By John Lee. The United States has imposed sanctions on the Iraqi airline Fly Baghdad, and on its CEO, Basheer Abdulkadhim Alwan al-Shabbani. In a statement on Monday, the Department of the Treasury's Office of Foreign Assets Control (OFAC) said the airline, "provid[ed] assistance to the Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF) and its proxy […]
By John Lee. Iraq's Oil Products Distribution Company, in collaboration with supporting security forces, have successfully broken an oil smuggling ring. According to a statement from the Ministry of Oil, a raid was carried out on a garage in the Khor Al-Zubair area, at which they seized 29 tankers loaded with oxidized asphalt [oxidized bitumen], […]
By John Lee. Iraq's Deputy Prime Minister and Foreign Minister, Fuad Hussein, has met with Director General of International Atomic Energy Agency (IAEA), Rafael Mariano Grossi, at the Agency's headquarters in Vienna. The meeting was attended by permanent representative to the IAEA, Ambassador Bakr Fattah Hussein. During the meeting they discussed prospects for cooperation between […]
By John Lee. Canada's Shamaran Petroleum and US's HKN Energy are to aquire Abu Dhabi National Energy Company (TAQA)'s interest in the Atrush oilfield in Iraqi Kurdistan. In a regulatory statement on Monday, TAQA said: "... Abu Dhabi National Energy Company PJSC ("TAQA") has, through its wholly-owned subsidiary, TAQA International BV, entered into definitive agreements […]
By John Lee. In a move to enhance the investment sector and align with the directives of the Ministry of Finance, Rafidain Bank has announced the issuance of the third series of reconstruction bonds for amounts of 500,000 and 1,000,000 Iraqi dinars. The bonds carry an annual interest rate of 6% and 8% for two […]
By John Lee. Ziad Ali Fadel, Iraq's Minister of Electricity, chaired a strategic meeting with the Emirati company, Masdar, to move forward with the establishment of solar energy projects totaling 1,000 megawatts for the first phase. The meeting was attended by several advisors and general directors. The Minister stated that this meeting is a continuation […]
By John Lee. On Saturday, Prime Minister Mr. Mohammed Shiaa Al-Sudani inaugurated the intersection bridge near the College of Fine Arts in the Rusafa district of Baghdad. This bridge is the first among the traffic congestion relief projects launched by him last year in the capital, Baghdad. T According to a statement from the Prime […]
By John Lee. Iraq's Minister of Transport, Razzaq Muhebess Al-Saadi, welcomed the Ambassador of the People's Republic of China, Mr. Tsui Wei, at the ministry's headquarters to discuss cooperation between the two countries. The minister expressed the desire to enhance the partnership with China, which he described as "a friendly country to Iraq both in […]
By John Lee. The official spokesman for Iraq's Ministry of Planning, Abdul Zahra Al-Hindawi, has said that Iraq has experienced stability and a decrease in inflation rates over the past two years. In 2021, the inflation rate was 6 percent, decreasing to 5 percent in 2022, and further dropping to 4.4 percent in 2023. He […]
By John Lee. Iraq's National Investment Commission (NIC) has hosted a joint meeting with the Ministries of Industry and Minerals and Electricity to discuss the technical proposal for establishing a turbine maintenance workshop. The proposal was presented by the French engineering company "Warmer" [IBN believes it to be Wamar Engineering], along with its Iraqi partner, […]
By John Lee. The Iraqi government's "Ur" electronic portal, has successfully expanded its e-government services, offering 708 services, of which 352 are electronic and 356 are paper-based. Government spokesman, Haider Majid, also told the state-run Iraqi News Agency (INA) that the portal has more than 2.3 million registered users. He said Ur includes 6,358 governmental […]
Basrah Gas Company and WFP Iraq launch a climate adaptation project to support smallholder farmers in Basrah Basrah Gas Company (BGC) and the United Nations World Food Program (WFP) have signed an agreement aiming to support local farmers in the Al Zubair district in Basrah through a climate change adaptation initiative which sets out to […]
