Roche to help Digital Transformation of Iraqi Healthcare
By John Lee. The Iraqi Ministry of Health has renewed its strategic partnership with Swiss pharmaceutical company Roche, as part of ongoing efforts to enhance healthcare services in Iraq. This renewal follows a year of fruitful collaboration that has seen the launch of several ambitious projects aimed at improving the quality of healthcare and expanding […]
New Jordanian Ambassador to Iraq
By John Lee. Iraqi Foreign Minister Fuad Hussein received a copy of the credentials of the new Jordanian Ambassador, Maher Tarawneh, on Sunday. The Minister emphasised that the relations between Iraq and Jordan are historical and solid and extend beyond diplomatic ties to include common geographical ties. He also underlined the importance of enhancing economic […]
Switzerland Reopens Embassy in Iraq: "Promising Prospects for Swiss Businesses"
By John Lee. Switzerland has reopened its embassy in Baghdad, 33 years after closing it during the 1991 Gulf War. The reopening aims to strengthen bilateral relations and enhance cooperation in economic, security, and migration matters. In a statement, the Swiss Federal Department of Foreign Affairs (FDFA) said: "The new embassy will work to strengthen […]
Iraq Maintains Stable Credit Rating
By John Lee. Standard & Poor's (S&P) has affirmed Iraq's credit rating at B-/B with a stable outlook. According to Iraq's Ministry of Finance, the report highlights Iraq's financial and economic stability, driven by ongoing economic and fiscal reforms implemented by the Ministry. It adds that the stable rating reflects Iraq's strong foreign currency reserves, […]
Int'l Pharma and Healthcare Companies target Iraq
By John Lee. An advisor to the Iraqi Prime Minister has reportedly said that international pharmaceutical and healthcare companies are keen to set up factories in Iraq. State-run Iraqi News Agency (INA) quotes Hammoudi Al-Lami as saying that UK-based AstraZeneca held a meeting a month ago with a view to entering the Iraqi market, "either […]
Iraq to Chair G77 at United Nations
Iraq has been elected to chair the Group of 77 and China (G77) at the United Nations for the year 2025, following a meeting of the Asia-Pacific Group held to discuss Iraq's candidacy for this position. Iraq's Chargé d'Affaires to the United Nations in New York Dr. Abbas Kadhom Obaid, delivered a speech in which […]
Egyptian Firm plans Projects and Investments in Iraq
By John Lee. Egypt's Talaat Moustafa Group (TMG) has informed the Egyptian Stock Exchange that it has started "the necessary legal and technical procedures" to begin projects and investments in Iraq. In July, company Chairman Hisham Talaat Moustafa was part of a delegation of Egyptian, Saudi, and Iraqi business leaders meeting with Iraqi Prime Minister […]
Iraq "told to pay $120m" in dispute over Breakwater
By Tariq Tahir for The National. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq told to pay $120m to construction company in dispute over Al Faw breakwater The Iraqi government and its ports operator, the General Company for Ports of Iraq (GCPI), […]
SAP Discusses Iraq Digital Transformation Roadmap
By John Lee. Iraq's Prime Minister, Mohammed Shia Al-Sudani, met with representatives from the German software firm SAP to discuss the company's proposed roadmap for Iraq's digital transformation. Al-Sudani emphasized the government's commitment to advancing digitalization after decades of isolation due to wars and sanctions, which hindered Iraq's technological progress. He highlighted the formation of […]
Finnish Power Company meets with Iraqi PM
By John Lee. Prime Minister Mohammed Shia Al-Sudani met on Monday with the Finnish Ambassador to Iraq, Ms. Anu Saarela, who was accompanied by a delegation representing Wärtsilä, a Finnish company specializing in energy projects. The meeting focused on enhancing relations, particularly in the areas of politics, investment, information technology, and modern digital technologies, where […]
Iraq to Offer 10 Exploration Blocks in New Licensing Round
By John Lee. Iraq's Oil Minister, Hayan Abdul Ghani, announced plans to open 10 gas exploration blocks for investment in a new licensing round. According to the state-run Iraqi News Agency (INA), Abdul Ghani revealed that the ministry will present these opportunities to specialized companies during an upcoming visit to the United States, targeting global […]
Sir Dominick Chilcott joins board of Genel Energy
By John Lee. Genel Energy has announced the appointment of Sir Dominick Chilcott as an Independent Non-Executive Director, with effect from 1 September 2024. According to a statement from the company, Sir Dominick brings a wealth of expertise from his distinguished career as a diplomat over four decades at the UK's Foreign and Commonwealth Office. […]