From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. How long can Iraq rely on the Central Bank's Reserves, Money-Printing Scheme to Survive? While many questions linger, four stand out: How can Iraq sustain expenses where 90 percent goes toward operational costs and […]
By John Lee. An emergency meeting of Iraq's Coordination Framework was held at the Government Palace on Wednesday to discuss what it described as US-Saudi attacks on Iraqi sovereignty. According to Prime Minister's Office, the meeting, hosted by Prime Minister Ali al-Zaidi, condemned what it called an attack on Iraqi territory that resulted in the […]
By John Lee. The deputy head of the National Investment Commission (NIC), Salar Muhammad Amin, has met with Egypt's trade attaché to Iraq, Samir Qurashi, to discuss strengthening economic and investment cooperation between the two countries. The meeting, which was also attended by the director-general of the Relations and Media Department, Haider Hammad, covered mechanisms […]
By John Lee. A strategic partnership to advance data centre standards and digital infrastructure in Iraq has been announced by US-based Uptime Institute and Iraq's T964 [Tech 964]. The agreement appoints T964 as Uptime Institute's business partner in Iraq, with a focus on data centre standards, professional capacity building, and operational excellence. The partnership was […]
By John Lee. IQD 2.5 billion (USD 1.9 million) in cash has been found at the home of a former head of the accounts department in Salahadin Governorate, who is currently detained pending investigation. Six properties registered in the name of his wife were also identified at investment compounds. According to the Federal Commission of […]
The Iraqi Children Foundation (ICF) has issued a reminder that registration is now open for its "In Their Shoes" 5K. Whether you join us in person at beautiful Burke Lake Park in Fairfax, VA on Saturday, August 29, or participate virtually from anywhere in the world, every step you take helps raise vital funds that […]
By John Lee. Türkiye Petrolleri Anonim Ortaklığı (TPAO) is to acquire a 15% interest in BP Energy Company of Kirkuk Limited (BP ECKL), the vehicle through which BP is supporting the redevelopment of major oil and gas fields in the Kirkuk region of northern Iraq. According to BP, the agreement builds on a strategic cooperation […]
By John Lee. Iraq and Turkey have agreed to begin work on the Development Road project, with several contracts signed covering energy, transport, education, and water during a visit to Ankara by Prime Minister Ali al-Zaidi. According to the Prime Minister's Office, Ali al-Zaidi made the announcement at a joint press conference with Turkish President […]
By John Lee. Iraq and Turkey have signed three memoranda of understanding (MoUs) in Ankara, covering industrial property, police training, and youth and sports cooperation. According to the Iraqi Prime Minister's Office, the signing was witnessed by Prime Minister Ali al-Zaidi and Turkish President Recep Tayyip Erdoğan. The agreements are: An MoU on industrial property […]
By John Lee. Zain Mart, the e-commerce platform of Zain Iraq, has formed a partnership with Switch, a financial solutions company, to offer instalment payment plans to eligible banking customers. Under the agreement, Switch cardholders whose salaries are domiciled with Rasheed Bank and National Bank of Iraq (NBI) will be able to purchase products on […]
By John Lee. The Iraqi Minister of Oil has been authorised to sign a memoranda of understanding (MoU) with a consortium comprising US-based companies ConocoPhillips, TI Capital and Novaterra Energy. Cabinet approved the agreement, which involves assessing the exploration and development potential at the Akkas gas field (pictured) in western Iraq, and surrounding areas. Earlier […]
By John Lee. Iraqi Prime Minister Ali al-Zaidi has received Germany's Ambassador to Iraq, Daniel Krebber, for talks on bilateral relations and economic cooperation. According to the Prime Minister's Office, discussions covered ways to strengthen cooperation across various sectors, as well as regional and international developments. Al-Zaidi highlighted the government's programme of economic, financial, and […]
