Iraq Signs 13 Initial Energy Development Contracts
By John Lee. Iraq's Ministry of Oil, led by Deputy Prime Minister for Energy Affairs and Oil Minister Hayan Abdul Ghani, has signed 13 initial contracts with companies to develop oil fields and exploration blocks as part of the supplementary fifth and sixth licensing rounds. The deals are expected to add 750,000 barrels per day […]
Jiyad: Proposed Oil Overproduction Compensation Raises Questions
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq Proposed Oil Overproduction Compensation, Raises Questions Await Answers OPEC Secretariat statement No. 9/2024, dated 24th July 2024, confirms receipt of plans to compensate for "Cumulative overproduction Jan. 2024 to June 2024 […]
Iraq Maintains Public Sector Stake in Mixed-Ownership Companies
By John Lee. The Iraqi government has decided to retain the state's shares in mixed-ownership companies, rejecting any sale of public sector stakes. The Cabinet said its decision on Tuesday was made to prevent losses to the public sector, as the true value of these companies is considered to be much higher than their current […]
New UAE Ambassador to Iraq
By John Lee. Deputy Prime Minister and Foreign Minister Mr. Fuad Hussein received a copy of the credentials of the new UAE Ambassador to Iraq Mr. Abdullah Matar Khamis Khalfan Al Mazrouei, at the Ministry's headquarters on Tuesday, August 13, 2024. The meeting dealt with bilateral relations between the two countries and ways to enhance […]
Iraq Approves New Residential City in Wasit
By John Lee. Prime Minister Mohammed Shia' Al Sudani chaired the regular meeting of the Higher Committee for Investment and Reconstruction, focusing on improving investment mechanisms across various economic and developmental sectors. The committee approved the creation of "New Wasit City," a residential project in Wasit province, as part of the government's vision to develop […]
Iraqi PM Inaugurates Key Infrastructure Projects in Baghdad
By John Lee. Prime Minister Mohammed Shia' Al Sudani inaugurated three significant infrastructure projects in Baghdad via video link. These include: Baghdad Entrance Project: The main entrance from Diyala-Kirkuk was upgraded, expanding the road from 10 to 16 meters with improved highway standards. Nahrawan Water Project: Located southeast of Baghdad, this project, stalled since 2012, […]
Iraqi Airways Renews Partnership with SITA
By John Lee. Iraqi Airways has renewed its partnership agreement with IT service provider SITA, to modernize its passenger handling systems and stay aligned with technological advancements. Following directives from the Minister of Transport, Razzaq Muhaibis Al-Saadawi, the national carrier will implement the SITA Flex Hybrid system to enhance passenger experience and service efficiency. The […]
Brazilian Exports of Chicken to Iraq more than Double
By John Lee. Brazilian exports of chicken meat to Iraq have more than doubled. Considering all products, including fresh and processed, Brazil shipped a total of 15.3 thousand tons to Iraq in July. According to the Brazilian Animal Protein Association (ABPA), this represents an increase of 118.6 percent on the same month last year. (Source: […]
Iraqi Airways Launches First Flight to Tunisia
By John Lee. The Ministry of Transport has announced the first Iraqi Airways flight to Tunisia aboard a modern Airbus A220, marking the national carrier's newest destination. This inaugural flight from Baghdad to Tunis is set to be followed by scheduled routes in the coming days. The development follows discussions between Iraq's Minister of Transport, […]
Chevening Scholarships open for Applications
The UK's Chevening Scholarships programme is open for applications until 5th November 2024, at 12:00 (GMT). Chevening is the UK government's international scholarships programme. Funded by the Foreign, Commonwealth and Development Office and partner organisations, it offer awards to study in the UK for one year on a fully funded master's degree course. Successful Chevening […]
Sudani "pushes to realize old Iraqi dream of Baghdad Metro"
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Sudani pushes to realize old Iraqi dream of Baghdad Metro A dream of Iraqi city planners since the 1980s, long-stalled plans for a metro system in Baghdad have received a shot in the […]
Turkey-Iraq Power Line "part of a broader Strategic Shift"
By Umud Shokri for The Middle East Institute. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Powering up: Turkey-Iraq transmission line is part of a broader strategic shift On July 21, 2024, Baghdad inaugurated a new power line connecting Turkey and Iraq to […]