Iraqi-French Business Council explores Strategic Projects
By John Lee. The Chairman of Iraq's National Investment Commission (NIC), Dr. Haider Mohammed Makiyya, held a meeting with Adham Al-Fakhar, Chairman of the Iraqi-French Business Council, and its members to discuss promising strategic investment projects. Dr. Makiyya emphasized the NIC's commitment to advancing a forward-looking investment policy that prioritizes innovative projects to strengthen Iraq's […]
Former NIC Chair Sentenced over Unlawful Wealth Accumulation
By John Lee. Iraq's Commission of Integrity has announced a court ruling sentencing Suha Dawood Elias Al-Najjar, former Chair of the National Investment Commission (NIC), to seven years in prison. The charges relate to alleged unlawful wealth accumulation and illicit gains. The Central Anti-Corruption Criminal Court issued the verdict in absentia, finding Al-Najjar guilty of […]
Baghdad Sustainable Forests Project launched
By John Lee. Prime Minister Mohammed S. Al-Sudani has launched the Baghdad Sustainable Forests Project, which will be developed on the former Al-Rashid Camp. Area: Over 1,200 hectares (approximately 4,800 dunams; 3,000 acres). Economic Impact: Expected to generate 80,000 job opportunities. Significance: First project of its kind in Iraq and the region in terms of […]
Project to drive Decent Work and Affordable Housing in Iraq
By John Lee. The Ministry of Planning (MoP), in collaboration with the International Labour Organization (ILO), UN-Habitat, and the International Trade Centre (ITC), hosted the first Steering Committee Meeting of the Building Equitable and Inclusive Transformation (BEIT) Towards Decent Work and Affordable Housing in Iraq project, funded by the European Union (EU). The BEIT initiative […]
Hanwha Resumes Bismaya New City Project
By John Lee. The Chairman of the National Investment Commission (NIC), Dr. Haider Mohammed Makiyya, has announced the signing of a pivotal addendum to the contract for the Bismaya Residential City project. The agreement focuses on: Implementing Infrastructure and Social Services: Ensuring essential facilities and public services in the city. Completing 70,560 Housing Units: Resuming […]
"Increasingly Hostile Environment" for Iraqi HRDs and Journalists
By John Lee. Front Line Defenders, an international NGO based in Ireland with special consultative status with the Economic and Social Council of the United Nations (ECOSOC), has prepared a report on human rights in Iraq. The report is prepared for the 46th session of the Working Group on the Universal Periodic Review (UPR), overseen […]
Quality-Assured Training on Sustainable Reintegration in Iraq
From the International Centre for Migration Policy Development (ICMPD). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Quality-assured training on sustainable reintegration in Iraq ICMPD hosted the first training on Reintegration for Migration Policy Makers and Programme Professionals in Baghdad, for senior officials from […]
Iraq's Newfound Stability is about to be Tested
By Renad Mansour, for World Politics Review. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq's Newfound Stability Is About to Be Tested Amid the fighting that continues to grip much of the Middle East, Iraq-a country that for decades was at the […]
Enhancing Living Conditions in the Japan Village Project
From UN Habitat: Toyota Iraq Joins UN-Habitat to Enhance Living Conditions in the Japan Village Project UN-Habitat Iraq and Toyota Iraq formalised a new partnership during a signing ceremony at Toyota Iraq's office in Erbil. The newly launched initiative aims to enhance infrastructure and living standards for approximately 9,000 residents of the Japan Village and […]
OPEC+ Reviews Oil Production Targets
By John Lee. On Thursday, Saudi Arabia, Russia, Iraq, United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman held a virtual meeting on the sidelines of the 38th OPEC and non-OPEC Ministerial Meeting (ONOMM). Objective: Reinforce precautionary efforts. Support stability and balance in the global oil markets. Key Decisions: Extension of April 2023 Adjustments: Adjustment Volume: […]
US Extends Waiver allowing Iraq to pay Iran for Electricity
By John Lee. At a press briefing this week, US State Department spokesperson Vedant Patel (pictured) said the United States has issued another 120-day waiver to allow Iraq to continue importing electricity from Iran. Addressing a question from the floor, Patel said: "On November 7th, the department did renew Iraq's electricity waiver for the 23rd […]
Hackathon: Innovative Ideas for Sustainable Housing
From Mosul Space. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Innovative Ideas for Sustainable Housing Showcased at BEIT Green Home Hackathon The BEIT Green Home Hackathon, held on November 6th, 9th, and 10th, brought together 35 architects, engineers, students, and entrepreneurs at Mosul […]