World Bank's IFC proposes Loan to Al Douh Cement
By John Lee. The International Finance Corporation (IFC), part of the World Bank Group, has proposed a corporate loan of up to USD65 million to Al Douh Cement, one of the leading producers of cement in Iraq, to finance the company's planned expansion of its production capacity. Al Douh was established in 2008 to meet […]
Iraqi PM Doubles Down on Oil Deals with China and Russia
By Simon Watkins 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 New Prime Minister Doubles Down On Oil & Gas Deals With China And Russia It is possible that U.S. Secretary of State, Antony Blinken, believed for a moment that […]
Iraqis "keen to Invest" in Bangladesh
By John Lee. Some Iraqi business people are reportedly interested in investing in Bangladesh's pharmaceutical and leather sectors. According to The Daily Star, this could be either through joint ventures or on their own. The comments follow a visit by a six-strong delegation from the Sulaymaniya Chamber of Commerce & Industry to the Dhaka Chamber […]
Foundation Stone laid for 892 Residential Units in Zakho
The Head of the KRG's Board of Investment, Mohammad Shokri, has laid the groundwork for the provision of 892 residential units in Zakho administration with a budget of 48.8 billion dinars [$33.4 million]. The project comes after 2,073 people with limited income filled online applications to be eligible for the residential units in Zakho. This […]
Kurdistan Innovation Institute (KII) launched
KRG Prime Minister Masrour Barzani has attended the launch ceremony of Kurdistan Innovation Institute (KII), designed to support innovators and researchers. The KII was founded at the initiative of Prime Minister Barzani, who continues to support Kurdistani youth in the pursuit of their hopes and ideas. "Today is a milestone in our collective growth; as […]
Prominent Role for Kurdistan in Global Gas Markets
By Ahmed Tabaqchali, for the Atlantic Council. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Kurdistan positioned in prominent role in global gas markets A new report, The Kurdistan Region of Iraq's Gas-Export Potential: Deja Vu All Over Again, authored by Atlantic Council […]
Video: IBBC hosts Successful Tech Forum in Dubai
The Iraq Britain Business Council (IBBC) has hosted a very successful Tech Forum as part of its Autumn Conference in Dubai. The session was chaired by Ashley Goodall, and speakers included: Padraig O'Hannelly, Iraq Business News (IBN); Laura Khudairi, Iraq Venture Partners (IVP); Hossam Darra, SAP; Shamal Mohammed, Silal; Muhammed Canbaloglu, Stirling Education; Ben Muziek, […]
Iraq establishes new 'Higher Commission for Combating Corruption'
By John Lee. Iraq has set up a new 'Higher Commission for Combating Corruption', to investigate the most serious cases of corruption in the counrty. The new body will be headed by Judge Haider Hanoun Zayer (pictured), who recently took over as head of the Federal Commission of Integrity (FCOI). The announcement follows the recent […]
Officials Dismissed following second Fire at Baghdad Airport
By John Lee. Prime Minister Muhammad Shia Al-Sudani has dismissed several senior officials following a second fire this week at Baghdad International Airport (BIAP). Losing their positions were the Director General of the Iraqi Civil Aviation Authority (ICAA), the Director of Baghdad International Airport, and the Director of Airport Security. The announcement came after a […]
Iraq Petroleum Sector Chronicle - Research and Publishing Project
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq Petroleum Sector Chronicle - Research and Publishing Project Iraq Petroleum Sector Chronicle-IPSC is my major research and publishing project, which I intend to accomplish as fast as I could. This note […]
Iraq Expands Oil Refining Capacity
By Salam Zidane for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq expands refining capacity to reduce oil product imports Many of the refineries in Iraq are outdated and operate below capacity. Click here to read the full article.
Iraqi Governor Jailed for Corruption
By John Lee. Iraq's Commission of Integrity has announced that a former governor of Salah Al-Din province has been found guilty, in absentia, of corruption. It said the governor took bribes of approximately $7 million in return for the awarding of contracts. The bribes included 4.6 billion Iraqi dinars and 1.5 million US dollars, in […]