By John Lee. Jordanian Minister of Energy and Mineral Resources, Dr. Saleh Al-Kharabsheh (pictured), announced that the Iraqi Cabinet has approved the extension of the crude oil supply memorandum of understanding (MoU) between the Iraqi Ministry of Oil and the Jordanian Ministry of Energy and Mineral Resources. The MoU, initially signed on May 4, 2023, […]
By John Lee. The General Company for Grain Trade has announced a record-breaking harvest of wheat. According to a statement from the Ministry's media office, the company's Director General, Dr. Haider Al-Karaawi, reported a historic season with the receipt of 6.302 million tons of wheat. This achievement reflects significant efforts towards self-sufficiency and enhancing the […]
By John Lee. The Private Sector Development Department of Iraq's Ministry of Trade has organised an awareness workshop on artificial intelligence (AI), with participation from employees across the Ministry's departments and companies. According to a statement from the Ministry's media office, the department's Director General, Ibtihal Hashim, stated that the workshop covered the basics of […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani opened the Iraqi-Turkish electricity interconnector on Sunday, via a video conference. The new line connects through the Al-Kisk station west of Mosul to supply the northern region with a capacity of 300 MW. The ceremony was attended by the Minister of Electricity. Al-Sudani praised the efforts of […]
By Adam Lucente 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-China ties progress with Nasiriyah airport project Relations between Iraq and China are strengthening, in part due to Chinese interest in Iraqi oil and infrastructure projects. Click here to […]
From the International Labour Organization (ILO): Supporting youths in navigating the path to employment through the Job Search Club initiative in Iraq JSCs involve activities that help participants understand their skills and the skills demanded in the labour market. Click here to read the full report.
By John Lee. The Kurdistan Regional Government (KRG) has signed a memorandum of understanding (MoU) with the Qatar Foundation, aimed at supporting and enhancing youth skills and training. The agreement was signed at an event to mark the graduation of 4,200 young participants from the inaugural training course in the Kurdistan Region. During the ceremony, […]
By John Lee. The Iraqi government has given brick factories 18 months to switch from using "black oil" to liquefied gas. "Black oil" or "dark oil" is also sometimes referred to as "residual fuel oil", "bunker oil" or "heavy fuel oil (HFO)". It is a heavy, viscous byproduct of the refining process for lighter fuels […]
By John Lee. Checkmarx, a US-based enterprise application security company, has said that a "well-established criminal ecosystem based in Iraq" is responsible for a series of cyber attacks. Malicious Python script was found to be exfiltrating sensitive user data without consent. More here. (Source: Checkmarx)
By John Lee. The Government of Iraq, acting through the Ministry of Transport's General Company for Airports and Air Navigation Administration (GCAAN) as the tender authority, is launching a two-stage public tender to select a private partner to rehabilitate, expand, finance, operate, and maintain Baghdad International Airport (BIAP) under a long-term Public-Private Partnership (PPP) contract. […]
By John Lee. A US court has overturned a decision that had granted a military contractor more than $120 million in damages against the Republic of Iraq and the Iraqi Ministry of Defense. The 2019 judgement would have reimbursed Wye Oak Technology for unpaid invoices relating to work done for the Iraqi Ministry of Defense. […]
By John Lee. The Iraqi Ministry of Transport has announced a comprehensive plan to add more ships to its maritime fleet. Its General Company for Maritime Transport currently owns six ships: four commercial vessels, one fuel tanker, and one fresh water tanker. The Director General of the company, Chief Marine Engineer Ahmed Jassim Al-Asadi, said […]
