General Dynamics wins new Iraq Defense Contract
By John Lee. General Dynamics Land Systems Inc., Sterling Heights, Michigan, was awarded a $11,994,680 modification (P00014) to contract W56HZV-21-C-0072 for contractor logistics support services to sustain M1A1SA Abrams tanks and M88A1/A2 recovery vehicles. The modification brings the total cumulative face value of the contract to $90,954,439. Work will be performed in Camp Taji, Iraq, […]
Industrial City Investment Planned in Wassit Province
09By John Lee. Iraq's Industrial Coordination Council has approved a series of measures aimed at supporting industrial operations, infrastructure use, and fuel transition for manufacturing facilities. The Council approved the use of specialised berths (10 and 11) at Khor Al-Zubair Port to support the operation of a sponge iron plant, in line with the plant's […]
Iraq Launches Smart Grid and E-Billing Project
By John Lee. The Ministry of Electricity has launched the first phase of its smart transformation and electronic billing project, covering selected areas of Baghdad and several provinces. The Ministry said the areas included in the initial phase were chosen following studies of electricity networks, loads, feeders, and subscriber data. According to a Ministry spokesperson, […]
Dinars to Dollars - Tabaqchali Explains Market Gap
By John Lee. Recent media reports have flagged up the growing gap between the official dinar exchange rate and its value in the informal market - see here and here. In his latest monthly investment report for Iraq Business News, Ahmed Tabaqchali attributes the fall in the dinar to the behaviour of certain importers following […]
Tabaqchali: Equity Market Discounts Regional Tensions
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. "Equity Market Discounts Regional Tensions" The market, as measured by the Rabee Securities U.S. Dollar Equity Index (RSISX USD Index), was down 0.9% for the month, on […]
US Firm Wins $110m VSAT Contract in Iraq
By John Lee. The US State Department last month approved a possible Foreign Military Sale to Iraq of of Very Small Aperture Terminals (VSATs) and related equipment. The estimated total cost is $110 million, and the principal contractor will be Network Innovations, of Frederick, Maryland. Full statement from US State Department: WASHINGTON, January 14, 2026 […]
New Haematite Plant Begins Operations in Maysan
By John Lee. A hematite [haematite, Fe2O3] production project with an annual capacity of approximately 400,000 tonnes has reportedly been inaugurated in Maysan Governorate. According to the state-run Iraqi News Agency (INA), the project was launched by the Military Industrialization Authority, with Ali Mohsen Khudair, Director General of the General Company for Military Industries, saying […]
New Eco-Friendly Sulphuric Acid Plant in Iraq
By John Lee. Al-Furat General Company, a subsidiary of the Ministry of Industry and Minerals, has completed construction of a new environmentally friendly sulphuric [sulfuric] acid production plant using advanced technology and Iraqi expertise. The company's Director General, Ali Qasim Al-Shammari, said the old sulphuric acid plant had been dismantled and replaced with a modern […]
Plans Announced for Waste-to-Energy Projects Across Iraq
By John Lee. State-run Iraqi News Agency (INA) reports that plans have been announced to develop clean energy power plants in Baghdad, Basra and Nineveh. It quotes the regional director of Shanghai (sic) as saying that the already-announced Nahrawan project in Baghdad will convert 5,000 tonnes of waste per day into 110MW of electricity, with […]
Adam Smith Int'l Reviews Project Selection in Iraq
By John Lee. The Ministry of Planning has held a technical meeting to review mechanisms for selecting and evaluating projects and to enhance the efficiency of public investment management. The meeting was chaired by the Undersecretary for Technical Affairs, Dr Maher Hammad Johan, and focused on supporting project selection and evaluation activities in cooperation with […]
Leidos wins $90m Iraq Deal
By John Lee. The US State Department has approved a possible Foreign Military Sale to Iraq of Contracted Logistical Services for VACIS XPL passenger vehicle scanning systems and related equipment. The estimated total cost is $90 million, and the principal contractor will be Leidos, of Reston, Virginia. Full statement from US State Department: The State […]
Liquidity Shortfall "Freezes Lending at Iraq's State Banks"
From Shafaq. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Liquidity shortfall freezes lending at Iraq's state banks Government lending programs remained suspended on Thursday as Iraq's state-owned banks, most notably Rafidain Bank and Rasheed Bank, continued to halt advances and loans due to […]