By John Lee. The Prime Minister of Iraq, Mohammed Shiaa Al-Sudani, sponsored the signing of a cooperation and capacity-building agreement between the Iraqi Civil Aviation Authority (ICAA) and the International Civil Aviation Organization (ICAO). The ICAO is a United Nations agency, established to help countries share their skies to their mutual benefit. The ceremony took […]
From the Iraq Britain Business Council (IBBC): Baroness Nicholson of Winterbourn, President of IBBC, and Christophe Michels, IBBC Managing Director, accompanied by Dr. Ali Jawad, IBBC Representative in Kurdistan, and Mohanad Al Khattab, IBBC Baghdad Office Manager, have visited Erbil to meet with KRG Government and IBBC Members. On the morning of the 31 of […]
By John Lee. The Saudi company Northern Region Cement has signed a contract with Germany's KHD to build a cement production line in Iraq. According to a statement to the Saudi Stock Exchange, the new plant will have an annual capacity of 1.32 million tons of cement, and the project should be completed within 16 […]
By John Lee. The Central Bank of Iraq (CBI) has decided to resume the sale of gold ingots and coins starting on Wednesday, November 8, 2023, using an electronic platform. The bank has confirmed that both government and private banks can apply to purchase gold ingots and coins through a dedicated online platform, emphasizing that […]
By John Lee. Iraq's Ministry of Finance has initiated the payment of compensation totalling over 175 billion dinars to the Ministry of Agriculture for damages caused by floods and rains in the following provinces: Basra: 32.69 billion dinars Maysan: 7.91 billion dinars Wasit: 12.41 dinars Muthanna: 122.87 dinars The disbursement is based on Cabinet Decision […]
By John Lee. Ahla Al-Jinan Company has won a contract with the United Nations Assistance Mission for Iraq (UNAMI) for the "Construction of the Woman Shelter in Diwaniyah Governorate". The contract is valued at $172,225. The potential end date is given as Monday, February 19, 2024. (Source: UN)
By Ahmed Tabaqchali, Chief Strategist of AFC Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Assessing the Risks of a Wider Middle East Conflict The market, as measured by the Rabee Securities US Dollar Equity Index (RSISX USD Index), was down 3.4% in […]
By John Lee. The Kurdistan Regional Government (KRG) has allocated more than 70 billion Iraqi Dinars [$53 million] annually for the procurement of cancer medications, equipment, and medical supplies. Speaking at the laying of the foundation stone for the LINAC Radiotherapy Radiation Cancer Treatment Centre in Duhok, KRG Prime Minister Masrour Barzani also appealed to […]
By John Lee. Iraq's Oil Pipeline Company has successfully completed a project to extend a dry gas pipeline (16 inches in diameter) that supplies the Kirkuk Gas Power Station from the Khor Mor fields. The pipeline, with a length of 1,050 meters, was constructed in two phases and is expected to transport an additional 100 […]
By John Lee. In a meeting of the Joint Management Committee, Iraq's Oil Ministry discussed the development plan for fields and projects contracted with the French company TotalEnergies. The Deputy Minister for Extraction Affairs affirmed the ministry's commitment to implementing strategic projects with TotalEnergies and QatarEnergy. According to a statement from the Ministry, the four […]
By John Lee. Texas-based Bell Helicopter, a wholly-owned subsidiary of Textron Inc., has been approved for a possible $300-million military contract with Iraq. Full statement from the US Defense Security Cooperation Agency (US DSCA): The State Department has made a determination approving a possible Foreign Military Sale to the Government of Iraq of Bell Helicopter […]
By John Lee. The Prime Minister of the Kurdistan Regional Government (KRG) has Barzani has opened what is described as the largest cardboard and packaging factory in Iraq. Masrour Barzani opened the Fabyab facility in Erbil on Tuesday, saying: "This factory plays a crucial role in bolstering our agricultural sector by providing essential packaging and […]
