Archive | 2024

Iraq Signs 3 New Private Sector Partnerships

By John Lee. Iraq's Prime Minister, Mohammed Shia' Al-Sudani, emphasized the importance of private sector partnerships to reduce reliance on imports and meet domestic industrial needs. On Thursday, Al-Sudani oversaw the signing of three industrial contracts with private companies to boost production in the fertilizer and chemical sectors: A 1 million ton/year urea fertilizer plant […]

Head of Iraqi Airways Sacked

By John Lee. Following directives from Prime Minister Mohammed Shia' Al-Sudani, a committee was formed to investigate recent disruptions in Iraqi Airways flights. The committee has concluded its work and submitted recommendations to the Minister of Transport, including the removal of the airline's Director General. The Minister has approved these recommendations. Prime Minister Al-Sudani reiterated […]

Korek ordered to pay Agility $1.2bn

By John Lee. Kuwaiti logistics firm Agility has announced that Iraq's Korek Telecom has been ordered to pay it nearly $1.2 billion in damages. The judgement by International Chamber of Commerce (ICC)'s International Court of Arbitration relates to allegations of fraud and corruption orchestrated by Korek with a view to unlawfully causing the expropriation Agility's […]

60-70 applications for Digital Banking Licences in Iraq

By John Lee. The Central Bank of Iraq (CBI) participated in the "Electronic Payments for Financial Stability" conference, hosted by Prime Minister Mohammed Shia' Al-Sudani and organized by the Iraqi Private Banks League (IPBL). The event focused on Iraq's digital transformation in the banking and financial sectors. Central Bank Governor Ali Mohsen Al-Alaq highlighted the […]

UN ISIL Investigation concludes its work in Iraq

By John Lee. The United Nations Investigative Team for Accountability of Daesh/ISIL (UNITAD) will conclude its work in Iraq on Tuesday (17th September 2024). In her statement on the conclusion of operations, Ana Peyro Llopis, Head of UNITAD, highlighted the achievements of her team, adding: "We should be proud that our efforts have made a […]

New UN Reports on the Crimes Committed by IS

By John Lee. In the closing days of the United Nations Investigative Team for Accountability of Daesh/ISIL (UNITAD) mandate in Iraq, the team has release a series of reports on the crimes committed by ISIL (Da'esh) in the country. Detailed Findings of International Crimes Committed against Christians by ISIL (Da'esh) Findings on the damage and […]

Iraqi President: "Iraq's Economy Set to Grow"

By John Lee. The Iraqi President has said that, "Iraq stands at the threshold of a new phase of security, stability, and economic development." Addressing a delegation from the League of Arab States, Abdul Latif Jamal Rashid said Iraq offers an enabling environment and conditions for investing in major strategic development projects. Full statement from […]

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Qatar and Kurdistan Discuss Investment Opportunities

By John Lee. Qatar Chamber (QC) has hosted a meeting with a delegation from Invest Kurdistan. The meeting aimed to strengthen economic and commercial relations between Qatar and the Kurdistan Region of Iraq. Discussions included an introduction to the investment climates and opportunities available in both regions. Full statement from Qatar Chamber: Qatar Chamber hosted […]

WHO praises Iraq's Polio Transition

By John Lee. The World Health Organization (WHO) has praised Iraq's success in fighting polio. Full statement from WHO: Iraq's landmark achievement in polio transition reaps benefits Iraq, the first country among polio transition priority countries to achieve the polio transition process in full, continues to reap benefits from its historic success. Its polio programme […]

Hackers Target Iraqi Govt

By John Lee. Israeli cybersecurity firm Check Point has said it has discovered a new set of malware that was used in attacks against different Iraqi entities, including government networks. It says the campaign features uses a combination of techniques commonly associated with Iranian threat actors operating in the region. More here. (Source: Check Point)

talabat Partners with the Asian Football Confederation

By John Lee. On-demand food and Q-commerce app talabat has announced a new partnership with the Asian Football Confederation (AFC), becoming an Official Regional Partner of the AFC club competitions. Under the partnership, talabat will deliver prizes and other benefits for football fans in Iraq, the UAE, Qatar and Jordan. A spokesperson for talabat told […]

IDC Completes New Well at Zubair Field

By John Lee. The Iraqi Drilling Company (IDC), in collaboration with Schlumberger (SLB), has completed the drilling of well ZB 606 at a depth of 3,463 meters in the Zubair oil field in Basra. This marks the 36th well drilled under a contract with Italy's ENI to drill 37 wells. The well was drilled using […]