Iraqi Govt Approves Completion of 30,000 Housing Units
By John Lee. The Iraqi Cabinet has approved the completion of 30,000 housing units at the Basmaiyah residential complex outside Baghdad. Payment via Rafidain Bank to the Korean company Hanwha for completed housing units was also approved. The National Investment Commission (NIC) was also authorized to proceed with the remaining 70,000 units. (Source: Media Office […]
President of Iraq Meets Saudi Businessmen
By John Lee. On Sunday, the President of the Republic of Iraq, Abdullatif Jamal Rashid met with the Saudi Commerce Minister and Head of the Saudi-Iraqi Coordination Council, Majid al-Qasabi alongside a group of Saudi businessmen. At the meeting, President Rashid urged Saudi businessmen to invest in Iraq, assuring government support and facilities for investors. […]
Foreign Currency at Iraqi Private Banks to be Increased
By John Lee. The Central Bank of Iraq (CBI) has reportedly made agreements to support several private Iraqi banks with foreign currency. State-run Iraqi News Agency (INA) quotes a government source as saying that, following meetings in Abu Dhabi with US officials, it has been agreed, "to boost the advance balance of five Iraqi banks […]
Share Rise on Possible Resumption of Kurdistan Oil Sales
By John Lee. On Sunday, senior officials from the Iraqi Federal Government in Baghdad met with KRG Prime Minister Masrour Barzani and his team to discuss the resumption of oil exports via the Iraqi-Turkish Pipeline (ITP) the Turkish port of Ceyhan. Deputy Prime Minister for Energy and Minister for Energy Affairs and Oil, Hayan Abdul-Ghani, […]
New Park planned for Erbil
From Kurdistan24. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. New, modern park to be built in Erbil A large-scale park is to be constructed in Erbil at a cost of more than $1 million, according to a statement from the Erbil Governorate. Click […]
Italian Firm to carry out Conservation Works at Mosul Mosque
By John Lee. Italy's Consorzio Arke has won a contract with the United Nations Educational, Scientific and Cultural Organization (UNESCO) for the "Execution of Conservation Works on the three Mihrabs of the Al Nouri Mosque, Mosul." The contract is valued at $159,830. The mosque was badly damaged during the war against the so-called Islamic State […]
Contract Awarded for Rehabilitation of Damaged Houses in Sinjar
By John Lee. Fallujah-based Aswar Al-Dammam for General Contracting has won a contract with the United Nations Assistance Mission for Iraq (UNAMI) for the "Rehabilitation of 153 Damaged Houses in Sinjar District, Ninewa Governorate". The contract is valued at $665,752.38. The potential end date is given as Sunday, April 27, 2025. (Source: UN)
A Year of Mixed Results for Iraq's Sudani
By Rend Al-Rahim, Former Iraqi Ambassador to the US, for The Arab Center Washington DC. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. A Year of Mixed Results for Iraq's Sudani Iraqi Prime Minister Mohammed Shi`a al-Sudani completed his first year in office […]
Iraq's Mental Health Crisis: A Way Forward?
By AbdulRahman A Saied, Sirwan Khalid Ahmed, Asmaa A Metwally and Hani Aiash, for The Lancet. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq's mental health crisis: a way forward? For the past 20 years, mental health in Iraq has been a […]
Construction of Stormwater Networks in Basra
By John Lee. Baghdad-based Sar Albraa for General Contract and Trade has won a contract with the United Nations Assistance Mission for Iraq (UNAMI) for the "Construction of Stormwater and Water Networks in Al Kubiya Neighbourhood, Basra Governorate." The contract is valued at $235,510. The potential end date is given as Thursday, October 23, 2025. […]
"Caribbean Passports": Dominica Welcomes Prominent Iraqs
By Hala Nasreddine for Daraj. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. "Caribbean Passports": Dominica Welcomes the Barzani Family and the Former Governor of the Central Bank of Iraq Buying foreign passports is not a new phenomenon in Iraq; it is widespread […]
Iraq "Struggles to Thwart Iran Proxies' Attacks"
By Adam Lucente for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq struggles to thwart Iran proxies' attacks as US ups rhetoric The Iraqi government is trying to avoid becoming a battleground in the Israel-Hamas war as Iran-backed militias continue […]