By Yomna Elshamy for The Fish Site. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Can aquaculture help provide a more stable future for Iraq? A project in Duhok, in Iraqi Kurdistan, aims to produce up to 60,000 tonnes of carp a year, offering […]
By John Lee. The Iraq-Jordan Joint Trade Committee has concluded its meetings in Baghdad, signing an agreement outlining several mechanisms to enhance bilateral trade and address existing challenges. The committee, holding its first meeting, was chaired by Jordan's Minister of Industry, Trade, and Supply, Yarub Qudah, and Iraq's Minister of Trade, Atheer Dawood Al-Ghurairi. Minister […]
By John Lee. Iraq is set to conduct its first international transport under the global TIR transit system, marking a significant step towards trade modernisation. TIR is a global convention that streamlines procedures at borders, reducing the administrative burden for customs authorities and for transport and logistics companies. A delegation from the Swiss-based International Road […]
By John Lee. Iraq's Minister of Finance met with a delegation from the German Agency for International Cooperation (Deutsche Gesellschaft für Internationale Zusammenarbeit, GIZ), the European Union, and the German Embassy in Baghdad, alongside representatives from the Central Bank of Iraq (CBI), the Federal Integrity Commission, the Federal Board of Supreme Audit (FBSA), and the […]
By John Lee. The Council of Ministers of the Kurdistan Regional Government (KRG) has instructed the Ministry of Natural Resources (MNR) to maintain coordination with the federal Ministry of Oil, State oil Marketing Organization (SOMO), and oil-producing companies in the region to ensure the swift resumption of Kurdistan Region's oil exports through SOMO, with the […]
By John Lee. Iraq's Ministry of Electricity and GE Vernova have completed upgrades at multiple power plants, enhancing Iraq's electricity infrastructure. The project covers 46 gas turbines across 12 sites, expected to add up to 500 MW to the national grid by summer 2025. Several plants, including Ninawa, Al-Diwaniyah, Hilla, and Karbala, have transitioned from […]
By John Lee. Kirkuk Governor Ribwar Taha Mustafa and Asso Mamand, Head of the Patriotic Union of Kurdistan's (PUK) Organisational Bureau, have laid the foundation stone for the Rahimawa (Al-Ikhwan) Tunnel project, under the supervision of Kirkuk Municipality. The ceremony was attended by members of the Kirkuk Provincial Council, advisors, directors of government departments, and […]
By John Lee. Basra's Deputy Governor for Administrative Affairs, Maher Al-Amiri, has confirmed that a committee is continuing its visits to hospitals in Turkey under the directives of Governor Asaad Al-Eidani. The committee is evaluating healthcare services in Turkish hospitals to prepare a comprehensive report on selecting the best medical facilities for the resumption of […]
By Ahmed Tabaqchali, Chief Strategist of AFC Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Trading Volumes Support Market's Uptrend The market, as measured by the Rabee Securities U. S. Dollar Equity Index (RSISX USD Index), continued with the process of consolidating […]
By John Lee. DNO ASA, the Norwegian oil and gas operator, today reported 2024 revenues of USD 667 million on the back of what it described as "stellar production" in the Kurdistan region of Iraq. According to a company statement this morning: "Net production climbed 50 percent year-on-year to 77,300 barrels of oil equivalent per […]
By John Lee. Prime Minister Mohammed S. Al-Sudani met with Mikhail Bogdanov, Special Envoy of Russian President Vladimir Putin, to discuss strengthening Iraq-Russia relations. Talks covered economic cooperation, regional stability, and the upcoming Arab-Russian Summit, which Al-Sudani signalled his intent to attend. Discussions also focused on expanding collaboration in multiple sectors, including the Development Road […]
By John Lee. NATO Secretary General Mark Rutte has visited Iraq, accompanied by Supreme Allied Commander Europe (SACEUR), U.S. Army General Christopher G. Cavoli. During his visit, he met with President Dr. Abdul Latif Rashid, Prime Minister Mohammed Shia' Al-Sudani, and other senior officials to discuss NATO Mission Iraq (NMI), NATO-Iraq cooperation, and regional security. […]
