3 Consortia, spaning 9 Countries, bid to Develop Baghdad Int'l Airport
By John Lee. The Iraqi Ministry of Transport has received bids from several international companies to develop Baghdad International Airport (BIAP). According to Bassem Waheed, Acting Director General of the Contracts and Licensing Department, the Ministry's evaluation committee will select the best offer to ensure high-quality development services for the airport. Three consortia submitted proposals: […]
Beyond Tariffs: Building a Mutually Beneficial Relationship between US and Iraq
By Ahmed Tabaqchali, for the Al-Bayan Center for Planning and Studies. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Beyond Tariffs: Building a Mutually Beneficial Relationship between the United States and Iraq The Trump administration imposed a 30 per cent tariff on Iraqi exports […]
Major Initiative to Improve Iraqi Aviation Standards
By John Lee. The Iraqi government has approved the formation of a working group, chaired by the head of the Iraq Civil Aviation Authority (ICAA), to oversee the licensing of Baghdad, Basra, Mosul, and Najaf airports. The team will also review the Iraqi Airways and State Company for Air Navigation Services to ensure full compliance […]
Construction starts on New Hospital in Baghdad
By John Lee. Prime Minister Mohammed Shia' Al-Sudani on Monday laid the foundation stone for a new 100-bed hospital project in the Rahmaniya-Shu'ala area of Baghdad's Karkh district. The facility is one of 16 hospitals of similar capacity being built under the Iraq-China agreement. According to a press release, the new hospitals will feature modern […]
KPMG to Advise on Reform of Iraqi Banking
By John Lee. Prime Minister Mohammed Shia' Al-Sudani has received representatives from KPMG, the global auditing and financial advisory firm, to review ongoing cooperation with Iraq's banking sector as part of the government's efforts to enhance transparency and improve the country's financial reputation. The Prime Minister affirmed that Iraq's banking reform programme has become a […]
Soft Loans for Women's Small- and Medium-Sized Enterprises
By John Lee. Prime Minister Mohammed Shia' Al-Sudani has reaffirmed his government's commitment to supporting women's rights and empowerment, directing the launch of new financial and training initiatives for women across Iraq. Chairing a meeting of the Supreme Council for Women's Affairs, the Prime Minister announced the launch of the Basmat (Fingerprint) Initiative, which will […]
Industrial Bank to finance Projects presented at Investment Forum
By John Lee. Prime Minister Mohammed Shia' Al-Sudani on Sunday chaired a meeting dedicated to approving recommendations to activate financing procedures for projects under Iraq's Industrial Initiative. The meeting was attended by the Minister of Finance, the Governor of the Central Bank of Iraq (CBI), several advisers, and members of relevant committees. The discussions reviewed […]
Galina Express and Aras Kargo sign Logistics Agreement
By John Lee. Iraq's Galina Express has signed an agreement with Aras Kargo, a subsidiary of Oesterreichische Post [Austrian Post], to strengthen cross-border logistics between Iraq and Türkiye. Under the partnership, Aras Kargo will manage sorting and transport of parcels from Türkiye to the Iraqi border, where Galina Express will handle last-mile delivery. The collaboration […]
Iraq's Gold Reserves Surge; Foreign Currency Reserves Fall
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq's gold reserves surge to 163 tons: PM advisor Iraq's gold reserves have increased by about 10 tons, but its foreign currency reserves are down, an advisor to the prime minister told Rudaw on […]
US Announces Transition of Military Mission in Iraq
By John Lee. The United States has confirmed plans to reduce its military mission in Iraq, marking a new phase in the bilateral security relationship. Statement by Chief Pentagon Spokesman Sean Parnell on Iraq transition: In accordance with the President's guidance and in alignment with the U.S.-Iraq Higher Military Commission and the joint statement issued […]
Iraqi Firm Wins "$300m" Syrian Cement Plant Deal
By John Lee. Iraq's Vertex Investment Group has reportedly signed a Memorandum of Understanding (MoU) with Syria's Ministry of Economy and Industry to rehabilitate and expand the Hama Cement Plant. According to the state-run Syrian Arab News Agency (SANA), the agreement covers the upgrade of the third production line, raising daily clinker output from 3,300 […]
The Insurance Gap and Special Economic Projects in Iraq
By Dr Ali Abdul Kadhim Dadoush, for the Al-Bayan Center for Planning and Studies. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Assessing the impact of the fire insurance gap on the fragility of special economic projects in Iraq Insurance serves as a safeguard […]