Housing and Forestry Project for Al-Rasheed Camp
By John Lee. The Iraqi government has approved the transformation of the former Al-Rasheed military camp in eastern Baghdad into sustainable forests and recreational areas. The plan also includes the construction of a 12,000-unit residential complex on the site, replacing previous land allocations. Development will focus on environmentally friendly specifications and recreational activities, while an […]
Iraq Launches Major Industrial Projects in Karbala Industrial City
By John Lee. Prime Minister Mohammed Shia Al-Sudani has inaugurated the construction of four key chemical and industrial projects in Karbala Industrial City. The projects include: an industrial gases plant (1,000 tons/day); a white oils plant (1,000 m³/day); an organic solvents plant (1,000 m³/day); and a vacuum distillation plant (2,500 tons/day). The new industrial city, […]
Lufthansa Extends Suspension of Flights to Erbil
By John Lee. Lufthansa has announced an extended suspension of passenger and cargo flights to Amman, Beirut, Erbil, Tel Aviv and Tehran. The suspension will now last up to and including 26th August. In an earlier announcement, the German airline blamed the decision on what it described as "exceptional circumstances in the region," adding that […]
HRW: Iraqi Parliament Poised to Legalize Child Marriage
From Human Rights Watch (HRW). Any opinions expressed are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq: Parliament Poised to Legalize Child Marriage Iraq's parliament is moving forward an amendment to the country's Personal Status Law that would allow Iraqi religious authorities, rather than state law, to govern […]
Iraq to Launch 10,000 MW Electricity Mega Project
By John Lee. Prime Minister Mohammed Shia Al-Sudani has said that Iraq will launch a massive project to produce 10,000 MW of electricity. The project, based on what he described as a "new economic model", is set to be unveiled to the private sector, "after it has been studied by a team of consultants and […]
New UN Report on Corruption Cases in Iraqi Kurdistan
The United Nations Development Programme (UNDP) has released the Trial Monitoring Report on grand corruption cases across the Kurdistan Region of Iraq, marking a significant milestone in curbing corruption in Iraq. The report highlights substantial progress by the Kurdistan Regional Government (KRG) in combating corruption and offers deep insights into the region's judicial proceedings through […]
Iraq Begins Three Major Power Projects in Karbala
By John Lee. Iraqi Prime Minister Mohammed Shia Al-Sudani has initiated the construction of three major power projects in Karbala: a 132 MW combined cycle gas power plant; a 300 MW solar power project; and the 400 kV Karbala transmission substation with a capacity of 1500 MVA. According to a statement from the Prime Minister's […]
5K for Iraqi Orphans and Vulnerable Children
The Iraqi Children Foundation (ICF) is pleased to announce five distinguished individuals to headline the 5K as "Honorary Co-Chairs". ICF is grateful to each one in the ways they have lent their voice and support to the cause of Iraq's orphans and most vulnerable kids: His Excellency Nazar Al Khirullah, Ambassador of the Republic of […]
Iraq-China Trade expected to Grow 20% this year
By John Lee. The Ambassador of the Republic of Iraq in Beijing, Mr. Shorsh Khalid Saeed, met with the Chairman of China Council for the Promotion of International Trade (CCPIT), Mr. Chen Xiaofeng and his accompanying delegation, at the Embassy headquarters. According to a statement from Iraq's Ministry of Foreign Affairs, Ambassador Saeed commended the […]
Iraq "Moves to Profit-Sharing" in New Oil Contracts
By Charles Kennedy for the OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq Moves to Profit-Sharing Terms in New Oil and Gas Contracts Iraq seeks to attract more investment in its oil and gas industry by moving to profit-sharing contracts for new […]
900 Lebanese Companies Operating in Iraq
By John Lee. Iraqi Foreign Minister Fuad Hussein received the Lebanese Ambassador Mr. Ali Al Habhab at the Ministry's headquarters in Baghdad on Tuesday. Among other items, the meeting discussed economic and investment relations and cooperation at various levels; the Lebanese Ambassador indicated that there are about 900 Lebanese companies operating in Iraq, including 600 […]
DNO Increases Spending in Iraqi Kurdistan
By John Lee. DNO has announced that it has increased spending in Iraqi Kurdistan during the second quarter of 2024, to optimize production from existing wells at the flagship Tawke license (DNO 75 percent and operator), "raising gross output from the Tawke and Peshkabir fields to an average of 83,500 boepd in the first half […]