By John Lee. The Spanish Export Credit Agency (CESCE) has signed an agreement with Iraq's Sovereign Guarantees Committee to enhance cooperation between Spain and Iraq. The €1 billion agreement aims to facilitate Spanish companies in executing mutually agreed projects to support the development of Iraq's private industry under CESCE's coverage. The agreement underscores the commitment […]
By John Lee. Iraqi Prime Minister Mohammed Shia Al-Sudani chaired a meeting with representatives from KBR to discuss the completion of projects aimed at improving Baghdad's city entrances. The meeting included the Minister of Construction and Housing, the Governor of Baghdad, and other officials. Discussions focused on KBR's support for the Ministry of Planning in […]
By John Lee. The Iraqi Ministry of Planning signed a contract with Austrian company TÜV Austria, granting it a license to inspect and issue compliance certificates for goods imported into Iraq. The contract was signed by Dr. Hussein Ali Dawood, head of the Central Organization for Standardization and Quality Control (COSQC), and Firas Mueed Hassan, […]
By John Lee. Iraq's Deputy Prime Minister for Energy and Minister of Oil, Mr. Hayan Abdul Ghani, has opened a new road in the Abu Sakhir area and a high school in the Al-Zubair district of Basra Province. The inauguration ceremony took place on Thursday and was attended by the Deputy Minister for Extraction Affairs, […]
By Yerevan Saeed, for the New Lines Institute. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. An Attack in Iraq Sends a Message: Closed To Western Energy Business Iraq's drive for energy self-sufficiency, fueled by potential future U.S. investment, and Türkiye's ambitions of reaching […]
By John Lee. In response to the high demand for its "Injaz/Enjaz" ["achievement"] bonds, first issued in May, the Central Bank of Iraq (CBI) will offer a second issue of these bonds on behalf of the Ministry of Finance. The total amount available is 1.5 trillion Iraqi dinars [$1.15 billion]. The bond are available for […]
By John Lee. Iraq's Minister of Education, Dr. Ibrahim Namis Al-Jubouri, has signed a comprehensive agreement to enhance modern English language programs in Iraq. This initiative aims to build the capacities of educational and teaching staff through intensive training in collaboration with the British Council. The signing ceremony was attended by the Deputy Minister for […]
By Jared Szuba for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. US resumes talks with Iraq over future of troop presence Negotiations between the Biden administration and a senior Iraqi delegation resumed in Washington on Monday in an effort to […]
By John Lee. The Deputy Minister of Oil for Gas Affairs, Ezzat Saber (pictured), emphasized the urgency of accelerating the investment in associated gas from oil operations at the Bazargan field in Maysan province. The goal is to harness 70 million standard cubic feet per day (MMSCFD) to support and enhance the energy sector, generating […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani inaugurated four new military manufacturing factories of the Military Industrialization Authority. The inauguration took place at the General Company for Military Industries complex in southern Baghdad and included a virtual participation. The ceremony was attended by the Minister of Electricity and other officials. Newly Inaugurated Facilities: Light […]
By John Lee. The Ministry of Oil has begun supplying the second unit of the Dibis Gas Power Plant in Kirkuk Province with 25 million standard cubic feet per day (MMSCFD) of dry gas. Deputy Minister of Oil for Gas Affairs, Mr. Izzat Saber, said this supply is expected to contribute an additional 85-100 MW […]
By John Lee. The Companies Registration Department of Iraq's Ministry of Trade said it has successfully processed the establishment of 324 national companies and registered 27 branches of foreign companies in June. According to a statement from the Ministry's media office, Director General Rashad Khalaf Hashim reported multiple decisions made during the month related to […]
