By John Lee. The Central Bank of Iraq (CBI) has revoked the licence of Taiba Land Company due to what it describes as violations of Regulation No. (1) of 2022, which governs the operations of exchange and brokerage firms in Iraq. Click here to see the full statement from the CBI. (Source: CBI)
By John Lee. Iraq's Prime Minister has committed "unwavering support" for Cardinal Louis Sako (pictured) to succeed the late Pope Francis as head of the Catholic Church. Describing him as the only nominee from the Middle East, Mohammed S. Al-Sudani said the 76-year-old Chaldean Archbishop of Baghdad is widely respected both locally and internationally. Full […]
By John Lee. The Central Bank of Iraq (CBI) has issued a warning to the public regarding the circulation of foreign banknotes - including authentic, withdrawn, and counterfeit currency - used by fraudsters to deceive citizens. According to the CBI, criminals lure individuals into exchanging these notes for Iraqi dinars at inflated rates under the […]
By John Lee. The General Company for Communication and Power Equipment, under Iraq's Ministry of Industry and Minerals, has successfully designed and implemented a remote air pollution monitoring system, according to its Director General, Eng. Fawaz Muflih Dark. The system uses precision sensors to detect and measure concentrations of environmental pollutants, including carbon dioxide (CO₂) […]
Wood selected by TotalEnergies to advance Ratawi field redevelopment in Iraq, as part of the Gas Growth Integrated Project Wood, a global leader in consulting and engineering, has been awarded two new engineering and procurement framework agreements worth $11 million by TotalEnergies EP Ratawi Hub as part of the Gas Growth Integrated Project (GGIP), a […]
By John Lee. Prime Minister Mohammed S. Al-Sudani has launched the execution phase of the Nasiriyah Medical City Project in Dhi Qar Province -- a healthcare complex comprising 13 facilities, including seven hospitals with a combined capacity of 700 beds. Designed to reduce Iraq's reliance on overseas medical treatment, the 132-dunam [13.2-hectare; 33-acre] project will […]
By John Lee. Prime Minister Mohammed S. Al-Sudani has laid the foundation stone for the Al-Nasiriyah Combined-Cycle Power Plant Project in Dhi Qar Province. The 921-megawatt facility, powered by natural gas, is being built by Germany's Siemens and Turkish firm Enka on the site of the existing Al-Nasiriyah Steam Power Plant. The project aims to […]
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. Prime Minister Mohammed S. Al-Sudani met on Sunday with the newly-appointed British Ambassador to Iraq, Mr. Irfan Siddiq, to discuss bilateral relations and regional developments. Al-Sudani underscored the importance of enhancing cooperation under the Partnership and Cooperation Agreement, signed during his visit to the United Kingdom in January. Both sides stressed the […]
By John Lee. The Al-Zawraa General Company, part of Iraq's Ministry of Industry and Minerals, has unveiled plans to establish an integrated and advanced manufacturing plant for solar panels, with an annual production capacity of 750 megawatts - supporting the government's drive toward clean energy. Director General Eng. Muhannad Jabbar Alwan highlighted the company's significant […]
By John Lee. Oman Airports has signed a strategic partnership agreement with Taiba Karbala, the investor behind the Karbala International Airport project. The agreement covers the preparation, equipping, and initial operation of Karbala International Airport, one of Iraq's key aviation infrastructure projects. The agreement was signed by Oman's Minister of Transport, Communications, and Information Technology […]
By John Lee. The General Company for Mining Industries, part of Iraq's Ministry of Industry and Minerals, has announced the successful completion of rehabilitation and modernization work at its aluminium casting plant, in partnership with the private sector. According to Director General Eng. Ahmed Faleh Ali, the upgraded facility will initially produce 250 tonnes of […]
