By John Lee. China's Zhongman Petroleum and Natural Gas Group Corporation (ZPEC) has announced that it has received a letter from Iraq's Petroleum Contracts and Licensing Directorate (PCLD) confirming the successful approval of its qualifications for Iraq's oil and gas field development and operations. In a statement on Thursday to the Shanghai Stock Exchange, the […]
By John Lee. Médecins Sans Frontières (MSF) [Doctors Without Borders] has handed over its medical activities in the Sinuni General Hospital to the Ninewa Directorate of Health. Full text of statement from MSF: MSF hands over medical activities at Sinuni General Hospital in Sinjar Five years after our first efforts to restore people's access to […]
By Mohammed Muayad Koperly and Osama Tuma Fakhir, for Al Nesoor Law. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq's Central Bank Introduces Rigorous Regulations for Foreign Currency in Cross-Border Transaction The Central Bank of Iraq (CBI) recently released revised guidelines for foreign […]
From the Iraq Britain Business Council (IBBC): IBBC Autumn Conference in Dubai examines: 'Iraq - Building a sustainable future'. For the first time in over 30 years, Iraq is currently experiencing a relatively golden scenario with high oil prices and government surpluses, a stable government, and peaceful borders. A stable economy is also leading to […]
New Leadership at Five One Labs Charts Exciting Path Forward in Iraq Five One Labs, a global startup incubator supporting frontier-market entrepreneurs, has recently announced the appointment of new Managing Directors for Iraq and the Kurdistan Region of Iraq. Savo Bakhtiar Rasoul, the new Managing Director for Ecosystem, and Shwan Ali Qaradaghi, the new Managing […]
By John Lee. Mobile phone service Asiacell has reported strong growth in revenue and EBITDA. In its financial results for the nine-month period ended 30 September 2023, parent company Ooredoo said: "Asiacell maintained its strong performance into Q3, delivering double-digit revenue and EBITDA growth. Asiacell' customer base remained stable at 17.1 million customers. "Revenue increased […]
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Virus kills 300,000 fish in Iraq's Daquq Fish farmers in Kirkuk have lost up to two billion dinars ($1.25 million) after a lethal virus killed an estimated 300,000 fish over the past two weeks. […]
From the United Kingdom's Foreign, Commonwealth & Development Office (FCDO): The Foreign, Commonwealth & Development Office (FCDO) advises against all travel to all provinces of Iraq except the Kurdistan Region of Iraq, and against all but essential travel to the Kurdistan Region of Iraq. Protests regularly take place in and around the International Zone in […]
By John Lee. The Iraqi Ministry of Transport has announced the resumption of direct flights between Iraq and Germany and Denmark. According to a statement from the Ministry's media office, Minister Razak Mahjoub Al-Saadi conducted several high-level meetings with European officials, where the possibility of direct flights between Baghdad and various European capitals and cities […]
The KRG announced that the National Bank of Iraq (NBI) has formally joined the 'My Account' financial inclusion initiative, bringing the number of participating banks to five: Ashur, BBAC, Cihan, NBI, and RT. This is part of efforts to provide beneficiaries with more banking choices, products, and services and foster healthy competition in the financial […]
By Hayder Indhar with Laure Al-Khoury, for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Climate change and filthy water drive disease in Iraq Dirty and unsafe water is a prime health threat in Iraq, one of the five countries worst […]
By John Lee. Jordan's Ministry of Energy and Mineral Resources has said that a number of tankers carrying crude oil from Iraq to Jordan have returned before entering Jordan due to protests at the Terbil [Trebel] border crossing. It said this decision was made to ensure the safety of drivers and the tankers. It added […]
