The latest news on Iraq – Kuwait business – investment, Disputes and more – brought to you by Iraq Business News
By John Lee. Kuwaiti logistics firm Agility has announced that Iraq's Korek Telecom has been ordered to pay it nearly $1.2 billion in damages. The judgement by International Chamber of Commerce (ICC)'s International Court of Arbitration relates to allegations of fraud and corruption orchestrated by Korek with a view to unlawfully causing the expropriation Agility's […]
By John Lee. On-demand food and Q-commerce app talabat has announced a new partnership with the Asian Football Confederation (AFC), becoming an Official Regional Partner of the AFC club competitions. Under the partnership, talabat will deliver prizes and other benefits for football fans in Iraq, the UAE, Qatar and Jordan. A spokesperson for talabat told […]
By John Lee. The Kuwait Fund for Arab Economic Development (KFAED) has said it will provide two KWD 35 million (USD 224 million) loans to support the Gulf Electricity Interconnection System Project, which will export electricity from Saudi Arabia to Kuwait and Iraq. According to a press release from the Fund, the financing constitutes 40 […]
By John Lee. On Thursday, Dr. Haider Mohammed Makkiya, President of the National Investment Commission (NIC), met with a team from the United Nations Development Programme (UNDP), led by Mr. Mamunur Rashid, the Environment, Energy, and Climate Change Program Portfolio Manager. According to a statement from the NIC, the discussions focused on enhancing cooperation between […]
From Action Contre la Faim (ACF). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Farmers in southern Iraq hit by water crisis Situated at the crossroads of Iran, Kuwait and Saudi Arabia, Basra is surrounded by salt-stained desert plains and the flares of oil […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Debate: Will Iraq, Kuwait succeed in truly turning the page? Former Iraqi leader Saddam Hussein's 1990 invasion of Kuwait cratered the relationship between the two neighbors. More than three decades later, even with […]
By John Lee. The General Company for Communications and Informatics, a division of Iraq's Ministry of Communications, has signed a contract with Kuwaiti company Al-Zajil to transit international communications to Europe through Iraq via Turkey. Al-Zajil is a subsidiary of Kalaam Group. Minister of Communications, Dr. Hayam Al-Yasiri, emphasized that the signing of the contract […]
By John Lee. The Prime Minister of the Kurdistan Regional Government (KRG) has held a meeting with a delegation from the banking sector, including Jordan Kuwait Bank and the Bank of Baghdad. According to a statement from the KRG, the meeting focused on potential collaborations and projects to enhance the banking infrastructure and spur economic […]
By John Lee. Kuwait and Saudi Arabia have renewed their call for Iraq to respect the agreement between the Iraq and Kuwait on the regulation of maritime navigation in the Khor Abdullah waterway. In September, the Iraqi Federal Supreme Court declared the agreement to be unconstitutional. A joint statement issued on Wednesday at the conclusion […]
By John Lee. Qatar's Ooredoo, Kuwait's Zain Group and TASC Towers Holding of Dubai are to create the largest tower company in the MENA region, in a cash and share deal. The enlarged tower company, comprising approximately 30,000 towers, has a combined estimated current enterprise value of USD 2.2 billion. Ooredoo and Zain will equally […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Deep Dive: Iraq-Kuwait tension escalates amid renewed focus on maritime boundary Kuwait is ramping up pressure on Iraq to safeguard a 2012 deal on the demarcation of boundaries in a small but vital […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Scoop: Plans for historic GCC-Iran-Iraq dinner in New York collapse Plans for a historic meeting in New York gathering the foreign ministers of Gulf Arab states, Iran and Iraq have collapsed at the […]
