Iraqi PM lays Foundation Stone for Al-Ghazlani City
By John Lee. Iraqi Prime Minister Mohammed Shiaa Al-Sudani laid the foundation stone for the Al-Ghazlani City housing project in Nineveh on Monday morning. The city, the second to be built as part of an initial phase of five cities, will comprise 28,000 housing units over 4,800 hectares. The second phase will see 11 residential […]
Iraq's Ministry of Oil withholds Feb Export Revenue
By John Lee. Iraq's Ministry of Oil has announced some preliminary oil export figures for February, but has not disclosed the value of oil exports for the month. This follows an increasing trend of delayed or missing oil export data from the Ministry. Total exports of crude oil: 99,592,311 barrels. Oil fields in central and […]
Toyota signs MoU for Iraq Electricity Network
By John Lee. Ziad Ali Fadel, the Minister of Electricity, presided over the signing of a memorandum of understanding for the second phase with the Japanese company Toyota [Toyota Tsusho], aimed at enhancing the networks and capabilities of electrical system. The Japanese Ambassador to Iraq was also present at the signing ceremony. According to the […]
Iraq Makes Progress on e-Payments
By John Lee. The Central Bank of Iraq (CBI) has reported an increase in foreign reserves to 148 trillion dinars [$113 billion] and deposits in the banking sector to 131 trillion dinars [$100 billion], which it says indicates a positive trend in monetary stability and financial growth. According to the state-run Iraqi News Agency (INA), […]
Stimulating Decent Work and Affordable Housing in Iraq
Joint Programme Launched to Stimulate Decent Work and Affordable Housing in Iraq A multi-partner programme to foster decent work opportunities for Iraqi youth and addressing the need for affordable housing, especially among lower-income and vulnerable populations was launched in Baghdad today. The European Union (EU) has provided 20 million Euros to the United Nations Human […]
Emirati Company eyes Iraqi Renewable Energy Market
By John Lee. Iraq's Minister of Electricity has held discussions with a delegation from the Emirati company AMEA Power, which specialises in renewable energies. During the meeting, they reviewed the current status of Iraq's electrical system and the government's efforts to enhance service quality and reliability through strategic projects. The Minister welcomed Emirati companies interested […]
Iraqi Court Rulings "Undermine Kurdish Autonomy"
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraqi federal court rulings undermine Kurdish autonomy, critics say Iraq's Federal Supreme Court (FSC) has stirred controversy over fresh rulings on public sector salaries and elections in the Kurdistan region. Observers say the […]
Iraqi Minister meets Delegation from Egyptian Transformer Company
By John Lee. A delegation from the Egyptian company Egytrafo, which specialises in manufacturing electrical transformers, met this week with Ziad Ali Fadel, the Iraqi Minister of Electricity. During the meeting, which was also attended by the Chargé d'Affaires of the Egyptian Embassy in Iraq, they discussed mutual cooperation between Iraq and Egypt, emphasizing the […]
Sites Identified for Water Harvesting Dams in Iraq
By John Lee. Iraq's Ministry of Water Resources has announced the selection of locations for "over 36" (sic) dams for water harvesting across Iraq. The ministry emphasized the intensive attention given to this project by Prime Minister Mohammed Shiaa Al-Sudani. According to the Director-General of the General Authority for Dams and Reservoirs at the Ministry, […]
Corruption "Costs Iraq Another Massive Opportunity"
By Simon Watkins 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's Endemic Corruption Costs It Another Massive Oil and Gas Opportunity British supermajor Shell last week exited Iraq's potentially game-changing US$11-billion Nebras Petrochemical Project. Shell signed the NPP deal, having […]
Iraqi PM meets Turkish Company Delegation
By John Lee. On Thursday, Prime Minister Mohammed Shiaa Al-Sudani received a delegation from the Turkish company Limak, specializing in transportation and construction projects, led by the company's founder, Mr. Nahad Ouzdemir. During the meeting, the Prime Minister highlighted the investment and developmental opportunities for the company to contribute to Iraq, particularly in infrastructure, transportation […]
Germany Establishes first Design Study Programme in Iraq
By John Lee. The University of the Arts in Bremen, Germany, (Hochschule für Künste Bremen - HfK) will partner with the College for Fine Arts in Sulaymaniyah and the Goethe-Institut Irak to establish the first design study program in Iraq. Over the next four years, the "Visual Communications" study program will be developed and designed […]