National Investment Commission Explores Non-Oil Investments with UNDP
By John Lee. The National Investment Commission (NIC) Chairman, Dr Haider Mohammed Makiyya [Makia], met with representatives from the United Nations Development Programme (UNDP) to discuss potential non-oil investment projects in Iraq. Key projects under discussion included: Fibre optic cable infrastructure. High-quality silica sand investment. Soil enhancement technologies to combat desertification. Climate investment strategy, recently […]
Tribunal Appointed in Agility Arbitration Case
By John Lee. An arbitration tribunal has been appointed in the case of Agility Public Warehousing Company K.S.C. v. Republic of Iraq (ICSID Case No. ARB/17/7). Its members are: Sarah Grimmer (New Zealand), President, appointed by agreement of the Parties; Stephen L. Drymer (Canadian), appointed by Claimant; and Dr. August Reinisch (Austrian), appointed by Respondent. […]
KBR discusses Blue Ammonia Plant with National Investment Commission
By John Lee. The National Investment Commission (NIC) held an extensive meeting with KBR on March 4, 2025, to explore the development of Iraq's first blue ammonia plant in Basra. According to the UK's Royal Society, 'blue ammonia' is ammonia produced using 'blue hydrogen', i.e. hydrogen produced by steam methane reforming (SMR) where the carbon […]
$600k Contract to Build Houses in Anbar
By John Lee. Al-Fityan Company For General Contracts has won a contract with the United Nations Office for Project Services (UNOPS) for the construction of 20 housing units in Ana district, Anbar. The contract value was stated as $608,961. (Source: UNGM)
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 13th March 2025. Please click here to view a table of listed companies and their associated ticker codes. Note: ISX will be closed on Mar. 16, 2025 (Sunday) due to a public holiday. The next trading session will be held on Mar. […]
Iraq Wins in $1bn Arbitration Case against German Firm
By John Lee. Iraq's Ministry of Justice has said it has successfully defended Iraq in a $1-billion international arbitration case filed by Germany's AHG Industry GmbH & Co. KG at the World Bank's International Centre for Settlement of Investment Disputes (ICSID). According to the statement from the Ministry on Tuesday (11th March), the dispute stemmed […]
$2.8bn Iraq Defense Contract: Companies "Struggle for Control"
By Kim Ji-hwan, for ChosunBiz. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Hanwha and LIG Nex1 struggle for control in Iraq missile export negotiations Industry rivalry hinders progress on missile sale to Iraq as firms seek dominance. The full article can be viewed […]
List of New 100-Bed Hospitals Under China Agreement
By John Lee. The Ministry of Health has announced details of the 100-bed hospital series under the Iraq-China agreement, specifying the provinces and expected completion timeline. Ministry spokesperson Seif Al-Badr confirmed that contracts with reputable global companies are ongoing, with daily oversight from Health Minister Dr. Saleh Mahdi Al-Hasnawi. The hospitals will be constructed in: […]
World Bank Reaffirms Commitment to Supporting Iraq
By John Lee. Iraq's Minister of Finance, Taif Sami, met with Jean-Christophe Carret, the World Bank's representative in Iraq, to discuss strengthening economic and financial cooperation. The discussions focused on strategic projects aimed at stimulating economic growth, creating jobs, and developing infrastructure and human capital. Minister Sami emphasized Iraq's commitment to leveraging technical and financial […]
UNDP Discusses Iraq's Industrial Development Strategy
By John Lee. Iraq's Ministry of Industry and Minerals has engaged in discussions with the United Nations Development Programme (UNDP) to enhance industrial and economic development. The meeting, chaired by Deputy Minister for Planning Ahmed Abdul Jabbar Ali, focused on cooperation mechanisms to support Iraq's 2024-2030 Industrial Strategy. The Deputy Minister highlighted the ministry's policy-making […]
NIC holds Meeting for Energy Services Economic Cities
By John Lee. Iraq's National Investment Commission (NIC) has held a preparatory meeting for the Energy Services Economic Cities Initiative, aimed at supporting local economic diversification and attracting foreign investment in the energy sector. NIC Chairman Dr. Haider Mohammed Makia [Makiyya] emphasised that these specialised cities will serve as hubs for global and local companies […]
Al-Fatha Bridge Reconstruction
By John Lee. Prime Minister Mohammed S. Al-Sudani has officially inaugurated the reconstructed Al-Fatha Bridge over the Tigris River, restoring a crucial transportation link between Salah al-Din and Kirkuk Governorates. The 540-meter bridge, which was destroyed during the war against ISIS, has been rebuilt with enhanced capabilities following the Prime Minister's directive to accelerate its […]