Kurdistan Region Government (KRG) Prime Minister Masrour Barzani met with a number of entrepreneurs, investors, businessmen and representatives of several French companies at the headquarters of the Mouvement des Enterprises de France (MEDEF) in Paris. In the meeting, the Prime Minister highlighted the general economic situation in the Kurdistan Region and the reforms of the […]
By John Lee. Prime Minister Mr. Mohammed S. Al-Sudani, met on Friday with the British Foreign Minister, Mr. James Cleverly, on the sidelines of the Munich Security Conference. The meeting focused on bilateral relations and ways of developing them. They also discussed the regional and international developments, as well as discussing strengthening cooperation and partnership […]
By John Lee. The Iraqi Minister of Interior, Abdul Amir Al-Shammari, and its Saudi counterpart have signed a security memorandum of understanding, which is the first of its kind since 1983. The agreement includes various forms of security cooperation, exchange of ideas, and joint security efforts to enhance security for both countries. The signing was […]
By John Lee. Iraq's Council of Ministers has approved a list of additional import taxes aimed at protecting domestic producers: Imposing an additional customs fee of 65% on "epoxies and modern dyes" imported into Iraq from all countries and manufacturers for four years without reducing it and monitoring the local market while applying the additional […]
By John Lee. The Minister of Industry and Minerals, Prof. Dr. Eng. Khaled Battal Al-Najm, met with a delegation from the Sultanate of Oman to discuss opportunities for cooperation in the fields of phosphate and fertilizer industries. Iraq has a large stockpile of phosphates and is ready to partner with Oman to build a new […]
Kurdistan to export three more agriculture products in 2023 The Prime Minister of Kurdistan Region, Masrour Barzani, and his administration has been following a reform plan to develop the agricultural sector of the Kurdistan Region and to find domestic and international markets for local produce, consequently boosting and diversifying the region's economy. Within the framework […]
By John Lee. Iraq's Judicial Development Institute (JDI) has organized a workshop for judges of first-instance courts on the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards. Judge Kadhim Abas Habib, vice-president of Federal Court of Cassation, lectured in the workshop. A judge from each appeal court and six judges from […]
Waste gas used to generate power in Garmian, Kurdistan A significant step taken by the ninth cabinet of the Kurdistan Region Government (KRG) was to reduce the impact of waste gas on the environment and produce electricity using this gas from oil wells. The Garmian waste-gas-to-power-plant project is a 165-MW facility of its kind in […]
By Ashish Kumar Sen for the United States Institute of Peace (USIP). Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Fighting Corruption Harder than Fighting ISIS, Says Iraq's Deputy Prime Minister Fuad Hussein lays out Iraqi government's priorities, says Iraq's interests dictate its […]
By John Lee. Al Shamsh Co. For Trading & General Contracting has won a new contract with the United Nations Secretariat for the extension of Al-Aadil Health Center in Ramadi district, Anbar Governorate. The contract is valued at $129,912. (Source: UNGM)
By John Lee. Subscription video on demand service StarzPlay has reportedly announced its partnership with Iraq's Almanasa to provide STARZPLAY's diverse breadth of entertainment and sports offering for subscribers in the market. As part of the three year agreement, STARZPLAY will provide its core product catalogue of movies and TV shows for Almanasa subscribers in […]
By John Lee. The Iraqi Drilling Company (IDC) has begun drilling the FQCS-88 oil well at the Fakka oil field in eastern Maysan [Missan] province. The 2,000-horsepower IDC 55 rig is operating as part of a project to drill 22 oil wells for the China National Offshore Oil Corporation (CNOOC). It will drill to a […]
