IFC in Iraq announces $1bn in New Investments
IFC Marks 20 Years of Partnerships for Impact in Iraq, Announces $1bn in New Investments The International Finance Corporation (IFC), a member of the World Bank Group, held an IFC Partnerships Day in Baghdad on Saturday, under the patronage of His Excellency Mr. Mohammed Shia' al-Sudani, Prime Minister of Iraq, to mark two decades of […]
Partners Sign Key Contracts for Iraq's Gas Growth Integrated Project
By John Lee. TotalEnergies, in partnership with Basra Oil Company (30%) and QatarEnergy (25%), has signed the final contracts of the Gas Growth Integrated Project (GGIP) at the Ratawi [Artawi] field in Basra, under the patronage of Prime Minister Mohammed Shia al-Sudani. The agreements include: a joint operating contract between the Ministry of Oil, Basra […]
Governor of Iraq's Central Bank meets Bank of England Chief
By John Lee. Central Bank of Iraq (CBI) Governor Ali Mohsen Al-Alaq has met with Bank of England Governor Andrew Bailey in London to discuss strengthening cooperation between the two institutions. Talks focused on digital transformation, lessons from the Bank of England's recent banknote modernisation, and studies on digital currencies. Al-Alaq also highlighted Iraq's monetary […]
Iraq Allocates 18,000 Residential Plots for Oil Sector Employees
By John Lee. Iraq's Ministry of Oil has confirmed the allocation of 18,000 residential land plots to employees of state-owned oil companies in Basra. The announcement was made on Monday by Deputy Prime Minister for Energy Affairs and Oil Minister Hayan Abdul Ghani. Half of the plots will be distributed to Basra Oil Company (BOC) staff, […]
Emergency Logistics Team to provide Accredited Training in Iraq
The College of Engineering at the University of Sulaimani has formally signed a Memorandum of Understanding (MoU) with the Irish Emergency Logistics Team during a ceremony held in Erbil. The event was attended by Assistant Professor Dr. Sirwan Khurshid, Dean of the College of Engineering at the University of Sulaimani, Andrew Paisley, British Consul General […]
Asiacell Launches VoWiFi Service in Iraq
By John Lee. Asiacell has announced the launch of Voice over WiFi (VoWiFi) for the first time in the Iraq. According to a press release, the new service allows subscribers to make clearer and more reliable calls wherever mobile coverage may be weak, such as in high-rise buildings, basements, or remote areas. Customers can use […]
Partnership to Rehabilitate Detergents and Cosmetics Lines
By John Lee. The State Company for Food Products, part of the Ministry of Industry and Minerals, has signed a partnership contract to rehabilitate and operate several production lines at the Al-Maamoun Factory, as part of its plan to modernise operations and strengthen its presence in the local market. Director General Eng. Haider Shwea said […]
Contract Awarded for Date Palm Value Chain Project
By John Lee. Chroo Company for General Contracting has won a contract with the United Nations Development Programme (UNDP) for the "Date Palm Value Chain Project." Contract value is stated as $64,520.71. (Source: UNGM)
Chinese Oil Firm sees Iraq as its 'Core Market'
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Chinese oil firm sees Iraq as its 'core market' A subsidiary of the Chinese state-owned ZhenHua Oil said on Sunday that Iraq is its "core market" and pledged to expand investments in the country's […]
Can Partial Crackdown on Militia Weaken Iran's Proxies?
By Akeel Abbas for the Atlantic Council. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Can Iraq's partial crackdown on a powerful militia weaken Iran's proxies? The Iraqi government's unprecedented accusation that the US-designated Kataib Hezbollah (KH) carried out a deadly armed attack […]
Video: Our Honest Review of Iraq as British Tourists
By John Lee. A British couple have posted a video about their experiences visiting Iraq as tourists; they were very impressed by the hospitality and friendliness of the people, and the quality of the wonderful Iraqi food. Click here to view the video on YouTube. (Source: Bevetravels)
Iraq's Verdict on America, Britain, and Iran After 2003
By Dr. Layth Mahdi. The opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq's Verdict on America, Britain, and Iran After 2003 Two decades after the U.S.-led invasion, Iraqis remain sceptical of the promises made in 2003. Operation Iraqi Freedom toppled Saddam Hussein but left […]