Iraq allocates $10m to build 50km Security Barrier
By John Lee. The Iraqi Cabinet has directed the Ministry of Finance to provide 15 billion dinars (approximately $10 million) to the Ministry of the Interior, the Agency for Federal Security Affairs, and the Border Guard Forces Command, to enhance security and start the second phase of construction of a concrete barrier between Wadi Al-Ajeeh […]
Video: Iraqi Drones to Monitor Air Pollution
An Iraqi team called "Spirit and Opportunity" is reportedly in the final of Huawei's Tech4Good Global competition. The entry uses unmanned aerial vehicles (UAVs, or drones) to monitor air pollution. A video of the presentation can be viewed below: (Sources: ITP, YouTube)
Work Starts at $594m Oil Processing Plant at Block 9
By John Lee. The President of the Iraqi National Oil Company (INOC) has laid the foundation stone for the $594-million crude oil processing plant at Block 9, within the Al-Fayha Oil Field in Basra Province. Ihsan Abdul-Jabbar Ismail said that the development is important for the production of light oil, with a target for this […]
KDC Buys KREDCO Real Estate
By John Lee. The Kurdistan Development Corporation (KDC) has bought the majority shareholding of Erbil-based KREDCO Real Estate Limited Company. KREDCO has previously been described as a joint venture between the KDC and the Kuwait-based National Real Estate Company (NREC). According to a disclosure to the Kuwaiti stock exchange, NREC said it sold its 51-percent […]
WFP, Kurdistan Stats Office partner on Research
The United Nations World Food Programme (WFP) and Kurdistan Regional Statistics Office (KRSO) signed a new agreement on research into food security, to support informed decision-making on efforts to support vulnerable families in the Kurdistan Region. An important element of the partnership is training, and helping strengthen the skills and expertise of KRSO staff in […]
GKP declares Divi and gives Update
Gulf Keystone has provided an operational and corporate update: Jon Harris (pictured), Gulf Keystone's Chief Executive Officer, said: "We are pleased today to declare an additional interim dividend of $50 million, bringing distributions over the past eight months to $150 million in line with our commitment to balance investment in growth with returns to shareholders. […]
Construction Starts at $94m Shatra Hospital
By John Lee. The Secretary-General of Iraq's Council of Ministers, Dr. Hamid Naim Al-Ghazi [Hamed Al Gazi] has laid the foundation stone for a 200-bed general hospital in Shatra City, in Dhi Qar province. The hospital will serve the inhabitants of Shatra and the surrounding areas. UK-based Protechnique will complete the project within 36 months, […]
Webinar: The State of Investments in Iraq
Five One Invest has announced its upcoming webinar - The State of Investments in Iraq. The session will host Laura Khudairi from Iraq Tech Ventures and Geoffrey Batt from Euphrates Ventures. It will tackle the startup landscape, investment opportunities, and investor activity in Iraq. Wednesday, January 26th, 2022 at 4 pm (Iraqi time) Click here to register
WHO provides Medical Supplies to KRI for COVID-19 response
The World Health Organization (WHO) handed over more than 20 tons of urgently needed medical technologies to the Ministry of Health in the Kurdistan region of Iraq. The 117-pallet consignment contains a variety of emergency medical devices, mechanical and intensive care unit beds, personal protection equipment (PPEs), and in-kind medical furniture that will contribute to […]
Deal Signed to Develop Iraq's Mansuriya Gas Field
By John Lee. The Chinese company Sinopec (China Petroleum & Chemical Corporation) has signed a deal to develop the Mansuriyah gas field in Diyala. The field, near the Iranian border, is expected to produce 300 million standard cubic feet (Mmscf) per day of gas, which will be used for electricity generation and "various industrial projects". […]
KRG to use UAE's Digital School Initiative
By John Lee. The Kurdistan Regional Government (KRG) has reportedly signed a memorandum of understanding (MoU) with The Digital School to implement digital school programs and enhance cooperation in digital learning in the region. The Digital School describes itself as "the first integrated Digital school which provides remote learning in a smart and flexible way, […]
TLG to Represent Iraq in US
By John Lee. Brian Glackin, a partner at Washington DC-based lobbying firm The Livingston Group (TLG), has signed an agreement to represent Iraq's Ministry of Foreign Affairs in the United States. Under the deal, the company will engage in activities to strengthen the ties between Iraq and the United States, including lobbying, perception management, and […]