Baghdad Historical Rehabilitation Project: Third Phase to Launch
By John Lee. Prime Minister Mohammed S. Al-Sudani chaired a meeting on Monday to finalise preparations for the third phase of the Baghdad Historical Rehabilitation Project. This phase focuses on restoring Al-Midan, Al-Rusafi Square, and Al-Rasheed Street, areas central to Iraq's modern history. Aligned with Baghdad's recognition as the Arab Tourism Capital for 2025, the […]
IDC completes New Well at Siba Gas Field
By John Lee. The Iraqi Drilling Company (IDC) has completed drilling a new injection well in the Siba Gas Field in Basra Province. The well, drilled to a depth of 1,215 meters, marks the first project completed under a contract with Kuwait Energy. Kuwait Energy recognized the drilling team's exceptional performance, awarding them for completing […]
UNDP Contract for Rubble Removal
By John Lee. Bab Al Karama Company has won a contract with the United Nations Development Programme (UNDP) for "Rubble Removal and Cleaning the Irrigation Channels (9L2L & 9L5R) in Shirween." Contract value is stated as $130,006.89. (Source: UNGM)
4 Untapped Investment Opportunities in Iraq
By John Lee. Iraq Venture Partners (IVP) has identified four main areas as untapped investment opportunities in the Iraqi market: Fintech: Limited access to formal banking creates demand for mobile payment solutions and digital financial products. There is room for growth in areas like peer-to-peer lending, microfinance, and digital banking solutions that enhance financial inclusion, […]
IBBC holds successful Dubai Business Conference
From the Iraq Britain Business Council (IBBC). IBBC holds successful Dubai business conference with senior membership and government dignitaries IBBC held a successful two-day conference in Dubai including a full education day followed by the business day, attended by senior officials from Iraq including HE Mohammed Al Darraji, senior technical advisor to the Iraqi PM […]
Enhancing Collaboration between Iraqi Stock Exchange and ADX
By John Lee. During an official visit to Abu Dhabi, Iraqi Securities Commission (ISC) President Faisal Al-Haimus met with Abdulla Salem Alnuaimi, CEO of Abu Dhabi Securities Exchange Group (ADX), to explore enhancing collaboration between the Iraqi Stock Exchange (ISX) and ADX. Discussions focused on integrating ISX into the Tabadul Digital Exchange Hub, a cross-border […]
Mosul Space launches Nineveh's First Youth-Led Climate Club
By John Lee. The innovation and tech hub Mosul Space has inaugurated Climate Space, Nineveh's first youth-led club dedicated to addressing local environmental and sustainability issues. The opening session introduced the initiative's mission to empower young leaders, tackling problems such as water scarcity, waste management, and the lack of green spaces. Planned activities include tree-planting […]
Iraq Advances Baghdad Airport Development with IFC Support
By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani chaired a meeting on Monday with an International Finance Corporation (IFC) delegation, alongside the Minister of Transportation and key advisors, to review progress on the Baghdad International Airport Development Project. Discussions focused on implementing IFC-established criteria for selecting a leading global firm to oversee the airport's […]
Netherlands, IVP launch Orange Corners Innovation Fund (2nd Phase)
By John Lee. The Netherlands and Iraq Venture Partners (IVP) have launched the second phase of the Orange Corners Innovation Fund (OCIF) at a signing ceremony held at the Embassy of the Netherlands in Baghdad. The EUR 2.6-million fund, financed by the Netherlands and implemented by IVP, aims to support young Iraqi entrepreneurs with technical […]
Supporting Youth-Led SMEs at "Riyada" Initiative Conference
By John Lee. The "Riyada" Initiative Conference was held on Saturday in Baghdad under the theme: "Investing in Human Potential to Enhance Iraq's Economy... Toward an Entrepreneurial Society." According to a statement from Prime Minister's office, the event showcased the government's commitment to empowering youth through entrepreneurship as a core pillar of economic development. Prime […]
Al-Siniya Refinery Increases Capacity
By John Lee. The North Refineries Company (NRC) has announced a 20,000-barrel-per-day (bpd) increase in production capacity at the Al-Siniya refinery, raising its output to 50,000 bpd. Director General Adnan Mohammed Hamoud highlighted that the project was completed within six months, with the operation of two new production units, each adding 10,000 bpd. The refinery's […]
New Company Registration Directorate Opens in Baghdad
By John Lee. The new headquarters of the Company Registration Directorate, part of the Ministry of Trade, was opened in Baghdad on Saturday by Prime Minister Mohammed S. Al-Sudani. The event marked what his office described as a significant step in the government's ongoing initiative to modernise institutional operations and align them with modern technological […]