The Iraq Britain Business Council (IBBC) has published its Advisory Council report on the Ease of Doing Business in Iraq. The report outlines the challenges businesses face and provides actionable recommendations for the Iraqi government to foster a more business-friendly environment. The full report is now available on the IBBC website here. According to data […]
From the United Nations Development Programme (UNDP): The Turning Point: Iraq's Leap into the Digital Economy In a world increasingly defined by digital finance, Iraq has taken a transformative step with the Digital Payment Regulation No.2 of 2024. This landmark policy marks more than just regulatory progress; it signifies a realignment of Iraq's financial infrastructure with […]
By John Lee. The Iraqi Ministry of Communications has signed an agreement with UK's Vodafone to establish a new 5G telecommunications network fully owned by Iraq. The agreement outlines Vodafone's role in preparing the network for launch, providing expertise in network design, commercial strategies, and business growth planning. A memorandum of understanding was also signed […]
By John Lee. Iraq's Cabinet has approved the South Gas Company (SGC) to oversee the establishment of a fixed platform for importing liquefied gas. The company has been granted the following responsibilities: Coordination with Iraqi Ports Authority: Identify platform and gas storage locations, define specifications, and negotiate preparatory works including excavation, landfilling, and berth construction. […]
By John Lee. UK-based Fulkrum, which describes itself as "a leading inspection, expediting, auditing and technical staffing service provider," has reportedly won a multi-million-dollar contract to provide surveillance services for a major gas hub development project in Iraq. According to a report from Oilfield Technology, the company has also registered a new entity in Basra […]
By John Lee. The Belarusian Ambassador to Turkey and Iraq, Viktar Rybak, met with Iraqi officials on Sunday to enhance cooperation in key sectors. Discussions with Interior Minister A. Al-Shammari focused on collaboration between specialized agencies, legal frameworks, and experience sharing. In talks with Higher Education Minister Naeem Al-Aboudi, the two sides explored opportunities for […]
By John Lee. Shares in Genel Energy closed down more than 20 percent on Tuesday, following the company's announcement on Monday that a British court has dismissed its claim for damages from the Kurdistan Regional Government (KRG). The company was seeking damages for its loss of the rights to develop the Bina Bawi and Miran […]
By Michael Knights, for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. How Washington Can Salvage Iraq's Counter Terrorism Service CTS [Counter Terrorism Service] is the most successful U.S. partner force in Iraq, which is why Iran-backed […]
By Dana Taib Menmy for The New Arab. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Behind closed doors?: Iraq's Vodafone 5G deal raises concerns on transparency A Vodafone spokesperson told The New Arab talks are ongoing with Iraq's government on a consultancy for […]
From Tajarib. Re-published with permission by Iraq Business News. QiCard Acquires Miswag The fintech conglomerate continues its series of investments with the acquisition of Iraq's largest e-commerce platform for an undisclosed seven-figure sum Tajarib has announced the International Smart Card Company's (better known as Qi or QiCard) seven-figure acquisition of Iraqi e-commerce giant Miswag. The […]
By Herman Wang and Lauren Holtmeier, for S&P Global. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Trump may target Iraq's oil sector with sanctions to counter Iranian influence: sources US President-elect Donald Trump's planned maximum pressure sanctions campaign on Iran may extend to […]
By John Lee. Prime Minister Mohammed S. Al-Sudani has inaugurated the first phase of the 'Eduba' Project, targeting the construction of 600 schools across Iraq. Funded through the Iraq Development Fund, the initiative will be executed by private sector firms, following comprehensive technical and preparatory work. Global consulting firm Meinhardt and Yerim Contracting, one of […]
