Archive | 2024

KRG PM Welcomes New French Ambassador

By John Lee. On Wednesday, 12 June 2024, Prime Minister Masrour Barzani of the Kurdistan Regional Government (KRG) welcomed Patrick Durel, the newly appointed Ambassador of France to Iraq. Prime Minister Barzani congratulated Ambassador Durel on his new role and emphasised the importance of fostering strong relations between France and the Kurdistan Region for future […]

"Tension" over Authority among Iraq's Top courts

From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Shock ruling indicates tension over authority among Iraq's top courts A judicial crisis has blown open as Iraq's Federal Court of Cassation (FCC) has for the first time overturned a ruling by the […]

Climate Vulnerability Assessment in the Kurdistan Region of Iraq

By John Lee. The International Organization for Migration (IOM) has issued a new 18-page report titled, 'Climate Vulnerability Assessment in the Kurdistan Region of Iraq'. The report highlighted a number of points: Iraq, including the Kurdistan Region of Iraq (KRI), is facing various challenges related to climate change and environmental degradation, such as rising temperatures, […]

Huawei signs MoU on Iraqi Education

By John Lee. During a recent 'smart education' event held in cooperation with Huawei, a memorandum of cooperation was signed between the Iraqi Ministry of Higher Education and Scientific Research (MOHESR), the Huawei Academy for Information and Communications Technology, and the Talent Ecosystem Programs. A press release from the Ministry gave no details of the […]

WFP issues update on Iraq Operations

By John Lee. The World Food Programme (WFP) has issued an update on its operations in Iraq. In Numbers 11,718 people assisted in May 2024 USD 368,200 cash-based transfers made in May 2024 USD 42.7 million six months (June- November 2024) net funding requirements Operational Updates General Food Assistance In May 2024, 3,080 internally displaced […]

Iraq Stock Market Report

Advertising Feature Note: ISX will be closed starting from Jun. 16, 2024 (Sunday) to Jun. 20, 2024 (Thursday) due to the religious holiday of Eid Al-Adha. The next trading session will be held on Jun. 23, 2024 (Sunday). Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 13th June 2024). Please click here […]

Wood Wins $46m Contract with TotalEnergies in Iraq

By John Lee. Scottish consulting and engineering company Wood has been awarded a new $46 million, three-year contract by TotalEnergies in Iraq. In a press release on Wednesday, Wood said it will provide front-end engineering design (FEED), detailed design, procurement support, and construction and commissioning assistance for the first phase of the Associated Gas Upstream […]

AI NOW: The Background to IBBCs Tech Forum discussion on AI

From the Iraq Britain Business Council (IBBC): The principals of AI are universally applicable to business and individuals alike, and some examples of how AI can impact various sectors is very illuminating. AI is just a technology that is only meaningful if it is helpful to all, for example for farmers fighting pests better- using […]

Iraq, Syria Sign Investment Cooperation Protocol

By John Lee. The head of Iraq's National Investment Commission (NIC), Dr. Haidar Mohammed Makiyya, signed a cooperation protocol with Ms. Nada Laiqa, Director General of the Syrian Investment Agency (SIA), on attracting foreign direct investment (FDI). Attended by representatives from the Ministries of Oil and Communications, the protocol discussed cooperation details between Baghdad and […]

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New Turkish Consul General in Erbil

On Monday, 10 June 2024, Masrour Barzani, the Prime Minister of the Kurdistan Regional Government (KRG), welcomed Erman Topçu, the newly appointed Consul General of Türkiye in the Kurdistan Region. Prime Minister Barzani congratulated Mr. Topçu on his new role and emphasized the importance of bilateral relations between the Kurdistan Region and Turkey, highlighting their […]

Amentum to Build Logistics Hubs in Iraq for $44m

By John Lee. US-based Amentum Services has been awarded a $43,903,867 hybrid (cost-no-fee, cost-plus-fixed-fee and firm-fixed-price) contract to establish and start up two new regional logistics hubs in Iraq, and to provide advise and assist services. Bids were solicited via the internet with one received. Estimated completion date is 9th August, 2027. Amentum was created […]