By Nussaibah Younis, for the European Council on Foreign Relations (ECFR). Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. The gulf between them: What Arab Gulf countries can learn from Iran's approach to Iraq The Gulf Arab states are leagues behind Iran in […]
An international jury has announced that an entry by eight Egyptian architects won the international competition for the reconstruction of the historic Al-Nouri Mosque complex in Mosul, Iraq, a major component of UNESCO's ambitious project for the rehabilitation of the ancient city, Revive the Spirit of Mosul. Selected from among 123 entries, the winning design […]
Iraqi Ministry of Finance and GE Mark Financial Close of Power Up Plan The Iraqi Ministry of Finance (MoF), GE and their financial partners have celebrated the financial close -- a critical milestone that marks the final step of a loan agreement becoming effective -- of the Power Up Plan 4 (PUP4). Under PUP4, GE […]
By John Lee. The United Arab Emirates (UAE) has announced a $3-billion investment in Iraq, with the aims of strengthening economic and investment relations, creating new opportunities for cooperation and partnership and advancing developmental growth to support the Iraqi people. The initiative was announced following Iraqi Prime Minister Mustafa Al-Kadhimi's official visit to the UAE […]
Dana Gas PJSC, the Middle East's largest regional private sector natural gas company, today announced its Preliminary Unaudited Financial Results for the full year ended 31 December 2020. The Company reported a Net Profit of $36 million (AED 131mm) versus $88 million (AED 322mm) in 2019, excluding one-off non-cash impairments and other income. Including these […]
By John Lee. Dubai-based cranes and heavy equipment supplier Al Faris has started operations at Khor al Zubair. According to a press release, the company has invested in the latest advanced equipment, including Liebherr cranes ranging from 100t to 600t, and its heavy haulage equipment includes hydraulic trailers, SPMT's, semi-trailers and low-bed trailers. It has […]
By John Lee. UAE-based Intertech FZC has won a contract with the United Nations Office for Project Services (UNOPS) for the supply of drones for UNMAS Iraq The contract is valued at $39,200. (Source: UNGM)
Dana Gas has announced the production of sales gas from Pearl Petroleum's Khor Mor Gas Plant in the Kurdistan Region of Iraq (KRI) reached a new record level of 430MMscf/d on 15 December 2020. Fourth quarter's average gas production as of 15 December 2020 is 400MMscf/d, an 8% increase on Q4 2019's average production of […]
IBBC's 5th Annual Iraq Conference in Dubai - Opportunity in Adversity The Iraq Britain Business Council (IBBC) was much praised at its conference on Thursday for pioneering in COVID-19 times by bringing together senior officials from Iraq, the UAE and the UK, prominent international and Iraqi businessmen, bankers and professional advisers as speakers and over […]
UNESCO launches an international architectural competition to rebuild Al-Nouri mosque UNESCO calls on talents around the world to participate in an exclusive International Architectural Competition for the reconstruction and rehabilitation of the Al-Nouri Mosque Complex, funded by the United Arab Emirates (UAE), in the Iraqi city of Mosul. Joining the initiative "Revive the spirit of […]
By John Lee. The Australian Federal Police (AFP) has made one arrest, and issued a further two arrest warrants, following an investigation into alleged improper payments made by Singapore-registered Leighton Offshore Pty Ltd, regarding two contracts with Iraq Crude Oil Export in 2010 and 2011. The Sydney Morning Herald names the arrested suspect as Russell […]
Why you should come to the IBBC Conference in Dubai, entitled 'Opportunity in Adversity' On 19th November the Iraq Britain Business Council (IBBC) is holding its Autumn conference in person at the Address hotel Dubai Marina. Some would say it's a brave decision, considering COVID, but others are keen to take up the challenge and […]
