Iraq Business News brings you the latest news on developments and opportunities in commodities and mining in Iraq.
By John Lee. Iraqi Geological Survey has launched a strategic project to explore limestone reserves in Muthanna province to support the cement industry. The initiative focuses on assessing deposits in the Al-Ghadhari area, identifying high-quality raw materials suitable for producing various types of cement, including ordinary Portland cement and sulphate-resistant cement. Key objectives of the […]
By John Lee. The Iraqi Geological Survey, part of the Ministry of Industry and Minerals, has begun two projects to explore, assess and develop limestone reserves suitable for cement production in Muthanna and Wasit provinces. The projects aim to identify and evaluate the quality and quantities of limestone through: Fieldwork and geological studies; Specialised laboratory testing; […]
By John Lee. A hematite [haematite, Fe2O3] production project with an annual capacity of approximately 400,000 tonnes has reportedly been inaugurated in Maysan Governorate. According to the state-run Iraqi News Agency (INA), the project was launched by the Military Industrialization Authority, with Ali Mohsen Khudair, Director General of the General Company for Military Industries, saying […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani chaired a meeting of the Industrial Coordination Council on Monday, in the presence of Deputy Prime Minister for Energy Affairs and Minister of Oil Hayan Abdulghani Al-Sawad, along with several ministers, advisors, business leaders, and representatives of local and foreign companies partnering with the private sector. The […]
By John Lee. Iraq's Ministry of Industry and Minerals has announced the signing of a strategic agreement between Iraq's State Company for Glass and Refractories and Saudi-based Ajial Company to develop the largest integrated industrial complex in the region based on silica as a core raw material. The deal was signed under the patronage of […]
Almas Group Logistics Supports China's Biggest Investors in Iraq Iraq's industrial expansion is gaining momentum, and logistics plays a crucial role in making it happen. Almas Group Logistics, a leading Iraqi logistics company, recently facilitated the seamless transportation of 16 heavy machinery units from China to Iraq, supporting the construction of new factories that will […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani chaired a high-level meeting to discuss the development of Iraq's sulphur and phosphate industries. Attendees included the Deputy Prime Minister for Energy Affairs, the Ministers of Oil, Finance, Industry and Minerals, and the Governor of the Central Bank of Iraq (CBI). The meeting focused on optimising the […]
By John Lee. A ceremony in London marked the signing of several Memorandums of Understanding (MoUs) between Iraqi public and private sector entities and British companies and institutions. The event was attended by senior Iraqi officials, including Deputy Prime Ministers, the Minister of Foreign Affairs, and the Minister of Oil. Key agreements included: A Memorandum […]
By John Lee. The US State Department issued its 2024 Investment Climate Statement for Iraq earlier this year. The report covers the following key areas: Openness To, and Restrictions Upon, Foreign Investment Bilateral Investment and Taxation Treaties Legal Regime Industrial Policies Protection of Property Rights Financial Sector State-Owned Enterprises Responsible Business Conduct Corruption Political and Security Environment […]
By John Lee. The Iraq Geological Survey, part of the Ministry of Industry and Minerals, has started new exploration projects for limestone and gypsum reserves in Anbar and Nineveh provinces, respectively. In Abu Safia, Anbar, teams are searching for limestone deposits essential for cement production, while in Al-Salamiyah, Nineveh, efforts are focused on uncovering borcelanite […]
By John Lee. Iraq's Minister of Industry and Minerals, Dr. Khaled Battal Al-Najm, has issued directives to begin the practical steps for exploring and investing in the country's abundant mineral resources. During a visit to the General Geological Survey Authority, the minister emphasized the need to streamline procedures, reduce bureaucracy, and engage the private sector […]
By John Lee. Iraq and Canada have agreed to establish communication and hold a joint meeting between the Iraqi Geological Survey and specialized Canadian companies. The goal is to develop mechanisms and terms for joint work in conducting aerial geophysical surveys on behalf of the Iraqi government. The Canadian ambassador, Kathy Bunka, confirmed Canada's and […]
