87% Growth in Trade between Bulgaria and Iraq
By Kaloyan Vassev for the Bulgarian News Agency (BTA). Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Ministry of Economy: 87% Growth in Trade Between Bulgaria and Iraq Trade between Bulgaria and Iraq grew by 87% in 2022, said Deputy Minister of Economy […]
Saudi's ANB to create New Bank in Iraq
By John Lee. Saudi Arabi'a Arab National Bank (ANB) has announced an investment of $38.2 million to create Arab Bank Iraq. ANB will have a 20-percent stake in the new bank. The full statement from ANB is as follows: Arab National Bank announces the approval of the Board of Directors on 14/5/2023 after obtaining the […]
IBBC: First UK-Iraq Trade Fair at new Al Burhan Conf Centre
From the Iraq Britain Business Council (IBBC): IBBC and dignitaries attend first UK-Iraq trade fair at new Al Burhan conference centre. The new Al Burhan conference centre was the venue for the first UK-Iraq Trade fair. Attended by dignitaries including the Ex Prime Minister Mr Haider Al Abadi, senior aviation advisor to the Prime Minster […]
GKP Non-Exec to lead ShaMaran Petroleum
By John Lee. Canadian oil development and exploration company ShaMaran Petroleum has announced the appointment of Garrett Soden as President and Chief Executive Officer (CEO), to replace Dr. Adel Chaouch effective immediately. Mr. Soden will also join ShaMaran's board of directors. According to a statement from the company, Mr Soden has extensive experience as a […]
PM receives President of US-Iraqi Business Council
By John Lee. The Prime Minister Mr. Mohammed S. Al-Sudani has received the President of the US-Iraqi Business Council, and the Vice President of the American Chamber of Commerce for Middle East Affairs, Mr. Steve Lutes. The meeting covered various topics including economic, financial, and health cooperation, as well as energy and environmental partnerships between […]
Central Bank of Iraq (CBI) plans Loan Guarantee Company
By John Lee. The Governor of Central Bank of Iraq (CBI), Dr. Ali Mohsen Al-Alaq, has met with a delegation of experts from the International Finance Corporation (IFC), affiliated with the World Bank, led by Mr. Marcel Rashid. The meeting focused on enhancing the relationship between the Central Bank of Iraq and the IFC, and […]
Ur Tourist City to include Theater, Museum, Hotels
By John Lee. Dr. Hamid Naim Al-Ghazi, the Secretary General of the Council of Ministers, has met with the company responsible for executing the Ur tourist city project to discuss progress. Emphasizing the city's potential as a global tourist attraction, the Secretary-General highlighted the planned facilities, including a theater, interfaith dialogue center, cultural center, museum, […]
US Restaurant announces 22-unit Deal in Iraq
By John Lee. FAT (Fresh. Authentic. Tasty.) Brands, parent company of Fatburger, Buffalo's Express, Great American Cookies, Marble Slab Creamery, and 13 other restaurant concepts, has announced a new development deal to open 22 new franchised locations in Iraq. In partnership with Global Vita USA LLC, 12 co-branded Fatburger and Buffalo's Express locations will open […]
Hackathon Weekend returns to Sulaymaniya
Hackasuly, the Sulaymaniya-based hackathon, is returning. From 22nd to 24th June, the event will be part of the city's Bit Festival. It aims to bring the coding community together over a weekend to work in teams and turn their ideas into technological solutions. Prizes will be awarded in three categories: Software Engineering AI and Data […]
Iraq to build 36 Surveillance Towers on Iranian Border
By John Lee. A security spokesperson has told Kurdistan 24 that Iraq will build 36 surveillance towers along its border with Iran. He said the aim of the project is to strengthen security and prevent smuggling. More here. (Source: Kurdistan24)
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 […]