KRG preparing to Export Apples, Strawberries, Honey
The Kurdistan Region is moving from the import stage to the export stage, and diplomatic relations will be used for this purpose. Currently, pomegranate exports to the Gulf countries continue and the opening of export routes of Kurdistan products to foreign markets is an important step in supporting domestic production. Jalil Salihi, the supervisor of […]
Karbala Oil Refinery to Begin Production in mid-March
By John Lee. The Iraqi Minister of Oil, Hayan Abdul-Ghani, has announced that the Karbala Oil Refinery will begin commercial production in mid-March 2023. The refinery's products, including gasoline and kerosene, will meet the highest European standards and specifications (Euro 5). Production capacity will gradually increase, reaching 140,000 barrels per day by the end of […]
Baghdad's Green Zone Opens to Public
By John Lee. Prime Minister Muhammad Shia Al-Sudani has ordered that the Baghdad Green Zone be opened to the public to ease traffic in the city. The heavily fortified area houses embassies and Iraqi government buildings. Security forces have removed major checkpoints leading to the zone to allow citizens to enter. The zone will be […]
New Contract to Rehabilitate Abu Ghraib Dairy Factories
By John Lee. Iraq's General Company for Food Products, which is owned by the Ministry of Industry and Minerals, has signing of a partnership contract with a local company called "Allied", to rehabilitate Abu Ghraib dairy factories and add new lines and products. The agreement aims to develop the yogurt industry in accordance with modern production, […]
KRG Digitises several Major Services
From the Kurdistan Regional Goverment: According to the strategic program set by the Kurdistan Regional Government (KRG), by the end of 2025, all services in Kurdistan will be managed digitally and electronically and no paper will be used. The Prime Minister's vision for the issue of digitalization of government institutions and services has been made […]
Cabinet approves 200-MW Solar Plant in Karbala
By John Lee. The Iraqi government has approved the recommendation of the Ministerial Council for Energy (59 of 2022) to build a new 200-MW solar power plant in Karbala governorate. The decison was made at this week's cabinet meeting, chaired by Prime Minister Muhammad Shia Al-Sudani. In December 2021, the Cabinet approved a the contract […]
dnata breaks ground on $14m Warehouse in Erbil
By John Lee. The Dubai-based air and travel services provider dnata has broken ground on its new, 20,000-m2 cargo warehouse at Erbil International Airport (EBL). According to a statement from the company, the facility represents an investment of US$ 14 million and will create up to 50 additional, direct jobs with dnata in Iraq. The […]
408-meter Ranya Bridge to be "Longest in the Area"
Ranya bridge to be the longest bridge in the area A statement from the Kurdistan Regional Government (KRG) has said that the Ranya bridge, which connects Raparin administration with Sulaimani province, will be the longest bridge in the area and will be completed within six to eight months. Hiwa Abdullah, an engineer on the project, […]
Iraq signs MoU with American Concrete Institute
By John Lee. Iraq's Ministry of Construction has announced that its Building Research Department signed a memorandum of understanding with the American Concrete Institute (ACI). The MoU aims to, "increase cooperation and coordination in the field of improving concrete facilities, through the preparation of research and publications, holding meetings and conferences, membership of committees, activities […]
Graft helps push Iraqi Property Prices out of reach
By Laure Al Khoury and Salam Faraj for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. In Iraq, graft helps push property prices out of reach Real estate in Iraq has become a popular way to launder money, including stolen public […]
Two Health Centers to be built in Erbil
The Kurdistan Regional Government (KRG) is building two health centers in Erbil's Sebardan and Farmanbaran neighborhoods which will provide free health services to people. Saman Salman, the media director of the health ministry spoke about the allocated budget and said "the allocated budget for building the health centers is 1.320 billion [Iraqi dinars] and it […]
Iraq Market Report: Currency Upheavals Disrupt Market Activity
By Ahmed Tabaqchali, Chief Strategist of AFC Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq Market Report: Currency Upheavals Disrupt Market Activity The market, as measured by the Rabee Securities RSISX USD Index, was down 1.0% for the month and down […]