Iran's IRGC Attacks Targets in Erbil
By John Lee. The Iraqi Ministry of Foreign Affairs has summoned the Iraqi Ambassador to Tehran, Naseer Abdul Mohsen Abdullah Al-Karawi, for consultations, following missile attacks by Iran's Islamic Revolutionary Guard Corps (IRGC) on targets in Erbil overnight. The attacks causing several deaths and injuries. In a statement, the Prime Minister of the Kurdistan Regional […]
IDC Successfully Completes Drilling at Zubair Oil Field
By John Lee. The Iraqi Drilling Company (IDC) has successfully completed the drilling of oil well Zubair/475 to a depth of 2,402 meters. Additionally, the company has accomplished the drilling of oil well Zubair/462, reaching a depth of 3,562 meters. These operations are part of the contract signed with the Italian company ENI to drill […]
Iraq "Deploys Special Forces to Baghdad Airport"
By Aisha Kehoe Down, for the Organized Crime and Corruption Reporting Project (OCCRP). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq Deploys Special Forces to Baghdad Airport to Increase Security Iraqi authorities have deployed special forces to increase security at Baghdad International Airport […]
Iraqi Customs Official Jailed; must Repay $60m
By John Lee. Iraq's Commission of Integrity has ordered five years "severe imprisonment" for the former Director of Customs at the Trebil (Tarbiel, Trebil) border crossing (pictured) between Iraq and Jordan. The director was also required to pay back 78 billion dinars ($60 million) to the state treasury. The decision was made following an investigation […]
DNO Confirms Q3 2023 Local Oil Sales in Iraqi Kurdistan
By John Lee. DNO ASA, the Norwegian oil and gas operator, will publish its Q4 2023 operating and interim financial results on 8 February at 07:00 (CET). A videoconference call with executive management will follow at 14:00 (CET). The Company issues below an update on production and sales volumes for the quarter as well as […]
Iraqi Cabinet Allocates Land for Thi Qar Reconstruction
By John Lee. The Iraqi Cabinet has approved the allocation of a 433-donum plot of land for the Dhi Qar Reconstruction Fund. The land, part of the Tourist City of Ur, will facilitate the completion of designated projects. Additionally, approvals include: Transferring ownership of property near Imam Hussein Street to the local administration in Dhi […]
Restructuring Rafidain Bank: Iraqi PM meets Ernst & Young
By John Lee. Iraqi Prime Minister Mohammed Shia Al-Sudani has presided over a meeting with representatives from Ernst & Young (EY), specializing in auditing and financial consulting. The preliminary draft of the company's plan for restructuring the state-owned Rafidain Bank was discussed. According to a statement from the Prime Minister's office, he emphasized the need […]
Three Sixty Solar signs MoU with Iraqi Firm
By John Lee. Canada's Three Sixty Solar has announced the signing of a Memorandum of Understanding (MOU) for the sourcing, fabrication, implementation, and distribution of vertical solar tower systems within the Middle East, North Africa, and Turkey. The company signed the MOU with a consortium of partners including Infraforward Strategies (US), Tareeq Al-Ahmadi Company (Iraq), […]
New Road Opened in Nasiriyah
By John Lee. Iraqi Prime Minister Mohammed Shia Al-Sudani has inaugurated the new Ya Hussain road in the center of Nasiriyah, Dhi Qar Province. The road, part of the Thi Qar Reconstruction Fund, consists of two segments: The first, spanning 3 km, features four main and service lanes, central islands, green spaces, and seating areas. […]
Iraq had the most Internet Shutdowns in 2023
By John Lee. Iraq was the nation with the largest number of internet shutdowns in 2023, according to a survey from Top 10 VPN. Its 66 shutdowns almost all occurred in relation to school exams, in an attempt to prevent cheating. Internet blackouts lasted a total of 185 hours, while social media shutdowns totalled 280 […]
Italian Firm to Manage Najaf Hospital
By John Lee. The Policlinico San Donato, a hospital of the San Donato Group, has been awarded a multi-year management contract for a highly specialized university hospital in Najaf. The 492-bed facility is owned by the Iraqi Ministry of Health. The agreement was signed by the Minister of Health, Saleh Al-Hasnawi and Kamel Ghribi, Vice […]
Qi Card Extends Western Union Service to Rafidain Clients
By John Lee. Qi Card has announced the inclusion of all holders of Rafidain Bank cards in the Western Union money transfer service. Director Ali Hussein Mun'im said the decision was made in order to serve a broader segment of the public. Qi Card was established in 2007 as a joint venture between the private […]