By John Lee. The Council of Ministers has approved the signing by Basra Oil Company (BOC) of a Heads of Agreement (HOA) and a non-disclosure agreement (NDA) with a consortium comprising US firm Capital TI, Qatar's UCC [Urbacon Trading & Contracting], and US major Chevron. The approval allows for a state-owned company to be added […]
By Yaqoub Yousif Al-Khudhur, for the Al-Bayan Center for Planning and Studies. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Restructuring and Change of Ownership as a Prerequisite for Expanding the Iraqi Oil Tankers Company: An Analytical Feasibility Study Since Iran began closing the […]
By John Lee. Iraq has for the first time marketed cross-border internet transit capacity to Qatari company Gulf Bridge International (GBI), using the 'Civilisations Route' project stretching from Al Fao to Rabia. According to the Ministry of Communications, the agreement was concluded under an Indefeasible Right of Use (IRU) model, under which fibre-optic strands from […]
By John Lee. The TIR international road transit system became fully operational in Iraq on 1 April 2025, with transport companies opening seven routes via the country and completing more than 1,000 operations within the first eight months, according to the International Road Transport Union (IRU). Iraq subsequently made TIR mandatory for all goods transiting […]
By John Lee. Asiacell, a member of Qatar's Ooredoo Group, has signed a multi-year strategic partnership with French football club Paris Saint-Germain (PSG). The agreement is described as the first time an Iraqi company has entered into a partnership of this scale with a global sports club. Under the agreement, Asiacell will serve as PSG's […]
By John Lee. The National Investment Commission (NIC) has hosted the preparatory meeting for the eighth session of the Iraq-Qatar Joint Committee, ahead of formal talks scheduled to take place in Doha in March. The meeting was chaired by Engineer Salar Mohammed Amin, Vice Chairman of the Commission and Deputy Head of the Iraqi side […]
By John Lee. Baims, a MENA-based education technology group, has acquired MedMasters, an Iraq-based online medical education platform, marking its second strategic acquisition and its entry into the Iraqi market. The transaction expands Baims' regional footprint and strengthens its position in digital higher education across the Middle East. Founded by Dr. Abdulazeez Salam and Dr. […]
By John Lee. Iraq and Qatar have discussed steps to strengthen economic and trade cooperation, including advancing an investment protection and promotion agreement and expanding joint projects. The talks covered opportunities to diversify Iraq's import sources through Gulf states, improve logistics routes, and reduce transport costs by making greater use of advanced Qatari port services. […]
By John Lee. A new infant formula plant has begun construction in Baghdad, marking the launch of Iraq's first factory dedicated to producing baby milk and fortified nutrition products. The facility, the Mohannad Ali Abdullah Infant Formula Factory, is being built by the Qatari construction company Magnum and will manufacture infant formula for the Turkish […]
By John Lee. Iraqi Prime Minister Mohammed Shiaa Al-Sudani has laid the foundation stone for the Baghdad International Hospital, to be developed by Apex Health, a subsidiary of Qatar's Estithmar Holding [Qatari Investment Holding Company]. Al-Sudani welcomed the Qatari delegation and praised the project as a new chapter in bilateral cooperation, recalling the visit of […]
By John Lee. Major international entertainment and sports organisations have launched a coordinated campaign urging the Iraqi government to shut down illegal streaming platforms that are costing the country's potential digital media market up to $1 billion annually. The campaign follows the Iraq Without Piracy Summit held in Baghdad in February, which brought together local, […]
By John Lee. TotalEnergies, in partnership with Basra Oil Company (30%) and QatarEnergy (25%), has signed the final contracts of the Gas Growth Integrated Project (GGIP) at the Ratawi [Artawi] field in Basra, under the patronage of Prime Minister Mohammed Shia al-Sudani. The agreements include: a joint operating contract between the Ministry of Oil, Basra […]
