Iraq's "Heist of the Century" Trial delayed again
By Amr Al Housni for The New Region. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq's Heist of the Century prime suspects keep trial hanging for second time The main suspects in Iraq's Heist of the Century case failed to appear for their […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 12th Sept 2024). Please click here to view a table of listed companies and their associated ticker codes. Note: ISX will be closed on Sep. 15, 2024 (Sunday) due to a religious holiday (Prophet's Birthday). The next trading session will be held […]
Russia "has Invested over $19bn in Iraqi Energy Sector"
By John Lee. Russian Foreign Minister Sergey Lavrov has said that Russia has invested over $19 billion in the Iraqi energy sector. "LUKOIL, Gazprom Neft and Rosneft account for the bulk of this investment," he added. The Minister made the comments at the opening ceremony of an exhibition marking the 80th anniversary of establishing diplomatic […]
$480m Water Supply Project in Erbil
By John Lee. The Kurdistan Regional Government, led by Prime Minister Masrour Barzani, has laid the foundation for a $480 million emergency water supply project in Erbil. Set for completion within 550 days, the project aims to fully resolve the city's water shortage by treating 480,000 cubic meters of water daily and supplying 20,000 to […]
Iraqi Oil Minister meets US Oil Industy Execs
By John Lee. Iraqi Minister of Oil, Hayan Abdul-Ghani, has held a series of meetings with oil industy executives during his visit to the United States: ARC Alternative and Renewable Construction LLC, represented by CEO Lonnie Coplen, and Maysoon Tawfik. Discussions involved cooperation on infrastructure development for Iraq's energy sector. Baker Hughes, led by senior […]
Earthlink Boss to Chair Fiber-Optic Council
By John Lee. The FTTH Councils Global Alliance (FCGA) has announced that Fiber Connect Council MENA, represented by its President, Dr. Ala Mousa [Alaa Mousa; Dr Alaa Jasim], has been appointed as the Chair of the FTTH Councils Global Alliance. Dr. Mousa, who also serves as the CEO of EarthLink, Iraq, will lead the FCGA […]
Hunt Oil CEO meets with Iraqi Oil Minister
By John Lee. Iraq's Deputy Prime Minister for Energy Affairs and Oil Minister, Hayan Abdul Ghani, met with a delegation from Hunt Oil, including CEO Mark Gunnin and senior executives, during his visit to the United States. The talks focused on Iraq's efforts to invest in and develop oil and gas fields, with assurances of […]
Iraq and Iran to create new Economic City
By John Lee. Iraq and Iran have agreed to allocate 2,000 dunams [200 hectares; 500 acres] in Zurbatiyah for the creation of a new economic city. The announcement followed discussions today between Iraqi Prime Minister Mohammed S. Al-Sudani and the President of Iran, Masoud Pezeshkian, which focused on the border industrial zones, which are being […]
Iran and Iraq sign 14 Memoranda of Understanding
By John Lee. Prime Minister Mohammed S. Al-Sudani met today with the President of the Islamic Republic of Iran, Mr. Masoud Pezeshkian, at the Governmental Palace in Baghdad. This meeting marked the beginning of President Pezeshkian's official visit to Baghdad, during which various topics of mutual interest were discussed, aiming to enhance cooperation and partnership […]
British Int'l University Opens New Campus in Erbil
From the Iraq Britain Business Council (IBBC): British International University in Iraq Opens New Campus in Erbil The new British International University in Iraq, a project between IBBC members London University, GEMS, and CISQ, was officially opened by the Prime Minister of the KRG, Mr. Masrour Barzani, on Saturday, 7th September. The event was attended […]
Iraq and Shell discuss Enhancing Energy Cooperation
By John Lee. As part of his visit to the United States, Iraq's Deputy Prime Minister for Energy Affairs and Oil Minister, Hayan Abdul Ghani, met with senior executives from Shell, including Vice President Fakher Abdulrahim Badr [Bader] and Head of International Affairs Amy Conroy. The meeting focused on enhancing collaboration in gas and energy […]
Combined-Cycle Power Projects to add 612 MW to Iraqi Grid
By John Lee. Prime Minister Mohammed Shia Al-Sudani has launched the construction of three projects related to additional combined-cycle units for electricity generation. South Baghdad Gas Fired Power Plant, with a design capacity of 125 MW. Implemented by China's Dongfang Electric; Mansuriyah Gas Fired Power Station in Diyala Province, with a design capacity of 362 […]