By John Lee. First Abu Dhabi Bank (FAB) has announced that it will open a representative office in Iraq. The new representative office will primarily service Sovereign and Government Related Entities (GREs), Financial Institutions and Iraqi institutional clients in addition to clients with business interests in Iraq. Hana Al Rostamani (pictured), Group Chief Executive Officer […]
By John Lee. The President of the Iraq Football Association (IFA) has confirmed that Iraq's forthcoming World Cup qualifier against the United Arab Emirates (UAE) will take place in Iraq. Adnan Dirjal, who is also Minister of Youth and Sport, said the match will be held at the Al-Madina International Stadium in Baghdad in late […]
ABB named system integrator and automation solution provider INTECH Process Automation UAE as ABB Value Provider (AVP) for the UAE and Iraq. The AVP program ensures that the services customers receive from AVPs meet the high quality standards of ABB products both globally and locally. Huseyn Tarek, Regional President - MEA&CIS Management, INTECH, said: "We […]
By Muhammad Jawad Adib for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Will Iran's electricity cut turn Iraq toward Gulf? Iraq is facing reduced electricity and gas supplies from Iran, which might lead Iraq toward an electricity connection with the […]
Dubai-based air services provider dnata says it has achieved an important milestone in Erbil, with the implementation of its 'OneCargo' system, digitizing processes and maximizing efficiencies across its cargo operations in Iraq. According to a press release, the advanced tool, which dnata plans to launch globally, is expected to deliver significant commercial benefits for customers. […]
By Zeinab Shuker, for the Emirates Policy Center (EPC). Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Economic Development and the Future of the White Paper in Post-Election Iraq In the summer of 2020, the Iraqi government introduced a roadmap and an economic […]
By John Lee. The Kurdistan Regional Government (KRG) has reportedly signed a memorandum of understanding (MoU) with The Digital School to implement digital school programs and enhance cooperation in digital learning in the region. The Digital School describes itself as "the first integrated Digital school which provides remote learning in a smart and flexible way, […]
Dana Gas and its partner, Crescent Petroleum, have reported record sales gas production from their operations in the Kurdistan Region of Iraq (KRI), reaching 452 million cubic feet of gas per day (MMscf/d) at the end of 2021. The production milestone is the culmination of numerous process improvements at the Khor Mor gas plant, including […]
By John Lee. Masdar (Abu Dhabi Future Energy Company) has revealed more details of its solar power projects in Iraq. In an interview with Project Finance International (PFI), the company's CFO, Niall Hannigan, said the engagement will see five solar PV schemes with a combined capacity of 1GW. This will comprise a 450MW scheme in […]
By John Lee. UAE's Ducab Group has reportedly been awarded a contract to supply overhead conductors for a 288-Km Over-Head Line (OHL) as part of a GE Renewable Energy project in Iraq. According to Zawya, the contract involves the design, supply, installation, testing, and commissioning of a 400kV overhead transmission line from Jordan to the […]
The Central Bank of the UAE (CBUAE) and the Central Bank of Iraq (CBI) have signed a Memorandum of Understanding (MoU) on 12th December, to enhance cooperation on banking supervision matters. The MoU covers three main areas, including control and supervisory issues, the exchange of supervisory information, and strengthening bilateral co-operation on training workers and […]
Stronger forensic services: Iraq and UAE exchange forensic experience and knowledge Forensic evidence has an immense value in aiding criminal investigators, the police, and prosecutors, in bringing criminals to justice and solving crimes. In illicit trafficking and organized crime cases, forensic investigation can play a crucial role in providing and analyzing evidence for the adjudication […]
