Saudi Arabian approves MoU with Iraq on Money Laundering
By John Lee. The Saudi Arabian Cabinet has approved a Memorandum of Understanding (MoU) with Iraq aimed at tackling money laundering and terrorist financing. In a statement, the state-run Saudi Press Agency (SPA) reported that agreement involved, "exchanging financial investigations related to combating money laundering and terrorism financing between the Saudi General Directorate of Financial […]
Blue Ammonia Plant for Basra?
By John Lee. Iraq is reportedly preparing to grant an investment licence for its first blue ammonia production plant, which will be situated in Basra Governorate. A spokesperson for the National Investment Commission (NIC) told the state-run Iraqi News Agency (INA) that the project will reduce carbon emissions into the atmosphere, making it environmentally friendly. […]
Iraq and Turkey to Launch 13 New Water Projects
By John Lee. Iraq's Prime Minister, Mohammed Shia Al-Sudani, has chaired a meeting to discuss the first phase of water projects outlined in a framework agreement with Turkey, signed in April. The package includes 13 key projects focused on water resource management, sanitation, and irrigation. Al-Sudani emphasized the importance of optimizing these projects, particularly in […]
UN launches Campaign to clean Al-Hawizeh Marsh
By John Lee. The Food and Agriculture Organization of the United Nations (FAO) has launched a campaign to clean the Al-Hawizeh Marsh from plastic waste and pollution: Clean-Up Campaign in Al-Hawizeh Marsh: In line with World Water Week and the "Water is Life" campaign, FAO Iraq, in collaboration with the Iraqi government, local authorities, and […]
Parliament's "Secret" Salary Increase "stokes Public Outrage"
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. 'Secret' salary increase in Iraq's parliament stokes public outrage Reports that Iraq's parliament has quietly expanded the privileges of lawmakers has broken open a firestorm of public recrimination. Opposition MPs and activists accuse […]
Iraq Sees 22% Growth in Tax Revenues
By John Lee. Iraq's Prime Minister, Mohammed Shia Al-Sudani, chaired a meeting of the High Committee for Tax Reform on Thursday. The committee reviewed the implementation of various government reform measures that led to a 22% increase in tax revenues as of early August, compared to the same period last year. Al-Sudani emphasized that tax […]
1001 to Broadcast Spanish Football in Iraq
By John Lee. 1001 Media has announced a co-exclusive broadcasting partnership that will bring Spain's LALIGA EA Sports to football fans across Iraq. Starting with the 2024/25 season, 1001 has secured co-exclusive rights to stream all 380 matches live and on-demand in full HD (1080p) on supported devices. In a statement, 1001 Media said: "This […]
Lufthansa Resumes Flights to Erbil
By John Lee. Lufthansa has announced the resumption of flights to Erbil and Amman from Tuesday 27th August. Flights to these destinations, and to Beirut, Tel Aviv and Tehran, had been suspended due to what the German airline described as "exceptional circumstances in the region." Flights to Beirut, Tel Aviv and Tehran, remain suspended, while […]
UK Firm to supply Solar Power Plant to Iraq
By John Lee. UK-based Hydro-C has won a contract to design and supply a solar power plant for Basra Oil Company (BOC) at Iraq's Majnoon oil field. The plant will be supplied from the UK and installed in Iraq. According to a statement from the Iraq Britain Business Council (IBBC), of which Hydro-C is a […]
BP "to develop Kirkuk Oilfields on Profit-Sharing Model"
By Alex Kimani for OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. BP To Develop Iraq's Kirkuk Oil Fields On Profit-Sharing Model British oil and gas giant BP Plc (NYSE:BP) will develop Iraq's Kirkuk oil and gas fields based on a profit-sharing model […]
Development of Ur Tourist City in Dhi Qar
By John Lee. Prime Minister Mohammed Shia Al-Sudani inaugurated the first phase of the Ur Tourist City project in Dhi Qar, which includes the construction of a cultural center, an open-air Sumerian theater, a closed Ur theater, a religious dialogue center, and an administrative building. Al-Sudani also announced the start of several strategic projects, including […]
New Hospital opened in Dhi Qar
By John Lee. A new 50-bed hospital has opened in Dhi Qar. Al-Bathaa Hospital, completed as part of the Dhi Qar Reconstruction Fund, includes fully-equipped wards for children and women, as well as modern oxygen and medical gas systems. Prime Minister Mohammed Shia Al-Sudani inaugurated the new facility during his visit this week to Dhi […]