Land Port design completed for Iraq-Kuwait Border

Multidisciplinary consultancy Khatib & Alami has completed the design for a new land port in Safwan, Basra, at the border between the Republic of Iraq and the State of Kuwait. Subject to authority approvals, the project will enhance the passage of commercial goods and people by increasing capacity to around 1,000 vehicles per day, with […]

Work Starts at Bitwen Sugar Factory

The Deputy Prime Minister of the Kurdistan Region of Iraq, Qubad Talabani, has marked the official start of construction for the Bitwen sugar factory, announcing that the government will continue to facilitate investments for similar agricultural and industrial projects. At the laying of the foundational stone ceremony, the Deputy Prime Minister highlighted the project as […]

French Development Agency considers branch in Iraq

By John Lee. The Agence Française de Développement (AFD) has reportedly said it is interested in setting up a branch in Iraq. According to Shafaq, a delegation from the French development agency made the comment during a meeting with the Governor of the Central Bank of Iraq (CBI), Mustafa Ghaleb Mukhif. The AFD's websites says […]

ICRC issues Annual Report on Iraq

While it continued to respond to needs generated by decades of conflict, the International Committee of the Red Cross (ICRC) in 2020 dedicated much of its work and efforts to help prevent or slow down the spread of the COVID-19 pandemic and mitigate other risks arising from it. It expanded its support to hospitals, primary […]

PM lays Foundation Stone for next phase of Grand Faw Port

By John Lee. Prime Minister Mustafa Al-Kadhimi has laid the foundation stone for the next phase of the giant Grand Faw Port project. This phase consists of: The construction of five berths for container ships; Creating the container storage and handling yard, and digging the inland shipping channel; Building the external navigation channel; Building a […]

GE Closes Financial Deal for Iraqi Electricity Projects

Iraqi Ministry of Finance and GE Mark Financial Close of Power Up Plan The Iraqi Ministry of Finance (MoF), GE and their financial partners have celebrated the financial close -- a critical milestone that marks the final step of a loan agreement becoming effective -- of the Power Up Plan 4 (PUP4). Under PUP4, GE […]

Iraqi Oil Minister Visits Tatneft HQ

By John Lee. On a recent visit to the Russian republic of Tatarstan, Iraq's Oil Minister Ihssan Abdul-Jabbar Ismail attended a presentation that the headquarters of the oil company Tatneft. The Iraqi delegation also visited the Taneco Oil Refining Complex, the Kama Tyres manufacturing plant, and the Nizhnekamsk Truck Tyre Factory. Nail Maganov, General Director […]

Covid-19: Govt amends Curfew, Announces New Measures

By John Lee. The Iraqi Government has issued the following announcement regarding measures to help prevent the spread of COVID-19: A partial curfew will be implemented during the blessed month of Ramadan from 20:00 to 05:00 the following morning for the first three weeks of Ramadan, while allowing restaurants to provide delivery service. A full […]

Iraqi Govt Relaxes Monetary Policy

By John Lee. The Iraqi government has said it is relaxing monetary policy to help businesses and people on low incomes. Ammar Mohammed (pictured), the Deputy Governor of the Central Bank of Iraq (CBI), said the measures include the provision of "soft" loans up to a value of 15 million Iraqi dinars (IQD) [$10,250], with […]

DNO announces Ramp-Up of Oil Production in Iraq

DNO ASA, the Norwegian oil and gas operator, today reported receipt of USD 54.0 million net to the Company from the Kurdistan Regional Government (KRG), of which USD 35.2 million represents DNO's entitlement share of February 2021 crude oil deliveries to the export market from the Tawke license in Kurdistan. Of the balance, USD 4.6 million is […]