Iraq Signs Contract for Vertical Residential Complex
By John Lee. The National Investment Commission (NIC) has signed an investment contract with Al-Ramla for the development of a fully serviced vertical residential complex. The project will feature up to 3,840 housing units, a five-star commercial hotel, a shopping center, a business hub, and various integrated services, aiming to provide modern housing solutions and […]
Iraq, Nokia Explore Partnership on Digital Transformation and 5G
By John Lee. Prime Minister Mohammed Shia Al-Sudani met on Monday with Ms. Anu Saarela, Ambassador of Finland to Iraq, and a delegation of executive directors from Nokia, the Finnish telecommunications and IT company. Discussions focused on expanding cooperation in information technology and advanced digital infrastructure. The Nokia team outlined its plans to support Iraq's […]
Baghdad Film Foundation Partners with 1001
By John Lee. At the Cannes Film Festival 2025, the Baghdad Film Institute (BFI) announced a strategic partnership with 1001 Media, Iraq's leading digital streaming platform. This collaboration aims to foster the growth of the film industry, build an integrated production system, enhance regional and international networking among filmmakers, and expand the reach of Iraqi […]
Kia overtakes Toyota as Top-Selling Car Brand in Iraq
By John Lee. Vehicle sales in Iraq have reportedly risen 24.1 percent year-on-year, for the first quarter 2025. According to a report from Focus 2 Move, South Korea's Kia overtook Japan's Toyota to become the top-selling manufacturer in Iraq, with MG of China coming in third place. The biggest selling individual model was the Toyota […]
Internet Cut Off for 2 Hours for Exams
By John Lee. Iraq's Ministry of Communications has said that internet services throughout the country were cut off for two hours on Monday during the general exams for middle school students. It said the cut, from 6:00 a.m. to 8:00 a.m., was "based on higher directives and at the request of the Ministry of Education." […]
UK Firm secures O&M Contract for Maysan Power Plant
By John Lee. Scottish-based EthosEnergy has been awarded a multimillion-dollar Operations and Maintenance (O&M) contract for the Maisan [Maysan, Missan] Combined Cycle Power Plant near Basra. The three-year contract, EthosEnergy's first comprehensive third-party Care, Custody and Control agreement in the Middle East, covers operations, inspections, and maintenance of the 850 MW facility. The power plant, operated […]
Iraq Launches New Oil Services Centre in Basra
By John Lee. The Iraqi Centre for Oil Services, a strategic partnership between Basra Oil Company (BOC), the Arab Well Logging and Oil Services Company (AWLCO), and Gilgamesh Oil Services, has been inaugurated by Minister of Oil, Hayan Abdul Ghani. Speaking at the event, he highlighted the centre as a milestone in Iraq's oil industry, […]
Important Initiatives announced at Arab Summit in Baghdad
By John Lee. A series of important initiatives have been announced at the 34th Session of the Arab Summit, and the 5th Arab Economic and Social Development Summit, held in Baghdad on Saturday: Arab Food Security Initiative for Grains The Baghdad Initiative to Enhance Arab Cooperation on Environmental and Climate Challenges Arab Initiative to Provide […]
South Refineries Company Nears Completion of FCC Project
By John Lee. Iraq's South Refineries Company (SRC) is nearing the completion of its Fluid Catalytic Cracking (FCC) project, with 98% of the work done. Deputy Prime Minister and Minister of Oil, Hayan Abdul Ghani, emphasized the importance of boosting production to achieve self-sufficiency in petroleum products during his visit to the site. The project, set […]
Rafidain Bank launches Phase II of Entrepreneurship Initiative
By John Lee. Iraq's state-owned Al-Rafidain Bank has announced the launch of the second phase of its "Riyada" initiative [Iraqi Riyada Network for Access Development and Advancement, IRADA Network], following the success of the first phase, which it says funded over 8,000 productive projects with a total of more than 107 billion IQD [$82 million]. The […]
Revenue and Profit Up at Zain Iraq
By John Lee. Kuwait's Zain Group has reported increased revenue and profit at its Iraqi telecom business: Revenue Growth: In Q1 2025, Iraq's revenue grew by 13% to reach USD 286 million. EBITDA Growth: EBITDA increased by 13% to USD 105 million, reflecting an EBITDA margin of 37%. Net Income: Net income soared by 73% […]
Iraq and China launch $2bn Industrial City in Basra
By John Lee. Iraq's Minister of Industry and Minerals, Prof. Eng. Khaled Battal Al-Najm, has launched the Green Mountain Industrial City project in Basra, marking Iraq's first industrial city of its kind. The project is a strategic partnership between the General Company for Iron and Steel and China's Tsingshan. Spanning 2,000 dunams, the city will […]