New Electronic Banking Service launched in Iraq
By John Lee. The Central Bank of Iraq (CBI) has announced the launch of its "digital enrollment service", which it says is the first of its kind in Iraq and the region. According to a statement from the CBI: "Digital enrollment is an integrated digital financial system that enhances financial independence and liberation from traditional […]
Possible Reopening of Iraqi Embassy in Libya
By John Lee. Iraq's Foreign Minister, Fuad Hussein, has met with the Foreign Minister of Libya's Government of National Accord (GNA), Mohamed Taher Siala, on the sidelines a meeting of the League of Arab States in Cairo. Minister Hussein congratulated his Libyan counterpart on the occasion of announcing the results of the formation of the […]
Iran, Iraq sign Judicial Cooperation MoUs
Senior authorities from Iran and Iraq signed three memoranda of understanding to promote judicial and legal cooperation between the two neighbouring states. The documents were inked in Baghdad on Tuesday by the prosecutor generals, justice ministers and heads of the two countries' prison organizations. The signing ceremony followed a meeting between Iran's Judiciary Chief Ebrahim […]
New COVID-19 Isolation Unit at Soran Hospital
Ministry of Health Kurdistan, UNFPA open COVID-19 isolation unit at Soran maternity hospital The Ministry of Health of the Kurdistan Regional Government through the Directorate of Health in Erbil, with support from UNFPA opened a COVID-19 isolation unit at the Soran Maternity hospital in Erbil on 3 February 2021. The isolation unit has the capacity […]
Dyncorp Wins Contract for Aviation Maintenance Services
By John Lee. Dyncorp International LLC, Fort Worth, Texas, has been awarded a $42,000,000 modification (P00121) to contract W58RGZ-19-C-0025 for aviation maintenance services. Work will be performed in Iraq and Afghanistan with an estimated completion date of August 31, 2021. (Source: US Dept of Defense)
IRR Resumes Transport of Oil Derivatives by Rail
By John Lee. The Iraqi Republic Railway Company (IRR) has reportedly announced that it has resumed transportation of oil derivatives from Central Iraq to the South. Click here to read the full article. (Source: Daiji World)
WFP, World Bank partner on Socio-Economic Research in Iraq
WFP and the World Bank partner on socio-economic research in Iraq The United Nations World Food Programme (WFP) and the World Bank are partnering on gathering key data on the impacts of COVID-19 on households, including people who are displaced, in camps, and those who have returned to their areas, as well as host communities. […]
Martrade Group joins IBBC
Martrade Group is a privately owned shipping, port and terminal operator, and logistics service provider, offering worldwide services. Headquartered in Germany, the Group has also interests in communication services, real estate, land & terminal development projects across the globe. The Group traces its origin to the early 1970s, when the founder and main shareholder commenced […]
GCC Stresses Importance of Electrical Interconnection Program
The Foreign Minister Receives Secretary General of Gulf Cooperation Council of Arab States to Discuss Gulf Investment in Iraq Iraq's Foreign Minister Mr. Fuad Hussein has this week discussed investments in Iraq with the Secretary-General of the Gulf Cooperation Council, Dr. Nayef Al-Hajraf. During the meeting, issues of concern to the Gulf Cooperation Council and […]
Launching Erbil Innovation House
By John Lee. Re:Coded, the non-profit organization providing free coding bootcamps and digital skills training, has announced that is it is re-launching Re:Coded House in Erbil with a new name and management. It has teamed up with the global tech non-profit Field Ready, who will take over the daily operations and re-name the facility Erbil […]
IBBC hosts an Online Council Meeting
The Iraq Britain Business Council (IBBC) hosted members on-line, to discuss their annual council meeting and review its activities. The meeting was due to take place in Dubai, but due to sudden COVID restrictions it took place successfully online. Mr Zaid Elyaseri Vice President of BP Iraq and member of the IBBC Executive Committee, chaired […]
Market Review: "Of Assassinations and Corporate Activities"
By Ahmed Tabaqchali, CIO of Asia Frontier Capital (AFC) Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Market Review: "Of Assassinations and Corporate Activities" A quiet start to the new year would have been welcome after the drama of the currency devaluation […]