WFP and Iraq develop a mangrove nursery in Basra to foster sustainable development and combat the climate crisis The United Nations World Food Programme (WFP), in partnership with the local government of Basra, Iraq's Ministry of Environment, and the University of Basra's Marine Science Centre started a mangrove nursery in the tidal flats region with […]
By John Lee. The Kurdistan Regional Government (KRG), in collaboration with UNICEF, has initiated the 'cooperative ponds' program, which entails providing farmers with financial and technical support to build ponds for collecting rainwater. The initiative, which aims to reduce water shortages and lessen the impact of drought, is considered a national priority. The ponds will […]
By John Lee. More information has been revealed about the entry of US-based Duck Donuts to the Iraqi market. The company announced in April that it had signed a franchise agreement for 10 shops in Iraq, but gave no further details. Franchise Times has now reported that the franchisee is Rian Mohammad, an engineer and […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. ICC Awards, FSC Decisions and The Three-Years State Budget A heated debate dominates domestic politics in Iraq nowadays, indicating possible sever fracture in internal geopolitics and political alliances. Strong and effective correlation […]
By John Lee. Iraq's Ministry of Oil has announced finalised oil exports for April: Total exports of crude oil in April: 98,634,947 barrels Revenues from April's crude oil exports: $7.699 billion Oil fields in central and southern Iraq accounted for all of April's crude oil exports, as exports from Kirkuk through the port of Ceyhan […]
By John Lee. Iraq is reportedly seeking to include Rafale fighter jets from the French company Dassault in the Iraqi Air Force. A spokesman for the Commander-in-Chief of the Armed Forces told state-run Iraqi News Agency (INA) that Iraq will purchase modern military equipment from many countries, including the Republic of France. He also emphasised […]
By John Lee. The Iraqi General Authority for Railways has been assigned the task of finalizing the proposed route for a significant railway project that aims to extend from the coastal areas to the southern part of the port of Khor Al-Zubayr. The authorities emphasize the importance of planning the route outside the boundaries of […]
By John Lee. Saudi Arabia's sovereign wealth fund has reportedly capitalised its new Iraq fund with $3 billion. The Saudi-Iraqi Investment Company, which will have its headquarters in Saudi Arabia, is part of a $24-billion initiative announced last year. According to Alarabiya, the acting CEO will be Muteb Alshathri. More here. (Source: Alarabiya)
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq signs contracts with buyers of Kurdistan Region's oil: Minister Iraq's oil minister on Thursday told Rudaw that they have signed contracts with four companies to buy about half a million barrels of the […]
By John Lee. Iraq's Ministry of Oil has issued a "clarification" on its previous statement regarding involvement of Saudi Aramco in the Akkas field in Basra. On Thursday, the Ministry originally stated that it had an agreement with Saudi Aramco to invest in the field. Later in the day, it issued a clarification, saying that […]
By John Lee. Iraq's Council of Ministers has approved measures to expedite the construction of the new railway connection between Basra and the Iranian city of Shalamcheh. The approved actions include facilitating the transfer of land ownership to the Ministry of Transportation, ensuring necessary facilities are provided. Additionally, the General Company for Iraqi Railways, under […]
By John Lee. At a meeting on Thursday between Iraqi President Abdullatif Jamal Rashid and Minister of Foreign Affairs Jan Lipavsky of the Czech Republic, President Rashid expressed hope that Czech companies would contribute to important investment projects and collaborate with Iraqi companies. Minister Lipavsky emphasized the eagerness of Czech businesses to invest in Iraq. […]
