IBBC presents Iraq’s First Tech Conference
The IBBC (Iraq Britain Business Council) is launching a Tech Conference in Baghdad on 29th and 30th April. The Conference is showcasing leading Iraqi and International companies with the intention of building confidence for Tech initiatives within Iraq. Iraq is at a pivotal point in its development as it revives and rebuilds its infrastructure, so […]
UK announces £1bn to support Trade with Iraq
UK International Trade Secretary Dr Liam Fox MP has visited Baghdad for a three-day visit (Sunday, 14 April to Tuesday, 16 April 2019) where he met with the Iraqi Prime Minister and announced that UK Export Finance (UKEF) will make an additional £1 billion of support available for British firms operating in Iraq, providing jobs […]
US Provides Additional $100m for Iraq Stabilization
U.S. Government to Provide Additional $100 Million for Iraq Stabilization US Chargé d’Affaires Joey Hood has announced that the United States Government intends to provide an additional $100 million to help stabilize liberated areas once held by the Islamic State. The United States Agency for International Development (USAID) will provide the funds to the United […]
Trade Bank of Iraq to open first Saudi Branch
By John Lee. The state-owned Trade Bank of Iraq (TBI) will reportedly open its first operational branch outside Iraq on Thursday. Chairman and President Faisal Al-Haimus told Arab News that the new branch in Saudi capital Riyadh will also be the only active Iraqi bank in the Kingdom. (Source: Arab News)
Investment Opportunity: Al-Nasiriyah Int'l Airport
By John Lee. The National Investment Commission (NIC) has announced a new investment opportunity in Iraq: Due to the historical heritage Thi Qar province enjoys, which goes to thousands of years back and admired by many countries around the world, the need for building the Nasriya International Airport is of great importance in order to […]
Sonangol Ramping Up Oil Production in Iraq
By John Lee. Sonangol has said it plans to increase production at its Najmah and Qayara oilfields to about 230,000 barrels per day (bpd). The Angolan state oil company owns 75 percent of the oilfields, south of the city of Mosul, with estimated oil reserves of more than 1 billion barrels. Output at Qayara is […]
Iraq Container Terminal (ICT) has handled 2m TEUs
By John Lee. The Iraq Container Terminal (ICT) at Umm Qasr Port has reportedly handled container traffic of two million twenty-foot equivalent units (TEUs) since operations started less than nine years ago. According to Hellenic Shipping News, the joint venture between UAE-based Gulftainer and the General Company for Ports of Iraq (GCPI) started operations at […]
Possible Iraq-Iran-Syria Rail Line
By John Lee. Iraq, Iran and Syria are reportedly planning to build a railway connecting the three countries. According to media reports, Salib al-Hussaini, the head of the Iraqi Railway Company, has announced a tripartite summit to discuss the project. (Source: Prensa Latina) (Picture credit: Christian Lindgren)
Iran, Iraq to Set Up 5 Joint Industrial Parks
The Iranian president's chief of staff said Tehran and Baghdad have agreed to establish five joint industrial parks, including one in Iran’s border province of Kurdistan. Speaking at a meeting on economic development of Kurdistan in the city of Sanandaj on Saturday, Mahmoud Vaezi said Iran and Iraq have devised plans to set up five […]
Dana Gas Doubles Sales in Iraqi Kurdistan
By John Lee. Sharjah-based Dana Gas has announces that during Q1 2019, Pearl Petroleum has received $112 million (AED 411mm) from the sale of condensate, LPG and gas in the Kurdistan Region of Iraq (KRI). Dana Gas is a 35% shareholder in Pearl Petroleum and accordingly, its share of such receipts by Pearl Petroleum is […]
Iraq may Ban some Video Games
By John Lee. Iraq is reportedly considering banning several popular video games over fears that they encourage violence and crime. MP Sami'a Ghulab, who chairs the Parliamentary Committee on Culture, Information, Tourism, and Archaeology, is quoted as saying that games such as Fortnite, Apex Legends and PlayerUnkown's Battlegrounds (PUBG) are "affecting the social, psychological and educational […]
Mosul’s Fine Arts College officially Opens
Creativity flourishes as Mosul’s Fine Arts College officially opens The newly-rehabilitated College of Fine Arts at Mosul University has been officially opened by the United Nations Development Programme (UNDP) and the Government of Iraq. The College, rehabilitated by UNDP with financial support from the United States Government through USAID, offers third-level art courses ranging from […]