New Iraq-China Contracts for Sponge Iron Plant and $2bn Industrial City
By John Lee. Iraq's General Company for Iron and Steel has signed two major contracts in Basra under the patronage of Industry and Minerals Minister Khaled Battal Al-Najm: The first contract, signed with Al-Qaim United Company, involves the establishment of a sponge iron plant with an annual production capacity of one million tonnes. This project […]
PM Reviews Reforms at Rafidain and Rasheed Banks
By John Lee. Prime Minister Mohammed S. Al-Sudani chaired a meeting on Sunday to review the reform process for Rafidain Bank and Rasheed Bank, with representatives from Ernst & Young (EY) in attendance. The discussions focused on aligning the banks' operations with international standards, addressing debt repayment mechanisms, and enhancing staff training. The Prime Minister […]
$374m Chinese Investment in Iraqi Medical City
By John Lee. Iraq has signed a contract with China State Construction Engineering Corporation (CSCEC) to build a comprehensive Medical City in Dhi Qar Province. The 490 billion Iraqi dinar [$374 million] project was finalized under the supervision of the Dhi Qar Reconstruction Fund and the Ministry of Health. During the signing ceremony, Prime Minister […]
Iraq to Restart Nitrogen Fertiliser Production after 40 Yrs
By John Lee. Iraq's Minister of Industry and Minerals, Khaled Battal Al-Najm, laid the foundation stone for a new nitrogen fertiliser plant in Abu Al-Khasib, Basra, on Sunday, marking the revival of production after more than 40 years. The plant, with an annual capacity of one million tonnes, will be developed at a cost of […]
Foundation Stone laid for Sponge Iron Plant in Basra
By John Lee. Iraq's Minister of Industry and Minerals, Khaled Battal Al-Najm, has laid the foundation stone for a sponge iron plant in Basra. The plant, belonging to the General Company for Iron and Steel, will have a production capacity of one million tonnes per year. The project aims to ensure a steady supply of […]
Work Begins at Baghdad's new Waste-to-Energy Power Plant
By John Lee. Construction has started on the Waste-to-Energy Power Plant Project in Al-Nahrawan, Baghdad. With a capacity of 100 megawatts, the plant will use high-efficiency complete combustion technology, according to a statement from the Media Office of the Prime Minister. Iraq's Council of Ministers approved the project in February, awarding it to the Chinese […]
£1.1m Contract for AI Video Analytics in Iraq
By John Lee. icetana Limited (ASX:ICE) has announced its first contract in Iraq, securing a US$1.09 million deal with HTE Electronics Trading LLC, the Dubai-based subsidiary of Al-Technologia Al-Alia Co. for General Trading Ltd (High Tech). The company describes itself as, "a global SaaS software company providing video analytics technology designed to identify abnormal events […]
Construction Starts on Iraq's Tallest Bridge
By John Lee. Following laying of the foundation stone by Kurdistan Regional Government (KRG) Prime Minister Masrour Barzani, construction has officially begun on the 40-metre road project in Soran. The five-kilometres-long highway will feature three lanes in each direction, alongside a 2.5-metre-wide pedestrian pavement on both sides. A key highlight of the project is a […]
New Sustainable Residential Development in Najaf
By John Lee. Dar Al Omran Rasem Badran (DAO-Badran) has unveiled its latest architectural project in Iraq. Developed in partnership with Al Ghadeer and BMC, Budoor Al-Najaf seeks to establish a human-centred, culturally integrated and environmentally resilient community in Najaf. Spanning approximately 50 hectares [123 acres], the development will house more than 1,400 homes available […]
Federation Council to help address Iraq's 'State' Crisis?
By Mustafa Hamza Mustafa, for Chatham House. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Can the Federation Council help address Iraq's ongoing 'state' crisis? Article 65 of Iraq's 2005 Constitution calls for the establishment of a second legislative chamber known as the Federation […]
Iraq responds to Wye Oak petition in US Supreme Court
By John Lee. The Republic of Iraq has responded to a petition from American defense contractor Wye Oak Technology, which had petitioned the U.S. Supreme Court to review its long-running legal dispute with Iraq. The case stems from a ruling by the U.S. Court of Appeals for the District of Columbia Circuit in July 2024, […]
Int'l Health and Safety Passport delivered in Iraq for first time
By John Lee. The first Iraqi cohort to complete the Engineering Construction Industry Training Board's International Health and Safety Passport (IHSP) have been presented with their certificates. The 15 learners completed the IHSP Foundation course as part of a five-month pilot construction training programme at Basra Technical Training Centre (BTTC), developed by Wood Al Majal […]