By John Lee. Prime Minister Mustafa al-Kadhimi, in his role as Commander-in-Chief of the Armed Forces, has been presented with the first pistol to be produced by Iraq's Defence Industries Commission (Military Industrialization Authority). The 'Babel' handgun was presented by the Commission's President, Mohamed Sahib Al Daraji, to the Prime Minister on the sidelines of […]
By John Lee. Prime Minister Mustafa al-Kadhimi has laid the foundation stone for the project to build 1,000 schools across Iraq. The schools will be built with support from the People's Republic of China.. Contracts for the project were signed last December with the Power Construction Corporation of China (PowerChina) and Sinotech. (Source: Media Office […]
By John Lee. The Brazilian Ambassador to Iraq has said that there are promising opportunities to enhance relations and economic development between the two countries. Pointing out that Brazil imports 80 percent of its fertilizer needs, Luis Evaldo Santos (pictured) told Al-Sabaah that Iraq can supply this commodity to Brazil, especially with its large stocks […]
The President and Chairman of the Trade Bank of Iraq (TBI) has said that he expects it will be "a number of years" before payment processing services such as Paypal and Stripe will be able to operate in Iraq. Responding to a question from Iraq Business News (IBN) at the Iraq Britain Business Council (IBBC)'s […]
Mobile phone operator Asiacell has selected UK-based MCP Insight to provide their anti-fraud and compliance monitoring solutions for Asiacell's Value Added Services and Direct Carrier Billing services. MCP will be working closely with IQ Services, the Carrier's internal Master Aggregator, who manage all merchants offering services on Asiacell's network. MCP's combined Scanner and Shield solutions […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 16th June 2022). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD981 (-0.3%) / $858 (-0.3%) (weekly change) (+6.9% and +6.5% YTD change, respectively). The number of week traded […]
By John Lee. Iraq's Ministry of Industry has reportedly invited investors for its new Wasit Industrial City. The Director of Planning at the Industrial Cities Authority of the Ministry, Amal Hassan Al-Bazzouni, told Al-Sabaah news agency that the authority was keen to make the industrial city environmentally friendly. The development will cover an area of […]
By John Lee. The Minister of Natural Resources of the Kurdistan Regional Government (KRG) has filed a civil suit against the Baghdad Minister of Oil, accusing him of sending emails and letters with the intention of intimidating international oil companies (IOCs) and interfering with the contractual rights of the IOCs and the KRG. The KRG […]
By John Lee. US-based engineering company Kellogg Brown & Root (KBR) has agreed to a settlement of nearly $14 million to resolve allegations of fraud relating to its activities in Iraq. According to a statement from the US Department of Justice, the claims resolved by the settlement are allegations only and there has been no […]
By John Lee. The Iraq Britain Business Council (IBBC) has announced that Baghdad-based Etihad Law has joined the organisation as a new member. Etihad provides legal services to individuals and corporations, and provides financial services supporting small- and medium-sized projects. The firm was founded by Ahmed Al Hankawi and AbdulHadi Al Shimary. (Source: IBBC)
By John Lee. Saudi Arabia has approved a memorandum of understanding (MoU) with Iraq, under which Saudi Arabia would provide electricity to Iraq. The agreement was approved at meeting of the Saudi cabinet (pictured) on Tuesday, chaired by King Salman bin Abdulaziz Al Saud. According to the state-controlled Iraqi News Agency (INA), the routes of […]
By John Lee. The Iraqi government has decided hold an "electronic national population census" in the last quarter of next year. The decision was taken at a meeting of the country's Higher Population Council, which was chaired by Prime Minister Mustafa al-Kadhimi. (Source: Govt of Iraq)
