Russia's Shoigu Visits Iraq; sees Increased Cooperation on Security, Trade
By John Lee. National Security Advisor Qasim al-Araji met on Tuesday with Russian Security Council Secretary Sergei Shoigu and his accompanying delegation, in the presence of the Russian Ambassador in Baghdad. Al-Araji welcomed the visit, noting that Iraq is pursuing wider cooperation with all countries to serve mutual interests. Discussions focused on strengthening bilateral relations […]
What the Future Holds for Dinar Investors
From XTransfer. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. IQD Myths and Realities What the Future Holds for Dinar Investors Many investors think the dinar is a way to get rich fast. But some people worry they might lose money. The iraqi currency […]
EBRD appoints Catarina Bjorlin Hansen as first Head of Iraq
From the European Bank for Reconstruction and Development (EBRD): The European Bank for Reconstruction and Development (EBRD) is welcoming Iraq as a country of operation. In parallel, Catarina Bjorlin Hansen has been appointed as the Bank's first Head of Iraq. Ms Bjorlin Hansen will be responsible for EBRD investments and operations in the country and report […]
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 […]