New Industrial Zone to be built in Duhok
By John Lee. A new industrial zone is to be built in Duhok province. The project consists of five areas and covers an area of 300 dunams [30 hectares; 74 acres], at a cost of more than $ 62 million. Three of the five areas of the project have been completed which include, according to […]
"Makers of Baghdad" Innovation Hub Launched
New Iraqi brand Makers of Baghdad has been launched at Makers' premises in Baghdad. Makers (formerly IoT Maker) is an innovation hub that provides technical qualifications, and job acceleration programs for the youth to create job opportunities in the field of Information technology, and encourage them to develop their startups. The methods used vary from […]
Baghdad Loses Green Space to Real Estate Boom
By Jane Arraf and Yasmine Mosimann, for the New York Times. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Baghdad Loses Green Space to Real Estate Boom The problem is driving up temperatures in what is already one of the hottest cities in the […]
GKP announces 2023 Guidance, New Chair
Gulf Keystone Petroleum (GKP) has provided an operational and corporate update today. The information contained in this announcement has not been audited and may be subject to further review. Jon Harris, Gulf Keystone's Chief Executive Officer, said: "2022 was a strong year for GKP, in which we made progress on multiple fronts that will position […]
KRG considering $10bn Investment from China
By John Lee. China's Gezhouba Group has offered to invest $10 billion in Iraq's Kurdistan region. According to a report from Kurdistan24, a translation of which was published on the company's website, the investment is intended for roads, railways, the power sector and dams. Mohammed Shukri, chairman of the Kurdistan Investment Board, is quoted as […]
The British University of Iraq is launched
On 24th January, H.E Naeem Al Aboudi, Minister of Higher Education and Scientific Research, signed the agreement to establish the British University of Iraq. The University was founded by two former UK diplomats, including the Chair of the board john Tucknott CMG, MBE and lead by the Founding President Professor Victoria Lindsay. The proposal has […]
Sallyport wins $235m Iraq Contract
By John Lee. US-based Sallyport Global Holdings, part of the Caliburn International group, has been awarded a $235,608,052 cost-plus-fixed-fee modification (P00003) to previously awarded contract FA8630-22-C-6006 for base operations support, base life support and security services in support of the Iraq F-16 program. The contract modification is for an additional 12 months of service being […]
Hapag-Lloyd adds new Saudi-Iraq Route
By John Lee. The Saudi Ports Authority (Mawani) has announced the addition of Jubail Commercial Port to the India Gulf Service 1 (IG1) shipping route by ocean carrier Hapag-Lloyd. Starting on 12th February, the weekly service will link the Kingdom to the ports of Jebel Ali, Karachi, Mundra, Sohar, Shuaiba, and Umm Qasar on board […]
ZainCash, Western Union to Enable Int'l Money Transfers
By John Lee. ZainCash Iraq has announced a partnership with Western Union to enable international money transfers through the ZainCash mobile application. According to a press release, this allows customers in Iraq to easily and reliably send and receive money to more than 200 countries and territories. The app can be used by individuals, small […]
Chinese Ambassador: Belt & Road and China-Iraq Relations
From the Al-Bayan Center for Planning and Studies. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Chinese ambassador writes for Al Bayan: Belt and Road Initiative and China-Iraq relations Cui Wei-ambassador of the Republic of China to Baghdad: In this past period since my […]
Small Businesses, Big Dreams: Iraq's Women Entrepreneurs
By John Lee. A new article by Laure Al-Khoury, for AFP, highlights the limited number of female entrepreneurs in Iraq, a country where most women don't work outside the home. Click here to read the full article.
New ESG Performance Scorecard for Iraqi Banking Sector
By John Lee. The Central Bank of Iraq (CBI) has signed an agreement with the International Finance Corporation (IFC) to launch the first ESG (Environmental, Social, and Governance) Performance Card project report in the Iraqi banking sector. This was prepared in cooperation and coordination with experts from the International Finance Corporation (IFC). At the launch […]