Shake-Up and New Expansion at Baghdad International Airport
By John Lee. According to a report from Rudaw. the director of Baghdad International Airport (BIAP) has submitted his resignation on Sunday, following an encounter with Prime Minister Mohammed Shia' al-Sudani, at which the PM strongly criticized the director for the airport's poor quality of services. Prime Minister of Iraq, Mr. Mohammed S. Al-Sudani, has […]
Iraq Oil Exports Increase in April
By John Lee. Iraq's Ministry of Oil has announced preliminary oil exports for April: Total exports of crude oil in April: 98,634,947 barrels Revenues from April's crude oil exports: $7.796 billion Oil fields in central and southern Iraq accounted for all of April's crude oil exports, as exports from Kirkuk through the port of Ceyhan […]
The Rise and Demise of EITI in Iraq
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Rise and Demise of EITI in Iraq Enthusiasm and commitment to the international Extractive Industry Transparency Initiative (EITI) in Iraq gathered momentum and zeal from 2008 to mid-2013, then declined sharply […]
Pakistani Firm Sells Stake in Iraqi Cement Maker
By John Lee. Pakistan's Attock Cement Pakistan Limited will reportedly sell its investment in its cement grinding facility in Iraq. Pro Pakistan reports that its 60-percent share in Saqr Al-Keetan for Cement Production Company Limited (SAKCPCL), located at Khor Al-Zubair, Basra, will be sold for a US$23.4 million, to be paid in three tranches. The […]
Discussions on Transfer of German Health Tech to Iraq
By John Lee. The Iraqi Minister of Health of Iraq, Prof. Dr. Saleh Al-Hasnawi, met with representatives from the German Agency for International Cooperation (Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH) and the German Deputy Minister of Health to discuss cooperation between the two countries. They discussed increasing cooperation in digital electronic governance, transferring German […]
Iraqi Kurdistan to Build Three New Dams
In coordination with the Iraqi Ministry of Water Resources, the Kurdistan Region will construct three new strategic dams to capture one billion cubic meters of water. Within the framework of the Kurdistan Regional Government's strategic plan to fight drought, three dams named "Dalga", "Mandawa", and "Bakrman" will be constructed in the Erbil, Duhok and Raparin […]
Overpass Construction Starts at New Intersections in Baghdad
By John Lee. Prime Minister Mohammed S. Al-Sudani has supervised the launch of two new projects aimed at relieving traffic congestion in Baghdad. The first project involves the construction of two overpass bridges at the intersection of Aden and Sana'a squares on the Karkh side of Baghdad. The second project includes the construction of two […]
France opens Visa Centre in Mosul
By John Lee. The French Consul General in Mosul, Jean-Christophe Augé, has opened a new visa application centre in Mosul. This makes France the first EU country to open visa service in the city. Based in the offices of Mosul Space, the centre is run by TLScontact, part of Paris-based Teleperformance Group. (Source: @AugJeanChristo1)
CBI launches Banking Supervision Reporting System (BSRS)
By John Lee. The Central Bank of Iraq (CBI) has launched the Banking Supervision Reporting System (BSRS), which will collect financial data from banks and non-banking financial institutions. According to a statement from the CBI, the system will provide the Banking Control Department with a clear view of the financial status of financial institutions, enabling […]
Iraq courts Syrian Investment
By John Lee. The Chairman of Iraq's National Investment Commission (NIC), Dr. Haider Muhammad Makiya, met with the Syrian Ambassador to Baghdad, Mr. Sattam Jadaan, to discuss strengthening economic cooperation between Iraq and Syria. They talked about potential joint investment opportunities in various sectors, including housing, oil, industry, agriculture, and electricity. The Chairman expressed Iraq's […]
Kurdistan to host Major Football Event
Kurdistan to host world's largest football cup for unaffiliated regions The Kurdistan Region will host the 2024 CONIFA World Football Cup with the participation of teams from 16 regions from around the world. In an interview with the Department of Media and Information, Tariq Abdulrahman, President of the Kurdistan Football Association said that "matches will […]
Fresh Doubt Cast on Conviction of Foreign Businessmen in Iraq
By John Lee. The Guardian has claimed that a new cache of documents undermines key evidence used to jail a pair of foreign businessmen in Baghdad. Australian engineer Robert Pether and his Egyptian colleague Khalid Radwan have been detained since April 2021. They have been sentenced to five years in prison and jointly fined $12 […]