Iraq's Kurdistan region said it expected to begin making regular payments to oil-exporting companies in the first half of September, sending shares in those firms up as high as 17 per cent in early trade.
Iraq has paid foreign oil companies $9 billion in remaining arrears for 2014 and was paying outstanding fees for 2015 in stages until the beginning of next year, its oil minister said.
Adel Abdel Mehdi wrote in
A delegation from the Japan International Cooperation Agency (JICA) recently discussed projects to provide drinking water to the province of Basra with Iraqi Prime Minister Dr Haider Al Abadi, a report said.
The meeting followed u
An Iraqi parliamentary panel called on Sunday for dozens of security and political officials, including former Prime Minister Nuri al-Maliki, to be referred to court in connection with the fall of the northern city of Mosul to Islamic State.
Islamic State militants attacked the outskirts of Iraq's northern oil refinery town of Baiji overnight with car bombs and clashed with the army and Shi'ite militias in the town's western districts, the local mayor and security sour
MoneyGram, a global provider of money transfer and payment services, said its customers will now be able to send and receive funds at Al Noor locations in Baghdad, Basrah and Najaf in Iraq.
Maher Haddad, senior regional director a
Iraq has launched its first privately owned budget airline, Fly Baghdad, as the government allows greater competition.
With Abdulla Al Jubouri as its executive director, the company was formed by a group of Iraqi businessmen with
One of Iraq's three deputy prime ministers resigned on Monday and will be investigated for corruption, officials said, the first tangible result of Prime Minister Haider Al-Abadi's push to tackle corruption in the face of mounting unrest
US-based DynCorp International, a leading global services provider offering various tailored solutions, has been awarded a $45.4 million military sales contract for multiplatform vehicles from Iraq, a report said.
The contract a c
An explosion targeting a power installation in eastern Iraq has disrupted the flow of electricity from neighbouring Iran, the electricity ministry said on Thursday, aggravating energy shortages amid a weeks-long heatwave.