By John Lee. The Central Bank of Iraq (CBI) chaired the latest meeting of the Iraqi Payments Council to review progress in adopting electronic payment systems across government institutions and the private sector. The meeting discussed the procedures and mechanisms used by ministries and public sector bodies to implement e-payment technologies, the level of progress […]
By John Lee. The Central Bank of Iraq (CBI) has said that its monetary policies have pushed inflation to historically low levels, adding that there is no intention to amend the exchange rate of the Iraqi dinar (IQD). In a statement issued on Monday (24th November), the bank rejected rumours of a possible exchange rate […]
By John Lee. A new infant formula plant has begun construction in Baghdad, marking the launch of Iraq's first factory dedicated to producing baby milk and fortified nutrition products. The facility, the Mohannad Ali Abdullah Infant Formula Factory, is being built by the Qatari construction company Magnum and will manufacture infant formula for the Turkish […]
By John Lee. Colorado-based Vectrus Systems LLC [V2X] has been awarded a $252,050,925 cost-plus fixed-fee indefinite contract action for base support services in support of the Iraq F-16 program. This contract provides for base operating support, base life support, and security services. Work will be performed at Martyr BG Ali Flaih Air Base (formerly Balad Air Base), […]
By John Lee. Italy's Prometheus will supply its ProFlex passive fire protection systems for the New Nassiriya Depot Project, where China Petroleum Pipeline Engineering Co., Ltd (CPP) is the EPC contractor. The project, developed by the State Company for Oil Projects (SCOP), involves the construction of a new crude oil storage and handling facility on the […]
By John Lee. Shams Telecom has signed a memorandum of understanding with GlobalTek to cooperate on solar energy and related technology projects in Iraq. The agreement covers collaboration on clean energy solutions, with a focus on solar power, and on providing technology and infrastructure services for the telecommunications and energy sectors. The Baghdad-based companies said […]
By John Lee. Management Partners (MP) has signed a memorandum of understanding with BHTC for Training & Consulting -- Bayt Al-Hikmah (House of Wisdom) for Training and Human Development -- to cooperate on training, institutional development and capability building for Iraq's financial services sector. The agreement was signed by Hisham Khalid and Amar Shubar, in […]
By John Lee. A meeting was held between Azerbaijan and Iraq during the World Telecommunication Development Conference (WTDC-25) in Baku to coordinate FM radio broadcasting stations between the two countries. The Azerbaijani side was represented by officials from the Ministry of Digital Development and Transport, the Information and Communication Technologies Agency and the State Administration […]
By John Lee. The Ministry of Oil has completed the two-dimensional (2D) seismic survey programme west of Khudher Al-Mai [Khider al-Mai] in Muthanna province, exceeding its target with a completion rate of 103 per cent. The work was carried out by the Third Seismic Team under the Oil Exploration Company, covering a total distance of […]
From the United Nations (Iraq): The BEIT Project Integrates Policy, Legal Frameworks, and Practical Solutions to Address Iraq's Housing and Employment Challenges The Building Equitable and Inclusive Transformation (BEIT) towards Decent Work and Affordable Housing in Iraq project held its second Steering Committee Meeting in Baghdad. In his opening remarks, Dr. Mohamed Mohsen Al Sayed, […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Politicians hail Iraq-Turkey 'oil-for-water' accord as critics cry foul Touted as a breakthrough, Iraq and Turkey have signed a "historic" oil-for-water agreement. Officials say the deal will boost both countries' economies while easing […]
Iraq Strengthens Integrity and Environmental Justice: Anti-Corruption and Arbitration Initiative Enters New Phase With a 14-place leap in global Transparency Index, the country moves to tackle corruption linked to climate, environment, and natural resources In a move towards transforming how Iraq fights corruption and protects its natural resources, the Government of Iraq and the United […]
