Cabinet discusses Creation of Iraqi-Uzbek Business Council
By John Lee. Iraq's Council of Ministers has authorised two senior officials to negotiate and sign agreements with Uzbekistan aimed at strengthening bilateral economic, trade, scientific, technical, and cultural cooperation. The Council authorised the Minister of Trade to negotiate and sign a joint cooperation agreement covering economic, trade, scientific, technical, and cultural affairs. Separately, the […]
Iraqi State Manufacturer to make Smart Surveillance Towers
By John Lee. The General Company for Hydraulic Industries, a subsidiary of the Ministry of Industry and Minerals, has announced its capability to design, manufacture and supply smart surveillance towers to government and private-sector clients. The company's director-general, Engineer Ahmed Jamil, said the towers feature high-precision thermal and night-vision monitoring systems, with direct connectivity to […]
"Investors Back Iraq's Long-Term Potential"
From Arabian Gulf Business Insight (AGBI). Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Investors back Iraq's long-term potential Iraq has been dragged into the Iran conflict and had its economic lifeline threatened by the disruption of oil exports through the Strait of […]
Iraqi Airways Launches Direct Flights to Tunis and Muscat
By John Lee. According to Iraq's Ministry of Transport, Iraqi Airways has launched direct weekly flights from Baghdad to Tunis, operating every Thursday from 28th May. Direct flights between Baghdad and Muscat are also set to begin on 2nd June, providing a regular service to the Omani capital. (Source: Iraqi Ministry of Transport)
Road Rehabilitation Completed on Nukhaib-Karbala Route
By John Lee. A 120-km road rehabilitation project linking Nukhaib district to Karbala province has been completed by the Ministry of Construction, Housing and Public Municipalities. According to the ministry's media centre, the road, which is 7.5 metres wide, connects the Arar border crossing with Saudi Arabia to Karbala, passing through Anbar province. It also […]
Iraq and Portugal in Talks to Reopen Baghdad Embassy
By John Lee. Iraq and Portugal have discussed the possible reopening of the Portuguese Embassy in Baghdad, along with broader efforts to strengthen bilateral relations, according to the Iraqi Ministry of Foreign Affairs. Foreign Minister Fuad Hussein spoke by telephone on Saturday with his Portuguese counterpart, Paulo Rangel. The two ministers discussed ways to develop […]
American Rice Shipment Arrives at Aqaba for Iraq
By John Lee. A 44,000-tonne shipment of American rice has arrived at the Jordanian port of Aqaba aboard the vessel Equinox Dream (pictured), according to Iraq's General Company for Food Commodities Trading. The company said the shipment arrived despite difficult maritime conditions stemming from regional security challenges affecting shipping in the area. Engineer Lama Hashim […]
Top 10 Dinar Articles from May
The following were the ten most read dinar-related articles on Iraq Business News for the month of May: CBI Boss says No Plan to Revalue Iraqi Dinar What a New Iraqi PM means for Your Dinars You Bought Iraqi Dinars. Now What? Iraq Banking Sector Reform: Second Phase Under Way "Deleting the Zeros": What Iraq […]
New Oversight Body for Iraq's Public Finances
By John Lee. A new supreme oversight body is to be established in Iraq to monitor government contracts and recover public funds, following a meeting chaired by Prime Minister Ali al-Zaidi on Saturday. The meeting was attended by the head of the Federal Board of Supreme Audit (FBSA), the head of the Federal Commission of […]
Chinese Vessel Docks at Umm Qasr after Hormuz Reopening
By John Lee. A Chinese cargo vessel has docked at Umm Qasr North Port on the first direct sailing from China via the Strait of Hormuz since the resumption of maritime navigation through the strait. According to the Ministry of Transport, the MV KSL Xinyang arrived on Monday carrying a mixed cargo of oil sector […]
Iraq's Mishraq Sulphur Company Signs Private-Sector Partnership
By John Lee. The Mishraq Sulphur State Company, a subsidiary of Iraq's Ministry of Industry and Minerals, has signed a partnership agreement with a private Iraqi company to develop an integrated industrial project for refined sulphur production at the Al-Lazzaka 2 field [Al-Lazakah, Allizaqa] field [in Nineveh Governorate], with an initial production capacity of one […]
EBRD and Iraq in Talks on Development and Banking
By John Lee. Iraq's Ministry of Finance has held talks with the European Bank for Reconstruction and Development (EBRD) on financial and technical cooperation and support for development priorities in Iraq. Finance Minister Falah Sari received EBRD Iraq Country Head Katarina Bjorlin Hansen on Sunday to discuss the outlook for collaboration. The minister said the […]