By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Petroleum Sector in A New AI-based Iraqi National Memory Project A group of dedicated artificial intelligence (AI) specialists and professionals are enthusiastically racing against time and actively working on a first of […]
Wood secures c.$100 million of awards to reduce gas flaring in Iraq Wood, a global leader in consulting and engineering, has been awarded a series of decarbonisation contracts with a value of c.$100m for flare gas reduction and carbon efficiency project solutions across the largest oil fields in Iraq. Wood will deliver brownfield engineering, procurement […]
From the Iraq Britain Business Council (IBBC): IBBC calls for sponsors for Zara Murad as she works to become the first ever Iraqi equestrian Olympic rider Zara Murad is a trailblazing equestrian with a historic mission: to become the first-ever equestrian rider representing Iraq at the Los Angeles Olympics 2028. As the first international dressage […]
From the Iraq Britain Business Council (IBBC): Al-Rida Company Signs Agreement with Bahrain's Neo Company IBBC member Al-Rida Company has signed a strategic partnership agreement with Neo Company from Bahrain during a ceremony held in Baghdad. The agreement aims to enhance cooperation in investment and development projects between the two companies. IBBC was represented at […]
By John Lee. UK-based Nobel Energy has signed a Memorandum of Understanding (MoU) with Iraq's General Company for Carbon Economics, affiliated with Iraq's Ministry of Environment, to enhance cooperation on climate action, environmental initiatives, and sustainable development. The agreement was formalised during the First International Conference on Carbon Economics in Baghdad, marking a strategic collaboration aimed […]
By John Lee. Iraq has launched its first International Conference on Carbon Economics in Baghdad on Tuesday, themed "Carbon for Development." The event, organised by the Ministry of Environment in partnership with the General Company for Carbon Economics, brought together high-level participants from the Ministry of Oil, the Central Bank of Iraq (CBI), and international […]
By John Lee. Iraq's Ministry of Finance has commissioned global consultancy firm Ernst & Young (EY) to evaluate the performance of state-owned insurance companies affiliated with the Ministry. Finance Minister Taif Sami (pictured) said in a statement to the state-owned Iraqi News Agency (INA) that the move aligns with directives from the Council of Ministers […]
By John Lee. Scottish-based EthosEnergy has been awarded a multimillion-dollar Operations and Maintenance (O&M) contract for the Maisan [Maysan, Missan] Combined Cycle Power Plant near Basra. The three-year contract, EthosEnergy's first comprehensive third-party Care, Custody and Control agreement in the Middle East, covers operations, inspections, and maintenance of the 850 MW facility. The power plant, operated […]
By John Lee. Ashur International Bank has joined the Iraq Britain Business Council (IBBC). According to a statement from the IBBC, the move follows a long relationship between the Council and the bank's CEO, Mohammed Al-Delaimy. It says the bank, established in 2005 is one of the leading private banks in Iraq, offering comprehensive banking […]
Al Uroush Automotive Limited becomes authorised Rolls-Royce Motor Cars dealer in Erbil, Iraq Rolls-Royce Motor Cars Iraq will offer the full Rolls-Royce model portfolio and dealer services at a temporary facility with showroom planned for 2026 First dealer in the country since the foundation of the brand 120 years ago Luxury market in Iraq is […]
By John Lee. The Iraqi Prime Minister has ordered a consultative meeting to be held between the Ministry of Electricity and the General Secretariat of the Council of Ministers regarding the Al-Khairat Thermal Power Plant. According to a statement from the Prime Minister's Office, the focus of the meeting is on resolving financing issues related […]
From the Iraq Britain Business Council (IBBC): IBBC appoints Mr Mohammed Al Saadi of Sama Hammurabi Law as Iraq members' representative. The appointment of Mr Al Saadi as IBBC's Iraqi representative is an important role for IBBC. As the link between members and management and as the main contact in Iraq he will speak to […]
