Bank of Baghdad joins KRG's Financial Inclusion Initiative
By John Lee. Following approval from the Central Bank of Iraq (CBI), the KRG has announced that the Bank of Baghdad will join its 'MyAccount' financial inclusion initiative. In a statement, the KRG said: "Bank of Baghdad's participation will help increase banking products and services and accelerate the emergence of consumer credit for the people […]
Sharqiya Group to launch Iraq's first SVOD Platform
Accedo and Brightcove have joined forces with Al Sharqiya Group (Sharqiya) to elevate its 1001 OTT streaming service by introducing one of Iraq's first Subscription Video-On-Demand (SVOD) platforms, alongside live linear channels. Recognised as a leading media provider of factual and entertainment content in Iraq and the MENA region, Sharqiya's expansion through its support of […]
IDC Completes Oil Well at Bai Hassan Field
By John Lee. The Iraqi Drilling Company (IDC) has successfully completed the drilling of oil well 199 at the Bai Hassan oil field, west of Kirkuk. Drilling reached a depth of 1,810 meters, using the1,000-horsepower IDC 222 drilling rig. The work was done on behalf of the North Oil Company (NOC). (Source: Ministry of Oil)
TotalEnergies signs contracts for Solar Power in Iraq
By John Lee. Iraq's Ministry of Electricity and the French company TotalEnergies have signed two contracts to produce 1,000 megawatts of solar power. The development will be built in four, 250-MW phases at the Ratawi [Artawi] field in Basra. According to state-run Iraqi News Agency (INA), it will be completed within two years. (Sources: INA; […]
Iran's Trade with Iraq "Up 30%"
From Tasnim, under a Creative Commons licence. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iran's exchange of trade with neighboring Iraq registered a 30% growth in the previous Iranian calendar year (March 21, 2023 to March 19, 2024), according to an official at […]
Iraq "Plans to Reopen Own Oil Pipeline"
By Jack Dutton for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq plans to reopen own oil pipeline as talks to restart Kurdish route stall The move to reopen the pipeline will irk the Kurdistan Regional Government, as it introduces […]
Q&A: Iraq's PM to Visit White House. What's at Stake?
By Sajad Jiyad, for The Century Foundation (TCF). Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Q&A: Iraq's Prime Minister Is Visiting the White House. What's at Stake? Iraqi prime minister Mohammad Shia al-Sudani will make his first official state visit to Washington, […]
Jiyad: Supporting the Ministry of Oil, Confronting APIKUR
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Position Statement and Call- Supporting the Ministry of Oil, Confronting APIKUR We, whose names are listed below, are oil specialists, are those who follow oil affairs, are those concerned with the Iraqi […]
New Telecom Route from Kuwait to Europe via Iraq
By John Lee. The General Company for Communications and Informatics, a division of Iraq's Ministry of Communications, has signed a contract with Kuwaiti company Al-Zajil to transit international communications to Europe through Iraq via Turkey. Al-Zajil is a subsidiary of Kalaam Group. Minister of Communications, Dr. Hayam Al-Yasiri, emphasized that the signing of the contract […]
Cabinet Approves Debt Guarantees for Al-Khairat Power Station
By John Lee. The Iraqi Cabinet approved the recommendations of the Sovereign Guarantees Committee regarding the Al-Khairat Power Station. The new facility is being built by Harlow International, which describes it as, "the largest thermal power plant project in Iraq ... which will provide more than 10% of Iraq's power demand when fully operational." According […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 9th April 2024). Note: ISX will be closed starting from Apr. 9, 2024 (Tuesday) to Apr. 11, 2024 (Thursday) due to the religious holiday of Eid Al-Fitr. The next trading session will be held on Apr. 14, 2024 (Sunday). Please click here […]
Businessmen Jailed in Iraq reach 3-year Milestone
By John Lee. Australian engineer Robert Pether and his Egyptian colleague Khalid Radwan have now spent more than three years in prison in Iraq. The pair were detained in April 2021 by authorities in Baghdad in relation to a dispute over the construction of the new Central Bank of Iraq (CBI) headquarters in Baghdad. They […]