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 […]
Dutch Court Grants Enforcement of Award against Central Bank of Iraq
By John Lee. A court in the Netherlands has recognized and granted the enforcement of an arbitration award against the Central Bank of Iraq (CBI). The International Chamber of Commerce (ICC)'s International Court of Arbitration in Paris granted the award in favour of Abu Dhabi-based Cardno ME (CME) on February 26, 2023. It required the […]
Pearl Petroleum starts Arbitration against Enerflex
By John Lee. In a statement to the Abu Dhabi Stock Exchange, Dana Gas has announced that Pearl Petroleum has commenced arbitration proceedings against Canadian company Enerflex, the EPC contractor of the KM 250 project. The arbitration relates to the termination of Enerflex's contract for the Khor Mor Gas Expansion Project, due to alleged performance […]
Inside Story: Iran-Iraq Relations under Pezeshkian's Presidency
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Inside story: Iran-Iraq relations under Pezeshkian's presidency Iran's new president, Masoud Pezeshkian (pictured), is set to travel to Iraq, marking his first official foreign visit since taking office. The move underscores the importance […]
Baker Hughes Finalizing a Strategic Framework Agreement in Iraq
By John Lee. The Iraqi Prime Minister met on Sunday with Mr. Lorenzo Simonelli, Chairman and CEO of US-based oil services company Baker Hughes, along with his accompanying delegation. Mohammed Shia Al-Sudani reiterated the government's commitment to ensuring the company's continued presence in Iraq and encouraged its expansion through collaboration with the government and the […]
Iraq Completes First Multilateral Oil Well in East Baghdad Field
By John Lee. Iraq's Ministry of Oil has announced the completion of its first multilateral oil well in the Southern East Baghdad field, using modern drilling technology. Deputy Minister for Extraction Affairs, Bassem Mohammed Khudair, highlighted the rapid drilling and doubled production capacity achieved at a low economic cost. The project, operated by China's EBS […]
Leadership Changes at 51 Labs
By John Lee. Five One Labs has announced that Patricia Letayf, cofounder and former Director of Operations of Five One Labs, is rejoining the organization as its new Executive Director. Alice Bosley, current Executive Director, will be taking on a new role as the President of the Board of Directors. These leadership changes take effect […]
Iraqi PM meets Major Egyptian Companies
By John Lee. Prime Minister Mohammed S. Al-Sudani met on Mondat with Egypt's Deputy Prime Minister and Minister of Transport and Industry, Mr. Kamel El-Wazir, along with heads of several major Egyptian companies specializing in roads, construction, and bridges. The Prime Minister emphasized that this visit reflects the strong brotherly relationship between Iraq and Egypt, […]
New Trade Agreement between UK and Kurdistan Region of Iraq
On Tuesday, 3 September 2024, Prime Minister Masrour Barzani of the Kurdistan Regional Government (KRG) met with a delegation from the United Kingdom led by Oliver Christian, His Majesty's Trade Commissioner for the Middle East and Pakistan, and His Majesty's Consul General to Dubai. The meeting was also attended by Andrew Bizley, the UK Consul […]
Major Undersea Cable Project: Iraq Partners with Ooredoo
By John Lee. Iraq's Minister of Communications, Dr. Hayam Al-Yasiri, announced an agreement with Qatar's Ooredoo Group to lay undersea cables with a capacity of 500 terabits at the Al-Faw station. According to the Ministry, the cables, comprising 24 pairs, will significantly boost Iraq's international communication capacity by connecting to over 200 global undersea cables, […]