Contract for New Residential Complex Signed in Baghdad
By John Lee. An investment contract has been signed for the Budoor Baghdad Residential City in Baghdad. The agreement was concluded between the National Investment Commission (NIC) and Darb Al-Kurama General Contracting and Trading Company. The contract was signed on Thursday by NIC chairman Adel Dakhil Muhammad al-Yasiri and company representative Zaid Kamal Al-Asadi. The […]
Seismic Survey Contract for Sasan and Alan Fields
By John Lee. A contract has been signed between Iraq Oil Exploration Company and KAR Group for 2D and 3D seismic surveys at the Sasan and Alan exploration blocks in Nineveh province. Oil Minister Basim Muhammad Khudhair al-Abadi presided over the signing ceremony on Tuesday. The Minister underlined the importance of completing the project on […]
New Initiative to Strengthen Farm Management in Iraq
From UN Iraq. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Government of Iraq, FAO and World Bank launch new initiative to strengthen farm management and dairy value chains in Iraq The Government of Iraq, the Food and Agriculture Organization of the United Nations […]
Iraqi Graft Crackdown Jails Lawmakers, but Can it Reach their Patrons?
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraqi Graft Crackdown Jails Lawmakers, but Can it Reach their Patrons? Iraq's sweeping anti-corruption campaign has put lawmakers and officials behind bars and returned more than 1B USD to state coffers. Whether it […]
Abraaj Al-Ameriya Residential Project Contract Signed
By John Lee. An investment contract has been signed for the Abraaj Al-Ameriya residential project in Baghdad, a development comprising 1,620 housing units in the Ameriya district, behind the American University of Baghdad. The project will be executed by Al-Ab'ad Al-Dhahabiya for Investment and Real Estate Development, a subsidiary of Al-Kamil Holding Group. According to […]
Air Transat Licence for Canada-Iraq Flights
By John Lee. A temporary licence has been granted to Canada's Air Transat to provide scheduled international air services between Canada and Iraq via code sharing. The licence is valid until 30th June 2028. According to the Canadian Transportation Agency (CTA), the authority is classified as extra bilateral, as no existing agreement or arrangement between […]
Dinar Devaluation "Fuels Showdown over Iraq's 2027 Budget"
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Dinar Devaluation Fuels Showdown over Iraq's 2027 Budget A sharp devaluation of the Iraqi dinar has set off an intense and public fight over state finances... Lawmakers are now pressing Prime Minister Ali […]
Iraq launches the Updated Nationally Determined Contribution
From the United Nations Development Programme (UNDP). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq launches the Updated Nationally Determined Contribution Under the patronage of Prime Minister H.E. Mr. Ali Al-Zaidi, Iraq today officially launched its Updated Nationally Determined Contribution (NDC), setting out […]
PM Defends Dinar Rate Decision, Outlines Plans
By John Lee. Prime Minister Ali al-Zaidi has addressed parliament to explain the government's decision to change the exchange rate and outline steps to protect living standards and maintain regular payments of salaries and essential expenditure. According to the Prime Minister's Office, al-Zaidi met with parliament speaker Hibat Hamad al-Halbousi and the heads of parliamentary […]
New Plant Genetic Resources Bank opened in Baghdad
From UN Iraq. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. FAO, European Union and Ministry of Agriculture inaugurate rehabilitated National Plant Genetic Resources Bank in Baghdad The Food and Agriculture Organization of the United Nations (FAO), the European Union and the Ministry of […]
Strategic Power Projects Under Review with Siemens
By John Lee. Three strategic high-voltage electricity substations are under development in Karbala, Najaf and Baghdad as part of Iraq's power transmission upgrade programme. Progress on the projects was reviewed at a meeting between the General Company for Electricity Transmission in the Middle Euphrates and Siemens, which is delivering the work under Phase Two of a […]
Cabinet Approves Winter Agricultural Plan for 2026/27
By John Lee. Iraq's Cabinet has approved the winter agricultural plan for the 2026/27 season, setting out wheat procurement targets, seed subsidies, and fertiliser policy. According to the Prime Minister's Office, the Ministry of Trade is authorised to purchase up to 4 million tonnes of wheat from all governorates, excluding the Kurdistan Region, at prices […]