By Sarah Dhafir, for The Station. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. For three years now, The Station has been working in the field of training, providing multiple specialties for Iraqi youth and Startups. After 3 years of building up, The Station […]
By John Lee. Iraq's Deputy Prime Minister and Finance Minister has reportedly said that he supports a floating exchange rate for the Iraqi currency, the dinar. Shafaq quotes Ali Allawi (pictured) as telling a press conference on Thursday that the Central Bank of Iraq (CBI) intervenes occasionally to keep the dinar in the range of […]
By John Lee. Australian citizen Robert Pether and his Egyptian colleague Khalid Radwan, who have been detained in Iraq since early April, have reportedly been found guilty of fraud, and sentenced to five years in prison. The pair are also reported to have been jointly fined $12 million. Their detention followed a contract dispute relating […]
The Digital Democracy Challenge is a global hackathon led by Seedstars that aims to develop innovative solutions that strengthen and enhance digital democracy for citizens living under strict cyber restrictions and control. Interested applicants can sign up here before 13th September 2021: https://seedsta.rs/3jDq82s. The Digital Democracy Challenge seeks innovative, low-cost, and viable digital solutions to […]
By John Lee. The Iraqi cabinet has approved a plan to restructure the ownership of the giant Rumaila oilfield. The field will be taken over by the newly-created Basra Energy Company (BECL), which in turn will be owned by BP and the China National Petroleum Corporation (CNPC). According to a statement from the Ministry of […]
By John Lee. Iraq has signed an "agreement of principles" with state-owned PowerChina (Power Construction Corporation of China) to build a 2,000-MW solar power station. The Director General of the Investments and Contracts Department at the Ministry of Electricity, Mrs. Maha Hamoudi Abdul-Jabbar, signed on behalf of the Iraqi side, while the Deputy General Manager […]
By John Lee. Iraq's Ministry of Oil has announced finalised oil exports for July of 90,467,794 barrels, giving an average for the month of 2.918 million barrels per day (bpd), slightly up from the 2.892 million bpd exported in June. The exports from the oilfields in central and southern Iraq amounted to approximately 87,455,359 barrels, […]
By John Lee. The Chairwoman of the National Investment Commission (NIC), Suha Daoud Najjar, has confirmed that the NIC is studying compensating investors who are still continuing their investment projects despite suspension for four years due to ISIS terrorist gangs. She indicated that the study includes submitting a proposal to the Council of Ministers and […]
Menzies Aviation expands MASIL joint venture with launch of passenger services at Baghdad International Airport Menzies Aviation has announced that it has expanded its joint venture with Iraqi Airways ("MASIL") to offer passenger services at Baghdad International Airport. MASIL has now assumed operational control of passenger service activities in the Nineveh terminal at Iraq's largest […]
By John Lee. The European Commission has proposed to the Council to adopt temporary restrictive measures on short-stay visas for visa applicants who are nationals of Iraq, Bangladesh and The Gambia. Under the revised Visa Code in force since February 2020, the EU's short-stay visa policy is linked to cooperation with partner countries on readmitting […]
By John Lee. Iraqi Minister of Industry and Minerals, Manhal Aziz Mahmoud Al-Khabbaz, has announced the official start of construction of a new cement plant in Badoush, in Nineveh Governorate. The $220-million project is being carried out by the General Company of Iraqi Cement and a Spanish company, which the Ministry did not name. The […]
By John Lee. Japan's Minister for Foreign Affairs, Motegi Toshimitsu, visited Iraq on Saturday, meeting with Foreign Minister Fuad Hussein, Prime Minister Mustafa Al-Kadhimi, and President Barham Salih. Minister Motegi announced that Japan intends to extend the "Basrah Refinery Upgrading Project (Phase 3)" Yen loan project (up to the amount of 32.7 billion yen) [$300 […]
