The United Nations Development Programme (UNDP) is supporting the government of Iraq to strengthen its digital services and build its e-governance capabilities under a new Memorandum of Understanding (MoU) signed today with Iraq's Council of Ministers Secretarial (ComSec). The MoU focuses on harnessing and increasing the use of information and communication technology to modernize government […]
By John Lee. Iraq and Saudi Arabia have signed a memorandum of understanding (MoU) regarding the allocation of a grant from the government of Saudi Arabia to finance the renovation of Ibn Al Khatib Hospital in Baghdad. The Saudi embassy initially announced its support for the hospital last year, following a fire that killed at […]
By John Lee. Al Sanam Islamic Bank, a newly-established Islamic bank in Iraq, has selected ICS BANKS Islamic Banking software solution from ICS Financial Systems (ICSFS). The signing ceremony took place at ICSFS' centre of excellence, Amman, Jordan. According to a press release, Al Sanam Islamic Bank will provide comprehensive, Shari'a-compliant financing products and services […]
By John Lee. The General Company for Ports of Iraq (GCPI) has sent two marine dredgers to deepen the Khor Abdullah Navigational Canal. The company's general manager, Dr. Eng. Farhan Al-Fartousi, said the "Kufa" and "Al-Maqal" rigs will operate near the marine buoys no. 17 and 19, to improve the entry of large ships and […]
By Al Monitor staff. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraqi Sadrist protesters storm parliament Sadrist protesters stormed parliament on Wednesday, rejecting the formation of the government under the premiership of Muhammad Shia Sudani, who was nominated recently by a rival […]
By John Lee. Iraq's Ministry of Oil has engaged the Texas-based law firm Vinson and Elkins as a legal advisor in the US. Partner James Lloyd Loftis will meet with representatives of the Department of State, at their request, regarding a pending arbitration proceeding between Iraq and the Republic of Turkey. The Ministry will pay […]
By John Lee. Prime Minister Mustafa Al-Kadhimi has laid the foundation stone for a new power station in the Al-Furat district of Anbar Governorate. According to a statement from the Media Office of the Prime Minister, the total capacity of the plant is 1,642 megawatts, at a cost of one billion dollars, and the project […]
On July 27th, the Iraq Britain Business Council (IBBC), courtesy of the Sardar Group, hosted a reception at the Sardar Group Showroom on Gulan Street, Erbil. Guests included HE the Governor of Erbil and other regional Governors and Government officials, in addition to the UK Ambassador to Baghdad, Mark Bryson-Richardson and UK Consul General David […]
By John Lee. The Minister of Industry and Minerals, Manhal Aziz Al-Khabbaz, has re-opened a factory making low density polyethylene in Basra. The plant, run by the General Company for Petrochemical Industries, had been idle for more than 12 years. Capacity is said to be 120 tons per day, with high quality and high purity. […]
By John Lee. Saudi Arabia has approved a cooperation agreement with Iraq relating to maritime transport. The official statement following a meeting of the Saudi Cabinet said simply, "approving a cooperation agreement between the government of the Kingdom of Saudi Arabia and the government of the Republic of Iraq in the field of maritime transport," […]
By John Lee. Iraq Airways will reportedly start operating six flights per week from Pakistan. According to Associated Press of Pakistan, there will be four flights from Karachi and two from Islamabad, starting on 29th July, serving Baghdad and Najaf. The company appointed Wardah International Services (Pvt) Limited as its General Sales Agent (GSA) for […]
By John Lee. Iraq's Minister of Industry and Minerals, Mr. Manhal Aziz Al-Khabbaz, has officially opened a new fertiliser factory in Basra governorate. The plant, with a capacity of 1,500 tonnes per day, is a partnership between the State Company for Southern Fertilizers, and the UK-based AAA Holding Group. The opening ceremony was attended by […]
