By John Lee. Dubai's cloud-based POS and retail management software company Dukkantek has announced a strategic partnership with Lezzoo, a Y Combinator-backed superapp based in Iraq. This collaboration aims to transform Iraq's food and beverage (F&B) supply chain by creating an end-to-end digital ecosystem for small-to-large retailers, enabling them to scale their operations and operate […]
By John Lee. Turkiye's Ministry of Foreign Affairs has closed Turkish airspace to flights taking off or landing at Sulaymaniyah International Airport (pictured). In a statement, it says the move is a result of PKK activity in the area. The full text of the statement follows: Statement of the Spokesperson of the Ministry of Foreign […]
By John Lee. TotalEnergies has confirmed that it will proceed with the Gas Growth Integrated Project (GGIP) in Iraq. In a statement to the markets on Wednesday, it added that QatarEnergy to take a 25-percent stake in the project. Also, in agreement with Iraqi authorities, TotalEnergies will invite the Saudi company ACWA Power to join […]
By John Lee. The Iraqi Cabinet has agreed to approve the contract for TotalEnergies' integrated gas development project with some amendments, as follows: The government's participation will be amended from 40 percent to 30 percent in accordance with Cabinet Resolutions (361 and 480 of 2021) to facilitate the signing of related agreements and resolve the […]
By John Lee. Dubai-based Value Added Distributor (VAD) Mindware has reportedly announced that it has extended its region of distribution with Dell Technologies to cover Jordan and Iraq. According to Trade Arabia, Toni Azzi, General Manager at Mindware Qatar, Africa and Levant, said: "Both locations are growing economies and with digital transformation initiatives taking place […]
By Reva Dhingra and Marsin Alshamary, for The Brookings Institution. The opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Corruption is the forgotten legacy of the Iraq invasion Iraq's struggle with corruption can be traced back to occupation-era reconstruction policies and to Baathist-era patronage. The […]
Background Ranked the fifth most vulnerable country to climate change, Iraq's environmental and energy challenges directly affect its overall stability and prosperity. Working with the Government of Iraq, the private sector and affected communities, USAID is mitigating the impact of climate change by strengthening water management and governance systems, promoting renewable energy solutions, improving management […]
By John Lee. Baghdad and Erbil have agreed a deal to resume oil exports from northern Iraq. Exports of crude oil from Iraqi Kurdistan and Kirkuk had been suspended since last week after a ruling from the Paris-based International Court of Arbitration that Turkiye can not allow exports from the autonomous region by pipeline to […]
Iraq, at the crossroads of several trade routes in the Middle East, has become the 78th country to accede to the United Nations TIR Convention. Iraq's accession to the TIR Convention anchors its strategic role as a transit hub and supports the country's economic vision to expand its non-oil sectors. The TIR system will boost […]
By John Lee. The Iraqi and Russian governments have signed a draft agreement exempting diplomatic, service, and private passport holders from entry visas. Dr. Abdul Rahman Al-Husseini, the Undersecretary for Administrative and Technical Affairs, signed on behalf of Iraq, and Russian Ambassador Elbrus Kutrashev on behalf of Russia. According to a statement from Iraq's Ministry […]
By John Lee. UK-based pump maker Amarinth has won an order from Azku Global Services for $200K of API 610 OH1 pumps for the Majnoon oil field. This is Amarinth's first order from Azku Global Services and follows numerous projects that Amarinth has successfully delivered into Iraq. The $200K order is for two API 610 […]
By Gilles Kepel for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. 20 years after US invasion of Iraq, what lessons remain? With the Pentagon now refocusing elsewhere, and with Iran getting closer to nuclear weapons by the day, the widening […]
