From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Deep Dive: Iran inks security accord with Iraq as regional diplomacy revved up The secretary of Iran's Supreme National Security Council (SNSC) has capped off a busy month of dialogue with Arab states […]
By Simon Watkins for the OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Ban On IOCs In Iraqi Kurdistan May Be Lifted The recent signing by Iraq's federal government in Baghdad of three long-term oil and gas sector contracts with the UAE's Crescent […]
Low-cost carrier Air Arabia Abu Dhabi has announced the launch of its two new routes from Abu Dhabi to Baghdad and Erbil. The new direct flights will connect Abu Dhabi International Airport to both Baghdad International Airport (BIAP) and Erbil International Airport with a frequency of two flights per week starting from June 22, 2023. […]
By John Lee. Prime Minister Mr. Mohammed S. Al-Sudani attended the final signing ceremony of the contracts for the fifth licensing round for border zones and fields, held on Tuesday 21st February at the headquarters of the Ministry of Oil. The Prime Minister pointed out that implementing the fifth licensing round was delayed for five […]
By John Lee. Iraq's Minister of Oil, Hayan Abdul-Ghani, has announced that the final signing of contracts for the fifth round of energy licences will take place next week. These contracts relate to the development and production of six fields and exploratory blocks in border areas, which were granted to the following companies: Development blocks: […]
By John Lee. Prime Minister Mohamed Shia Al-Sudani met on Thursday evening in Abu Dhabi with a number of Emirati businessmen and heads of prominent companies, on the sidelines of his official visit to the United Arab Emirates. The meeting included a review of the available prospects for investment and economic cooperation with Iraq, and […]
By John Lee. Iraq's Council of Ministers has approved the recommendation of the Economic Energy Council to sign contracts for the fifth energy licensing round. According to a government statement, the fifth-round projects had been suspended for four years due to "a complaint about the correctness of the procedures." It adds that, "after this file […]
Dana Gas PJSC has announced its preliminary financial results for the full year ended 31 December 2022: The Company reported net profit of AED 667 million ($182mm) in 2022 as compared to AED 1.16 billion ($317mm) in 2021. Excluding other income and impairments, Dana Gas reported adjusted net profit of AED 718 million ($196mm) as […]
From Five One Invest. Re-published with permission by Iraq Business News. ECOSYSTEM OVERVIEW The Iraqi startup ecosystem started with a bang this year. In Q1 of 2022, we witnessed an unprecedented $10.5M investment round (Baly) and $5M (TipTop). The excitement revolved not only around investment value but also around the investor profile. Specifically, Baly's round […]
By John Lee. Zain Group has announced that its operation in Iraq has entered into a definite 15-year agreement to sell and leaseback, as well as the management rights of the passive physical infrastructure of its 4,968 tower portfolio in Iraq to TASC Towers Iraq for US$180 million. The deal also comprises of TASC Towers […]
By John Lee. The Dubai-based air and travel services provider dnata has broken ground on its new, 20,000-m2 cargo warehouse at Erbil International Airport (EBL). According to a statement from the company, the facility represents an investment of US$ 14 million and will create up to 50 additional, direct jobs with dnata in Iraq. The […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Gulf Cup gives Iraq chance to draw closer to Arab neighbors Iraq is about to embark on a new chapter in its sporting history. From 6th-19th January, Basra will host the 25th edition […]
