By John Lee. The Iraq Britain Business Council (IBBC) has opened a new office in Iraqi Kurdistan. IBBC President Baroness Nicholson opened the new facility, located in Erbil's Italian Village, on Monday. Among those attending were Safeen Dizayee, Head of the KRG's Department of Foreign Relations; James Goldman, UK Consul General in Erbil; and Dr […]
By John Lee. Iraq's General Union of Cooperative Agricultural Associations met with Prime Minister Mohammed Shia Al-Sudani on Saturday. During the meeting, he listened to various proposals and discussions concerning farmers and the agricultural sector's improvement. PM Al-Sudani emphasized the union's critical role as a mediator between the government and farmers. He reiterated the government's […]
By John Lee. Saudi air carrier flynas has launched its first direct flight between Dammam and Al Najaf on Saturday. An inaugural ceremony was held at King Fahd International Airport (KFIA) in Dammam, attended by HE Iraq ambassador to Saudi Arabia and representatives from flynas, the Saudi-Iraqi Coordination Council, the Saudi General Authority of Civil […]
By John Lee. The European Union Mission in Baghdad has held a conference focused on empowering youth and supporting small and medium enterprises (SMEs). According to a statement from the Ministry of Trade's media office, the conference saw broad participation from Iraqi youth, including students, entrepreneurs, and activists. The statement highlighted the Ministry of Trade's […]
By John Lee. The 37th OPEC and non-OPEC Ministerial Meeting -- known as 'OPEC plus' -- was held in Vienna at the weekend. Among the items agreed was to keep Iraq's planned oil production flat at 4.431 million barrels of oil per day for 2025. The next meeting of the group is scheduled to be […]
By John Lee. The Central Bank of Iraq (CBI) has decided to allocate additional funding amounting to approximately 3 trillion dinars [$2.3 billion] to facilitate housing loans through the Real Estate Bank and the Iraqi Housing Fund, supporting the government's housing initiatives. According to the state-run Iraqi News Agency (INA), the Central Bank has instructed […]
By John Lee. Iraqi Prime Minister Mohammed Shia Al-Sudani chaired the regular meeting of the High Committee for the Development Road Project on Thursday. The meeting included the Ministers of Transport, Planning, Oil, Electricity, and Communications, along with the Prime Minister's advisors. The discussion focused on the project's implementation procedures and progress on previous directives. […]
By John Lee. Iraqi President Abdul Latif Jamal Rashid met with the UK Ambassador, Stephen Hitchen, at Baghdad Palace on Wednesday and commended his role in enhancing bilateral relations. President Rashid said: "Iraq-UK relations should be enhanced with a focus on further developing bilateral ties, notably in the fields of economy, investment, and technology in […]
By Kate Dourian for the Arab Gulf States Institute in Washington (AGSIW). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Chinese Firms Snag Iraqi Oil and Gas Blocks Chinese investors are less risk averse than their Western counterparts, hence their strong showing in the […]
By John Lee. In a significant step toward bolstering Iraq's financial sector, EU Delegation to Iraq Chargé d'affaires Mr. David Healy has expressed support for the launch of the Central Bank of Iraq's (CBI) National Strategy for Bank Lending for 2024-2029. This strategic initiative, developed under the EU and Germany co-funded project "Strengthening Public Finances […]
By John Lee. Iraq and Canada have agreed to establish communication and hold a joint meeting between the Iraqi Geological Survey and specialized Canadian companies. The goal is to develop mechanisms and terms for joint work in conducting aerial geophysical surveys on behalf of the Iraqi government. The Canadian ambassador, Kathy Bunka, confirmed Canada's and […]
By John Lee. Turkiye's exports of citrus exports to Iraq have reportedly jumped 399 percent in the period January to April. According to Turkish news agency Daily Sabah, Iraq was Turkiye's second biggest market (after Russia) for citrus fruit, with sales of $90.2 million. Included in this figure were: Tangerines: $32 million - an increase […]
