By John Lee. Iraq's Ministry of Oil has announced preliminary oil exports for April: Total exports of crude oil in April: 98,634,947 barrels Revenues from April's crude oil exports: $7.796 billion Oil fields in central and southern Iraq accounted for all of April's crude oil exports, as exports from Kirkuk through the port of Ceyhan […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Rise and Demise of EITI in Iraq Enthusiasm and commitment to the international Extractive Industry Transparency Initiative (EITI) in Iraq gathered momentum and zeal from 2008 to mid-2013, then declined sharply […]
By John Lee. The Iraqi Minister of Health of Iraq, Prof. Dr. Saleh Al-Hasnawi, met with representatives from the German Agency for International Cooperation (Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH) and the German Deputy Minister of Health to discuss cooperation between the two countries. They discussed increasing cooperation in digital electronic governance, transferring German […]
In coordination with the Iraqi Ministry of Water Resources, the Kurdistan Region will construct three new strategic dams to capture one billion cubic meters of water. Within the framework of the Kurdistan Regional Government's strategic plan to fight drought, three dams named "Dalga", "Mandawa", and "Bakrman" will be constructed in the Erbil, Duhok and Raparin […]
By John Lee. Prime Minister Mohammed S. Al-Sudani has supervised the launch of two new projects aimed at relieving traffic congestion in Baghdad. The first project involves the construction of two overpass bridges at the intersection of Aden and Sana'a squares on the Karkh side of Baghdad. The second project includes the construction of two […]
By John Lee. The French Consul General in Mosul, Jean-Christophe Augé, has opened a new visa application centre in Mosul. This makes France the first EU country to open visa service in the city. Based in the offices of Mosul Space, the centre is run by TLScontact, part of Paris-based Teleperformance Group. (Source: @AugJeanChristo1)
By John Lee. The Central Bank of Iraq (CBI) has launched the Banking Supervision Reporting System (BSRS), which will collect financial data from banks and non-banking financial institutions. According to a statement from the CBI, the system will provide the Banking Control Department with a clear view of the financial status of financial institutions, enabling […]
By John Lee. The Chairman of Iraq's National Investment Commission (NIC), Dr. Haider Muhammad Makiya, met with the Syrian Ambassador to Baghdad, Mr. Sattam Jadaan, to discuss strengthening economic cooperation between Iraq and Syria. They talked about potential joint investment opportunities in various sectors, including housing, oil, industry, agriculture, and electricity. The Chairman expressed Iraq's […]
Kurdistan to host world's largest football cup for unaffiliated regions The Kurdistan Region will host the 2024 CONIFA World Football Cup with the participation of teams from 16 regions from around the world. In an interview with the Department of Media and Information, Tariq Abdulrahman, President of the Kurdistan Football Association said that "matches will […]
By John Lee. Gulf Keystone Petroleum (GKP) has just published details of its payments to governments for the year 2022: Introduction This report sets out details of the payments made to governments by Gulf Keystone Petroleum Ltd and its subsidiary undertakings ("Gulf Keystone") for the year ended 31 December 2022 as required under Disclosure and […]
By John Lee. The High Committee for the Development of Sadr City convened this week under the leadership of Prime Minister Mr. Mohammed S. Al-Sudani to discuss the practical steps needed to commence construction of the new city. During the meeting, the committee engaged in extensive discussions about the project's implementation mechanisms, requirements, and how […]
Water levels in Kurdistan's reservoirs increase following heavy rains Reservoirs across the Kurdistan Region saw a huge increase in water levels following recent heavy rainfall. Dewana Dam in Garmian was completed in 2022 and filled to capacity in 2023, overflowing during the last month. The dam's director told the KRG Department of Media and Information […]
