LPG Pipeline to Link Iraq's South and North
By John Lee. Iraq's Ministry of Oil is considering a strategic national pipeline to transport liquefied petroleum gas (LPG) from the south of the country to the north. A feasibility study has been ordered following a meeting to discuss the project's technical, economic and implementation requirements. According to the Ministry of Oil, the Deputy Minister […]
GKSD Group to Build Specialist Hospital in Baghdad
By John Lee. A contract has been signed for the construction of a 120-bed Italian hospital in central Baghdad, on the site of the former Turkish restaurant. The agreement was concluded with 3H Group [Hospital Healthcare Holdings (HHH)], part of GKSD Holding, and is described as the first fully integrated European medical facility of its […]
US-Iraq Meeting Covers Rule of Law and Economic Development
By John Lee. Senior Iraqi judicial officials met with US Ambassador Tom Barrack in London to discuss the future of US-Iraq relations, covering judicial cooperation, investment, energy, and regional stability. According to a post on the ambassador's official account, the Iraqi delegation was led by Dr. Faiq Zaidan, President of the Supreme Judicial Council (SJC). […]
Iraq-Lebanon Talks Aim to Ease Trade and Cut Transport Costs
By John Lee. Iraq and Lebanon have held talks on expanding trade, reducing logistics costs, and activating free trade agreements between the two countries. Lebanon's Minister of Economy and Trade, Dr Amer Bissat, visited Baghdad on Monday for discussions with the head of Iraq's Border Ports Commission (BPC), Lieutenant General Dr Omar Adnan Al-Waili. The […]
Carbon Finance in Focus at Iraq's COP31 Pavilion
By John Lee. Iraq's pavilion at the 31st UN Climate Conference (COP31) highlighted pathways for financing climate projects, with a focus on carbon finance and sovereign guarantees as tools for attracting investment and partnerships. According to the Ministry of Environment, the sessions underscored how emissions-reduction commitments can be converted into investable opportunities, with carbon finance […]
IDC Completes Horizontal Well at East Baghdad South
By John Lee. A horizontal oil well has been drilled to a depth of 4,165 metres at the East Baghdad oil field (southern section), completed three days ahead of the 57-day schedule set by the field operator. According to the Ministry of Oil, the well was drilled at an inclination of 90 degrees and in […]
Al-Sheeb Border Crossing Reopens; Mandali to Close Temporarily
By John Lee. Iraq's Al-Sheeb border crossing with Iran reopened on Tuesday, while the Mandali border crossing is to close temporarily from Friday. According to the Border Ports Commission (BPC), Al-Sheeb was scheduled to reopen at 8am this morning (Tuesday) after the completion of "technical requirements and preparatory work to ensure smooth movement of travellers […]
Iraq-Lebanon Trade and Investment Talks
By John Lee. Iraq has reaffirmed its commitment to expanding economic cooperation with Lebanon and reducing barriers to bilateral trade. Iraq's Minister of Finance, Faleh Sari, met on Sunday with Lebanese Trade Minister Amer al-Bsat and his accompanying delegation to discuss ways to strengthen trade and accelerate financial and customs procedures related to the movement […]
Fitch Affirms Iraq at 'B-'; Outlook Stable
By John Lee. Fitch Ratings has affirmed Iraq's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'B-' with a Stable Outlook. The rating is unchanged from this time last year. More details here. (Source: Fitch Ratings)
New Transit Deals to Route East-West Telecoms Cable through Iraq
By John Lee. Iraq has signed two transit cable agreements with UAE telecoms group Etisalat and Bahrain's Alliance Networks, aimed at linking East and West through Iraqi infrastructure. The signing was overseen by Minister of Communications Mustafa Jabbar Sanad and took place in Qatar. (Source: Ministry of Communications)
World Bank Loan Discussions Focus on Water and Sewerage Projects
By John Lee. A World Bank delegation has met with officials from the Ministry of Construction, Housing and Municipalities to discuss a loan covering integrated services and water infrastructure projects. The meeting, held on Thursday, included specialists in water and infrastructure from the World Bank, alongside Hussein Kazem, Director General of the ministry's General Directorate […]
Iraq Forms Joint Cmte to Investigate Khor Mor Attack
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq Forms Joint Committee to Investigate Khor Mor Gas Field Attack Iraqi Prime Minister and Commander-in-Chief of the Armed Forces Ali al-Zaidi has ordered the formation of a joint committee with authorities in the […]