Malaysian Firm Wins $82m Contract in Iraq

By John Lee. Malaysia's Pestech International, through its joint venture with China Energy Engineering Group Tianjin Electric Power Construction Co Ltd (TEPC), has won a contract is for the completion of the Electricity Sector Reconstruction Project Phase (III), Lot 1-Construction, comprising of four 132-kilovolt Gas Insulated Switchgear (GIS) substations in Baghdad. The contract value is […]

Asiacell, QiCard, and Digital Zone join forces in Iraq

By John Lee. Iraqi telecom provider Asiacell, fintech Qi and platform Digital Zone have officially announced a strategic alliance. According to a statement from Asiacell, this integration will empower millions of Asiacell and Qi's shared customers to carry out purchases using their Qi payment cards seamlessly. This promises a smooth retail experience, fostering financial inclusion, […]

IrisGuard, NassWallet partner in Iraq

By John Lee. UK-based IrisGuard and Iraq's NassWallet have announced a new partnership with the integration and deployment of IrisGuard EyePay iris enabled smartphone, and EyeCloud platform with NassWallet's mobile wallet service. According to a statement from IrisGuard, the integration will enable a regular verified disbursement of humanitarian cash assistance, provided by the United Nations […]

New Mangrove Nursery in Basra to foster Sustainable Development

WFP and Iraq develop a mangrove nursery in Basra to foster sustainable development and combat the climate crisis The United Nations World Food Programme (WFP), in partnership with the local government of Basra, Iraq's Ministry of Environment, and the University of Basra's Marine Science Centre started a mangrove nursery in the tidal flats region with […]

KRG building Ponds to Improve Water Management

By John Lee. The Kurdistan Regional Government (KRG), in collaboration with UNICEF, has initiated the 'cooperative ponds' program, which entails providing farmers with financial and technical support to build ponds for collecting rainwater. The initiative, which aims to reduce water shortages and lessen the impact of drought, is considered a national priority. The ponds will […]

Kurdistan's Haute Couture breaks into Paris Fashion Week

By Amberin Zaman for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraqi Kurdistan's haute couture breaks into Paris Fashion Week Lara Dizeyee, who will be showcasing her designs at Paris Fashion week in early July, has created a unique line […]

ICC Awards, FSC Decisions and The Three-Years State Budget

By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. ICC Awards, FSC Decisions and The Three-Years State Budget A heated debate dominates domestic politics in Iraq nowadays, indicating possible sever fracture in internal geopolitics and political alliances. Strong and effective correlation […]

Iraq Confirms April Oil Exports of $7.7bn

By John Lee. Iraq's Ministry of Oil has announced finalised oil exports for April: Total exports of crude oil in April: 98,634,947 barrels Revenues from April's crude oil exports: $7.699 billion Oil fields in central and southern Iraq accounted for all of April's crude oil exports, as exports from Kirkuk through the port of Ceyhan […]

Iran, Iraq eye Closer Regional Cooperation

Stressing the need to carry out an agreement on security cooperation between Iran and Iraq, the foreign ministers of the two countries weighed plans for stronger regional collaboration. In a telephone conversation on Thursday night, Iranian Foreign Minister Hossein Amirabdollahian and his Iraqi counterpart Fuad Hussein talked about the latest status of bilateral relations between […]

Iraq to buy French Fighter Jets?

By John Lee. Iraq is reportedly seeking to include Rafale fighter jets from the French company Dassault in the Iraqi Air Force. A spokesman for the Commander-in-Chief of the Armed Forces told state-run Iraqi News Agency (INA) that Iraq will purchase modern military equipment from many countries, including the Republic of France. He also emphasised […]