By John Lee. The Kurdistan Regional Government (KRG) has announced that the Iraqi Islamic Bank (IIB) has formally joined the 'My Account' financial inclusion initiative, alongside BBAC, Cihan, NBI and RT. In a statement on Tuesday, the KRG said it expects other major banks to join by the end of the month. It continues: "To […]
By John Lee. Prime Minister Mohammed Shia al-Sudani has opened two major new fertiliser production facilities in Basra. The phosphates (DAP) plant was developed by AAA Holding Group, led by CEO Dr. Amet Selman. With a capacity of 500,000 tonnes per year, this extension marks a critical step towards enhancing the support for the Iraqi […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Federal State Budget Accounts 2023 - Planned vs Realisation The Ministry of Finance (MoF) data regarding results of implementing budget law for 2023 indicates a number of facts; few are good and […]
By A.S. Harinath and Ahmed Ali, for the World Bank. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Conflict Pollution: Lessons from Iraq In Iraq, successive conflicts, including attacks on its oil and industrial assets, have created environmental pollution hotspots. Tackling the contaminated sites […]
By John Lee. Maryland-based Amentum Services Inc. has been awarded a $8,626,048 modification (P00335) to contract W58RGZ-19-C-0025 for aviation maintenance services. Work will be performed at Fort Liberty, North Carolina; Fort Campbell, Kentucky; and Iraq, with an estimated completion date of Nov. 30, 2024. Amentum was created by the sale of AECOM's Management Services business […]
By John Lee. On Thursday, Prime Minister Mohammed Shia Al-Sudani welcomed Mr. Tan Sri Onn Saifuddin Ismail Bin Shaharuddin, President of the HSS and CHSS Malaysian alliance. Mr. Ismail has undertaken consultancy roles for the Baghdad Metro and the Karbala-Najaf train projects. The meeting was attended by the Malaysian Charge d'Affaires in Iraq, Mr. Muhammad […]
By John Lee. Aswar Al-Hadhaba General Trading, Contracting and Transportation has won a contract with the United Nations Assistance Mission for Iraq (UNAMI) for, "Supply, Installation and Commissioning of Four Electrical Water Pumps 1 m3/Sec with all Required Accessories in Samawa-Muthanna Governorate." The contract is valued at $464,515.75. (Source: UNGM)
By John Lee. Abu Dhabi's AD Ports Group this week welcomed an Iraqi delegation headed by His Excellency Mr. Razzaq Muhaibas Al-Saadawi, Iraq's Minister of Transport, alongside key figures and leaders in business, investment and development sectors. The focus was on a number of projects pivotal to international transport, logistics services, economic cooperation in the […]
By John Lee. Belad Al Naser for General Trade and Contracting has won a contract with the United Nations Assistance Mission for Iraq (UNAMI) for, "Provision of Cleaning, Laundry and Janitorial Services at UNAMI Erbil Regional Office, Iraq." The contract is valued at $198,854.01. (Source: UNGM)
Launch of the Joint Coordination Forum (JCF) in Basra: A Collaborative Milestone for Sustainable Development and Climate Resilience in Iraq H.E. Mr. Asaad Al-Aidani, Governor of Basra and Mr. Ghulam Mohammad Isaczai, the Deputy Special Representative of the Secretary-General, Resident Coordinator, and Humanitarian Coordinator (DSRSG/RC/HC) have launched the Joint Coordination Forum (JCF) in Basra. The […]
By John Lee. Earlier this week, Mr. Abdul Razzaq Al-Zuhairi, President of the Federation of Iraqi Chambers of Commerce (FICC), received a delegation from the European Bank for Reconstruction and Development (EBRD) at the Federation's headquarters. The delegation was led by Dr. Heike Harmgart, the EBRD's Managing Director for the Middle East, and included His […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani received a delegation comprising businessmen, economists, and representatives from various sectors of the Egyptian private sector on Wednesday. During the meeting, the Prime Minister expressed the government's keenness to strengthen cooperation between Egyptian companies and various investment and industrial sectors in Iraq. He emphasized enhancing partnerships and […]
