By John Lee. Iraq's National Investment Commission (NIC) has just published its Iraq Investment Map 2024. The 283-page report includes details of investment opportunities, in addition to sectoral and regional data. Click below to download the full report: English Arabic See also Investor Guide to Iraq 2024. (Source: NIC)
By John Lee. Iraq's National Investment Commission (NIC) has just published its Investor Guide to Iraq 2024. The 55-page guide gives an overview of the investment climate in Iraq. Click below to download the full report: English Arabic See also Iraq Investment Map 2024. (Source: NIC)
By John Lee. China Energy Engineering Corporation (Energy China, CEEC) and France's TotalEnergies have signed an EPC contract for a 1-GW solar power project at the Ratawi [Artawi] field in Basra. According to a statement from Energy China: "This project is the first large-scale project in the Iraqi government's PV construction plan, and serves as […]
By John Lee. Iraq's Supreme Committee for Artificial Intelligence (AI) held its first meeting on Wednesday, during which the Iraqi National Strategy for Artificial Intelligence was reviewed. The meeting, led by Prime Minister Mohammed Shia Al-Sudani, reviewed key projects and applications supported by the government, including AI integration into education and smart applications across various […]
By John Lee. Pearl Petroleum terminated Enerflex's contract for the Khor Mor Gas Expansion Project due to alleged performance issues and project delays. Enerflex disputes the termination, citing a deadly drone attack near the project site and invoking force majeure due to safety concerns. A significant dispute has emerged between Pearl Petroleum, developer of the […]
By John Lee. The Iraqi Ministry of Oil announced that North Gas Company (NGC) has increased its gas supply to power stations by 50 million standard cubic feet per day (MMSCFD). This increase is set to enhance electricity production at several gas power plants, including Dibis [Dibs, Debes] (60-80 MW), Kirkuk (60 MW), and Mosul […]
By John Lee. The Iraq Drilling Company (IDC) has successfully completed the drilling and restoration of three new oil wells in the Zubair and West Qurna fields. The technical teams drilled well IDC 626 to a depth of 3,634 meters for Italy's ENI, in cooperation with Schlumberger (SLB). This marks the 35th well completed as […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani chaired a meeting to discuss relocating old brick factories from Nahrawan due to their proximity to residential areas, and their negative environmental effects. According to the Prime Minister's Office, these factories, which often lack work permits and employ outdated machinery, contribute to pollution and exploit vulnerable workers, […]
By John Lee. The Iraqi government has approved the transformation of the former Al-Rasheed military camp in eastern Baghdad into sustainable forests and recreational areas. The plan also includes the construction of a 12,000-unit residential complex on the site, replacing previous land allocations. Development will focus on environmentally friendly specifications and recreational activities, while an […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani has inaugurated the construction of four key chemical and industrial projects in Karbala Industrial City. The projects include: an industrial gases plant (1,000 tons/day); a white oils plant (1,000 m³/day); an organic solvents plant (1,000 m³/day); and a vacuum distillation plant (2,500 tons/day). The new industrial city, […]
By John Lee. Lufthansa has announced an extended suspension of passenger and cargo flights to Amman, Beirut, Erbil, Tel Aviv and Tehran. The suspension will now last up to and including 26th August. In an earlier announcement, the German airline blamed the decision on what it described as "exceptional circumstances in the region," adding that […]
From Human Rights Watch (HRW). Any opinions expressed are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq: Parliament Poised to Legalize Child Marriage Iraq's parliament is moving forward an amendment to the country's Personal Status Law that would allow Iraqi religious authorities, rather than state law, to govern […]
