The latest news on Turkey – Iraq business – air Industry, infrastructure & more – brought to you by Iraq Business News
Since late June, media has reported on wildfires in northern parts of Iraqi Kurdistan among the border with Turkey, along the border with Iran in the northeast and in the southeast of Iraq at the Hawizeh marshes, bordering Iran. A hazardous cocktail of climate change-induced increased summer heat, water shortages, military shelling of various armed […]
By John Lee. The state-owned Trade Bank of Iraq (TBI) has reportedly put plans to buy a Turkish commercial bank on hold because of the fall in the Turkish lira. TBI chairman Faisal al-Haimus told Reuters that the bank is keen to expand its footprint in Turkey, Iraq’s largest trading partner. According to the report, TBI has […]
By John Lee. During his official visit to Turkey, Prime Minister Haider Al Abadi has underscored the importance of cooperation between Iraq and all neighbouring countries for the peace and security of the people of the region. His statement can be viewed here: (Source: Govt of Iraq)
By John Lee. Turkish and Iraqi officials have reportedly announced plans for a feasibility study in advance of opening a new border crossing point 12 kilometers west of Habur. The new crossing would be named Ovaköy. (Source: Hurriyet Daily News)
By John Lee. Oil Minister Jabar Ali al-Luaibi [Allibi, Luiebi] (pictured) as ordered Iraq's state-owned oil companies to devise an urgent plan to develop the Mansuriyah (Mansouriya) gas field, following what he described as the delay and the failure of foreign companies to start developing the field. The field, in Diyala province, was awarded in […]
By John Lee. Iraqi Oil Minister Jabar Ali al-Luaibi [Allibi, Luiebi] has said that Iraq is still in talks with Turkey and Kurdish regional authorities to resume exports of Kirkuk crude oil through the Turkish port of Ceyhan (pictured). He said that production from Kirkuk is currently 220,000 bpd, which is entirely used by local […]
By John Lee. UK Export Finance (UKEF) has published its annual report and accounts for 2017 to 2018, in which it lists three export projects supported in Iraq: Enka UK Construction Ltd received letter of credit guarantees and supplier credit totalling £87,910,650 for the construction of a gas-fired power plant for Iraq's Ministry of Electricity; […]
By Wassim Bassem for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Iraq's favorite lake dries up in sign of worse to come Karbala’s Lake Milh hasn’t seen a lot of visitors in the last few years. Once a popular picnic destination for Karbala […]
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. By Ibrahim Saleh. Multi-Billion Dollar Budget Needed To Keep Iraq’s Water Flowing In Baghdad, locals have been fretting about dramatic falls in the level of the Tigris river. The government […]
By John Lee. According to a report from Rudaw, the Kurdistan Region sells thousands of tons of plastic and cardboard waste to Turkish companies who recycle it and sell the products back to Kurdistan. Over the past two years, the KRG had issued 42 licenses to export 431,000 tons of waste plastic and cardboard. Read […]
By John Lee. Turkey has reportedly postponed the filling of the Ilisu Dam on the Tigris river until July, as fears of major water shortages in Iraq increase. According to a report from The National, water levels of the Tigris have reduced significantly since last week, sparking renewed panic among Iraqis. The Turkish Ambassador to Iraq, […]
By John Lee. Prime Minister Haider Al-Abadi chaired a meeting of the Ministerial Council for National Security (pictured) on Sunday, focusing on the water shortage in Iraq. The Council viewed a presentation by the Minister of Water Resources, Hassan Al Janabi, which included a plan to address the expected water scarcity for the current summer. […]
