By John Lee. Iraq's Council of Ministers authorised the Ministry of Agriculture to contract with Date Palm Developments Ltd (DPD) to supply 20,000 tissue-cultured palm seedlings as part of the National Program for Date Palm Rehabilitation and Seedling Propagation in Iraq for 2024. The council also exempted it from government contracting and budget execution regulations. […]
By John Lee. Spanish fashion retail chain Inditex has said it will launch its first stores in Iraq this year. The announcement in the Group's FY 2024 results is part of a general worldwide expansion. Inditex did not specify which brands will be introduced to Iraq, but the group includes Zara, Bershka, Massimo Dutti, Oysho, […]
By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani met with India's newly appointed Ambassador to Iraq, Sumin Baghchi, to discuss bilateral relations and economic collaboration. Al-Sudani emphasized Iraq's commitment to strengthening ties with India, proposing the establishment of an Iraq-India Economic Cooperation Council and the activation of the Iraq-India Business Council. He also invited […]
Genel Energy has announced its audited results for the year ended 31 December 2024. Paul Weir, Chief Executive of Genel, said: "In 2024, we demonstrated further progress on our journey of building towards delivering resilient, diversified cash flows. Our shift from cash outflow in 2023 to cash generation in 2024 has been important, and in […]
By John Lee. The Iraqi Ministry of Agriculture has reportedly said that the country has achieved self-sufficiency in seven crops and is exporting 13 crops internationally. Ministry spokesperson Mohammed al-Khuzai told state-run Iraqi News Agency (INA) that, despite water shortages, Iraq is expanding its agricultural plans by cultivating desert lands, relying on well water, and […]
By John Lee. The Iraqi Oil Pipeline Company has successfully removed an illegal tap on a 16-inch crude oil pipeline in the Nahrawan area, east of Baghdad. Company Director General Ali Abdul Karim al-Moussawi said that technical teams detected the breach, which involved a deliberate puncture connected to valves and a 100-meter plastic pipe for […]
By John Lee. The German Embassy in Iraq has confirmed that trade between Germany and Iraq reached €1.7 billion in 2024, with a 10% growth in German exports over four years. Roland Westebbe, Deputy Director of the German Embassy Mission in Iraq, stated that Germany aims to expand its trade relations with Iraq, viewing it […]
By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani met with Turkish Minister of Energy and Natural Resources, Alparslan Bayraktar, to discuss energy cooperation and economic ties. Al-Sudani reiterated Iraq's commitment to collaboration with Turkish companies, particularly in the energy sector, including cross-border electricity interconnection and cooperation on the Strategic Development Road Project. He also […]
By John Lee. The Baghdad Chamber of Commerce has welcomed the Amman Chamber of Commerce's plan to establish a trade office in Baghdad, aimed at strengthening economic and trade cooperation between Iraq and Jordan. During a meeting with Raad Bureij, Vice President of the Baghdad Chamber of Commerce, Amman Chamber President Khalil Al-Haj Toufic emphasized […]
By John Lee. The Bazargan Oil Complex has announced the establishment of a gas compression unit with a processing capacity of up to 70 million standard cubic feet per day (MMscf), as part of efforts to fully utilize associated gas from Missan's oil fields. Hassan Falahi, head of the gas processing division, told the state-run […]
By John Lee. Iraq's Ministry of Communications has signed an agreement with Qatar's Ooredoo Group for the deployment of the country's fourth submarine cable (FIG) at the Al-Faw landing station. Minister Dr. Hayam Al-Yasiri emphasized the strategic importance of the 24-pair fiber-optic cable, which has a capacity of over 700 terabits and connects seven Gulf […]
By John Lee. Brazilian Ambassador Luis Ivaldo has affirmed his country's commitment to expanding cooperation with Iraq, particularly in industry and agriculture. Speaking to the state-run Iraqi News Agency (INA), he highlighted that bilateral trade reached $1.9 billion in 2024, marking a 48% increase from 2023. Ivaldo emphasized Brazil's readiness to support Iraq in developing […]
