By John Lee. An Iraqi-Emirati consortium is reportedly planning a $700 million subsea and terrestrial data cable linking the United Arab Emirates to Turkey via Iraq. Branded WorldLink, the project comprises Tech 964 (T964), headed by Ali Elakabi [ALMCO, Amwaj International], Iraq-based DIL Technologies and UAE-based Breeze Investments. Click here to read the full article […]
By John Lee. IN2, an international strategic communications and research agency, has joined the Iraq Britain Business Council (IBBC). The company said the move strengthens its engagement with Iraq's business and investment community, highlighting its operational presence in Erbil and Baghdad alongside offices in London and Dubai. Founded more than a decade ago, IN2 has […]
By John Lee. The Central Bank of Iraq (CBI) has issued guidance to licensed banks and non-bank financial institutions clarifying that no distinction should be made between old and new US dollar banknote series in exchange transactions. The Bank stressed the need to limit practices involving differential exchange rates between various US dollar print editions, […]
By John Lee. The National Investment Commission (NIC) has reviewed progress on the Nahrawan City project in Baghdad, a 2,500-dunum development comprising 8,000 fully serviced housing units. The infrastructure works are being implemented by Al-Asim Real Estate and Tourism Investment Company, covering utilities and essential services for the planned residential community. During a site visit, Commission […]
By John Lee. Baims, a MENA-based education technology group, has acquired MedMasters, an Iraq-based online medical education platform, marking its second strategic acquisition and its entry into the Iraqi market. The transaction expands Baims' regional footprint and strengthens its position in digital higher education across the Middle East. Founded by Dr. Abdulazeez Salam and Dr. […]
By John Lee. T964 and Nokia have announced a partnership to modernise Iraq's telecommunications and digital infrastructure, with the agreement signed during Capacity Middle East. The collaboration will deploy advanced connectivity solutions aimed at strengthening the country's digital economy. Planned areas of cooperation include: Enterprise network deployment Data centre development International fibre transit optimisation Fibre-to-the-home […]
By John Lee. Iraq's Ministry of Higher Education and Scientific Research has launched the National University Championship for Robotics and Artificial Intelligence Applications, with participation from public and private Iraqi universities. Dr Haider Abdul Dhahad, Deputy Minister for Scientific Research Affairs, said modern education environments depend on advanced tools and software that support knowledge production. […]
By John Lee. Turkish Petroleum (TPAO) and BP have signed a memorandum of understanding (MoU) on strategic cooperation in oil and natural gas. The agreement was signed by TPAO General Manager Cem Erdem and BP Head of Global Oil and Gas Business Development Andrew McAuslan, in the presence of Turkey's Minister of Energy and Natural […]
By John Lee. The European Bank for Reconstruction and Development (EBRD) has launched its SME finance and development programmes in Iraq, including the rollout of its flagship Star Venture initiative for high-potential startups. An official event in Baghdad marked the launch, outlining the Bank's strategic priorities and planned projects to strengthen the country's small and medium-sized […]
By John Lee. The Undersecretary at Iraq's Ministry of Foreign Affairs has told state-run Iraqi News Agency that work to rehabilitate the Kirkuk-Baniyas oil pipeline remains suspended due to the security situation in Syria. He added that government is reviewing alternative export routes, including: Oil export link via Turkey Proposed connection through Jordan to Egypt […]
By John Lee. Rafidain Bank recorded more than IQD 841 billion (approximately USD 641.98 million) in electronic collection settlements on behalf of government entities during January 2026, reflecting continued expansion of digital payment systems. The bank said a total of 73,226 electronic settlements were processed the month, indicating growing adoption of digital collection services. It […]
By John Lee. Yolk Brands, the UAE-based hospitality group behind Pickl and BonBird, has reportedly announced its expansion into Iraq under a new agreement with Al Maysarah Holding. The agreement provides for the opening of five Pickl restaurants and ten BonBird outlets. The first locations are scheduled to open in Q2 2026 at Iraq Mall […]
