 24 fibre pairs. Ooredoo said in a statement that the […]
By John Lee. Iraqi President Abdul Latif Jamal Rashid has formally received the credentials of the newly appointed ambassadors of Kuwait, Japan and Armenia during a ceremony at Baghdad Palace. The ambassadors welcomed included: Hasan Mohammad Zaman of Kuwait, Akira Endo of Japan, and Ruben Soghoyan of Armenia. The event was also attended by Deputy […]
By John Lee. Kuwait-based Safir Hotels & Resorts has announced its entry into Iraqi Kurdistan with a new 5-star hotel in Erbil. The management contract was officially signed between Hariri Building & Contracting Co. HARCO Offshore, the hotel's owning company, represented by Mr. Mostafa Al-Hariri, Chairman of the Board, and Safir International Hotels & Resorts, […]
By John Lee. The Iraqi Drilling Company (IDC) has completed drilling a new injection well in the Siba Gas Field in Basra Province. The well, drilled to a depth of 1,215 meters, marks the first project completed under a contract with Kuwait Energy. Kuwait Energy recognized the drilling team's exceptional performance, awarding them for completing […]
By John Lee. Canada's Sonoro Energy has announced the signing of a Heads of Agreement ("HOA") with TransAtlantic Petroleum LLC, a privately owned energy company headquartered in Dallas, Texas, to evaluate production investment opportunities in Iraq. Sonoro is chaired by Sara Akbar (pictured), co-founder of Kuwait Energy Company (KEC), which has had interests in Iraqi […]
