Erbil Start-Up Midient raises $125,000
By John Lee. Erbil-based start-up Midient has reportedly received a "pre-seed round" investment of $115,000 from regional accelerator Flat6Labs for its loyalty program product Kurdivia. According to Iraqi Innovators, the company was co-founded by Ahmed Jamal, Mohammed Shahoyi, and Omer Sabah. It was also picked for a $10,000 pilot investment by Canadian venture fund Loyal […]
Iran and Iraq sign MoU for Shalamcheh-Basra Railway
By John Lee. The heads of Iran and Iraq railways have signed a Memorandum of Understanding (MoU) for the implementation of the Shalamcheh-Basra Railway. The agreement was signed at the Iranian consulate in Basra, marking a significant step towards the development of this crucial infrastructure project. Miad Salehi, the head of Islamic Republic of Iran […]
Paris and Baghdad sign MoU
By John Lee. The President of Iraq, Abdullatif Jamal Rashid met with Paris's Mayor, Anne Hidalgo alongside her delegation, at Al-Salam Palace in Baghdad. The French Ambassador to Iraq, Mr. Eric Chevalier attended the meeting. Iraq had experienced complex circumstances for a long time, wars and violence and the country's resources have been harnessed to […]
Iraq's Regional Reintegration "Still a Work in Progress"
By Dr Renad Mansour for World Politics Review (WPR). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq's Regional Reintegration Is Still a Work in Progress In early March, Iran and Saudi Arabia announced that they had reached a deal to reestablish diplomatic ties […]
Basra's Water Supply hangs in Balance
By Robert Tollast and Sinan Mahmoud for The National. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Basra's water supply hangs in balance as critical project delayed Iraqi cities need large-scale desalination plants to alleviate water woes, but projects have been slow to […]
Iraq: Cases against Influencers raise Concerns over Freedom
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Cases against social media influencers raise concerns over freedoms in Iraq Iraq's judiciary is issuing arrest warrants and convicting social media stars over allegedly inappropriate content. Reactions to these measures have been divided. […]
Iran-Iraq Water Committee Resumes Activity after 10 Years
An Iranian official announced the resumption of activity of Iran-Iraq Joint Water Committee after a long hiatus. A recent visit that Iranian Minister of Energy Ali Akbar Mehrabian paid to neighboring Iraq resulted in the activation of a joint committee in the water sector which had been suspended for a decade, the spokesperson for Iran's […]
KRG opens second Border Crossing with Turkey
The Zet International Gate between the Kurdistan Region and Turkey, located in the Soran administration, officially opened on Wednesday. The crossing is open daily between 8am and 8pm. Construction of the new crossing started in 2021, and it is now welcoming tourist travellers. It will open for commercial transport in a second stage. The Supervisor […]
Iraq asks Turkey to Resume Oil Exports
By Adam Lucente 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 asks Turkey to resume oil exports as firms in Kurdistan region scale back Turkey has still yet to restart oil flows from northern Iraq following a controversial court […]
Iran, Iraq Sign Oil & Gas MoU
Iran and Iraq have signed a memorandum of understanding on cooperation in the oil and gas industries. In a meeting attended by Iraqi Prime Minister Mohammad Shia al-Sudani, held in Baghdad on Wednesday, Iran's Oil Minister Javad Owji and his Iraqi counterpart Hayan Abdel-Ghani signed the MoU to cooperate in the oil, gas, and petrochemical […]
Largest Oil Training Center in Basra is Opened
By John Lee. The Ministry of Oil has opened the largest and most advanced oil training center in Basra, in collaboration with the Japanese company JGC. Hamed Younis, the Deputy Minister of Oil for Refining Affairs, emphasized the ministry's strong focus on training, qualifying, and developing the skills of workers in the oil sector. He […]
Iraq, Iran sign MoU to Combat Drug Trade
By John Lee. The Minister of Health in Iraq, Prof. Dr. Saleh Al-Hasnawi, and the Secretary-General of the Anti-Narcotics Committee in the Islamic Republic of Iran, Mr. Iskandar Momeni, signed a memorandum of understanding (MoU) on Thursday, May 11, 2023. The signing took place at the Ministry's headquarters and aims to strengthen cooperation between the […]