By John Lee. Capturiant, which describes itself as "the world's first energy-derived carbon credit and environmental asset authenticator, registry, and regulated exchange", has announced its first Middle Eastern franchise in Iraq, in partnership with Sharp Mind Global Ventures Inc., a Canada-based company with a branch in Iraq. According to a press release from Capturiant: This […]
By John Lee. Iraq's Minister of Higher Education and Scientific Research has launched the Academic Bridge Program between Iraq and the United Kingdom. Dr. Naim Al-Aboudi presented an official copy to the British Council during the Iraq-UK Higher Education Dialogue in London. In his speech, Dr. Al-Aboudi highlighted the broad and diverse collaboration opportunities between […]
By John Lee. The Iraqi Cabinet has approved exempting the Italian company GKSD from the registration requirements outlined in the amended Foreign Companies Branches System (2 of 2017). The Cabinet also approved funding the equipment and management contract for the Internal Security Forces Hospital from the budget of the Internal Security Forces Care Affairs Directorate, […]
By John Lee. Dr. Ali Al-Moayyed [Ali Hussein al-Moayad], Chairman of Iraq's Communications and Media Commission (CMC), has announced that KPMG has started auditing the revenues of mobile phone companies operating in Iraq from 2017 to 2022. According to a press release from the CMC, this initiative aims to enhance transparency, combat tax evasion in […]
By John Lee. The Iraq Development Fund Board, chaired by Prime Minister Mohammed Shia' al-Sudani, held its third meeting on Monday in the presence of the Minister of Finance, the Minister of Planning, and the Minister of Construction, Housing, Municipalities, and Public Works. The meeting discussed the projects included in the Fund's work plan, attracting […]
By John Lee. Oil Minister Hayyan Abdul Ghani commended the recent achievements in the refining sector during his visit to the Midland Refineries Company (MRC) on May 21, 2024. Accompanied by Deputy Minister for Distribution Affairs Ali Maarij, Abdul Ghani acknowledged the ministry and companies' efforts in adding 360,000 barrels per day of refining capacity […]
By John Lee. The Iraq Britain Business Council (IBBC) has announced the addition of MHDInternational to its network. According to a statement from IBBC: "MHDInternational, an engineering consultancy with operations throughout UK and the Middle East, joins IBBC in our mission to promote sustainable development and economic growth in Iraq ... "MHDInternational is also introducing […]
By John Lee. US President Joe Biden has continued the national emergency with respect to the stabilization of Iraq declared in Executive Order 13303 for 1 year. The order had been due to expire on 22nd May 2024. Full statement from The White House: On May 22, 2003, by Executive Order 13303, the President declared […]
By John Lee. The Iraqi Cabinet has decided to extend the tendering period for the Najaf-Karbala train project by an additional month. According to a statement from the Prime Minister's office, the extension was agreed in the hope of attracting more bids, and to "ensure competition beyond the single offer currently received." (Source: PMO)
By John Lee. Prime Minister Mohammed Shia' Al-Sudani chaired the fifth meeting of the Supreme Council for Youth, discussing and approving several initiatives: The Council launched the National Entrepreneurship Competition, in collaboration with the Riyada initiative, to support 100 youth-led entrepreneurial projects with loans up to 100 million dinars [$76,00] each. Additionally, the Council approved […]
By John Lee. Iraq's Middle Oil Company [Midland Oil Company] has signed a preliminary agreement with a joint venture consisting of the Chinese company Jereh and Petro Iraq to develop the Mansuriyah gas field. Deputy Minister for Extraction Affairs, Bassem Mohammed Khudair, stated that this contract is part of the Ministry of Oil's efforts to […]
By John Lee. The Director-General of Iraq's General Company for Railways has given more details about the role of the consultancy firm Oliver Wyman in the Development Road project. Younis Al-Kaabi told the state-run Iraqi News Agency (INA) that the consultation period is limited to 9 months, with the company to provide: A summary of […]
