INSEAD Day 4 - 728x90

Iraq

BYD logs record EV sales in 2025

It sold 2.26m EVs vs Tesla's 1.22 by Sept end.

Google to invest $6.4bn

The investment is its biggest-ever in Germany.

Pfizer poised to buy Metsera

The pharma giant improved its offer to $10bn.

Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.
  • Arbil, Iraq -- A drone strike forced a US company to suspend operations at an oil field in Iraq's autonomous Kurdistan region Tuesday, the latest in a string of attacks targeting the region's energy infrastructure. The Kurdistan Regional Government said the Sarsang oil field in Duhok province was hit, calling...
  • Iraqi leaders, bar Sadr, agree to work on political roadmap

    Tensions have been rising since July between the two main Shiite factions, one led by Sadr, the other by the pro-Iran Coordination Framework. Attempts to mediate have so far proved fruitless. Sadr wants parliament dissolved to pave the way for new elections, but the Coordination Framework wants to set conditions...
  • Iraq to build four free-trade zones, two along Jordan and Saudi borders

    Iraq plans to establish free-trade zones adjacent to Baghdad and Najaf airports and another one near the Iraqi-Jordanian border, which is part of a joint economic city and one of the most important future projects. The country is also working to open free-trade zones near the Iraq-Saudi Arabia border.
  • Iraqis grow weary of squabbling political parties

    Iraq has been ravaged by decades of conflict and endemic corruption. It is blighted by ailing infrastructure, power cuts and crumbling public services, and now faces water shortages as drought ravages swathes of the country
  • Rival sit-ins deepen Iraq political deadlock

    The opposing encampments are the latest turn in a standoff between Iraq's rival Shiite blocs which has so far remained peaceful in the war-scarred country. The pro-Iran Coordination Framework said it would hold an "indefinite sit-in" to press for a new government to be formed quickly to end months of...
  • Foreign exchange reserves up at $82bn, says Iraq’s Central Bank

    Central Bank of Iraq announced that foreign exchange reserves rose to US$82 billion, while gold reserves exceeded 130 tons.
  • Iraq to provide Lebanon with fuel for another year: PM Mikati

    Iraq has agreed to renew a one-year deal to provide Lebanon with fuel for its power plants in exchange for in-kind services, Lebanon's Prime Minister said in a statement Thursday. Iraq signed an agreement in July 2021 to give cash-strapped Lebanon one million tonnes of fuel oil to help keep...
  • Dana Gas posts $110m profit

    The better results were driven by high hydrocarbon prices.
  • Moqtada Sadr calls on judiciary to dissolve parliament

    Sadr justified his calls for judicial action by noting that constitutional deadlines for appointing a new president and prime minister have been missed following last year's legislative elections.
  • Iraq launches rebuilding of Mosul airport destroyed in ISIS battle

    Entire sectors of the northern metropolis have remained in ruins since the July 2017 recapture of Mosul by Iraqi forces backed by a US-led multinational coalition. The airport, which was heavily damaged in the battle, has been disused since ISIS seized Mosul and adjacent areas in 2014.
  • Kurdish Iraqi farmer sprouts online advice, green awareness

    The mustachioed 50-year-old with almost half a million Facebook followers posts weekly videos on topics such as protecting fruit trees, dealing with insects and helping people get more from their farms and gardens.
  • Police use force on Iraq Kurds demanding end to corruption

    Violence erupted in Iraq's autonomous Kurdistan region when security forces fired tear gas and rubber-coated bullets Saturday into crowds of anti-government protesters demanding better living conditions, an end to corruption and authoritarian practices by the local government.
  • Iraq confirms Turkey’s intention to enhance water release

    Iraq's Ministry of Water Resources said Ankara's intends to increase the quantum of water to be released to the Tigris River, adding that a Turkish delegation will visit Iraq to look into the water reserves and construction of dams.
  • What is Iraqi cleric Sadr’s latest political endgame?

    Nomination of former cabinet minister Mohammed Shia al-Sudani as prime minister angered the Sadrists and triggered their occupation of parliament.
  • Iraq’s Sadr demands new polls as political crisis escalates

    Nearly 10 months on from the last elections, the country still has no government, new prime minister or new president, due to repeated squabbles between factions over forming a coalition. In the latest political turmoil to strike the oil-rich but war-scarred nation, Sadr called for a "revolutionary and peaceful process,...
  • Sadr supporters told to leave parliament, move protest outside

    A top official from Iraq's Sadrist movement called Tuesday on followers who have occupied parliament for four days to move their protest outside, as calls mount for dialogue between political rivals. Supporters of powerful preacher Moqtada Sadr -- whose political bloc in October won the largest share of seats in...
  • Iraq tensions soar as protesters rally against parliament occupation

    Thousands of Iraqis took to the streets of Baghdad Monday in counter-protests as rival supporters of Shiite Muslim cleric Moqtada Sadr extended their occupation of parliament into a third day. Almost 10 months after Iraqis went to the polls, a political standoff pits two key factions of the Shiite political...
  • Counter protests in Iraq as pro Sadr protestors occupy Parliament

    On Monday afternoon, large numbers of security forces set up roadblocks in a bid to contain the counter-protests.
  • Moqtada Sadr urges more protests as supporters occupy parliament

    Powerful Iraqi Shiite preacher Moqtada Sadr Sunday urged other factions to support a protest that has seen his followers occupy parliament in a dispute over who should name the next prime minister. On Sunday, the protesters appeared in no mood to leave, as volunteers distributed soup, hard-boiled eggs, bread and...
  • Protestors stream into Iraq parliament with hot meals and tea

    Volunteers shuttled back and forth in fleets of pickups to Iraq's normally secure Green Zone Saturday as protesters who occupied parliament earlier in the day settled in for the long haul.
  • No plan to leave Iraq’s parliament, say pro-Sadr protesters

    Supporters of Iraqi cleric Moqtada Sadr penetrated Baghdad's heavily fortified Green Zone on Saturday, occupying parliament with no plan to leave. It is the second time in days that Sadr supporters have forced their way in to the legislative chamber, months after elections that failed to lead to formation of...
  • More protests or fresh polls? Iraq mulls political paralysis

    The storming of Iraq's parliament by hundreds of supporters of populist Shiite cleric Moqtada Sadr has piled pressure on his political opponents working to form a government nearly 10 months after an election.
  • Rockets hit Emirati-owned gas complex in north Iraq

    Three Katyusha rockets hit a gas complex in Iraq's autonomous Kurdistan region on Saturday, a local official said, in the latest attack to target the Emirati-owned facility. The assaults have come amid a simmering oil dispute between Kurdistan and the federal government in Baghdad.
  • Iraq seeks to boost relations with Algeria in multiple sectors

    Prime Minister Mustafa Al-Kadhimi affirmed Saturday Iraq aspires to strengthen the relations with Algeria in various fields. "PM Al-Kadhimi received the Minister of Foreign Affairs of the People's Democratic Republic of Algeria, Ramtane Lamamra, and the accompanying delegation," local media reported. They discussed bilateral relations between the two nations, including...
  • Iraq receives 125 antiquities borrowed from Germany

    Iraq has received 125 antiquities borrowed from Germany, Foreign Ministry spokesman Ahmed Al-Sahaf announced Sunday. "The Embassy of the Republic of Iraq in Berlin received 125 artifacts by Susan Bullock from the Institute for Near Eastern Archeology of the Free University of Berlin," Al-Sahaf stated in a statement received by...
  • Iraq and Kurdistan decide to talk to resolve oil dispute

    The federal government in Baghdad and the autonomous Kurdish region pledged Saturday to "increase dialogue" to ease a simmering oil dispute that has been playing out in the courts in recent months.
  • Iraq to host ‘public’ meeting of Iran, Saudi foreign ministers

    It will be a public meeting, (unlike) previous encounters that were held privately at a low level between intelligence and security officials, said Iraqi foreign minister Fuad Hussein.
  • Iraq mountain rest spot bears scars of deadly shelling

    Abandoned sandals and upturned chairs attest to the panic that gripped this peaceful rest spot in Iraq's Kurdish mountains when deadly shelling slammed into it this week. Turkey denies that its forces were responsible for the artillery fire that killed nine people and wounded 23 on Wednesday.
  • Iraq PM blames Turkey after Kurdistan shelling kills 9 civilians

    Nine civilians including children were killed in a park in Iraq's autonomous Kurdistan region Wednesday by artillery fire that Baghdad blamed on neighbouring Turkey, a country engaged in a cross-border offensive. In an unusually strong rebuke, Prime Minister Mustafa al-Kadhemi warned Turkey that Baghdad reserves the "right to retaliate", calling...
  • Biden’s Arab trip lukewarm, at best

    The US president could not dispel the view that the Washington is no longer a reliable ally and he also failed to connect at a personal level with the young GCC leaders, say experts.
  • Investors stay away as oil fuels tension in Iraq

    The long-simmering dispute came to a head in February when the federal supreme court ordered Kurdistan to hand over oil extracted from its territories to the federal authorities. Authorities in the Kurdistan capital Arbil have cried foul, accusing Baghdad of heaping "unjust pressure" on them.
  • Oil wealth stirs up Baghdad-Kurd enmity amid deadlock

    Iraq's oil wealth is rekindling tensions between federal authorities and the autonomous Kurdish region, in a row that could compromise the lifeline industry and keep investors away, analysts say.
  • Iraqi PM calls for joint efforts to tackle issues facing region

    Iraqi Prime Minister Mustafa Al-Kadhimi said the Middle East has been affected by climate change, water crisis, dangers of desertification, health challenges such as the COVID-19 pandemic and called for joint efforts to confront them.
  • Iraq launches drive to preserve national icon: date palms

    Thousands of young date palms, Iraq's national symbol, form lines that extend from the edge of the desert near the central city of Karbala and into the horizon.
  • Troubled waters: Iraqi spa reborn after IS massacres

    Located 30km south of Mosul, Hamam al-Alil , meaning the baths of the sick in Arabic, built a solid reputation over decades with its therapeutic sulfurous waters.
  • German lawmakers recognize the 2014 Yazidi ‘genocide’

    Germany, home to a large Yazidi diaspora, is one of the few countries to have taken legal action against IS.
  • Kurdish Iraq decries ‘unjust pressure’ from Baghdad in oil row

    Iraq's autonomous Kurdistan region Wednesday deplored "unjust pressure" from the federal government's oil ministry, days after the judiciary nullified oil contracts between the Kurds and foreign oil firms. After the oil ministry filed a judicial complaint, a commercial court in the Iraqi capital on Monday invalidated contracts between the Kurdish...
  • ‘Displaced in Iraq to return to their homes by end of 2023’

    The UNDP confirmed the implementation of 3,800 projects in five liberated Iraqi governorates and said that it is helping five million internally displaced persons return to their areas.
  • Iraq’s June crude oil export revenue $11 billion: Ministry

    Iraq received in excess of $11 billion as revenue for crude oil export in June, the Ministry of Oil said. Oil ministry was quoted as saying by the local media that "the total amount of crude oil exports for the month of June, according to the preliminary statistics issued by...
  • Jordan imports 12.99mn barrels of crude oil in 2021

    Jordan imported 11.8 million barrels of crude oil through the port of Aqaba, while a total of about 1.19 million barrels of Iraqi oil were imported since supply was launched at the beginning of September 2021 until end of 2021
  • Iraq PM visits Saudi Arabia and Iran to broker peace

    Iraq's prime minister met with leaders in rivals Saudi Arabia and Iran on Sunday, discussing regional stability as part of Baghdad's efforts to mediate between the two Middle East heavyweights.
  • Iraq’s summer of ‘hell’ has just begun

    Umm Mohammed, 74, waves a fan back and forth to cool down, but in the blistering heat of Iraq's southern city of Basra there is nothing but stiflingly hot air.
  • Iraqi migrant in Britain fears Rwanda deportation

    Nearly a week ago, Iraqi Kurd Barham Hama Ali found himself in the unimaginable position of being aboard a deportation flight set to take off for Kigali, thousands of miles from home.
  • Iraq asks Iran to hike gas supplies to run power plants

    Iraq is in discussions with Iran to increase gas transportation to the country in order to operate power plants. The ministry of electricity for Iraq feels that Iran understands Iraq's needs. The ministry's spokesman, Ahmed Musa, told the Iraqi News Agency (INA), that "the ministry is continuing with the Iranian...
  • Gazelles in Iraq die of hunger

    Gazelles at an Iraqi wildlife reserve are dropping dead from hunger, making them the latest victims in a country where climate change is compounding hardships after years of war.
  • Iraq settles $1.6 billion payment of Iranian gas imports

    The debt dates back to 2020, but payment was stalled amid sanctions against Iran by the United States.
  • High car sales adds to Iraq’s road misery

    Five years ago, Iraqi taxi driver Osama Mohammed would make about six trips a day across Baghdad. Today, traffic is so bad he feels lucky to do three.
  • Oil revenues help boost MENA economic growth

    Economic growth in the MENA region is forecast to accelerate to 5.3% in 2022 before slowing to 3.6% in 2023, according to the World Bank. Find out the country-wise breakup.
  • Another sandstorm brings Iraq to a halt as airports shut

    President Barham Saleh warned that tackling climate change "must become a national priority for Iraq as it is an existential threat to the future of our generations to come".
  • Jordan’s exports from Jan-May 2022 hit $478 million

    Amman Chamber of Commerce (ACC) said that the total value of exports during the January-May period 2022 amounted to JD339 million, compared to JD248 million for the first five months last year. According to the ACC's statistical data announced on Sunday, the number of ACC certificates of origin issued during...
  • PIF, Capital Bank Group sign pact

    The deal worth $185m makes PIF a strategic investor in the group.