UK "is Committed to the Stability and Security of Iraq"
By John Lee. In a statement at the UN Security Council meeting on Iraq yesterday (Tuesday), the UK's Deputy Political Coordinator Tom Phipps (pictured) said the UK remains committed to supporting the Iraqi Government and the implementation of its ambitious reform agenda. He welcomed in particular the passing of the budget in June, which he […]
Baghdad Residential Complex to feature Iraq's Tallest Skyscraper
By John Lee. The President of Iraq's National Investment Commission (NIC) has launched the Downtown Baghdad project, which will feature Iraq's tallest skyscraper, with 65 floors. Dr. Haider Muhammad Makiya said the project would serve as a modern and contemporary residential complex designed for sustainability. He emphasized that there would be no additional expenses for […]
New Facility at Al-Faw to Process Iraq's Gas Imports
By John Lee. Prime Minister Mohammed Shiaa Al-Sudani chaired a meeting on Sunday evening to discuss diversifying gas sources for power stations in Iraq. During the meeting, the delegation's report on their recent visit to Qatar was discussed, led by the Deputy Minister of Electricity. The meeting concluded with an agreement to establish a fixed […]
Iraq and Turkmenistan Discuss Gas Imports
By John Lee. During a meeting with Turkmenistan's Minister of State for Gas Affairs, Iraq's Deputy Prime Minister for Energy and Minister of Oil expressed the desire to enhance bilateral cooperation in the oil and energy sectors. They discussed expanding mutual collaboration in these fields, highlighting the potential both countries possess. Emphasis was placed on […]
Discussions to allow Iraqi Airlines to fly in EU
By John Lee. The European Union's Ambassador to Iraq has held discussions with the Iraqi Civil Aviation Authority (ICAA) with the intention of allowing Iraqi Airlines to fly in the EU. Newly-appointed Thomas Seiler said the matter will be discussed regularly, and both sides will work closely together on audits, checks and technical assistance. (Source: […]
Help Vulnerable Iraqi Children this Weekend
Iraqi Children Foundation's 11th Annual "In Their Shoes" 5K is coming up on October 15! Help us raise awareness and funds for ICF's programs and provides access to lifesaving medical treatment, education, legal services, psychosocial support, food, and more. Details Where: Hains Point, Washington, D.C. or Virtually When: Sunday, October 15 registration at 7am and […]
Civil Society Development Program to Support Iraq
Arab Alliance for CSO Development Program at AUB Extends Civil Society Support to Morocco, Iraq, and Kuwait The Arab Alliance for CSO Development (AACSOD), a flagship program of the Non-Governmental Organizations Initiative (NGOi) at the American University of Beirut (AUB), announced the launch of its second cycle in Morocco, Iraq, and Kuwait. Following a successful […]
World Bank Revises Down Iraq GDP Growth
By John Lee. The World Bank has revised down its estimates for growth in Iraq. In its MENA Economic Update (previously known as MENA Economic Monitor), it says the forecast for GDP growth in Iraq for 2023 has been updated to -2.3 percent, 5.1 percentage points less than the forecast in April 2023, and significantly […]
Iraqi and Jordanian Banking Associations sign MOU
By John Lee. In a move to enhance collaboration and knowledge sharing, the Iraqi Private Banks League (IPBL) and the Jordanian Association of Banks have signed a Memorandum of Understanding (MOU). The agreement focuses on areas such as training, consultations, and facilitating the operations of member banks. This partnership aims to strengthen ties between Iraq […]
Capacity to Increase at West Qurna 1 Isolation Station
By John Lee. State-run Iraqi News Agency (INA) has reported that the management of the West Qurna 1 oil field in northern Basra has announced a plan to increase the capacity of the seventh isolation station to 320,000 barrels per day (bpd) by 2025. The isolation station began production in 1998 at a rate of […]
IDC Drills 3,636-Meter Oil Well at East Baghdad Field
By John Lee. The Iraqi Drilling Company (IDC) has successfully completed the drilling of the EBSH-54 oil well at the East Baghdad field. The well was drilled to a depth of 3,636 meters, as part of a contract with EBS Petroleum to drill 27 oil wells at the field in collaboration with China Oilfield Services […]
Pursuit of Housing Security "Inflames Insecurities in Kirkuk"
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq's pursuit of housing security inflames insecurities in Kirkuk Since taking office last autumn, Iraqi Prime Minister Muhammad Shia' Al-Sudani has focused on revamping deprived neighborhoods and addressing housing security among his key […]