By John Lee. Iraq reportedly reopened the Al-Qaim border-crossing with Syria on Monday, following a closure of eight years. Syrian Interior Minister Mohammad Khaled al-Rahmoun, is quoted as saying that the opening signified “the victory of the Iraqi and Syrian people over all terrorist groups, especially Daesh.” According to Reuters, the crossing is crucial for […]
By John Lee. Dubai-based Careem has reportedly launched its ride-hailing services in Mosul. According to a report from Arabian Business, the company plans to roll out its full suite of services in the future. Careem entered the Iraqi market in January 2018; it was bought by Uber for $3.1 billion in March 2019. More here. […]
By John Lee. Baghdad-based Ummet Al Salam has won a tender for the rehabilitation of internal roads in Al Ramadi (pictured) from United Nations Office for Project Services (UNOPS). The contract is valued at $567,840. (Source: UNGM)
By John Lee. The Kurdistan Regional Government (KRG) has reportedly banned the import of grapes into the Kurdistan Region. Rudaw quotes Hussein Hama Karim, KRG's Agriculture and Water Resources spokesperson, as saying: "The ban is to protect our domestic product ... We will continue our efforts to completely ban the illegal import of products into […]
The Turkish Cooperation and Coordination Agency (TİKA) continues to lend a helping hand to Iraq from Turkey though the projects it implements. TİKA has been carrying out important work for the reconstruction of the damaged infrastructure in Iraq, which has been destroyed by the terrorist organization ISIS, in order to establish public services, accelerate returns […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Transparency in the Arab Countries’ Upstream Petroleum Sector- Iraq as case study* While upstream petroleum sector is either dominant or has significant importance in many Arab economies of MENA region, the transparency […]
By John Lee. Iraq’s Ministry of Oil has finalised oil exports for July of 111,706,135 barrels, giving an average for the month of 3.603 million barrels per day (bpd), up from the 3.556 million bpd exported in July. These exports from the oilfields in central and southern Iraq amounted to 107,520,044 barrels, while exports from […]
An Iranian private bank has been authorized by the Central Bank of Iraq (CBI) to open seven branches in the Arab country, an official said. According to the Chairman of the Iranian Private Banks Institute, Koorosh Parvizian, the Iranian private bank has already opened two of the seven branches in Iraq. He noted that opening […]
By John Lee. There is a battle for influence in Iraq today, and Iran is winning, according to an opinion piece in National Interest. Michael Rubin (pictured), resident scholar at the American Enterprise Institute, writes that while diplomats from other countries are free to enjoy the return to normalcy in Baghdad, with its new and […]
GardaWorld, a global leader in comprehensive security and risk management, has made its weekly security report available to Iraq Business News readers. Prepared by GardaWorld's Risk Analysis Team in Iraq, this essential report includes short- and medium-term outlooks on the security situation, reports and commentary on recent significant events, and a detailed overview of developments […]
The Iraq Britain Business Council (IBBC) is hosting over 250 Iraqi business people to a special trade and business conference in Westminster central hall on November 13th all day. The business people will be looking for British companies to interact and meet, for imports and exports of a wide range of products and sectors. British […]
ACWA Power, a Saudi-based developer, owner, and operator of power generation and water desalination plants, has signed a Memorandum of Understanding (MoU) with Iraq Energy Institute (IEI), an independent non-profit policy institute, to collaborate on research development projects and enhance capacity building programs that will contribute to the optimum development of Iraq’s energy sector. The […]
