By John Lee. US energy major ExxonMobil has signed a Heads of Agreement (HOA) with Iraq's Ministry of Oil. A statement today (Wednesday) from the Prime Minister's Office gave few details, but the agreement is thought to involve the Iraq's giant Majnoon field. During a meeting with ExxonMobil Vice President Peter Larden and the accompanying […]
By John Lee. The Iraqi Ministry of Transport has received bids from several international companies to develop Baghdad International Airport (BIAP). According to Bassem Waheed, Acting Director General of the Contracts and Licensing Department, the Ministry's evaluation committee will select the best offer to ensure high-quality development services for the airport. Three consortia submitted proposals: […]
By John Lee. The Iraqi government has approved the formation of a working group, chaired by the head of the Iraq Civil Aviation Authority (ICAA), to oversee the licensing of Baghdad, Basra, Mosul, and Najaf airports. The team will also review the Iraqi Airways and State Company for Air Navigation Services to ensure full compliance […]
By John Lee. Prime Minister Mohammed Shia' Al-Sudani on Monday laid the foundation stone for a new 100-bed hospital project in the Rahmaniya-Shu'ala area of Baghdad's Karkh district. The facility is one of 16 hospitals of similar capacity being built under the Iraq-China agreement. According to a press release, the new hospitals will feature modern […]
By John Lee. Prime Minister Mohammed Shia' Al-Sudani has received representatives from KPMG, the global auditing and financial advisory firm, to review ongoing cooperation with Iraq's banking sector as part of the government's efforts to enhance transparency and improve the country's financial reputation. The Prime Minister affirmed that Iraq's banking reform programme has become a […]
By John Lee. Prime Minister Mohammed Shia' Al-Sudani has reaffirmed his government's commitment to supporting women's rights and empowerment, directing the launch of new financial and training initiatives for women across Iraq. Chairing a meeting of the Supreme Council for Women's Affairs, the Prime Minister announced the launch of the Basmat (Fingerprint) Initiative, which will […]
By John Lee. Prime Minister Mohammed Shia' Al-Sudani on Sunday chaired a meeting dedicated to approving recommendations to activate financing procedures for projects under Iraq's Industrial Initiative. The meeting was attended by the Minister of Finance, the Governor of the Central Bank of Iraq (CBI), several advisers, and members of relevant committees. The discussions reviewed […]
By John Lee. Iraq's Galina Express has signed an agreement with Aras Kargo, a subsidiary of Oesterreichische Post [Austrian Post], to strengthen cross-border logistics between Iraq and Türkiye. Under the partnership, Aras Kargo will manage sorting and transport of parcels from Türkiye to the Iraqi border, where Galina Express will handle last-mile delivery. The collaboration […]
By John Lee. The United States has confirmed plans to reduce its military mission in Iraq, marking a new phase in the bilateral security relationship. Statement by Chief Pentagon Spokesman Sean Parnell on Iraq transition: In accordance with the President's guidance and in alignment with the U.S.-Iraq Higher Military Commission and the joint statement issued […]
By John Lee. Iraq's Vertex Investment Group has reportedly signed a Memorandum of Understanding (MoU) with Syria's Ministry of Economy and Industry to rehabilitate and expand the Hama Cement Plant. According to the state-run Syrian Arab News Agency (SANA), the agreement covers the upgrade of the third production line, raising daily clinker output from 3,300 […]
By Dr Ali Abdul Kadhim Dadoush, for the Al-Bayan Center for Planning and Studies. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Assessing the impact of the fire insurance gap on the fragility of special economic projects in Iraq Insurance serves as a safeguard […]
By John Lee. Spain's LALIGA has advanced its partnership with the Iraqi Football Association (IFA) by holding an economic control workshop in Madrid for representatives of Iraq Stars League (ISL) clubs. The initiative forms part of a wider consultancy project aimed at professionalising Iraqi football and ensuring the long-term sustainability of its competitions. The workshop addressed […]
