Lufthansa Resumes Flights to Erbil
By John Lee. Lufthansa has announced the resumption of flights to Erbil and Amman from Tuesday 27th August. Flights to these destinations, and to Beirut, Tel Aviv and Tehran, had been suspended due to what the German airline described as "exceptional circumstances in the region." Flights to Beirut, Tel Aviv and Tehran, remain suspended, while […]
UK Firm to supply Solar Power Plant to Iraq
By John Lee. UK-based Hydro-C has won a contract to design and supply a solar power plant for Basra Oil Company (BOC) at Iraq's Majnoon oil field. The plant will be supplied from the UK and installed in Iraq. According to a statement from the Iraq Britain Business Council (IBBC), of which Hydro-C is a […]
BP "to develop Kirkuk Oilfields on Profit-Sharing Model"
By Alex Kimani for OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. BP To Develop Iraq's Kirkuk Oil Fields On Profit-Sharing Model British oil and gas giant BP Plc (NYSE:BP) will develop Iraq's Kirkuk oil and gas fields based on a profit-sharing model […]
Development of Ur Tourist City in Dhi Qar
By John Lee. Prime Minister Mohammed Shia Al-Sudani inaugurated the first phase of the Ur Tourist City project in Dhi Qar, which includes the construction of a cultural center, an open-air Sumerian theater, a closed Ur theater, a religious dialogue center, and an administrative building. Al-Sudani also announced the start of several strategic projects, including […]
New Hospital opened in Dhi Qar
By John Lee. A new 50-bed hospital has opened in Dhi Qar. Al-Bathaa Hospital, completed as part of the Dhi Qar Reconstruction Fund, includes fully-equipped wards for children and women, as well as modern oxygen and medical gas systems. Prime Minister Mohammed Shia Al-Sudani inaugurated the new facility during his visit this week to Dhi […]
OPEC: Iraq Over-Produces Oil again in July
By John Lee. OPEC, the Organization of the Petroleum Exporting Countries, has published a revised compensation plan relating to over-production of oil in the first seven months of 2024. The new plan (see below) compensates for over-production from January to July (inclusive), with compensation taking place from this month (August 2024) to September 2025. It […]
Iraqi PM opens Nasiriyah International Stadium
By John Lee. Prime Minister Mohammed Shia Al-Sudani inaugurated Nasiriyah International Stadium in Dhi Qar province, marking the start of several projects in the area. The stadium, which has capacity for 20,000 spectators, is part of the Dhi Qar Reconstruction Fund. According to a statement from the Prime Minister's Office, the stadium was completed ahead […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 22nd Aug 2024). Please click here to view a table of listed companies and their associated ticker codes. Note: ISX will be closed on Aug. 25, 2024 (Sunday) due to a religious holiday (The fortieth of Imam Hussein). The next trading session […]
Dubai's Off-Plan Market Investment Potential: A Beginner's Guide
At the moment, buying off-plan properties in Dubai is irresistible even to the most inexperienced of investors. The buoyant real estate sector, positive economic outlook, and a plethora of infrastructural projects strengthen Dubai's position as a preferred location for property investment. This article explores off-plan market potential in Dubai focusing on prime areas with references […]
Iraq Investment Map 2024
By John Lee. Iraq's National Investment Commission (NIC) has just published its Iraq Investment Map 2024. The 283-page report includes details of investment opportunities, in addition to sectoral and regional data. Click below to download the full report: English Arabic See also Investor Guide to Iraq 2024. (Source: NIC)
Investor Guide to Iraq 2024
By John Lee. Iraq's National Investment Commission (NIC) has just published its Investor Guide to Iraq 2024. The 55-page guide gives an overview of the investment climate in Iraq. Click below to download the full report: English Arabic See also Iraq Investment Map 2024. (Source: NIC)
Chinese Firm to build TotalEnergies 1GW Solar Plant
By John Lee. China Energy Engineering Corporation (Energy China, CEEC) and France's TotalEnergies have signed an EPC contract for a 1-GW solar power project at the Ratawi [Artawi] field in Basra. According to a statement from Energy China: "This project is the first large-scale project in the Iraqi government's PV construction plan, and serves as […]