Tawke Oil selling for "Upper USD 30s per Barrel"
By John Lee. DNO ASA, the Norwegian oil and gas operator, reported first quarter 2024 operating profit of USD 61 million, 61 percent higher than the previous quarter, on the back of revenues totaling USD 183 million. Free cash flow at USD 44 million was up 31 percent from the fourth quarter of 2023. Net […]
German Success Supporting Innovation in Baghdad
By John Lee. The Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), the German international development agency, has issued a press release outlining the success of its support for the 'Makers of Baghdad' innovation centres. Between 2019 and 2023, 1,236 Iraqis took part in business training and programming courses at the tech hubs. Subsequently, 221 of them […]
MEED Foundation launches Air Quality Network Project
By John Lee. MEED Foundation, a non-profit dedicated to fostering economic development, has launched the Air Quality Network (AQN) project in Iraq. In collaboration with IQ Group and Civil Development Organisation (CDO), it has created a network of 28 sensors strategically placed in and around Sulaymaniyah, Halabja, and Kirkuk. These sensors, equipped to monitor fundamental […]
Japan's JICA Continues Support to Iraq
By John Lee. Under the auspices of Prime Minister Mohammed Shia' al-Sudani, a memorandum of cooperation was signed today between the Trade Bank of Iraq (TBI) and the Japan International Cooperation Agency (JICA), attended by Deputy Prime Minister and Minister of Planning Mohammed Tamim, and the Prime Minister's Technical Advisor Mohammed Sahib al-Daraji. The agreement […]
Iraqi Militias to Invest in Major Agricultural Project
By John Lee. The Governor of Diwaniya has announced a major agricultural investment project in the desert of Al-Shanafiyah district, expected to create over 10,000 jobs. Abbas Sha'il Al-Zamili said that the investment company is starting soil tests on the 26,000 dunums [2,600 hectare; 6,400 acre] site, with a view to cultivating date palm trees […]
Securing Energy Sovereignty through Khor Mor Gas Field
By Bahrooz Jaafar. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Fortifying Futures: Securing Energy Sovereignty through the Kurdistan Region's Khor Mor Gas Field Amidst global economic challenges, including concerns over energy and food security, oil operations in the Kurdistan Region face a […]
Talabat to come Preloaded on Xiaomi Phones in Iraq
By John Lee. Chinese smartphone company Xiaomi has announced that the talabat app will now come preloaded on Xiaomi phones in United Arab Emirates, Qatar, Egypt and Iraq. Talabat, a food and grocery delivery app, was founded in Kuwait in 2004, and entered the Iraqi market in 2021. It was acquired in 2015 by German-based […]
Financial Literacy for a Sustainable Future in Iraq
The International Labour Organization (ILO) and the Central Bank of Iraq (CBI), with the support of the Italian Agency for Development Cooperation (AICS), are partnering to empower individuals and businesses in southern Iraq with financial literacy skills. A week-long initiative kicked off in Al-Muthanna governorate this week aligns with the CBI's broader Financial Inclusion Week […]
Climate Landscape Analysis For Children In Iraq
From UNICEF: Climate Landscape Analysis For Children And Young People In Iraq Iraq is ranked 61st out of 163 countries on UNICEF's Children's Climate Risk Index, and the United Nations Global Environment Outlook 6 (GEO-6) ranks it the fifth most vulnerable country to water and food shortages and extreme temperatures. These rankings reflect the significant […]
Sadr signals Return to Iraqi Politics
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Amid new intra-Shiite dynamics, Sadr signals return to Iraqi politics 21 months after pledging his "final retirement" from Iraqi politics, Muqtada Al-Sadr is rebranding the Sadrist Movement as the National Shiite Movement. The […]
Can $20bn Iraq Development Road rival India-ME Corridor?
By Sabena Siddiqui for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Can $20B Iraq Development Road project rival India-Middle East corridor? A new trade route is in the works to connect the Gulf with Europe along the Development Road, starting […]
ILO calls for National Momentum for Social Justice in Iraq
From the International Labour Organization (ILO): ILO Director-General calls for national momentum to achieve social justice in Iraq During a two-day visit, ILO Director-General Gilbert F. Houngbo held talks with Iraq's President, Prime Minister, senior Iraqi officials, social partners and youth representatives on advancing social justice and ensuring decent work in Iraq. Click here to […]