By John Lee. Iraq's Minister of Finance, Taif Sami, met with Jean-Christophe Carret, the World Bank's representative in Iraq, to discuss strengthening economic and financial cooperation. The discussions focused on strategic projects aimed at stimulating economic growth, creating jobs, and developing infrastructure and human capital. Minister Sami emphasized Iraq's commitment to leveraging technical and financial […]
By John Lee. Iraq's Ministry of Industry and Minerals has engaged in discussions with the United Nations Development Programme (UNDP) to enhance industrial and economic development. The meeting, chaired by Deputy Minister for Planning Ahmed Abdul Jabbar Ali, focused on cooperation mechanisms to support Iraq's 2024-2030 Industrial Strategy. The Deputy Minister highlighted the ministry's policy-making […]
By John Lee. Iraq's National Investment Commission (NIC) has held a preparatory meeting for the Energy Services Economic Cities Initiative, aimed at supporting local economic diversification and attracting foreign investment in the energy sector. NIC Chairman Dr. Haider Mohammed Makia [Makiyya] emphasised that these specialised cities will serve as hubs for global and local companies […]
By John Lee. Prime Minister Mohammed S. Al-Sudani has officially inaugurated the reconstructed Al-Fatha Bridge over the Tigris River, restoring a crucial transportation link between Salah al-Din and Kirkuk Governorates. The 540-meter bridge, which was destroyed during the war against ISIS, has been rebuilt with enhanced capabilities following the Prime Minister's directive to accelerate its […]
By John Lee. Iraq's delegation concluded its meetings with the International Monetary Fund (IMF) in Amman (February 24-26), with participants including Minister of Finance Taif Sami and the Governor of the Central Bank of Iraq (CBI). Discussions focused on Iraq's economic performance and sustainable growth prospects, with the IMF acknowledging the progress made. Key discussions […]
By John Lee. Iraq's National Investment Commission (NIC) has granted its first solar power investment license for a 1,000 MW project to France's TotalEnergies, marking what it described as a major step in the country's transition to renewable energy. NIC Chairman Dr Haider Mohammed Makiyya [Makia] confirmed that construction work has begun at the Ratawi […]
By John Lee. Dubai-based facilities management (FM) company EFS Group has commenced operations in Iraq. According to a LinkedIn post from Regional Country Director Kamal Zahran, the company is tapping into Iraq's extraordinary potential for facilities management. "As an early entrant, we are proud to be part of this dynamic industry landscape," he said. Vice Chairman […]
By John Lee. The National Team for Renewable Energy Projects and Energy Efficiency at the Iraqi Prime Minister's Office has invited "specialized companies in the field of solar energy project implementation" to participate in a conference. The conference will take place at the Training and Energy Research Directorate of the Ministry of Electricity on Thursday, […]
By John Lee. Prime Minister Mohammed S. Al-Sudani has inaugurated the new "Hydrogen" Pharmaceutical Plant in Karbala Governorate, specializing in the production of cancer treatment medications. The state-of-the-art facility is part of the government's strategic initiative to localize pharmaceutical production, positioning Iraq as a regional leader in the manufacturing of complex medications at affordable costs. […]
By John Lee. Iraq's Council of Ministers has approved the establishment of the National Mobile Telecommunications Company (NMTC), which will operate Iraq's 5G national license in cooperation with UK's Vodafone Group. The initiative aims to develop the telecommunications sector, maximize revenues, and implement the government program. The new company will be a private limited entity […]
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: Personal Status Law Amendment Sets Back Women's Rights After months of legal and political wrangling, an amendment to Iraq's Personal Status Law that entered into force on February 17, 2025, […]
By John Lee. Iraq's Ministry of Oil has signed an initial agreement with BP to develop four oilfields in Kirkuk. The agreement, signed by North Oil Company (NOC) and North Gas Company (NGC), covers the development of the Avana and Baba domes of Kirkuk, Bai Hassan, Khabbaz, and Jambur fields. Minister of Oil Hayan Abdul […]
