Tag Archives | mn

Petrel Resources eyes Opportunities in Iraq

By John Lee. Irish-based Petrel Resources has said that one of its main priorities has been re-building its presence in Iraq. In its financial results for the six months ended 30th June 2019, the company said: “While challenges remain, the Iraqi government encourages international investors with Iraqi operating experience.  The security situation has dramatically improved […]

Iraq steps up Search for Advanced Air Defense System

By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Iraq recognizes its urgent need to develop a defense system to prevent violations of its airspace and targeting of its Popular Mobilization Units (PMU) sites. Whether the solution will […]

Monetization Strategies for Development of Border Oil Fields

By Ahmed Mousa Jiyad. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Monetization Strategies for Joint Development of Border Fields in MENA Region Many hydrocarbons fields and exploration blocks, with billons barrels of petroleum, straddle sovereign borders (both onshore and offshore) in the Middle […]

$20m Order for US Trucks in Iraq

By John Lee. Navistar Defense has been awarded a $19,847,322 firm-fixed-price Foreign Military Sales (Iraq) contract for cargo trucks (6×6 General Transport Trucks, 6×6 Ton Recovery Wrecker and GTT spares). Bids were solicited via the internet with one received. Work will be performed in Lisle, Illinois, with an estimated completion date of May 15, 2020. […]

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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KRG to Repay Farmers’ Debts

By John Lee. The Kurdistan Regional Government (KRG) is to repay the debts of what it describes as “around 9,000 hardworking farmers“. In a statement, the KRG said the Ministry of Agriculture and Water Resources will repay over IQD 222 billion (USD 186 million), in line with the new government’s objective of developing and diversifying […]

GardaWorld Weekly Security Report

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 […]

Brick Makers seek Financial Support from KRG

By John Lee. Manufacturers of red bricks are reportedly criticizing the Kurdistan Regional Government (KRG) for its failure to financially support the industry and capitalize on demand in the rest of Iraq. According to information obtained by Rudaw, the Kurdistan Region has 11 advanced brickworks, with the capacity to produce some 860 million bricks annually, […]

Commission of Integrity returns $135m to Oil Ministry

Iraq’s Commission of Integrity yesterday announced that it had returned $135 million of misappropriated funds to the oil ministry, the Anadolu Agency reported. The commission said that the company for the distribution of oil products misappropriated funds through contracts with two oil investment companies. Iraq is among the world’s most corrupt states according to Transparency […]

Iraq works to distance itself from US-Iran Tension

By Ali Mamouri for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq works to distance itself from US-Iran tension after Saudi Aramco attack Attacks that occurred Sept. 14 against Aramco oil processing facilities in Saudi Arabia, resulting in huge fires and halting near half of the supply from […]

KRG to Improve Protection for Intellectual Property

By John Lee. The Kurdistan Regional Government (KRG) has agreed that it will update and fully implement legislation on intellectual property, protecting the Kurdistan Region’s entrepreneurs, academics and businesses from infringement. A legal committee will also be established to review new draft legislation for approval in this session of the Kurdistan Parliament. (Source: KRG)

Iraq Purchase of Russian S-400 ‘not on the table yet’

Iraq is not discussing the purchase of the Russian S-400 missile defense system, Iraq’s ambassador to Russia has told Rudaw, following rumors Baghdad is in the market for such a system to counter recent Israeli airstrikes on Iraqi territory. “There haven’t been and there aren’t any discussions or consultations between the Iraqi government and the […]