IBBC Conference: Much to Celebrate in Iraq as Energy takes Centre Stage
From the Iraq Britain Business Council (IBBC): IBBC's 15th Anniversary Conference. Much to celebrate in Iraq as energy takes centre stage. IBBC is celebrating 15 years in Iraq at a time when Iraq is moving into a new prosperous and stable era. IBBC Spring Conference at the Mansion House on 2nd July will reflect our […]
Iraq Signs MoU with Honeywell for Refinery Development
By John Lee. The Iraqi Ministry of Oil announced details of a memorandum of understanding (MoU) signed with American company Honeywell to develop oil refineries. Deputy Minister for Refining Affairs, Hamid Al-Zobaie, told the state-run Iraqi News Agency (INA) that the MoU involves several projects to increase refinery capacity to 40 percent of crude oil […]
Iraqi Airways sees 89% Increase in Revenue
By John Lee. The Director General of Iraqi Airways has said the airline generated over $91 million in sales and profits during the first five months of 2024, an increase of 89 percent on the same period last year. Manaf Abdul Munem attributed the growth to the effective implementation of the company's operational plan, which […]
Baghdad Airport Security Employees to Receive Salaries
By John Lee. The Iraqi Ministry of Transport has announced the release of salaries for employees of the company responsible for security at Baghdad International Airport (BIAP) for the second consecutive month, following directives from the Council of Ministers and under the supervision of Minister Razzaq Muhibis Al-Saadawi. According to a statement from the Ministry's […]
First Direct Flights between Erbil and London
By John Lee. The first direct flight between Erbil and London was successfully completed on Friday. The flight, operated by Ur Airlines, departed from Erbil International Airport (EIA) at 2pm, carrying 125 passengers. Previously, flights from the Kurdistan Region to the United Kingdom required stops and plane changes, but these flights will now be direct. […]
Five One Labs Launches New Business Support Program
Five One Labs Launches New Business Support Program in Iraq in Partnership with the World Bank Group The World Bank Group and Five One Labs, an international startup incubator with operations in the Kurdistan region of Iraq, are partnering to spearhead initiatives supporting forcibly displaced related startups and micro, small, and medium-sized enterprises (MSMEs) in […]
Iraq Seeks to Boost Economic Ties with Lebanon, Syria
By John Lee. The head of Iraq's National Investment Commission (NIC), Dr. Haidar Mohammed Makkiya, has met with the Lebanese Minister of Economy and Trade, Mr. Amin Salam. During the meeting, Makiya affirmed Iraq's desire to expand cooperation in the investment sector. The NIC chairman stated that the Iraqi government aims to achieve integration in […]
Iraq Securities Commission Partners with IFC for ESG Guide
By John Lee. The Iraq Securities Commission (ISC) has signed an agreement with the International Finance Corporation (IFC), a World Bank Group member, to develop an Environmental, Social, and Corporate Governance (ESG) guide. This initiative aims to integrate international best practices into Iraq's securities market to enhance its performance and effectiveness. According to a statement […]
KRG PM Welcomes New French Ambassador
By John Lee. On Wednesday, 12 June 2024, Prime Minister Masrour Barzani of the Kurdistan Regional Government (KRG) welcomed Patrick Durel, the newly appointed Ambassador of France to Iraq. Prime Minister Barzani congratulated Ambassador Durel on his new role and emphasised the importance of fostering strong relations between France and the Kurdistan Region for future […]
"Tension" over Authority among Iraq's Top courts
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Shock ruling indicates tension over authority among Iraq's top courts A judicial crisis has blown open as Iraq's Federal Court of Cassation (FCC) has for the first time overturned a ruling by the […]
Climate Vulnerability Assessment in the Kurdistan Region of Iraq
By John Lee. The International Organization for Migration (IOM) has issued a new 18-page report titled, 'Climate Vulnerability Assessment in the Kurdistan Region of Iraq'. The report highlighted a number of points: Iraq, including the Kurdistan Region of Iraq (KRI), is facing various challenges related to climate change and environmental degradation, such as rising temperatures, […]
Huawei signs MoU on Iraqi Education
By John Lee. During a recent 'smart education' event held in cooperation with Huawei, a memorandum of cooperation was signed between the Iraqi Ministry of Higher Education and Scientific Research (MOHESR), the Huawei Academy for Information and Communications Technology, and the Talent Ecosystem Programs. A press release from the Ministry gave no details of the […]