Iraq allocates $19m for new Civil Defense Centers
By John Lee. The Iraqi Cabinet has decided to allocate 25 billion dinars [$19 million] from the Ministry of Finance's emergency reserves to the Ministry of Interior. The funds will be added to the investment budget of the Civil Defense Directorate to enable the construction of 100 low-cost civil defense centers using a direct implementation […]
Iraqi State takes Share in New Housing Projects
By John Lee. In its 41st regular session, chaired by Prime Minister Mohammed Shia Al-Sudani, the Iraqi Cabinet approved the allocation of four new residential city projects to foreign and local companies based on recommendations from the ministerial team established under Cabinet Resolution (23121) of 2023. The projects are as follows: New Al-Juwayriyah [Jawahiri] City […]
Iraq Plans Factory with Mercedes and MAN
By John Lee. An advisor to the Iraqi Prime Minister has reportedly announced Iraq's intentions to build factories for the German companies Mercedes and MAN. Al Iqtisad quotes Mohammed Sahib al-Daraji as saying that this initiative is a result of a memorandum of understanding (MoU) signed by Iraq's Defence Industries Commission (Military Industrialization Authority) and […]
Kurdistan Region Strengthens Commercial Ties with Pakistan
Kurdistan Region Strengthens Commercial Ties with Pakistan On Wednesday, October 11, 2023, Kamal Muslim, the Minister of Trade and Industry for the Kurdistan Regional Government (KRG), held a meeting with Ahmed Amjad Ali, the Ambassador of Pakistan to Iraq. During the meeting, both parties discussed strategies to enhance bilateral trade relations, with a special emphasis […]
IDC Rehabilitates Two Oil Wells in Kirkuk
By John Lee. The Iraqi Drilling Company (IDC) has successfully completed the rehabilitation of two oil wells in the Khubaz and Jambour oil fields in Kirkuk. The rehabilitation of Khubaz Well 43, using the IDC 206 drilling rig, marks the company's first well rehabilitation as part of a project to rehabilitate nine wells for the […]
Addressing Environmental and Agricultural Challenges in Iraq
FAO Strengthens Commitment to Iraq in Addressing Environmental and Agricultural Challenges Following the meeting of the Director-General of the Food and Agriculture Organization of the United Nations (FAO), Dr. Shu Donio, with His Excellency the President of the Republic of Iraq, Abdul Latif Rashid, during the United Nations Water Conference 2023, in which Iraq reaffirmed […]
World Vision Iraq Annual Report 2022
By John Lee. This annual report provides an overview for the work that World Vision has done in Iraq during FY22, which covers the period of 1 October 2021 and 1 October 2022. Click here to download the full report. (Source: World Vision)
Will Iraqi Kurdistan's rail ambitions lead anywhere?
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Will Iraqi Kurdistan's rail ambitions lead anywhere? The Kurdistan Regional Government (KRG) is reviving longstanding efforts to build a railway that would connect neighboring Iran and Turkey through territory it controls. The development follows […]
Iraqi Oil Minister meets with Gazprom Officials in Russia
By John Lee. During his official visit to the Russian Federation, Deputy Prime Minister for Energy and Oil Minister, Hayan Abdul Ghani, met with Alexander Dyukov, Chairman of Gazprom Neft's Board of Directors, along with other company officials. The Russian Ambassador to Iraq, Elbrus Kutrashev, also attended the meeting. The discussions primarily revolved around bilateral […]
Dhi Qar Oil Company Embraces Renewable Energy
By John Lee. The Director General of Dhi Qar Oil Company (DQOC), Ali Khudair Abbas, has unveiled the company's plans to transition to solar energy systems for supplying electricity to oil fields, facilities, and its departments. He said that this move aligns with the directives of the Minister of Oil to adopt renewable energy for […]
Erbil Asphalt Recycling Project
By John Lee. A factory in Erbil is recycling road materials, specifically asphalt, to reuse them for road maintenance and construction, according to a statement from the Kurdistan Regional Government (KRG). It says this project, run by public sector employees, is one of the most modern asphalt recycling facilities, with a daily production capacity of […]
Iraq Restricts Imports of Juices, Beverages, and Cakes
By John Lee. In an effort to support local production, the Iraqi Cabinet has approved a recommendation from the Ministerial Economic Council (Resolution No. 230226/Q) aimed at restricting the import of juices, beverages, and cakes. The decision entails: The removal of juices, beverages, pastries, and cakes of all kinds from the import lists. A review […]