By Suadad al-Salhy for Middle East Eye. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. How Iraq caused a currency crisis by paying Iran in dinars Desperate to avoid power shortages, Kadhimi's government gave Iran billions of dinars. US sanctions however mean it […]
By John Lee. The Prime Minister of Iraq has stopped the granting of investment licenses for the Al Rafeel [Rafael] City project until inventory, inspection, survey, and land identification actions are completed. Al Rafeel City is planned to cover 10,600 acres close to Baghdad International Airport (BIAP). The Chairman of Iraq's National Investment Commission (NIC), […]
By John Lee. Texas-based law firm Vinson and Elkins has received more than $2.6 million for its role as legal advisor to Iraq's Ministry of Oil in the United States. According to documents filed under the US's Foreign Agents Registration Act (FARA), the sum relates to the six-month period to the end of January. The […]
Remarks for the Ambassador's Keynote Speech at the Iraq Oil and Gas Show Saturday, February 18, 10:45 a.m. (Babylon Rotana Hotel) I have recently returned from Washington, D.C. where we had the privilege of hosting Foreign Minister Fuad Hussein and his 15-member delegation. This visit was historic. It was the first Higher Coordinating Committee that […]
By John Lee. The Industrial Cities Authority, affiliated to the Ministry of Industry and Minerals, held a meeting with the South Korean company TRAC Development Group to discuss establishment of an industrial city in Habbaniyah. Both sides sought to enhance communication and exchange of experiences with countries that are capable of managing industrial cities. The […]
By Simon Watkins for the OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. China Makes Big Moves To Secure Iraqi Oil Whilst the U.S. and its allies appear to be taking a subtle approach to advancing their remaining interests in Iraq, as hinted […]
U.S. Ambassador to Iraq Alina Romanowski's Remarks Virtual Roundtable Discussion with the U.S.-Iraq Business Council January 31, 2023 I am pleased to meet with members of the U.S.-Iraq Business Council. You represent some of the finest companies in the United States, and some of you know Iraq very well. Let me begin by providing a […]
By Andrew Parasiliti for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraqi foreign minister: It's in Iraq's interest to help reduce US-Iran tensions In exclusive interview with Al-Monitor, Fuad Hussein discusses US-Iraq economic relations, regional economic integration, and sanctions on […]
By John Lee. The Office of Security Cooperation-Iraq (OSC-I) at the U.S. Embassy in Baghdad has been working with the Iraqi Ministry of Defense to convert the entire fleet of the Iraqi Army Aviation Command (IqAAC) to U.S.-produced aircraft in order to simplify parts acquisition, maintenance, and training. This quarter, the U.S. Central Command (USCENTCOM) […]
By John Lee. US bakery and café chain Cinnabon has reportedly entered the Iraqi market. According to World Coffee Portal, the Focus Brands-owned operator has opened a store in Baghdad's Al Jadiriyah neighbourhood. Founded in Seattle in 1985, Cinnabon currently operates more than 1,600 franchise locations worldwide, primarily in high-traffic venues such as shopping malls, […]
Fulbrighters live and learn together with people of different cultures and become part of a global network that fosters mutual understanding between nations, advances knowledge across communities, and improves lives around the world. After they return home, they join thousands of alumni serving as leaders across the globe and in every field imaginable. The Fulbright […]
By Adam Lucente for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Trilateral Biden-Abdullah-Sudani call reiterated support for Iraq The Iraqi prime minister also discussed Iraq's economic situation with the president as the dinar continues to slide against the dollar. Jordan's […]
