PM urges Lifting of EU Ban on Iraqi Airways
By John Lee. Prime Minister Mohammed Shia Al-Sudani chaired a meeting on Sunday with the committee tasked with lifting the European Union (EU) ban on Iraqi Airways. The committee reviewed the steps taken to meet the ban's requirements, efforts to automate all aspects of the airline's operations, aircraft maintenance, staff training, and service improvements to […]
GKP Shares Rise on Dividend Announcement
By John Lee. Shares in Gulf Keystone Petroleum (GKP) closed up more than six percent on Friday, after the company announced that it will pay an interim dividend. The company had cancelled its dividend in May 2023, follow disruption to oil exports from the Kurdistan Region. An increase in sales to local customers had allowed […]
Iraq, China "Strengthen Ties with Major Development Initiative"
By Simon Watkins for the OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq and China Strengthen Ties With Major Development Initiative A series of high-level meetings took place last week between senior Iraqi and Chinese officials to finalize the details of the […]
Iraq's Banking System "Blighted by Corruption"
By Sinan Mahmoud 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's banking system blighted by corruption Dysfunction of the sector is a stark reminder of Iraq's unfulfilled economic expectations - 21 years after US-led invasion. Click here to read […]
Wood, Al Majal to develop New Training Centre in Basra
By John Lee. Scottish consulting and engineering company Wood, together with joint venture partner Al Majal, an Iraqi oil and gas services company, is developing a new state of the art vocational training centre in Basra. According to a press release from Wookd, the Basra Technical Training Centre will advance training and development opportunities for […]
New Tool Helps Iraqi Doctors Document Sexual Violence
By Maram Haddad, for Physicians for Human Rights (PHR). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. In Iraq, a New Tool Helps Forensic Doctors Document Sexual Violence and Torture Physicians for Human Rights (PHR) and the medical-legal sector in Iraq have partnered to […]
Iraqis Buying Less Turkish Property
By John Lee. The Turkish Statistical Institute (TurkStat) has reported that Iraqis ranked fifth among the countries that purchased Turkish real estate in May. Iraqis bought 98 houses in Turkiye in May, putting them behind Russians (437), Iranians (207), Ukrainians (171) and Germans (104). According to Shafaq News Agency, Iraqis had topped the list from […]
A New Era in Iraq's Relations with the West?
By Selin Uysal and Devorah Margolin, for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. A New Era in Iraq's Relations with the West? Amid growing pressure to dissolve the coalition and withdraw troops, the United States […]
KBR wins $46m Contract to Support Sustainable Development in Iraq
By John Lee. American engineering firm KBR has announced that it has been awarded a five-year contract, with options, to support the Iraqi government's visionary infrastructure and future energy ambitions, including the delivery of megaprojects and sustainable development. Under the terms of the $46 million contract, KBR will provide its differentiated advisory and consultancy capabilities […]
IBBC Webinar: Drivers of the Iraqi Dinar Exchange Rate
By John Lee. On a webinar organised by the Iraq Britain Business Council (IBBC) on Tuesday, Professor Frank Gunter of Lehigh University and Dr Ahmed Tabaqchali of AFC Iraq Fund (and Expert Blogger on Iraq Business News) discussed the drivers of the Iraqi dinar exchange rate. The event marks the official launch of the IBBC's […]
Iraq Opens Copper Recycling Plant in Dhi Qar
By John Lee. Under the patronage of Minister of Industry and Minerals, Dr. Engineer Khaled Battal Al-Najm, the ministry's Development Advisor, Qaisar Ahmed Al-Hashimi, inaugurated a copper recycling plant in Dhi Qar's General Company for Electrical Industries. This project, in partnership with a private Iraqi company, aims to produce 3,000 tons of copper rods annually. […]
US Designates Iraq-based, Iran-aligned Militia
By John Lee. The US Department of State has designated Harakat Ansar Allah al-Awfiya (HAAA) and HAAA Secretary General Haydar Muzhir Ma'lak al-Sa'idi, as Specially Designated Global Terrorists (SDGTs). It describes Harakat Ansar Allah al-Awfiya as an Iraq-based, Iran-aligned militia group and part of the "Islamic Resistance in Iraq (IRI)"- a front group comprised of […]