The latest Iraq Diplomatic News – Egyptian National Day, Ebril, Egyptian Consulate and more – brought to you by Iraq Business News
By John Lee. Egyptian billionaire Naguib Sawiris has met with Iraqi Prime Minister, Mohammed Shia Al-Sudani, to discuss a major project in Baghdad. No details of the project were given, but Sawiris, the Chairman of Egypt's Orascom Investment Holding company, had also met earlier this year with the Chairman of Iraq's National Investment Commission (NIC) […]
Bassem Rahmi, CEO of Egypt's Micro- Small- and Medium-sized Enterprises Development Agency (MSMEDA) has emphasized the agency's commitment to implementing the political leadership's directives aimed at enhancing cooperation with relevant entities in the development and advancement of the small business sector in Arab countries. The agency seeks to exchange expertise regarding mechanisms that drive the […]
By John Lee. The joint committee between Iraq and Egypt commenced its work in Cairo on Tuesday. The delegation from Iraq was headed by the Prime Minister, while the Egyptian side was led by Prime Minister Mustafa Madbouly. The meeting focused on bilateral relations between the two countries and discussed various common issues, emphasizing the […]
By John Lee. The Central Bank of Iraq (CBI) has reportedly been ordered to pay $13 million to Abu Dhabi-based Cardno ME (CME), relating to a dispute over the construction of its new headquarters in Baghdad. The International Chamber of Commerce (ICC)'s International Court of Arbitration is said to have made the ruling in February, […]
By John Lee. The Guardian has claimed that a new cache of documents undermines key evidence used to jail a pair of foreign businessmen in Baghdad. Australian engineer Robert Pether and his Egyptian colleague Khalid Radwan have been detained since April 2021. They have been sentenced to five years in prison and jointly fined $12 […]
By John Lee. Norwegian company Scatec has reportedly decided not to proceed with its solar projects in Iraq. The firm, whose main shareholder is Equinor (formerly Statoil), told MEES that it has decided to focus on "carefully selected markets", and not to proceed with the projects in Iraq. In October 2021, Iraq's Ministry of Oil […]
By Jessica Bahr for SBS News. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Robert was jailed in Iraq two years ago. His Australian family say they're at 'breaking point' Friday marked two years since Australian engineer Robert Pether was arbitrarily detained in Iraq, […]
By John Lee. Iraq's cabinet has approved the recommendation of the Energy Ministerial Council regarding the renewal of the contract to supply the Egyptian General Petroleum Corporation (EGPC) with oil. The contract will involve the supply of four million barrels of Basra medium crude oil, with two million barrels for June and another two million […]
Seed investor Flat6Labs has launched its StartMashreq entrepreneurship program. The regional program is being implemented over a two-year period in partnership with the International Finance Corporation (IFC), a member of the World Bank Group, and the government of the Netherlands. As the first program of its kind, StartMashreq will offer comprehensive support to entrepreneurs across […]
By John Lee. The Chairman of Iraq's National Investment Commission (NIC), Dr. Haider Muhammad Makiya, has met with the Chairman of Egypt's Orascom Investment Holding company, Naguib Sawiris. According to a statement from the NIC, they discussed a number of opportunities and sectors the company is willing to invest in, such as taking part in […]
By John Lee. Sulaymaniyah-based internet provider iQ has launched its new Silk Route Transit fibre-optic service. According to a press release, the new service will, "improve connectivity in the Middle East to the rest of the world ... [and] provide better latency and heighten download speeds across the continent to enable unprecedented streaming and gaming […]
By John Lee. Iraqi Prime Minister Mustafa Al-Kadhimi and the Prime Minister of Jordan, Bisher Al-Khasawneh, have laid the foundation stone for the Iraqi-Jordanian electricity interconnector. Al-Kadhimi said the project will help secure the exchange of energy between the two countries, and reflects the policy of openness and cooperation adopted by this government. On the […]
