
US Firm in Cybersecurity Partnership to Boost Iraq's Digital Defences
Resecurity, a US-based provider of threat intelligence and cybersecurity, has signed a strategic Memorandum of Understanding (MoU) with Iraq's national Cyber Events Response Team (IQ-CERT), in coordination with ICS Technologies, Resecurity's official distributor in Iraq.
According to a press release, the agreement is designed to strengthen Iraq's national cyber defence infrastructure and accelerate the adoption of AI-driven threat intelligence solutions across public and private sectors.
Key areas of cooperation include: Deployment of AI and risk management tools tailored for Iraq's cybersecurity ecosystem.
Localization of Resecurity platforms to align with Iraq's technical and cultural requirements.
Joint initiatives to combat cybercrime, fraud, and abuse of digital identities targeting key institutions and infrastructure.
The partnership will be formally launched at a national cybersecurity and defence exhibition in Iraq, showcasing their shared commitment to technological innovation and national digital security.
IQ-CERT is a joint national cybersecurity team in Iraq, it is responsible for responding to cyber incidents, securing national digital infrastructure, and supporting cyber awareness across Iraq's public and private sectors.
(Source: Resecurity)

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Iraq Business
7 hours ago
- Iraq Business
Iraq Reduces Foreign Debt Liabilities
By John Lee. Iraq's state-owned Rafidain Bank has announced that it has "completed" 87 percent of its foreign debt obligations through high-level legal and financial negotiations, significantly reducing the country's external liabilities. As part of Iraq's adherence to the Paris Club Agreement and with direct Cabinet approval, the bank concluded major settlements with Dutch and French creditor companies. The most notable was under Cabinet Resolution No. 403 of 2025, which settled three Dutch lawsuits with a waiver exceeding 90 percent of the claimed amounts in favour of the bank. Additionally, the bank achieved key legal victories in Turkey and Lebanon, recovering over $2.8 million in assets. According to a statement from Rafidain, this highlights the competence of Iraq's legal apparatus in defending state interests abroad. Rafidain Bank confirmed it is pursuing final settlements to close the remaining debt portfolio, aiming to bolster Iraq's sovereign credit rating and reinforce global confidence in its fiscal governance. (Source: Rafidain Bank)


Iraqi News
8 hours ago
- Iraqi News
BMW profits slump on China woes, US tariffs
Frankfurt – BMW said Thursday its profits slumped by a third in the second quarter as the German premium carmaker was hit hard by falling sales in key market China and US tariffs. Net profit for the April-June period plunged 32 percent from a year earlier to 1.8 billion euros ($2.1 billion), the manufacturer said in a statement. Revenues slipped eight percent to 34 billion euros as sales fell 14 percent in China, where German carmakers are facing fierce competition from local rivals particularly when it comes to electric vehicles. US import taxes on cars and vehicle parts, introduced by US President Donald Trump in April as part of his tariff blitz, also hit earnings, the group said, without giving a precise figure. However BMW said it expects the levies to reduce the profit margins on its car sales this year by 1.25 percent points. The group stuck to its 2025 targets, forecasting a profit margin of between five and seven percent for its vehicle sales, similar to the 6.3 percent level recorded last year. BMW is the latest German auto titan to report poor earnings in recent days, with Volkswagen and Mercedes-Benz also hammered by Trump's tariff onslaught and ongoing problems in China. Despite the poor results, BMW finance chief Walter Mertl insisted that the carmaker's 'business model remains intact'. 'Our footprint in the US is helping us limit the impact of tariffs,' he said. The Munich-based group has a factory in South Carolina. Nevertheless it continues to export around half of its cars destined for US customers to the United States, mainly from Europe and Mexico. Car imports into the United States have since April been subject to a 27.5 percent tariff, although this will be reduced to 15 percent from August after Trump and the European Union struck a trade deal. However this is far above the rate seen in the past.


Iraqi News
8 hours ago
- Iraqi News
Microsoft quarterly profits soar on AI and cloud growth
San Francisco – Technology giant Microsoft on Wednesday said its profit soared above expectations in the recently ended quarter, driven by its cloud computing and artificial intelligence (AI) units. Microsoft reported profit of $27.2 billion on revenue of $76.4 billion, some $29.9 billion of which was brought in by its Intelligent Cloud business. 'Cloud and AI is the driving force of business transformation across every industry and sector,' Microsoft chief executive Satya Nadella said in an earnings release. 'We're innovating across the tech stack to help customers adapt and grow in this new era.' Microsoft's Azure cloud computing offerings brought in more than $75 billion for the company's fiscal year, which ended on June 30, in an increase of 34 percent from the prior year, according to Nadella. Microsoft shares jumped about 7 percent in after-market trades that followed release of the earnings figures. 'This was a slam-dunk quarter for Microsoft with cloud and AI driving significant business transformation across every sector and industry,' Wedbush Securities analyst Dan Ives said in a note to investors. 'The company continues to capitalize on the AI Revolution.' Microsoft is well-positioned to make money as increasing numbers of companies ramp up efforts to take advantage of artificial intelligence in their businesses, according to Ives. Microsoft was one of the first tech giants to double down on artificial intelligence when the launch of ChatGPT in 2022 rocked the tech industry. Like its rivals, it has spent massively on building the infrastructure necessary to power the AI revolution, with analysts keeping a close eye on the return on investment. The company in January said it was on track to pump about $80 billion into capital and infrastructure in the fiscal year. Nadella has said finding enough power sources for its AI data center needs was a priority. Microsoft in early July slashed a little less than four percent of its global workforce as it seeks to cut layers of middle management and leverage new technologies. 'We continue to implement organizational changes necessary to best position the company and teams for success in a dynamic marketplace,' a Microsoft spokesperson said in an email. The job cuts follow a round in May that saw about 6,000 positions culled from its global workforce. The company, which is advancing in its plans to deploy AI across all its products, said it was working to 'empower employees to spend more time focusing on meaningful work by leveraging new technologies and capabilities.'