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By John Lee. The Central Bank of Iraq (CBI) has announced the launch of the country's first university-based virtual banking project, with the initial phase set to start at Al-Muthanna University. The project was unveiled during the university's comprehensive exhibition, held alongside the 2nd Scientific Conference on "Artificial Intelligence and Labour Market Requirements," organised by […]
By John Lee. The Bazargan Oil Complex has announced the establishment of a gas compression unit with a processing capacity of up to 70 million standard cubic feet per day (MMscf), as part of efforts to fully utilize associated gas from Missan's oil fields. Hassan Falahi, head of the gas processing division, told the state-run […]
By John Lee. Basra Governor Asaad Al-Eidani (pictured) has reportedly announced the launch of Madinat Al-Nakhil [Palm City], a major residential and developmental project in Iraq. Planned for over a decade, the eco-friendly city will span 54 nature reserves and 34 additional dunams, featuring 120,000 housing units, universities, and industrial zones aimed at reducing carbon […]
By John Lee. Iraq's Minister of Construction, Housing, and Municipalities, Benkin Rikani, has approved the master plan for the Ali Al-Wardi Residential City Project in Baghdad. The announcement was made in the presence of senior officials and representatives from Egypt's ORA Developers. Located in Nahrawan, southeast of Baghdad, the project will be the largest new […]
By John Lee. Prime Minister Mohammed S. Al-Sudani and Egyptian Prime Minister Dr. Mostafa Madbouly participated in the Iraqi-Egyptian Economic Forum, attended by 300+ business leaders from both nations. Key Highlights: Economic & Historical Ties: PM Al-Sudani emphasized Iraq and Egypt's long-standing relations and the potential for expanded private sector cooperation. Reform-Driven Investment: Iraq's banking, […]
By John Lee. Iraq and Egypt have signed multiple Memorandums of Understanding (MoUs) under the patronage of Prime Minister Mohammed S. Al-Sudani and Egyptian Prime Minister Mostafa Madbouly during the third session of the Iraq-Egypt Joint Higher Committee in Baghdad. The agreements cover a range of sectors, including: Transport - Land transport of passengers and […]
By John Lee. The Iraqi Ministry of Trade has signed an agreement with Switzerland's Bühler and Egypt's Samco to construct five state-of-the-art grain silos, each with a storage capacity of 60,000 tonnes. The silos will be built in Kirkuk, Anbar, Wasit, Najaf, and Muthanna, as part of the ministry's infrastructure development plan. Minister Atheer Daoud […]
By John Lee. A senior Spanish official has said that Spain is cooperating with Iraq to extend the railway from Basra to Egypt's Sharm El-Sheikh. State-run Iraqi News Agency (INA) quotes Alicia Rocío Varela Donoso, Director General of International Trade and Investment for Spain, as saying: "There are very good companies in the field of […]
By John Lee. Iraq's government has successfully attracted $100 billion in investments over the past two years, according to Mohammed Al-Najjar, advisor to the Prime Minister for Investment and head of the Iraq Development Fund. He told the state-run Iraqi News Agency (INA) that a $5 billion agreement was signed recently with Egypt's Elsewedy Electric […]
By John Lee. Iraq's Prime Minister, Mohammed S. Al-Sudani, held a meeting on Monday, with Mr. Ahmed ElSewedy, Chairman of Egypt's ElSewedy Group, and a group of Egyptian industrial and commercial company directors, with several of the Prime Minister's advisers. During the meeting, the Prime Minister emphasized the expanding economic cooperation between Iraq and Egypt, […]
By John Lee. Prime Minister Mohammed S. Al-Sudani met on Mondat with Egypt's Deputy Prime Minister and Minister of Transport and Industry, Mr. Kamel El-Wazir, along with heads of several major Egyptian companies specializing in roads, construction, and bridges. The Prime Minister emphasized that this visit reflects the strong brotherly relationship between Iraq and Egypt, […]
By John Lee. Egypt's Talaat Moustafa Group (TMG) has informed the Egyptian Stock Exchange that it has started "the necessary legal and technical procedures" to begin projects and investments in Iraq. In July, company Chairman Hisham Talaat Moustafa was part of a delegation of Egyptian, Saudi, and Iraqi business leaders meeting with Iraqi Prime Minister […]
