The latest China – Iraq Business News – Chinese Electricity Company, CNPC, CNOOC, PetroChina & more – brought to you by Iraq Business News
By Simon Watkins for the OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. China Makes Big Moves To Secure Iraqi Oil Whilst the U.S. and its allies appear to be taking a subtle approach to advancing their remaining interests in Iraq, as hinted […]
By John Lee. The Central Bank of Iraq (CBI) has reportedly confirmed an agreement with J.P. Morgan Development Finance Institution to facilitate payments to China in order to finance private sector imports. According to the state-owned Iraqi News Agency (INA), this agreement enables Iraqi banking systems to make payments directly to the People's Republic of […]
By John Lee. Iraq's Council of Ministers has approved the recommendation of the Economic Energy Council to sign contracts for the fifth energy licensing round. According to a government statement, the fifth-round projects had been suspended for four years due to "a complaint about the correctness of the procedures." It adds that, "after this file […]
By John Lee. China's Gezhouba Group has offered to invest $10 billion in Iraq's Kurdistan region. According to a report from Kurdistan24, a translation of which was published on the company's website, the investment is intended for roads, railways, the power sector and dams. Mohammed Shukri, chairman of the Kurdistan Investment Board, is quoted as […]
From the Al-Bayan Center for Planning and Studies. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Chinese ambassador writes for Al Bayan: Belt and Road Initiative and China-Iraq relations Cui Wei-ambassador of the Republic of China to Baghdad: In this past period since my […]
From Five One Invest. Re-published with permission by Iraq Business News. ECOSYSTEM OVERVIEW The Iraqi startup ecosystem started with a bang this year. In Q1 of 2022, we witnessed an unprecedented $10.5M investment round (Baly) and $5M (TipTop). The excitement revolved not only around investment value but also around the investor profile. Specifically, Baly's round […]
By John Lee. Chinese automobile brand Exeed has confirmed that it is entering the Iraqi market. After launching in several gulf states, the car-maker has said it is now ready to establish new dealerships in Iraq. The brand, which specialises in premium SUVs, was introduced by China's Chery Automobile in 2017. (Source: Exeed)
One of the greatest obstacles facing many telecommunication companies across the world is their capacity and ability to combat gaming download speeds and latency. With the development of broadband and gaming occurring side by side, every company in this domain must do all they can to satisfy gamers internationally. With an expected mobile game user […]
By John Lee. Ishtar Gate Company for E-Payment Systems and Services, an Iraq-based fintech company, has reportedly released an app that allows users to trade US-listed stocks via a mobile app called Bluepay. According to Newsfile, the company was recently approved by the Central Bank in Iraq (CBI) as the "first and only company to […]
By Al Monitor staff. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraqi PM calls for closer ties with China During the Arab-China Summit in Riyadh, Muhammad Shia al-Sudani expressed Iraq's willingness to join the Belt and Road Initiative and expand ties and […]
Today, iQ proudly reveals its groundbreaking partnership with Tencent. In a bid to improve gaming latency and establish itself as a telecommunication pioneer, iQ has become the gaming publisher's first partner in Iraq, as well as one of its few partners in the region. iQ will provide Tencent with powerful servers and unmatched connectivity to […]
On June 8th, 2021, Mustafa Al-Kadhimi, Prime Minister of Iraq, hosted a contract signing ceremony between CSCEC (China State Construction Engineering Corporation) and the bureau of civil aviation of Iraq on the construction of the Nasiriyah International Airport. With a contract amount of 367 million USD, the project includes the construction of a terminal building, […]
