CBI Boss meets US-based Data Center Investor
By John Lee. The Governor of the Central Bank of Iraq (CBI), Ali Mohsen Ismail Al-Alaq, has met with a delegation from Iron Point Iconiq (IPI Partners), one of the largest data center owners in the world. Operating in 26 markets across the United States, Europe, and Asia, the company owns data centers serving the […]
Iraq to Pay Debts to Iran "within 3-5 Months"
Iraq to Pay Debts to Iran within 3-5 Months: Official The Chairman of the Iran-Iraq Joint Chamber of Commerce said the debt Iraq owes to Iran for import of energy will be paid within the next three to five months. "We have found several solutions to receive our debt from the Central Bank of Iraq, […]
Iraq to buy French Executive Jets?
By John Lee. Iraq's Ministry of Transportation is considering the purchase of two Falcon aircraft from the French company Dassault. Based on the directives of the Minister of Transportation, Mr. Rizk Mahayibes Al-Saadi, to follow up on files of utmost importance in the operation of Iraqi Airways, a ministerial committee was formed to follow up […]
Iraq's Growth highest of 'Developing Oil Exporters' - World Bank
By John Lee. The World Bank has said it predicts real GDP growth for Iraq of 2.8 percent this year and 4.4 percent in 2024, following an estimated growth of 7.9 percent in 2022. Iraq's growth is expected to lead the group of 'developing oil exporters' this year, partly sustained by growth in non-oil GDP […]
Italian Firm meets Minister to discuss Transport Project
By John Lee. The Minister of Transport in Iraq, Razak Muhibis Al-Saadawi [Razzaq Muhibis Al-Saadawi] has held a meeting with Italian consulting company Progetti Europa & Global S.p.A. (PEG), along with representatives from Turkiye, to discuss the "Development Road project", also known as the "dry canal project". The project will link Iraq's Grand Faw port, […]
Iran, Iraq to Issue Low-Cost Visas for Arbaeen Pilgrimage
Iran, Iraq Reach Agreement to Issue Low-Cost Visas for Arbaeen Pilgrimage The Iraqi government has reached an agreement with Iranian officials to facilitate the annual Arbaeen pilgrimage, according to Seyyed Majid Mirahmadi, the head of Iran's Central Headquarters of Arbaeen. The agreement includes the issuance of low-cost special visas for Iranian pilgrims to alleviate the […]
Family of Businessman Arbitrarily Detained in Iraq express Concerns
By Jessica Bahr for SBS News. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Robert was jailed in Iraq two years ago. His Australian family say they're at 'breaking point' Friday marked two years since Australian engineer Robert Pether was arbitrarily detained in Iraq, […]
US Welcomes Developments in Iraq's Energy Sector
Statement from US National Security Advisor Jake Sullivan Welcoming Developments in Iraq's Energy Sector We welcome significant progress in Iraq this week with respect to energy deals that further strengthen Iraq's sovereignty, independence, and economic prosperity. First, the Government of Iraq and the Kurdistan Regional Government reached a historic agreement on the export of oil […]
Japan supports Iraq-led efforts for Syrian Refugees
As announced today [Monday], UNICEF has received almost $7 million from Japan to promote equitable access to life-saving child protection, health, nutrition, and education services for returnees from northeast Syria. The project will be finalized by the end of 2023 and will benefit more than 180,000 people, including 88,000 children and more than 47,000 women. […]
The Muhandis Company: Iraq's Khatam al-Anbia
By Michael Knights, Hamdi Malik and Crispin Smith, for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. The Muhandis Company: Iraq's Khatam al-Anbia Similar to Iran's Revolutionary Guards, Iraqi "resistance" groups have long sought a company with […]
China to build Power Station in Mansouriya
By John Lee. Iraq's General Company for Electric Power Production has signed a contract with the Chinese company Shanghai Electric for the construction of a combined-cycle power plant for the Mansouriya gas power station. According to the Ministry of Electricity, the deal is part of the Sino-Iraqi framework agreement and will be implemented on a […]
The Mechanisms of Corruption in Iraq
By Sajad Jiyad, for the London School of Economics (LSE) Middle East Centre. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. The Mechanisms of Corruption in Iraq While it is well known that Iraq is entrenched in corruption and that the political elite are […]