By John Lee. China's Gezhouba Group has offered to invest $10 billion in Iraq's Kurdistan region. According to a report from Kurdistan24, a translation of which was published on the company's website, the investment is intended for roads, railways, the power sector and dams. Mohammed Shukri, chairman of the Kurdistan Investment Board, is quoted as […]
On 24th January, H.E Naeem Al Aboudi, Minister of Higher Education and Scientific Research, signed the agreement to establish the British University of Iraq. The University was founded by two former UK diplomats, including the Chair of the board john Tucknott CMG, MBE and lead by the Founding President Professor Victoria Lindsay. The proposal has […]
By John Lee. US-based Sallyport Global Holdings, part of the Caliburn International group, has been awarded a $235,608,052 cost-plus-fixed-fee modification (P00003) to previously awarded contract FA8630-22-C-6006 for base operations support, base life support and security services in support of the Iraq F-16 program. The contract modification is for an additional 12 months of service being […]
By John Lee. The Saudi Ports Authority (Mawani) has announced the addition of Jubail Commercial Port to the India Gulf Service 1 (IG1) shipping route by ocean carrier Hapag-Lloyd. Starting on 12th February, the weekly service will link the Kingdom to the ports of Jebel Ali, Karachi, Mundra, Sohar, Shuaiba, and Umm Qasar on board […]
By John Lee. ZainCash Iraq has announced a partnership with Western Union to enable international money transfers through the ZainCash mobile application. According to a press release, this allows customers in Iraq to easily and reliably send and receive money to more than 200 countries and territories. The app can be used by individuals, small […]
From the Al-Bayan Center for Planning and Studies. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Chinese ambassador writes for Al Bayan: Belt and Road Initiative and China-Iraq relations Cui Wei-ambassador of the Republic of China to Baghdad: In this past period since my […]
By John Lee. A new article by Laure Al-Khoury, for AFP, highlights the limited number of female entrepreneurs in Iraq, a country where most women don't work outside the home. Click here to read the full article.
By John Lee. The Central Bank of Iraq (CBI) has signed an agreement with the International Finance Corporation (IFC) to launch the first ESG (Environmental, Social, and Governance) Performance Card project report in the Iraqi banking sector. This was prepared in cooperation and coordination with experts from the International Finance Corporation (IFC). At the launch […]
By John Lee. Mobile phone service Asiacell has reportedly appointed US-based LigaData to implement a new Data Governance Framework and Data Governance Center of Expertise. According to a press release, the partnership will enable more innovative digital services for Asiacell's 17 million subscribers and significantly improve the organization's return on investment from existing data infrastructure. […]
The ICRC expands its humanitarian operations in southern Iraq The International Committee of the Red Cross (ICRC) has inaugurated an office in Nasiriyah, to provide further support to affected populations on physical rehabilitation, mine risk awareness and emergency preparedness. The inauguration of this office, along with existing structures in Najaf and Basra governorates, strengthens the […]
By John Lee. On the sidelines of his official visit to France, Prime Minister Mohamed Shia Al-Sudani met a group of French business leaders on Friday. Al-Sudani said the Strategic Partnership Agreement signed with France represents, "a framework for cooperation in all fields," adding that French companies investing in Iraq will be making the right […]
The Iraq Britain Business Council (IBBC) President Baroness Nicholson of Winterbourne supported by Managing Director Christophe Michels, and Board Member Haider Al Shamaa led a delegation of 20 IBBC members to Baghdad to meet the new Government of Federal Republic of Iraq Welcomed by President of Iraq H.E. Abdullatif Rasheed, and Prime Minister H.E. Mohammed […]
