By John Lee. The Iraqi Cabinet has granted the Ministry of Interior the authority to contract directly with the Verdalia company, the sole agent for the German company Ottobock in Iraq, which specializes in manufacturing and installing smart prosthetic limbs. Sources told Iraq Business News that Verdalia, which is based in Cyprus, operates in Iraq […]
From the Iraqi Children Foundation (ICF): The Iraqi Children Foundation (ICF) has released its 2023 Annual Report, highlighting exciting growth in the range of services and geographic reach of projects benefiting Iraq's most vulnerable and marginalized orphans, street kids, child laborers, disabled children, and child victims of sex and human organ trafficking. Chairman David Collins […]
By John Lee. The Iraqi Drilling Company (IDC) has successfully drilled and rehabilited 52 oil wells during the first quarter of 2024. Mr. Khaled Hamza Abbas, the General Manager of the IDC, said that the company has managed to drill 19 oil wells and rehabilitate 33 others in Iraqi oil fields. (Source: Ministry of Oil)
By John Lee. Prime Minister Mohammed Shiaa Al-Sudani has received an official invitation from Saudi Crown Prince Mohammed bin Salman bin Abdulaziz to participate in the special meeting of the World Economic Forum (WEF), to be hosted by the Kingdom at the end of April. In a letter to the Prime Minister, Prince Mohammed bin […]
From the World Health Organization (WHO): As of January 2024, Iraq has achieved the polio transition process in full. It is the first country among the polio transition priority countries to achieve this remarkable feat. Polio transition involves repurposing polio assets - knowledge, network and infrastructure - to strengthen the broader public health functions of […]
By John Lee. Genel Energy has announced that Sir Michael Fallon has indicated his intention to retire from the Board of Genel at the AGM in May 2024. Sir Michael Fallon has served more than four years at Genel as Non-Executive Director, Deputy Chair, Senior Independent Director, Chair of the International Relations Committee, and a […]
By John Lee. Ziad Ali Fadel, Iraq's Minister of Electricity, arrived at the Iraqi-Jordanian border on Saturday morning to inaugurate the first phase of the Iraqi-Jordanian electrical interconnection project. This interconnection will provide between 40 to 50 megawatts of power to benefit the Rawa district, which has been deprived of electricity for over 10 years […]
By John Lee. The Central Bank of Iraq (CBI) has announced that the cash credit ratio to total deposits in the Iraqi banking sector reached 52 percent in 2023, marking an increase from 47 percent in 2022; it was approximately 55 percent in 2021. Despite the rise, the Central Bank noted that the ratio did […]
By John Lee. Iraq has signed a memorandum of understanding (MoU) with Siemens Energy and Schlumberger (SLB) to invest in and cease flaring associated gas from oil fields. This effort aims to convert the gas into productive energy to supply power stations and the national grid. During the signing ceremony, Mr. Hayan Abdul Ghani, the […]
By John Lee. Iraq's Ministry of Transport has announced what it described as "significantly increased revenues" for three of its wholly-owned businesss in 2023, compared to the previous year: The General Company for Maritime Transport: The company recorded profits 45.7 billion dinars [$34.9 million] in 2023, up from 37.4 billion dinars in 2022; The General […]
From the World Health Organization (WHO): Today [24th March, 2024], Iraq celebrates its remarkable success in tuberculosis (TB) control, which reflects the transformative impact of international collaboration and innovation. Iraq has made significant steps in the fight against TB through its partnerships with the National TB Program (NTP), WHO, International Organization for Migration, Iraqi Anti-TB […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Iraqi Ministry of Oil Abandons Transparency, Denies Iraqis their Constitutional Rights and Reneges on International Obligations Both the Ministry of Oil and the State Oil Marketing Organization (SOMO) recently published data […]
