From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Debate: Will Iraq, Kuwait succeed in truly turning the page? Former Iraqi leader Saddam Hussein's 1990 invasion of Kuwait cratered the relationship between the two neighbors. More than three decades later, even with […]
By John Lee. The Iraqi Ministry of Oil has defended its decision to award the development of the Akkas gas field to little-known Ukrainian company, Ukrzemresurs. According to a statement from the Ministry, the decision followed Ukrzemresurs' application to the Contracts and Petroleum Licensing Directorate (PCLD), fulfilling the required standards and providing financial and legal […]
By John Lee. The General Company for Iraqi Cement, a subsidiary of the Ministry of Industry and Minerals, reported a 22-percent increase in production in the first quarter of the current year compared to the same period in 2023. Director General Haider Hadi Ali stated the company produced 2,356,975 tons of cement across its plants […]
By John Lee. DNO ASA, the Norwegian oil and gas operator, reported first quarter 2024 operating profit of USD 61 million, 61 percent higher than the previous quarter, on the back of revenues totaling USD 183 million. Free cash flow at USD 44 million was up 31 percent from the fourth quarter of 2023. Net […]
By John Lee. The Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), the German international development agency, has issued a press release outlining the success of its support for the 'Makers of Baghdad' innovation centres. Between 2019 and 2023, 1,236 Iraqis took part in business training and programming courses at the tech hubs. Subsequently, 221 of them […]
By John Lee. MEED Foundation, a non-profit dedicated to fostering economic development, has launched the Air Quality Network (AQN) project in Iraq. In collaboration with IQ Group and Civil Development Organisation (CDO), it has created a network of 28 sensors strategically placed in and around Sulaymaniyah, Halabja, and Kirkuk. These sensors, equipped to monitor fundamental […]
By John Lee. Under the auspices of Prime Minister Mohammed Shia' al-Sudani, a memorandum of cooperation was signed today between the Trade Bank of Iraq (TBI) and the Japan International Cooperation Agency (JICA), attended by Deputy Prime Minister and Minister of Planning Mohammed Tamim, and the Prime Minister's Technical Advisor Mohammed Sahib al-Daraji. The agreement […]
By John Lee. The Governor of Diwaniya has announced a major agricultural investment project in the desert of Al-Shanafiyah district, expected to create over 10,000 jobs. Abbas Sha'il Al-Zamili said that the investment company is starting soil tests on the 26,000 dunums [2,600 hectare; 6,400 acre] site, with a view to cultivating date palm trees […]
By Bahrooz Jaafar. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Fortifying Futures: Securing Energy Sovereignty through the Kurdistan Region's Khor Mor Gas Field Amidst global economic challenges, including concerns over energy and food security, oil operations in the Kurdistan Region face a […]
By John Lee. Chinese smartphone company Xiaomi has announced that the talabat app will now come preloaded on Xiaomi phones in United Arab Emirates, Qatar, Egypt and Iraq. Talabat, a food and grocery delivery app, was founded in Kuwait in 2004, and entered the Iraqi market in 2021. It was acquired in 2015 by German-based […]
The International Labour Organization (ILO) and the Central Bank of Iraq (CBI), with the support of the Italian Agency for Development Cooperation (AICS), are partnering to empower individuals and businesses in southern Iraq with financial literacy skills. A week-long initiative kicked off in Al-Muthanna governorate this week aligns with the CBI's broader Financial Inclusion Week […]
From UNICEF: Climate Landscape Analysis For Children And Young People In Iraq Iraq is ranked 61st out of 163 countries on UNICEF's Children's Climate Risk Index, and the United Nations Global Environment Outlook 6 (GEO-6) ranks it the fifth most vulnerable country to water and food shortages and extreme temperatures. These rankings reflect the significant […]
