By John Lee. The Iraqi Prime Minister has said that Iraq stands firm on its position that it will not engage in any railway connections for cargo transport until the Faw Port and Development Road project are completed. At a conference on Economic Integration in Baghdad, Mohammed Shia Al-Sudani continued: "Progress is evident in these […]
By John Lee. ADNOC Logistics and Services plc (ADNOC L&S), has taken delivery of eight self-propelled jack-up barges (JUBs) through its subsidiary Zakher Marine International (ZMI) Holdings. In a statement to the markets on Monday, it said that one of the barges will serve the Iraqi market, "marking ADNOC L&S' entry into a new market […]
By Ragip Soylu for Middle East Eye. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Turkey seeks $950m damages against Iraq over KRG oil dispute Turkish interest calculations suggest Baghdad has to pay $950m to Ankara in ICC award that initially ruled $1.4bn […]
By John Lee. Arab Tourism Organization and International Development Bank Sign Cooperation Agreement to Boost Arab Tourism Development The Arab Tourism Organization (ATO) and Iraq's International Development Bank (IDB) have signed a cooperation agreement aimed at enhancing collaboration to harness opportunities for the development of the tourism sector. The Arab Tourism Organization's President, Dr. Bandar […]
By Amnesty International. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq: Release Kidnapped Scholar The Iraqi government should take steps to ensure the immediate and unconditional release of Elizabeth Tsurkov, a US-based scholar who was kidnapped in Iraq on March 21, 2023, four organizations including Amnesty International […]
By John Lee. During the opening of the first Iraq Oil Projects Exhibition and Licensing Rounds Conference in Baghdad at the weekend, the Minister of Oil reiterated his claim to have increased Iraq's oil and gas reserves by adding 6 billion barrels of crude oil and 32 billion standard cubic feet of gas. (Oil reserves […]
DNO ASA, the Norwegian oil and gas operator, has announced that Christopher Spencer has been appointed Managing Director of the Company as Bjørn Dale steps down as part of a planned management transition initiated last year. Mr. Spencer has been DNO's Chief Operating Officer since 2021. Before joining DNO six years ago, he served as […]
From the United Nations Development Programme (UNDP): UNDP Iraq and USAID Seek to Revitalize Tourism in the Kurdistan Region In a milestone event aimed at reviving tourism in the Kurdistan Region of Iraq (KRI), the United Nations Development Programme (UNDP) in Iraq and the United States Agency for International Development (USAID) partnered with the Kurdistan […]
By John Lee. The Iraqi Federal Supreme Court has declared the law approving the agreement between the Iraq and Kuwait on the regulation of maritime navigation in the Khor Abdullah [Khawr Abd Allah] to be unconstitutional. It said that Law No. 42 of 2013 is in violation of Article 61/IV of the Iraqi Republic Constitution, […]
By John Lee. Samsung Electronics Middle East has signed a memorandum of understanding (MoU) with Iraq's Qi Card. According to a press release from Samsung, the partnership "aims to provide advanced technological products and solutions to traders, citizens, and agents of both companies with attractive commercial offers throughout Iraq." It adds: "The two companies will […]
By John Lee. Five Iraqi start-ups are reported to be among the 24 new businesses selected to take part in Flat6Labs' StartMashreq Growth Track programme. The programme, which started in June and will run until December 2024, is part of StartMashreq's broader vision to inspire and support displaced entrepreneurs and empower female-led startups in the […]
By John Lee. In the latest credit rating report by Standard & Poor's (S&P), Iraq has retained its credit rating at B- / B with a stable outlook. According to the statement from the Ministry of Finance, the report highlights Iraq's financial and economic stability. It continues: "This new rating reflects Iraq's continued economic and […]
