By John Lee. Shams Telecom has signed a memorandum of understanding with GlobalTek to cooperate on solar energy and related technology projects in Iraq. The agreement covers collaboration on clean energy solutions, with a focus on solar power, and on providing technology and infrastructure services for the telecommunications and energy sectors. The Baghdad-based companies said […]
By John Lee. UAE-based Damac has launched "Damac Hills Baghdad", which it describes as a landmark luxury development set to redefine the real estate landscape of Baghdad. At its launch event, the company expressed its commitment to delivering exceptional real estate projects and setting new standards of excellence in Baghdad's property sector. (Source: Damac)
By John Lee. Wayl, the payments platform for online sellers in Iraq, has secured USD 150,000 in pre-seed financing from EQIQ Ventures, a venture-capital fund led by Mohamed Al-Hakim. Wayl plans to use the capital to expand its digital-payments solution for social-media merchants and freelance workers, addressing a market where an estimated 97 percent of […]
By John Lee. Al-Uroush Automotive has signed an exclusive distribution agreement with Japan's Mazda Motor Corporation. The signing ceremony, held in Hiroshima, Japan, was attended by Dr. Sabah Abdul Latif Salem, Chief Executive Officer of Al-Uroush, and Mr. Manabu Osuga, Global Sales and Marketing Director at Mazda. Under this strategic partnership, Al-Uroush will be the […]
By John Lee. UAE-based Chestertons Global has announced the opening of a new office in Baghdad, as part of its ongoing expansion across the Middle East. According to a statement from the company, Iraq's real estate sector, valued at $1.12 billion in 2024 with projected annual growth of 6%, is attracting increasing interest from investors. Government-backed infrastructure […]
By John Lee. The Iraqi Prime Minister inaugurated the Al-Zaytoon Baghdad / Mövenpick Hotel on Saturday, marking a partial opening of its main facilities in preparation for the upcoming Arab Summit in Baghdad. PM Mohammed S. Al-Sudani highlighted that the hotel is one of the largest private sector projects in tourism and hospitality in the […]
By John Lee. UK-based Development Analytics Ltd has won a contract with the International Labour Organization (ILO) to, "[Make] The Case for an Old-Age Social Pension in Federal Iraq." The contract value was not disclosed. According to information provided by the UN, the ILO, together with UNICEF and WFP, are implementing an EU-funded Joint Social […]
From Capacity Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq's digital future: FastIraq CEO on why the country is rising as a key connectivity hub As the global demand for low-latency, high-capacity connectivity grows-driven by AI, cloud services, and real-time applications-networking strategies […]
By John Lee. Dubai-based facilities management (FM) company EFS Group has commenced operations in Iraq. According to a LinkedIn post from Regional Country Director Kamal Zahran, the company is tapping into Iraq's extraordinary potential for facilities management. "As an early entrant, we are proud to be part of this dynamic industry landscape," he said. Vice Chairman […]
By John Lee. Kirkuk Governor Ribwar Taha Mustafa has signed a contract for the construction of the Kirkuk Refinery, which has a planned production capacity of 70,000 barrels per day (bpd). The refinery will be built by Sulaymania-based Rania Group, and will reportedly cost around $2 billion. During the signing ceremony, attended by Kirkuk Provincial […]
By John Lee. Iraq's Minister of Oil, Hayan Abdul Ghani, met on Monday with a delegation from UAE-based energy services company Kent, and Iraq's Al-Shalal Al-Azraq Company (SHACo). The delegation included Shalal Al-Saraifi [Dr. Shalal M. Falih], Chairman of Shaco; Matthew Bishop, Senior Vice President of Kent; and Alexon Strandberg, Managing Director of Kent Iraq. […]
By John Lee. The Washington DC-based Institute for Financial Integrity (IFI) has announced the launch of the Financial Integrity and Cross-Border Payments Training Program for the National Bank of Iraq (NBI), developed in partnership with the Central Bank of Iraq (CBI) and K2 Integrity. According to a press release from IFI, this groundbreaking initiative aims […]
