Tag Archives | featured

New ESG Performance Scorecard for Iraqi Banking Sector

By John Lee. The Central Bank of Iraq (CBI) has signed an agreement with the International Finance Corporation (IFC) to launch the first ESG (Environmental, Social, and Governance) Performance Card project report in the Iraqi banking sector. This was prepared in cooperation and coordination with experts from the International Finance Corporation (IFC). At the launch […]

Iraq's Asiacell appoints US-based firm for Data Governance

By John Lee. Mobile phone service Asiacell has reportedly appointed US-based LigaData to implement a new Data Governance Framework and Data Governance Center of Expertise. According to a press release, the partnership will enable more innovative digital services for Asiacell's 17 million subscribers and significantly improve the organization's return on investment from existing data infrastructure. […]

ICRC expands Humanitarian Ops in Southern Iraq

The ICRC expands its humanitarian operations in southern Iraq The International Committee of the Red Cross (ICRC) has inaugurated an office in Nasiriyah, to provide further support to affected populations on physical rehabilitation, mine risk awareness and emergency preparedness. The inauguration of this office, along with existing structures in Najaf and Basra governorates, strengthens the […]

Iraqi PM courts French Business Leaders

By John Lee. On the sidelines of his official visit to France, Prime Minister Mohamed Shia Al-Sudani met a group of French business leaders on Friday. Al-Sudani said the Strategic Partnership Agreement signed with France represents, "a framework for cooperation in all fields," adding that French companies investing in Iraq will be making the right […]

IBBC Trade Delegation meets New Iraqi Govt

The Iraq Britain Business Council (IBBC) President Baroness Nicholson of Winterbourne supported by Managing Director Christophe Michels, and Board Member Haider Al Shamaa led a delegation of 20 IBBC members to Baghdad to meet the new Government of Federal Republic of Iraq Welcomed by President of Iraq H.E. Abdullatif  Rasheed, and Prime Minister H.E. Mohammed […]

New Chair of Iraq's National Investment Commission

By John Lee. Dr. Haider Muhammad Makiya has taken up he new role as Chairman of Iraq's National Investment Commission (NIC). He immediately held a meeting with the Director Generals and senior officials, confirming the development of plans and strategies according to the governmental curriculum of the Prime Minister, Mr. Muhammad Shia al-Sudani, with the […]

Iraqi PM's Balancing Act Between Tehran and Washington

By David Schenker, for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Sudani's Wobbly Balancing Act Between Tehran and Washington Although it is still too early to write the prime minister off as an Iranian lackey, he […]

DQOC to Resume Trial Production at Subba Oil Field

By John Lee. The Director General of the Dhi Qar Oil Company (DQOC) has announced the resumption of trial production operations from the Sabah (Subba) oil field, which has a capacity of 10,000 barrels per day (bpd). Eng. Ali Khudair said that the company has succeeded in modernizing and automating operations to resume production from […]

Germany: new EUR10m contribution to Stabilization in Iraq

Germany renews commitment to stabilization with new EUR 10 million contribution The Federal Republic of Germany has renewed its commitment to stabilizing Iraq with an additional EUR 10 million (approximately US$10.5 million) contribution. The critical support will be channeled through UNDP's flagship programme, the Funding Facility for Stabilization. The generous contribution was formalized at a […]

KRG PM Barzani receives UK's new Consul-General in Erbil

KRG Prime Minister Masrour Barzani received the United Kingdom's new Consul-General in Erbil, Rosey Cave on Thursday. The Prime Minister congratulated her on her appointment and wished her success in her duties and expressed the Kurdistan Region Government's full support for the new Consul in order to further promote the strong relationship between the UK […]