Belarus Strengthens Ties with Iraq
By John Lee. The Belarusian Ambassador to Turkey and Iraq, Viktar Rybak, met with Iraqi officials on Sunday to enhance cooperation in key sectors. Discussions with Interior Minister A. Al-Shammari focused on collaboration between specialized agencies, legal frameworks, and experience sharing. In talks with Higher Education Minister Naeem Al-Aboudi, the two sides explored opportunities for […]
Genel Shares down 20% following Arbitration Ruling
By John Lee. Shares in Genel Energy closed down more than 20 percent on Tuesday, following the company's announcement on Monday that a British court has dismissed its claim for damages from the Kurdistan Regional Government (KRG). The company was seeking damages for its loss of the rights to develop the Bina Bawi and Miran […]
How US can Salvage Iraq's Counter Terrorism Service
By Michael Knights, for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. How Washington Can Salvage Iraq's Counter Terrorism Service CTS [Counter Terrorism Service] is the most successful U.S. partner force in Iraq, which is why Iran-backed […]
Iraq's Vodafone 5G Deal "Raises Concerns on Transparency"
By Dana Taib Menmy for The New Arab. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Behind closed doors?: Iraq's Vodafone 5G deal raises concerns on transparency A Vodafone spokesperson told The New Arab talks are ongoing with Iraq's government on a consultancy for […]
QiCard Acquires Miswag
From Tajarib. Re-published with permission by Iraq Business News. QiCard Acquires Miswag The fintech conglomerate continues its series of investments with the acquisition of Iraq's largest e-commerce platform for an undisclosed seven-figure sum Tajarib has announced the International Smart Card Company's (better known as Qi or QiCard) seven-figure acquisition of Iraqi e-commerce giant Miswag. The […]
Trump "may Target Iraq's Oil Sector with Sanctions"
By Herman Wang and Lauren Holtmeier, for S&P Global. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Trump may target Iraq's oil sector with sanctions to counter Iranian influence: sources US President-elect Donald Trump's planned maximum pressure sanctions campaign on Iran may extend to […]
Iraq Launches 'Eduba' Project to Build 600 Schools
By John Lee. Prime Minister Mohammed S. Al-Sudani has inaugurated the first phase of the 'Eduba' Project, targeting the construction of 600 schools across Iraq. Funded through the Iraq Development Fund, the initiative will be executed by private sector firms, following comprehensive technical and preparatory work. Global consulting firm Meinhardt and Yerim Contracting, one of […]
Iraq Launches Digital Marine Insurance Service via Ur Portal
By John Lee. Iraq's National Data Center, in collaboration with the National Insurance Company, has introduced a digital marine insurance service through the Ur electronic portal. According to the Iraqi Cabinet, the platform enables customers to obtain marine insurance policies quickly and securely. The service offers three types of insurance policies based on institutional conditions […]
Genel Energy Loses Iraq Arbitration Case
By John Lee. Genel Energy has announced that a British court has dismissed its claim for damages from the Kurdistan Regional Government (KRG) for loss of Genel's rights to develop the Bina Bawi and Miran fields in Iraqi Kurdistan. In a statement made after the close of trading in London on Monday, the company said […]
Iraqi Private Banking Sector Sees Growth in Deposits
By John Lee. The Iraqi Private Banks League (IPBL) has reported a significant rise in banking sector deposits over the past two years, crediting the government's focus on digital transformation and electronic payment systems. However, IPBL Executive Director Ali Tariq told the state-run Iraqi News Agency (INA) that 75% of Iraq's money supply remains outside […]
UAE Law Firm Expands into Iraq
By John Lee. UAE-based law firm Habib Al Mulla and Partners has announced its expansion into Iraq with the opening of a new office in Baghdad. This expansion has been achieved through a strategic partnership with Iraq's Al Nesoor Law Firm. According to a press release, through this collaboration, the firm aims to facilitate foreign […]
Iraq, Spain sign 4 MoUs
By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani and his Spanish counterpart, Pedro Sánchez, have overseen the signing of four joint memoranda of understanding (MoUs): A memorandum of understanding for legal cooperation and exchange of expertise between Iraq's Ministry of Justice and Spain's Ministry of the Presidency, Justice, and Relations with Legislative Councils. A […]