Author Archive | Editor

"Makers of Baghdad" Innovation Hub Launched

New Iraqi brand Makers of Baghdad has been launched at Makers' premises in Baghdad. Makers (formerly IoT Maker) is an innovation hub that provides technical qualifications, and job acceleration programs for the youth to create job opportunities in the field of Information technology, and encourage them to develop their startups. The methods used vary from […]

GKP announces 2023 Guidance, New Chair

Gulf Keystone Petroleum (GKP) has provided an operational and corporate update today. The information contained in this announcement has not been audited and may be subject to further review. Jon Harris, Gulf Keystone's Chief Executive Officer, said: "2022 was a strong year for GKP, in which we made progress on multiple fronts that will position […]

KRG considering $10bn Investment from China

By John Lee. China's Gezhouba Group has offered to invest $10 billion in Iraq's Kurdistan region. According to a report from Kurdistan24, a translation of which was published on the company's website, the investment is intended for roads, railways, the power sector and dams. Mohammed Shukri, chairman of the Kurdistan Investment Board, is quoted as […]

The British University of Iraq is launched

On 24th January, H.E Naeem Al Aboudi, Minister of Higher Education and Scientific Research, signed the agreement to establish the British University of Iraq. The University was founded by two former UK diplomats, including the Chair of the board john Tucknott CMG, MBE and lead by the Founding President Professor Victoria Lindsay. The proposal has […]

Sallyport wins $235m Iraq Contract

By John Lee. US-based Sallyport Global Holdings, part of the Caliburn International group, has been awarded a $235,608,052 cost-plus-fixed-fee modification (P00003) to previously awarded contract FA8630-22-C-6006 for base operations support, base life support and security services in support of the Iraq F-16 program. The contract modification is for an additional 12 months of service being […]

Hapag-Lloyd adds new Saudi-Iraq Route

By John Lee. The Saudi Ports Authority (Mawani) has announced the addition of Jubail Commercial Port to the India Gulf Service 1 (IG1) shipping route by ocean carrier Hapag-Lloyd. Starting on 12th February, the weekly service will link the Kingdom to the ports of Jebel Ali, Karachi, Mundra, Sohar, Shuaiba, and Umm Qasar on board […]

New ESG Performance Scorecard for Iraqi Banking Sector

By John Lee. The Central Bank of Iraq (CBI) has signed an agreement with the International Finance Corporation (IFC) to launch the first ESG (Environmental, Social, and Governance) Performance Card project report in the Iraqi banking sector. This was prepared in cooperation and coordination with experts from the International Finance Corporation (IFC). At the launch […]