New Agreement to Promote Entrepreneurship in Iraq
ITC and UN WFP Sign an Agreement to Promote Development and Strengthening of Entrepreneurship The United Nations World Food Programme (WFP) and the International Trade Centre (ITC) signed an agreement on 6 March 2023 to collaborate on improving the efficiency and competitiveness of Micro, Small and Medium-sized Enterprises (MSMEs) in Iraq. The partnership will leverage […]
Siemens signs Contracts for Iraqi Power Stations
Siemens Energy has been awarded long term service contracts for several powerplants, from the Ministry of Electricity of the republic of Iraq, to improve energy stability and availability, as well as provide training, skills, and employment opportunities for Iraqis. These contracts represent the first portion of prioritized projects under the Iraq Energy Agenda - Wave […]
Iraqi Group to Invest EUR 1bn in Romanian Electricity Plant
By John Lee. Romania's Prime Minister, Nicolae-Ionel Ciucă, has met with representatives of Iraq's Mass Global Energy Rom, the company that purchased the Mintia Thermal Power Plant. During the meeting, the investment plan worth over one billion euros, designed to turn the thermal power plant into the EU's largest and most efficient power production capacity […]
Silent Killer: Chronic Kidney Disease in the Middle East
By Viraj Rajadhyaksha (pictured), AstraZeneca Area Medical Director, Middle East and Africa. Exposing the Silent Killer: Addressing chronic kidney disease in the Middle East There is a silent killer in our midst. It affects 850 million people worldwide and is a leading cause of death globally.[1] Despite its deadly profile and rising prevalence in this […]
How Iraq caused a Currency Crisis by Paying Iran in Dinars
By Suadad al-Salhy for Middle East Eye. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. How Iraq caused a currency crisis by paying Iran in dinars Desperate to avoid power shortages, Kadhimi's government gave Iran billions of dinars. US sanctions however mean it […]
Iraq Launches Electronic Passport Portal
By John Lee. Prime Minister Mr. Mohammed S. Al-Sudani has inaugurated the electronic passport portal and observed the detailed steps and procedures for issuing the electronic passport. He also witnessed the issuing of the first electronic passport in Iraq. The Prime Minister commended the efforts of the workers in the Directorate of Civil Status, Passports […]
Iraq's Risky Reliance On Oil Revenues
By Charles Kennedy for the OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq's Risky Reliance On Oil Revenues Iraq managed to collect a lot of revenues from oil exports last year due to higher prices, but the Iraqi economy remains heavily reliant […]
Iraq: Authorities must Cease Crackdown on Free Speech
By John Lee. A group of human rights organisations have expressed their deepest concern regarding the Iraqi authorities' recent campaign to crack down on 'indecent content' online. This crackdown, they say, has a chilling effect and will stifle free speech in the country. The statement, which can be read in full here, is signed by […]
Shock as Arrest Warrant issued for Fmr Iraqi Finance Minister
By John Lee. Iraq's Federal Commission of Integrity has issued warrants for the arrest of four senior officials in the previous government, including former Minister for Finance, Ali Allawi (pictured). The warrants relate to the theft of 3.7 trillion Iraqi dinars ($2.5 billion) from the General Tax Authority's account at the state-run Rafidain Bank, an […]
Iraq Approves Russian Firm's Oil Development Plans
By John Lee. Russia's LUKoil and Japan's INPEX South Iraq Ltd have received approval from Iraqi state-owned Thi-Qar Oil Company (TOC) for "Declaration of Commerciality of Reserves and Outline Development Proposal" for the Eridu [Arido] oilfield located within Block 10 in Iraq. Following approval by TOC (also known as Dhi Qar Oil Company, DQOC), LUKoil […]
Will new Land Ownership Rights help Iraq's Yazidis?
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Will new land ownership rights be game-changer for Iraq's Yazidis? Late last year, the Iraqi government announced that members of the minority Yazidi community will be granted land ownership rights in the northern […]
Companies Invited for development of Al-Nisour Square
By John Lee. Prime Minister Mohammed S. Al-Sudani has invited several companies to develop Al-Nisour Square in Baghdad by constructing overpasses, tunnels, and an overpass over the railway towards Umm Al-Tabbul Mosque intersection, and widening the roads adjacent to the project path. The companies are: Transtech Engineers China Railway Sixth Group Co Ltd., China State […]