KRG delegation meets with Iraqi Commission of Border Crossing Points A Kurdistan Region Government (KRG) delegation on Monday discussed ways of reorganizing tariffs with authorities from the Iraqi Commission of Border Crossing Points. The KRG delegation consisted of spokesman Dr. Jutiar Adel, advisor at the ministry of interior Dr. Sami Jalal, and deputy general manager […]
By John Lee. Iraq's Minister of Oil, Hayan Abdul-Ghani, has announced that the final signing of contracts for the fifth round of energy licences will take place next week. These contracts relate to the development and production of six fields and exploratory blocks in border areas, which were granted to the following companies: Development blocks: […]
By John Lee. The Prime Minister of Iraq, Mohamed Shia Al-Sudani, has presided over the signing of a memorandum of understanding (MoU) with the American company General Electric (GE). The memorandum covers areas such as production, efficiency, transportation, maintenance, staff training, and reducing carbon emissions. It also includes long-term maintenance works for a period of […]
Building on the momentum created by the Gulf Cup, the Iraq Britain Business Council (IBBC) Managing Director, Christophe Michels visited Kuwait and Basrah to discuss the strengthening of business partnership between Kuwaiti and Basrawi businesses. Joined by IBBC Founder Member, Sara Akbar, meetings were held with the Kuwaiti Chamber of Commerce, the Iraqi Ambassador to […]
By John Lee. Mobile phone service Asiacell has reported an increase in customers and data traffic, but a drop EBITDA. In its financial results for the year ended 31 December 2022, parent company Ooredoo said: "Asiacell reported solid Revenue for the year 2022, reaching a total of QAR 3.7 billion. However, the EBITDA saw a […]
By John Lee. Iraq's Ministry of Construction, Housing and Public Municipalities has announced the completion of the Arar-Anaza road project. The project was overseen by the Roads and Bridges Department of the Ministry and executed by the Ashur General Company for Construction Contracting. This 29-km road, with a width of 6.3 meters, was completed at […]
President Nechirvan Barzani welcomes new Japanese Ambassador President Nechirvan Barzani received the incoming Japanese Ambassador to Iraq, Mr. Futoshi Matsumoto, in Erbil on Wednesday. The meeting focused on the relations of Iraq and the Kurdistan Region with Japan, and ways to further strengthen bilateral ties. President Nechirvan Barzani congratulated Ambassador Futoshi on assuming the office […]
The International Development Bank (IDB) has joined the Iraq Britain Business Council (IBBC) and adds momentum to the Iraqi financial services group at the Council. The International Development Bank now has the largest banking network in Iraq, with over 250 ATM machines and 5,000 selling points, as well as a massive IT infrastructure to provide […]
By Simon Watkins for the OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. China Makes Big Moves To Secure Iraqi Oil Whilst the U.S. and its allies appear to be taking a subtle approach to advancing their remaining interests in Iraq, as hinted […]
As part of the KRG's drive to promote transparency, Deloitte have been commissioned to produce an audited report detailing oil and gas exports, production costs, and revenues for the fourth quarter of 2022. The report, which analyzes the oil and gas industry on a quarterly basis, is now available as a PDF. Click here to […]
By John Lee. Prime Minister Mohamed Shia Al-Sudani visited the National Investment Commission (NIC) on Monday to meet officials and be briefed on its activities, progress, and challenges. He cited a lack of investment vision as one of the major obstacles to developing investment. Al-Sudani also directed the NIC to follow up the state's import […]
U.S. Ambassador to Iraq Alina Romanowski's Remarks Virtual Roundtable Discussion with the U.S.-Iraq Business Council January 31, 2023 I am pleased to meet with members of the U.S.-Iraq Business Council. You represent some of the finest companies in the United States, and some of you know Iraq very well. Let me begin by providing a […]
