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Iraq Business News

A provincial security source stated that Iraqi security forces retook control of two towns after battles with the Islamic State (IS) Sunni radical group in the eastern province of Diyala Monday.
Czech Foreign Minister Lubomír Zaorálek with a delegation including businesspeople and Deputy Defense Minister Tomáš Kuchta will visit Iraq this week to boost business deals, mainly in the defense sector.
MP Hussein al-Maliki of the Iraqi National Alliance assured, "The Council of Ministers issued a decree to appoint the General Inspector of the Interior Ministry, Aqeel al-Khazali, as the Secretary General of the Interior
The Ministry of Oil announces settling the crisis of the cooking gas in Iraq.
MP, Jenan Barsem, of the Citizen Bloc assured that the delay in endorsing the State Budget reflected negatively on the economy of Iraq and prevented thousands of Iraqis from jobs.
Manufacturers and investors in Jordan's free zone are struggling with "sky-high" shipping costs to reach their clients in trouble-hit Iraq.
Sulzer has signed an agreement to form a joint venture with the Unaoil Group dedicated to the service of all rotating equipment for oil and gas, and power customers in Southern Iraq.
The security forces have purged Jalawla sub-district in Diyala city, of terrorists.
The Commander General of the Armed Forces, Haider al-Abadi, instructed to intensify the air support for the Iraqi Security Forces fighting the Islamic State of Iraq and Levant terrorists in Anbar.
As the last high-level visit made by Turkey to Iraq was that of then-Prime Minister Recep Tayyip Erdoğan in March 2011, Prime Minister Ahmet Davutoğlu's recent presence in Iraq for official talks is seen as a rapprochement between the two countries.
To address Iraq's deepening food insecurity international donors need to not only feed displaced people but also help farmers salvage next year's wheat harvest, a senior United Nations official told.
Iraqi forces said on Sunday they retook two towns north of Baghdad from Islamic State fighters, driving them from strongholds they had held for months and clearing a main road from the capital to Iran.
The Governor of Basra, Majid al-Nasrawi, denied suffering an ailment as it what some media outlets reported.
U.S. Vice President Joe Biden welcomed an agreement between Iraq's central government and its northern Kurdistan region over the management of oil exports, a step forward in a feud that has threatened the unity of Iraq.
The USA Rice Federation has learned that after being passed over in the previous Iraqi rice tender, U.S. rice has been awarded 120,000 MT of long grain in the current tender.
On Friday, Kurdistan Region President Massoud Barzani said that Baghdad would send Erbil $500 million as part of an agreement reached between both sides last week on solving their budget disputes.
The President of Kurdistan Region, Masoud Barzani, assured pumping the oil of Kurdistan Region to Turkey for the benefit of the Iraqi government.
The Minister of Oil Adil Abdul Mahdi assured "the growth of Iraq economy depends on rehabilitating the other sectors most notably the industrial and agricultural sectors.
The President, Foud Masoum, hosted the Turkish Prime Minister Ahmed Davutoglu and the accompanying delegation at Salam Palace in Baghdad on Thursday.
The Turkish Prime Minister, Ahmet Davutoglu, arrived in Erbil, capital of Kurdistan Region.
The President, Foud Masoum, hosted the Turkish Prime Minister Ahmed Davutoglu and the accompanying delegation at Salam Palace in Baghdad.
According to the reports, fetched from the officials, a suicide bomber detonated an explosives-rigged vehicle in the heart of the usually secure Iraqi Kurdish regional capital Arbil.
The President, Foud Masoum, hosted the Turkish Prime Minister Ahmed Davutoglu and the accompanying delegation at Salam Palace in Baghdad.
Iraqi Oil Minister Adil Abdul Mahdi said, "The Iraqi oil extracted from Kirkuk oil fields is now pumped through the oil pipes and infrastructure built by the Kurdistan Regional Government through the Turkish territories after concluding the an agreement between Baghdad Government and the KRG last week to end a long dispute over oil revenues."
On Thursday, Pentagon stated that some of the 1,500 new U.S. troops authorized to advice and train Iraqi forces in their fight against Islamic State militants will deploy to the country in the next few weeks without waiting for Congress to fund the mission.
Iraq’s biggest oil refinery at Baiji is set to restart processing in about three months after government troops forced Islamic State armed militants away from the facility.
The government of Iraq and the semi-autonomous Kurdistan region have begun implementing a deal under which Baghdad resumes funding Kurdish civil servant salaries in return for a share of Kurdish oil exports, Iraq's finance minister said on Wednesday.
Belgian Foreign Minister Didier Reynders on Wednesday urged for stronger trade and political relations between Europe and the Arab World.
Islamic banking operations account for 1.5% of total assets of Iraqi banks and could rise to 6% in the next three years if stability returns to the country and a legal framework is put in place to regulate the industry, experts said.
With the Islamic State on their doorstep, Kurdish leaders have scaled back their once grandiose ambitions to focus on ensuring the survival of their enclave.
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