From Tasnim, under a Creative Commons licence. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. The CEO of the National Iranian Gas Company (NIGC) said the gas contract between Iran and Iraq, which would finish at the end of June 20, 2024, was extended […]
By John Lee. The Trade Bank of Iraq (TBI) is joining My Account, the Kurdistan Region's "salary domiciliation program." A statement from the KRG said: "Following the instructions of Prime Minister Masrour Barzani, representatives from the Kurdistan Regional Government and My Account program held several meetings this week with representatives of the Trade Bank of […]
By John Lee. Prime Minister Mohammed Shia al-Sudani opened the new Etihad Food Industries flour mill in the city of Medhatiah [Madhatiya], in Babil Governorate, on Thursday. The project, a private sector initiative, aims to produce up to one million tons per year of high-quality zero-grade flour. The prime minister also opened new production lines […]
By John Lee. Al-Amar Al-Hadeth for General Constructional Contracting has won a series of contracts with the United Nations Office for Project Services (UNOPS), for the rehabilitation of war damaged shelters in Fallujah: Rehabilitation of 92 war damaged shelters in Al Chaffa. Contract value $695,001; Rehabilitation of 100 war damaged shelters in Albo Hawa & […]
By Zaher Mousa, for The Cradle. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Erdogan's 'historic' visit to Iraq prioritizes economy over politics No politics: The Turkish President's trip to Iraq instead marks a strategic shift toward strengthening economic ties and pragmatic cooperation […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Plans for Mosul expansion spark talk of 'demographic change' In March this year, Nineveh Governor Abdul Kader Al-Dakhil signed a contract with Italian engineering company SGI [Studio Galli Ingegneria] to initiate a long-stalled project […]
By Dr. John Calabrese, for Modern Diplomacy. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq's "Development Road": Rough Terrain Ahead Despite sharing a border, Iraq and Turkey have had a history marked by tensions; however, recent developments indicate that the two countries […]
By John Lee. Prime Minister Mohammed Shia al-Sudani announced the start of the second phase of the Hilla Sewer Project, with a budget of $287 million, during a visit to the Babil province on Thursday. While on a field tour, the prime minister reviewed the progress of the first phase and emphasized the importance of […]
By John Lee. Iraqi Minister of Transport, Razzaq Mohibis Al-Saadawi, met with a Turkish delegation at the Ministry of Transport on Thursday to discuss the latest updates on the Development Road project. According to a ministry statement, the minister welcomed the Turkish delegation, led by Burak Ikan, Director General of International Relations at the Turkish […]
By John Lee. Aswar Al-Hadhaba General Trading, Contracting and Transportation has won a contract with the United Nations Assistance Mission for Iraq (UNAMI) for, "Rehabilitation and Extension of Existing Irrigation Channels." The contract is valued at $800,000. Potential end date is Friday, July 5, 2024. (Source: UNGM)
By John Lee. Iraq's Integrity Commission called for streamlining unnecessary procedures when visiting property registration offices. A survey measuring bribery perceptions revealed that 63% of reviewers stated that the desire for quick transaction processing was the primary reason for paying bribes. The Commission recommended strengthening the monitoring role of the Ministry of Justice's regulatory bodies […]
By John Lee. Genel Energy issued the following trading and operations update relating to Q1 2024 on Thursday, ahead of the Company's Annual General Meeting: Paul Weir (pictured), Chief Executive of Genel, said: "We have achieved balanced income and expenditure in the first quarter of the year, which is ahead of schedule. Local sales from […]
