By John Lee. UK-based pump maker Amarinth has won another order from Iraq Gates Contracting Company (IGCC), this time for two bespoke API 610 12th Edition VS4 vertical pumps for the Rumaila oil field in Iraq. The 3.5m long flare drain pumps are destined for the Rumaila oil field, a super-giant oil field located 50km […]
By John Lee. Prime Minister Mr. Mohammed S. Al-Sudani received a delegation from the international electronic payment company Visa Inc., led by the company's Regional President for Central and Eastern Europe, Middle East and Africa, Andrew Torre. During the meeting, His Excellency expressed the government's determination to implement reform and move forward with plans for […]
By John Lee. The Prime Minister of Iraq has stopped the granting of investment licenses for the Al Rafeel [Rafael] City project until inventory, inspection, survey, and land identification actions are completed. Al Rafeel City is planned to cover 10,600 acres close to Baghdad International Airport (BIAP). The Chairman of Iraq's National Investment Commission (NIC), […]
By John Lee. Texas-based law firm Vinson and Elkins has received more than $2.6 million for its role as legal advisor to Iraq's Ministry of Oil in the United States. According to documents filed under the US's Foreign Agents Registration Act (FARA), the sum relates to the six-month period to the end of January. The […]
By John Lee. KRG President, Masrour Barzani, has agreed to allocate 2.878 billion Iraqi dinars [$2 million] to help relieve the effects of drought in Erbil governorate. The funds will be used to dig 40 wells to provide drinking water in the province. (Source: KRG)
By John Lee. Mohsen Al-Mindlawi, the First Deputy Speaker of Iraq's Council of Representatives, has called on the International Civil Aviation Organization (ICAO) to assist in lifting the European ban on Iraqi aviation, after the country's commitment to international aviation standards. At a meeting with the Secretary General of the ICAO, Juan Carlos Salazar, he […]
By John Lee. Iraq's Ministry of Oil has announced finalised oil exports for January of 101,245,095 barrels, giving an average for the month of 3.266 million barrels per day (bpd), down from the 3.332 million bpd exported in December. The exports from the oilfields in central and southern Iraq amounted to approximately 98,460,050 barrels, while […]
Prime Minister Mr. Mohammed S. Al-Sudani has received the delegation of Transparency International, in the presence of the Ambassadors of the European Union (EU) and Germany. During the meeting, they discussed the government's efforts in combating financial and administrative corruption, and the practical steps taken in this regard. The Prime Minister reaffirmed the government's determination […]
The Iraq-based e-commerce business Orisdi raised a $220,000 bridge round in January 2023 to reinforce the continuous growth of the business and the growing potential of e-commerce in Iraq. The round included new investors like 3B Starlight Investment, Ahmed Gorani, Naveed Pasha, Hassan Al Shawaf, Ali Jawad, Zaid Al Khatib, and others, and existing investors […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Deep Dive: Article 140 and the future of Iraq's Turkmens The long-running leadership struggle within one of Iraqi Kurdistan's two main parties has reignited. Contradictory court rulings have been issued on whether Patriotic […]
Prime Minister Mr. Mohammed S. Al-Sudani launched 150 public service and development projects in the capital Baghdad during the celebration held Thursday evening on the occasion of the centenary of the founding of the Mayoralty of Baghdad. The projects consist of four phases: The first phase includes 70 road development and pavement projects with an […]
By John Lee. Tetra Pak Arabia has reportedly signed a €10-million deal with Alssad Company for Food to expand its facility in Baghdad. According to Khaleej Times, the facility is planned to produce one billion packs per annum for dairy and beverage products. It is expected to be completed in 2024. (Source: Khaleej Times)
