A New Railway will at last link Iran and Iraq
From The Economist. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. A new railway will at last link Iran and Iraq The connection could shunt Iraq further into Iran's embrace. Read the full article here (subscription needed).
Iraqi Court Annuls Border Agreement with Kuwait
By John Lee. The Iraqi Federal Supreme Court has declared the law approving the agreement between the Iraq and Kuwait on the regulation of maritime navigation in the Khor Abdullah [Khawr Abd Allah] to be unconstitutional. It said that Law No. 42 of 2013 is in violation of Article 61/IV of the Iraqi Republic Constitution, […]
Iraq's Qi Card to work with Samsung
By John Lee. Samsung Electronics Middle East has signed a memorandum of understanding (MoU) with Iraq's Qi Card. According to a press release from Samsung, the partnership "aims to provide advanced technological products and solutions to traders, citizens, and agents of both companies with attractive commercial offers throughout Iraq." It adds: "The two companies will […]
Iraqi Start-Ups in StartMashreq Growth Programme
By John Lee. Five Iraqi start-ups are reported to be among the 24 new businesses selected to take part in Flat6Labs' StartMashreq Growth Track programme. The programme, which started in June and will run until December 2024, is part of StartMashreq's broader vision to inspire and support displaced entrepreneurs and empower female-led startups in the […]
Iraq Maintains its S&P Credit Rating
By John Lee. In the latest credit rating report by Standard & Poor's (S&P), Iraq has retained its credit rating at B- / B with a stable outlook. According to the statement from the Ministry of Finance, the report highlights Iraq's financial and economic stability. It continues: "This new rating reflects Iraq's continued economic and […]
IFC to Develop and Upgrade Baghdad International Airport
By John Lee. The International Finance Corporation (IFC), a member of the World Bank Group, has signed an with the government of Iraq to act as lead transaction advisor for a public-private partnership (PPP) to rehabilitate, expand, finance, operate and maintain Baghdad International Airport (BIAP). Under the agreement, the IFC, will act as lead transaction […]
New GRP Pipe Production Facility in Basra
By John Lee. Iraq's Prime Minister, Mr. Mohammed Shiaa Al-Sudani, officially opened a Glass Reinforced Plastic (GRP) pipe manufacturing plant in Basra during his visit to the province recently. The Prime Minister emphasized that the Al-Narges [Narjis] Pipe Factory, with its modern machinery, inspection equipment, raw materials, and associated technologies, is the first of its […]
New Well Completed at Nasiriya Oil Field
By John Lee. Iraqi drilling experts at the Iraqi Drilling Company (IDC) have successfully completed the drilling of oil well 61, reaching a depth of 2096 meters in the Nasiriya oil field. This achievement marks the fifteenth well completed by the company under the contract signed with Dhi Qar Oil Company (DQOC) to drill a […]
AAA Holding Group ushers in New Era of Agricultural Advancement in Iraq
"AAA Holding Group, Led by CEO Amet Selman, Ushers in a New Era of Fertilizer and Agricultural Advancement in Iraq " AAA Holding Group, under the visionary leadership of CEO Amet Selman (pictured), in collaboration with the State Company for Fertilizer Industry, is set to redefine agricultural standards in Iraq with a groundbreaking initiative. The […]
Iraq Reopens Safwan Border Crossing with Kuwait
By John Lee. Iraqi Prime Minister Mohammed Shiaa Al-Sudani officially reopened the Safwan Border Crossing with Kuwait on Saturday after extensive renovations aimed at increasing capacity and efficiency. During his visit, Prime Minister Al-Sudani toured the facility, inspected its operations, and met with travelers from Gulf Arab countries, instructing officials to facilitate the entry of […]
Foundation Laid for Water Treatment Project in Al-Zubair
By John Lee. Prime Minister Mohammad Shiaa Al-Sudani has laid the foundation for a water treatment project in Al-Zubair District, Al-Basra Governorate. The project, with an initial capacity of 140,000 cubic meters per day, aims to address salinity issues in the region. Additionally, a tri-treatment station with a production capacity of 4,000 cubic meters per […]
Tabaqchali: Banks to Fuel the Iraqi Market's Next Phase
By Ahmed Tabaqchali, Chief Strategist of AFC Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Banks to Fuel the Market's Next Phase The market, as measured by the Rabee Securities RSISX USD Index, was up 16.3% for the month and up 65.5% […]