Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
By John Lee. Iraqi Prime Minister Ali al-Zaidi met Jordan's Foreign Minister Ayman Safadi in Washington on Wednesday, on the sidelines of an official visit to the United States. According to the Prime Minister's Office, discussions covered bilateral relations and opportunities to strengthen economic and development cooperation. The two sides reviewed progress on the Basra-Aqaba […]
By John Lee. Iraq's Minister of Transport, Wahab Salman Mohammed, has met with EU Ambassador Clemens Simtner to discuss lifting the European aviation ban on Iraqi airlines. A technical meeting between the two sides is to be held to identify the requirements for lifting the ban. The minister emphasised the importance of progress on the […]
By John Lee. Construction is continuing on what is described as Iraq's largest boat marina, located on the banks of the Shatt al-Arab waterway. The marina will have a capacity of 50 boats and will include tourist facilities, a helicopter landing pad, and various ancillary works along its sides. Ahmad Jasim, Director General of the […]
By John Lee. Iraq's Ministry of Planning has held talks with Germany's Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) on a German government-funded grant project focused on climate-responsive and inclusive urban development, known as CITIES+. The meeting, chaired by Dr. Mohammed Mohsen Al-Sayed, Director General of the Regional and Local Development Directorate, reviewed the technical requirements […]
By John Lee. Iraq's Prime Minister, Ali al-Zaidi, met on Thursday with Turkey's Minister of Energy and Natural Resources, Alparslan Bayraktar, to discuss bilateral cooperation across a range of sectors. The Iraqi government's media office reported that talks covered energy, oil and gas, electricity, agriculture, and regional connectivity. During the meeting, Ali al-Zaidi highlighted plans […]
By John Lee. Iraq's first commercial Tier III data centre is under construction in Baghdad, with France's Schneider Electric named as the technology partner responsible for its power and cooling infrastructure. The facility is being developed by T964, a technology and connectivity investment group, and is scheduled to open by the end of 2026. According […]
By John Lee. The Central Bank of Iraq (CBI) has issued new regulatory instructions governing the mechanism for meeting foreign currency demand for citizens travelling abroad, reducing the monthly cash allowance for an adult traveller to $2,000, down from $3,000. According to the CBI, the move forms part of a package of regulatory reforms aimed […]
By John Lee. KAR Electrical Power Plant Production Trading FZE (KEPPT) has engaged JP Morgan to arrange development financing for a $1.6 billion urea plant in Basra. According to a statement from KEPPT, the company will work with the bank to progress financing for the project in conjunction with several leading export credit agencies. The […]
By John Lee. The Council of Ministers has approved the signing by Basra Oil Company (BOC) of a Heads of Agreement (HOA) and a non-disclosure agreement (NDA) with a consortium comprising US firm Capital TI, Qatar's UCC [Urbacon Trading & Contracting], and US major Chevron. The approval allows for a state-owned company to be added […]
By John Lee. Iraq's Minister of Industry and Minerals, Mohammed Nouri, received his Jordanian counterpart, Minister of Industry, Trade and Supply Yarub Qudah, along with an accompanying delegation, on Thursday. The two sides held a meeting to discuss ways of strengthening industrial and trade cooperation, and expanding joint coordination in areas serving the shared interests […]
By John Lee. German firm HORN Glass Industries AG, the has signed a contract with Al Rida Investment to build a new float glass plant in Najaf, with a production capacity of 800 tonnes per day. The plant will be equipped with the latest technology and is intended to contribute to expanding glass production capacity in […]
By John Lee. Iraqi officials held separate meetings with the Turkish ambassador to Iraq and a delegation of Turkish businessmen this week, focusing on expanding investment and trade cooperation between the two countries. According to the Prime Minister's Media Office, Prime Minister Ali al-Zaidi received Turkish ambassador to Iraq Anil Bora Inan, along with representatives […]
