Iraq Opens Two New AI Engineering Colleges
By John Lee. The Minister of Higher Education and Scientific Research, Dr. Naeem Al-Aboudi, has inaugurated two new colleges dedicated to artificial intelligence (AI) studies. At the University of Technology in Baghdad, he opened the new College of Artificial Intelligence Engineering, which includes specialised departments in intelligent control engineering, intelligent robotics, smart computing and cybersecurity, […]
SOMO in "Advanced Talks" with ExxonMobil on Storage Capacity
By John Lee. Iraq's State Oil Marketing Organization (SOMO) announced that it has reached advanced stages of understanding with America's ExxonMobil to secure storage capacity in Singapore, alongside negotiations on refining and profit-sharing opportunities in the Asian market. SOMO Director General, Ali Nizar Al-Shatri (pictured), told state-owned Iraqi News Agency (INA) that the company is […]
Deal Signed to Drill Eight Wells in Naft Khana
By John Lee. The state-owned Midland Oil Company (MdOC) has announced the signing of a contract to drill eight wells (4+4) in the Naft Khana block in Diyala province. The deal was signed between NK Petroleum Limited, the block's operator, and a consortium comprising Zhongman Petroleum (ZPEC) and H&L Petroleum DMCC, which Iraq Business News […]
CBI, UNDP discuss Digital Economy and Banking Reform
By John Lee. The Central Bank of Iraq (CBI) Governor, Ali Mohsen Al-Allaq, met in Baghdad with Titon Mitra, the new Resident Representative of the United Nations Development Programme (UNDP) in Iraq. Talks focused on technical advisory cooperation regarding the regulatory framework for e-commerce, aiming to strengthen consumer protection and create a safe environment for […]
Kurdistan Region Oil Exports to Resume 'Soon': SOMO Chief
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Kurdistan Region oil exports to resume 'soon': SOMO chief The head of Iraq's State Oil Marketing Organization (SOMO) said on Monday that they are "working to implement the agreed-upon terms" to resume the Kurdistan […]
Dispatch from Basra: Glimpses of Hope in Iraq's Forgotten South
By Jon Wilks, 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. Dispatch from Basra: Glimpses of hope in Iraq's forgotten south There is perhaps nowhere else where the high hopes of the new Iraq were so dashed as in […]
Chinese Deputy Ambassador Highlights Expanding Cooperation
By John Lee. Chinese Deputy Ambassador to Iraq, Xue Haifeng, has told the state-owned Iraqi News Agency (INA) that Iraq-China cooperation continues to gain momentum, covering sectors ranging from energy and development to agriculture and defence. He emphasised that high-level exchanges have played a central role in strengthening bilateral ties, citing recent meetings between Chinese […]
Sudani Calls for Review of Iraq's Oil Export Quota
By John Lee. Iraqi Prime Minister Mohammed Shia Al-Sudani has called for a reassessment of Iraq's oil export quota to reflect the country's true production capacity. Speaking at the Baghdad International Energy Forum (BEIF) on Saturday, which was attended by the OPEC Secretary-General along with Arab, international, and corporate delegations, Sudani highlighted Iraq's strategic role […]
Tabaqchali: A tour of Ur, the Marshes, and Al-Qurna
By Ahmed Tabaqchali, Chief Strategist of AFC Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. "Southern Mesopotamia: A tour of Ur, the Marshes, and Al-Qurna" "The world's surprise boomtown: Baghdad" is the title of The Economist's September 4th article highlighting Baghdad's construction […]
IBBC hosts 40 Iraq SMEs at UK Trade Conference
From the Iraq Britain Business Council (IBBC): IBBC hosts 40 Iraq SMEs at UK Trade conference IBBC team brought over 40 Iraqi SMEs to a bespoke conference in London's Clayton hotel in Chiswick, presenting how to 'Trade with and Invest in the UK ', The IBBC Baghdad team arranged for several high-profile speakers covering all […]
High-Level Probe into Alleged Iraqi Oil Smuggling
By John Lee. Iraqi Prime Minister Mohammed Shia Al-Sudani (pictured) has directed the formation of a high-level investigative committee to examine allegations of corruption involving the mixing and smuggling of crude oil and petroleum products, both at Iraqi ports and within the country's territorial waters. Sudani stressed that there would be zero tolerance in handling […]
Etihad Law Publishes Pharma Legal Handbook
By Ahmed Hankawi, Shayma Aziz, and Abdulhadi AlShimary, Partners, Etihad Law. Etihad Law is proud to announce the publication of our new Pharma Legal Handbook: Iraq. The pharmaceutical sector in Iraq is one of the fastest-growing industries, yet it remains one of the most legally complex. To help businesses, investors, and compliance professionals navigate this […]