By John Lee. The Iraqi Ministry of Industry and Minerals, chaired by Minister Prof. Eng. Khaled Battal Al-Najm, has approved the awarding of key industrial city projects during the second session of the Industrial Cities Authority's Board of Directors. Among the approved projects are: The establishment of Iraq's first pharmaceutical industrial city in Babylon, covering […]
By John Lee. Central Bank of Iraq (CBI) Governor Ali Mohsen Al-Allaq has underlined the pivotal role of the banking sector in supporting investment in Iraq. Speaking at a panel session during the Iraq Investment Forum, he said the CBI has achieved its objectives on banking reform and has begun implementing them according to set […]
By John Lee. Iraq's Ministry of Electricity has reportedly purchased ten telescopic truck-mounted lifts made by Italian firm CTE. The equipment was supplied by Precision Machinery, CTE's distributor in the UAE. More here. (Sources: Precision Machinery, Vertikal)
By John Lee. The American University of Iraq - Baghdad (AUIB) has signed a Memorandum of Cooperation (MoC) with the English International School - Baghdad (EISB), establishing a framework for collaboration in education and training. The agreement includes structured internship opportunities at EISB for AUIB students pursuing teaching and education-related degrees, as well as pathways […]
By John Lee. The American University of Iraq - Baghdad (AUIB), in partnership with Raban Al-Safina Group, has announced the launch of Iraq's first fully integrated teaching hospital in five decades. The $250-million investment agreement is supported by the International Finance Corporation (IFC). The 200-bed facility will be built to international standards, featuring emergency and […]
By John Lee. On World Tourism Day, the Kurdistan Regional Government (KRG) highlighted the sector's strong expansion under its Ninth Cabinet, supported by major infrastructure investments. Over the period, 80 new tourism projects have been completed with a total value of $7.56 billion [IQD 9.87 trillion]. The Kurdistan Region now offers more than 3,000 tourist […]
By John Lee. The Governor of the Central Bank of Iraq (CBI), Ali Mohsen Al-Alaq, announced on Sunday that Iraq is currently witnessing the lowest inflation levels in its modern history. Speaking at the Iraq Investment Forum, he said that the country enjoys "comfortable" foreign currency reserves capable of defending the exchange rate, while monetary […]
By John Lee. Iraq's Ministry of Oil has announced finalised oil export volumes for August. Total exports of crude oil: 104,806,884 barrels. Exports from the oil fields in central and southern Iraq amounted to 103,895,706 barrels. Exports from Qayyarah were 911,178 barrels. Average daily crude oil exports: approximately 3.381 million barrels per day. The total […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani on Saturday inaugurated the Iraq Investment Forum (IIF) in Baghdad, unveiling investment opportunities worth $450 billion [IQD 587 trillion] across more than 160 projects in various sectors. In his speech, Al-Sudani welcomed participants, praising the National Investment Commission (NIC), the Iraqi Economic Council (IEC), and supporting bodies. […]
By John Lee. Minister of Oil, Hayan Abdul Ghani, has launched drilling operations for the first oil well in the Fao [Faw] block during a recent visit to Basra. He underlined the Ministry's commitment to developing oil fields and exploration blocks to boost crude output and expand gas investment in support of the national economy. […]
By Guest Blogger. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. The Iraqi Dinar Revaluation Deception: 10 Persistent False Claims Exposed For over two decades, fraudulent promoters and self-proclaimed "dinar gurus" have perpetuated an elaborate investment scam centered around the Iraqi dinar (IQD). Despite […]
By John Lee. The British Council has urged UK universities to participate in Iraq's expanded postgraduate scholarship programme, launched by the Iraqi Higher Committee for Education Development (HCED). From 2025, HCED will provide 1,000 fully funded scholarships each year until a total of 5,000 awards are delivered by 2030. The scholarships cover Master's, PhD, and […]
