By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani held meetings with representatives of Aero Vodochody, a Czech aircraft manufacturer, and UNIS, a company specializing in oil, gas processing, and petrochemical industries, during his official visit to the Czech Republic. Discussions centered on enhancing cooperation and establishing integrated partnerships with specialized international firms to strengthen […]
By John Lee. Iraq's Minister of Oil, Hayan Abdul Ghani, received the Ukrainian Ambassador to Baghdad, Ivan Dovhanich, on Wednesday. The meeting was also attended by Deputy Head of the Diplomatic Mission, Sergiy Pushkarsky, Economic Affairs Representative Oleg Ishchenko, Director General of Ukrzemresurs, Maksym Mustafin, and the company's Iraq Director, Maksym Novikov. Discussions focused on […]
By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani met with a delegation from CLAAS, a leading German manufacturer of agricultural equipment, on the sidelines of the 61st Munich Security Conference. Al-Sudani praised CLAAS for its successful operations in Iraq, noting the trust the company has built among Iraqi farmers due to the durability and […]
By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani met in Munich with Ángel Escribano, Executive Chairman of Indra Group, a leading Spanish company specializing in information technology, simulation, automated testing equipment, and electronic defense systems. The delegation provided an overview of Indra's operations and contracts in Iraq, highlighting ongoing discussions with the Ministry of […]
By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani met on Friday with Marc Siewert, CEO of Berlin-based Veridos, on the sidelines of the 61st Munich Security Conference (MSC). Discussions focused on strengthening cooperation with Veridos, a global leader in secure passport and national ID card production, particularly through its manufacturing facility in Baghdad, which […]
By John Lee. Bassem Mohammed Khudair, Undersecretary for Extraction at Iraq's Ministry of Oil, chaired a high-level meeting on Thursday to discuss the development of Exploration Block 3. Key Discussion Points: Participants: Senior officials attended, including the Directors General of the Oil Exploration Company (OEC), Midland [Middle] Oil Company (MdOC), Petroleum Contracts and Licensing Directorate […]
By John Lee. The Iraqi Drilling Company (IDC) has commenced drilling operations for the first well in an 18-well project at the Southern East Baghdad oil field, in cooperation with China's EBS Petroleum, a body registered in Iraq to conduct the petroleum operations on behalf of China's ZhenHua Oil, The project aims to boost national […]
From Education International. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq: The Unified Retirement Law: A step towards improving retirees' lives and creating job opportunities In a significant step towards achieving social justice and equality among retirees, the Kurdistan Regional Government in Iraq […]
By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani has launched the Residential City Development Project in Nahrawan, Baghdad, covering 24,197 donums [approx 6,000 hectares, 15,000 acres], to provide serviced residential plots for Ministry of Defense personnel. The project is being managed by Dubai-based World Legend Contracting. During the ceremony, the Prime Minister also handed […]
By John Lee. Iraq's Council of Ministers has approved a 40% additional customs duty on imported PET rolls made from polyethylene granules, used in the production of single-use water cups, food containers, and transparent storage products. The measure will be in effect for four years without reduction, with market conditions under review. Key Measures: Customs […]
By John Lee. Iraq has agreed to forgive 80% of Mozambique's bilateral debt, with the remaining 20% restructured over 15 years, following a four-year grace period (2029-2043). The original debt of $60.26 million was incurred in 1979-1980 for oil supply agreements but had grown in the meantime to $320.16 million. Under the agreement, $256.13 million […]
By John Lee. The Iraqi Ministry of Industry and Minerals has secured government approval to establish a fully integrated phosphate fertilizer complex in Anbar and a sponge iron plant in Basra, marking what it describes as a major step in reviving the country's strategic industries. According to a ministry statement, the Higher Committee for Reconstruction […]
