By John Lee. Conflicting tracking data has raised uncertainty over the movements of the Omega Trader, an oil supertanker carrying Iraqi crude, amid ongoing disruption to shipping routes near the Strait of Hormuz. Ship-tracking data in recent days reportedly indicated the tanker had arrived near Mumbai, while its manager, Mitsui OSK Lines Ltd, said the […]
By John Lee. India-based Apollo Hospitals has reportedly signed a strategic partnership agreement with Iraq's Ministry of Interior to assume management of the Internal Security Force Hospital. According to India Pharma Outlook, the collaboration aims to deliver advanced medical services and specialised care for Iraq's internal security personnel and their families. Dr. Prathap C. Reddy, Founder-Chairman […]
By John Lee. Iraqi Prime Minister Mohammed Shia Al-Sudani has laid the foundation stone for the Medical Health City project in southern Baghdad, covering an area of 120,000 m². The launch ceremony was attended by the Minister of Health and representatives of international pharmaceutical companies. The project includes five pharmaceutical factories with a total investment […]
By Nicholas Oakes, for the International Policy Digest. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. From Pipeline to Policy: Iraq's Quiet Return to Global Energy Relevance Recent deals with China, India, and France point to a strategic effort to diversify trade partnerships, hedging […]
By John Lee. The Iraqi Prime Minister has expressed Iraq's interest in joining the International Solar Alliance (ISA). Mohammed S. Al-Sudani made the comment in a statement following a meeting with India's newly appointed Ambassador to Iraq, Sumin Baghchi. The ISA, headquartered in India, describes itself as a collaborative initiative between India and France aimed […]
By John Lee. Iraq's Council of Ministers authorised the Ministry of Agriculture to contract with Date Palm Developments Ltd (DPD) to supply 20,000 tissue-cultured palm seedlings as part of the National Program for Date Palm Rehabilitation and Seedling Propagation in Iraq for 2024. The council also exempted it from government contracting and budget execution regulations. […]
By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani met with India's newly appointed Ambassador to Iraq, Sumin Baghchi, to discuss bilateral relations and economic collaboration. Al-Sudani emphasized Iraq's commitment to strengthening ties with India, proposing the establishment of an Iraq-India Economic Cooperation Council and the activation of the Iraq-India Business Council. He also invited […]
By John Lee. Transformers & Rectifiers (India) Ltd (TARIL) has announced that it has won a contract to supply Iraq's Al Sabha Group with electrical transformers. The contract value was not stated, but combined with another contract to supply an Australian company, the total value is 78 Crore Rupees [$8.9 million]. (Source: TARIL)
By John Lee. Prime Minister Mohammed Shiaa Al-Sudani received representatives from the Chinese company China Railway, which is implementing the development project of Al-Nesoor Square in central Baghdad, as part of the first package of projects aimed at alleviating traffic congestion in the capital. During the meeting, attended by several advisors to the Prime Minister, […]
By John Lee. The Central Bank of Iraq (CBI) has reportedly made agreements to support several private Iraqi banks with foreign currency. State-run Iraqi News Agency (INA) quotes a government source as saying that, following meetings in Abu Dhabi with US officials, it has been agreed, "to boost the advance balance of five Iraqi banks […]
By John Lee. A report from Telegraph India suggests that ONGC Videsh Ltd (ONV) is considering resuming operations in Iraq. The company received the rights to Block 20 in the Western Desert (then known as "Block 8") in 2000, but declared force majeur in 2003 due to the security situation at that time. According to […]
By John Lee. India has reportedly started talks with Iraq regarding building facilities to liquefy natural gas that is currently flared, and transporting it as liquefied natural gas (LNG) to India. The Indian Express quotes an anonymous senior Indian official as saying, "we are exploring if our companies can set up plants in Iraq to […]
