By John Lee. The Central Bank of Iraq (CBI) has reportedly been ordered to pay $13 million to Abu Dhabi-based Cardno ME (CME), relating to a dispute over the construction of its new headquarters in Baghdad. The International Chamber of Commerce (ICC)'s International Court of Arbitration is said to have made the ruling in February, […]
DP World has launched what is says is the first direct freight service between the UAE and Iraq, "to make the flow of goods between the two countries faster, safer and more efficient." The service caters for what the industry calls "unaccompanied trailers" -- trailers which can be transported by sea without the driver and […]
By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani has held talks in recent days with representatives of business interests from several countries: On Monday, the Prime Minister received the President of the US-Iraqi Business Council, and the Vice President of the American Chamber of Commerce for Middle East Affairs, Mr. Steve Lutes. The meeting […]
Dana Gas has announced its financial results for the first quarter ended 31 March 2023. For the first quarter of 2023, the Company generated a net profit of AED 183 million ($50 million) as compared to AED 198 million ($54 million) in Q1 2022. Profitability for the quarter dropped just 7% compared to a 22% […]
By John Lee. Pakistan's Attock Cement Pakistan Limited has given notice of an Extraordinary General Meeting (EGM) to be held on 25th May to approve the sale of its cement grinding facility in Iraq. According to a stock excchange filing, Attock proposes to sell its 60-percent share (18 million shares) in Saqr Al-Keetan for Cement […]
By John Lee. Iraq's Ministry of Transport met with a delegation from the Dubai-based company Gravo DMCC to discuss the delegation's request for support and development of Iraq's railway sector through partnership. The meeting was attended by the relevant department directors. It was decided to continue meetings between the parties to try to achieve shared […]
By John Lee. Dubai's cloud-based POS and retail management software company Dukkantek has announced a strategic partnership with Lezzoo, a Y Combinator-backed superapp based in Iraq. This collaboration aims to transform Iraq's food and beverage (F&B) supply chain by creating an end-to-end digital ecosystem for small-to-large retailers, enabling them to scale their operations and operate […]
By John Lee. Dubai-based Value Added Distributor (VAD) Mindware has reportedly announced that it has extended its region of distribution with Dell Technologies to cover Jordan and Iraq. According to Trade Arabia, Toni Azzi, General Manager at Mindware Qatar, Africa and Levant, said: "Both locations are growing economies and with digital transformation initiatives taking place […]
From Arab Gulf States Institute in Washington (AGSIW). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq to Contain the Kurdish Opposition and Pay Its Debts to Iran in Emirati Dirhams Iraq will begin paying for its debts and imports from Iran in Emirati […]
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. […]
