NIC, S Korean Ambassador Review Options to Restart Bismayah Project
By John Lee. Options for restarting the stalled Bismayah housing project were discussed at a meeting between the National Investment Commission (NIC) and the South Korean Ambassador to Iraq, Lee Joonie, on Sunday. According to the NIC, the meeting reviewed the current status of the project and examined options for settling outstanding financial dues, including […]
Emirati-Iraqi Business Council Discusses Investment Opportunities
By John Lee. Investment opportunities in the Iraqi market and ways to attract Emirati companies were discussed at a meeting between Iraq's Ministry of Trade and the Emirati-Iraqi Business Council. According to the Ministry of Trade, Dr. Malik Khalaf al-Durei'i, Director General of the Private Sector Development Department, visited the council's headquarters and attended its […]
Iraq-Czech Business Council Proposed to Boost Trade
By John Lee. Iraq and the Czech Republic have discussed strengthening bilateral trade and economic relations during a meeting in Baghdad between the Department of Foreign Economic Relations at the Ministry of Trade and Michal Svoboda, Minister Plenipotentiary at the Czech Embassy. Riyad al-Hashimi, Director General of the department, called for a fifth session of […]
16,384 Deceased Iraqis Still Receiving Pensions
By John Lee. An audit of Iraq's national pension system has identified 16,384 deceased individuals whose retirement payments had not been stopped, alongside widespread data errors and corruption involving pension branch managers in provinces formerly affected by terrorism. The Federal Commission of Integrity announced it has begun auditing pension files and cross-referencing data held by […]
Career Guidance Drive for University Students in Iraqi Kurdistan
By John Lee. A career guidance and counselling campaign has been launched for around 750 university students and jobseekers in the Kurdistan Region of Iraq. The initiative is being delivered by the International Labour Organization (ILO) in cooperation with the Ministry of Labour and Social Affairs, career development centres (CDCs), the Kurdistan Workers Unions Federation, […]
Minister meets with Shanghai Electric re Power Projects
By John Lee. Progress on combined-cycle power generation projects in four central Iraqi provinces has been reviewed in a meeting between the Minister of Electricity and representatives of Chinese contractor Shanghai Electric. The projects cover stations in Najaf, Karbala, Diwaniyah, and Babil. According to the Ministry of Electricity, Minister Ali Saad Wahib directed the company […]
$10m UNDP-KOICA Initiative for Displaced Communities in Iraq
By John Lee. A $10 million initiative to support the sustainable resettlement of internally displaced persons, returnees and displacement-affected communities has been launched across Anbar, Kirkuk, Ninewa and Salah al-Din. The programme is funded by the Government of the Republic of Korea through the Korea International Cooperation Agency (KOICA) and implemented by United Nations Development […]
Despite Pipeline Talks, Hormuz "will Remain Key to Iraq Oil Exports"
By Noam Raydan, for Seatrade Maritime. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Despite Pipeline Talks, Hormuz will Remain Key to Iraq's Oil Exports Amid the protracted crisis in the Strait of Hormuz, Iraq has been racing to find new outlets and […]
Iraq "Approves $267m in Pending Farmer Payments"
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq Approves $267M in Pending Farmer Payments, $45M for Kurdistan The Iraqi government has approved 350 billion Iraqi dinars (around $267 million) in pending 2025 dues for farmers nationwide, with 58.6 billion dinars (around […]
Iraq PM Aims for 8-10m Barrels/day within 6 Years
By John Lee. Iraqi Prime Minister Ali al-Zaidi has announced plans to distribute one million residential land plots to citizens, with the last plot to be allocated within three years. He made the comments on Friday during a session at the eighth Baghdad Dialogue Conference, organised by the Iraqi Institute for Dialogue. According to the […]
Iraq's Ration Card System to be Automated
By John Lee. Plans to automate Iraq's ration card system were discussed at a meeting between the Ministry of Trade and two technology companies. Iraq's Minister of Trade, Mustafa Nizar Jumaa, visited the General Company for Food Commodities Trading, where he met representatives of the National Company for Information Technology and Rabt Al-Najm, alongside senior […]
Sanctions Reshape Economic Model of Iraq's Armed Groups
By Ali Hussein Al-Khafajy, for Chatham House. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Sanctions have Reshaped, Rather than Weakened, the Economic Model of Iraq's Armed Groups Mounting US pressure on the financing channels of armed groups in Iraq may not weaken their […]