FULL DETAILS: Japan signs $388m Loan for Basrah Refinery Upgrade
By John Lee. The Japan International Cooperation Agency (JICA) signed a $388-million loan agreement with Iraq on Sunday, to provide Japanese ODA loan for the sixth phase of the Basrah Refinery Upgrading Project. In a statement, JICA said: "This project aims to improve the quality and productivity of petroleum products, reduce the supply-demand gap, decrease […]
UNDP publishes Key Iraq Development Documents
By John Lee. The United Nations Development Programme (UNDP) has published advance documentation ahead of its First Regular Session 2025, scheduled to be held from 27th to 31st January, 2025. The following documents are advance copies subject to change in the final versions: Draft country programme document for Iraq (2025-2029) Evaluation Plan, guiding the strategic […]
US Firm updates Iraq Development Management System (IDMS)
By John Lee. The Iraqi Ministry of Planning organized a workshop to discuss updates and enhancements to the Iraq Development Management System (IDMS). Sief Falah Hassan, head of the Office Monitoring and Project Management Department, highlighted that the system integrates various components, including international cooperation, proposed and approved projects, a comprehensive project bank, national development […]
New Korean Hospital Opens in Baghdad
By John Lee. Prime Minister Mohammed S. Al-Sudani has officially opened the Iraqi-Korean Critical Care Specialty Hospital at Baghdad Medical City. The newly inaugurated hospital, described as the first of its kind in Iraq, consists of four floors with a capacity of 74 beds, three operating theaters equipped with the latest medical devices, and an […]
Drought Impact on Displaced and Returnee Iraqis
From the Norwegian Refugee Council (NRC). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Cracked Earth, shrinking harvest: Drought impact on displaced and returnee Iraqis This report explores an often-overlooked theme: the impact of climate on individuals and communities who are still displaced. How-if […]
Almas Group: Supporting Iraq's Oil and Gas Sector through Specialized Logistics
Almas Group: Supporting Iraq's Oil and Gas Sector through Specialized Logistics The oil and gas sector is key to Iraq's economic growth, generating significant revenue and development. As the industry grows, efficient supply chain solutions are essential for improving production and operations. Almas Group plays a crucial role by offering specialized logistics and supply chain […]
UN announces $1.3m Contract for Education MIS in Iraq
By John Lee. iMMAP Inc., a US-based nonprofit organization that provides information management services to humanitarian and development organizations, has won a contract with the United Nations Educational Scientific and Cultural Organization (UNESCO) for "Operating, Maintaining, Training, and Further Development of the Education Management Information System (EMIS) for the Ministry of Education under 'Equitable Quality […]
Plans for Rail Link from Basra to Sharm El-Sheikh
By John Lee. A senior Spanish official has said that Spain is cooperating with Iraq to extend the railway from Basra to Egypt's Sharm El-Sheikh. State-run Iraqi News Agency (INA) quotes Alicia Rocío Varela Donoso, Director General of International Trade and Investment for Spain, as saying: "There are very good companies in the field of […]
Record Cement Production at Badoush
By John Lee. The Iraqi State Company for Cement, part of the Ministry of Industry and Minerals, has announced a record production milestone at the Badoush Expansion Cement Plant in October. General Manager Engineer Aqeel Abdul Ali Radam highlighted that the plant exceeded its production targets, achieving 89,568 tons of clinker and 76,656 tons of […]
Iraq Commences Drilling 100th Well at East Baghdad
By John Lee. Iraq's Ministry of Oil has announced the commencement of drilling the 100th well in the East Baghdad Field (Southern Zone). Operated by Midland Oil Company and EBS Petroleum, a body registered in Iraq to conduct the petroleum operations on behalf of China's ZhenHua Oil, this marks Iraq's first horizontally drilled well in […]
Iraq, World Bank discuss Advisory Project to Support Reforms
By John Lee. The Iraqi Ministry of Planning held a meeting with the World Bank's Reform, Recovery, and Reconstruction Fund team to discuss a proposal for advisory services and support for implementing selected reform strategies. The $3.6-million project, funded by the World Bank, aims to enhance transparency and the efficiency of public services through policy […]
UNDP awards Contract for Water Supply in Salahuddin
By John Lee. Baghdad-based Future City Co for General Contracts Ltd has won a contract with the United Nations Development Programme (UNDP) for the "Rehabilitation of a main water Conveyor pipe and steel supports in the Aqsu River of Touz - Kifry WTP- Salahuddin Governorate." Contract value is stated as $182,900.76. (Source: UNGM)