By John Lee. Iran has reportedly named its new Ambassador to Iraq. According to both Tehran Times and Mehr News, Mohammad Kazem Al Sadeq will soon replace Iraj Masjedi as Iran's top diplomat in Baghdad. On Twitter, Fereshteh Sadeghi (@fresh_sadegh), says that Al Sadeq is from a family of clerics, is fluent in Arabic, and […]
The International Trade Centre's Strengthening the Agriculture and Agri-food Value Chain and Improving Trade Policy (SAAVI) project has signed a partnership agreement with Zuhoor al Watan in Baghdad. SAAVI will collaborate with Zuhoor al Watan, one of the largest agricultural and poultry production companies in Iraq, to connect smallholder producers, strengthen their capacity, and create […]
By John Lee. UK-based Scanna MSC Ltd has won a contract with the United Nations Office for Project Services (UNOPS) for the supply of its XR-200 X-Ray Systems for the disposal of explosive ordnance in Iraq. According to the company's website, the XR200 is a "150 kV, battery powered, pulsed X-ray generator used in security and […]
By Ahmed Tabaqchali, Chief Strategist of AFC Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Market Review: "The Opportunity in Retail Banking" The market, as measured by the Rabee Securities RSISX USD Index, was up 6.9% for the month, and up 16.2% […]
By John Lee. Chinese automobile brand Exeed is reportedly planning to enter the Iraqi market later this year. According to Zawya, two of Iraq's leading car dealers are currently in talks with the automaker. The brand was introduced by China's Chery Automobile in 2018. (Source: Zawya)
By John Lee. Work has started on the construction of 40 new schools in Najaf, as part of the Chinese-funded plan to build 1,000 schools across the country. The schools will be built by the Power Construction Corporation of China (PowerChina). The Secretary-General of the Council of Ministers, the Minister of Education and the Governor […]
By John Lee. Dari Concepts LLC, Newark, Delaware, has been awarded a $10,026,228 firm-fixed-price contract for labor, materials and supplies to acquire, deliver and install security systems along the perimeter of the International Zone in Baghdad, Iraq. Bids were solicited via the internet with eight received. Work will be performed in Baghdad, Iraq, with an […]
By John Lee. Al-Ekhwa Al-Nubalaa for General Trading & Contracting Limited has won a contract with the United Nations Secretariat for the "rehabilitation of 60 War Damaged Houses in Al Asry Neighboorhood, Baiji District, Salah Al Din Governorate." The contract is valued at $157,815, and is scheduled to be completed by 7th July 2022. (Source: […]
By John Lee. Royal Jordanian Airlines and the National Bank of Iraq (NBI) have sealed an agreement to introduce the first co-branded credit card in Iraq under RJ's frequent flyer program "Royal Club". This co-branded credit card allows its holders the opportunity to earn additional miles on each payment when using the bank's credit card, […]
By John Lee. The Sri Lankan Ministry of Foreign Affairs has announced that it will temporarily close its Embassy in Baghdad. The decision, with effect from 30 April 2022, is part of a general restructuring of Sri Lanka's diplomatic representation overseas, undertaken in the context of economic situation and foreign currency constraints faced by the […]
The IBBC Iraq conference at the Mansion House - meeting at a most important time for Iraq - Tuesday 24 May After a two-year absence, IBBC is back at the Mansion House hosting its Iraq conference on Tuesday May 24th focusing on finance, energy and sustaining economic growth in Iraq. The country stands at another pivotal moment with […]
By John Lee. Iraq's Ministry of Oil has announced preliminary oil exports for March of 100,563,999 barrels, giving an average for the month of 3.244 million barrels per day (bpd), down slightly from the 3.314 million bpd exported in February. The exports from the oilfields in central and southern Iraq amounted to approximately 99,115,064 barrels, […]
