Progress at Al-Jawahiri Residential City
By John Lee. The National Investment Commission (NIC) has conducted a field visit to the Al-Jawahiri Residential City project, located in in Abu Ghraib, west of Baghdad. An engineering team inspected progress at the housing development, reviewing implementation stages and assessing compliance with the terms of the investment licence and approved timelines. The visit focused […]
NIC Reviews Dulmaj Marsh Development Plan
By John Lee. The National Investment Commission has held an expanded meeting to discuss a comprehensive investment roadmap for the development of Dulmaj [Delmaj] Marsh into an integrated tourism reserve. The proposed project aims to establish a network of multi-use tourism villages within a sustainable environmental framework aligned with national economic development objectives. According to […]
UNHCR Iraq Multi-Year Strategy 2025-2029
From the United Nations Refugee Agency (UNHCR). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Summary of UNHCR Iraq Multi-Year Strategy 2025-2029 UNHCR envisions that forcibly displaced populations and stateless persons in Iraq are better protected and have full inclusive access to quality basic […]
$346m Financing Secured for Block 9 Expansion
By John Lee. The Arab Energy Fund has led and closed a $346 million reserve-based lending (RBL) facility for Kuwait Energy Basra Limited (KEBL), operator of Block 9 (Faihaa Field) in Basra and a wholly owned subsidiary of China's United Energy Group Limited (UEG). The financing will support the next phase of expansion and development […]
Erbil Launches $288m Water Recycling Project with JICA
By John Lee. The Governor of Erbil, Omed Khoshnaw [Xoshnaw], has announced the launch of the first phase of the Erbil Wastewater Recycling Project, valued at $288 million, in cooperation with the Japan International Cooperation Agency (JICA). The announcement followed a meeting at the Governorate headquarters with a senior JICA delegation headed by Taketsuru Eiko, […]
Iraqi Cabinet Approves Settlement with Russia's Lukoil
By John Lee. Iraq's Council of Ministers has approved an amicable settlement with Lukoil to transfer petroleum operations at the West Qurna 2 field to Basra Oil Company (BOC). The settlement addresses outstanding matters relating to invoices and the employment of foreign staff, subject to certification by a reputable external auditor. It also designates the […]
Dinar Forex Fraud: Court Recovers $23m
By John Lee. The Second Karkh Investigative Court has recovered IQD 30 billion (approximately $23 million) in connection with a financial fraud case. According to a statement issued by the Supreme Judicial Council (SJC), the amount was recovered from a company that violated the law by exploiting exchange rate differences in foreign currency transfers conducted […]
Gas-Fired Power Plant Inaugurated at Fao Oil Depot
By John Lee. Iraq's Ministry of Oil has announced the inauguration of a gas-fired power generation plant at the Faw [Fao] oil depot, aimed at strengthening export capacity and supporting energy stability in the southern region. The project was launched under the direction of Deputy Prime Minister for Energy Affairs and Minister of Oil, Hayan […]
Iraq-Qatar Joint Committee to Meet in Doha
By John Lee. The National Investment Commission (NIC) has hosted the preparatory meeting for the eighth session of the Iraq-Qatar Joint Committee, ahead of formal talks scheduled to take place in Doha in March. The meeting was chaired by Engineer Salar Mohammed Amin, Vice Chairman of the Commission and Deputy Head of the Iraqi side […]
Iraq Container Terminal Throughput Up 28%
By John Lee. Gulftainer has reported a 28 percent increase in throughput and container handling at its Iraq Container Terminal (ICT) at the start of 2026 compared with the same period last year. The company attributed the growth to expanded carrier services, an enhanced product portfolio and improved operational performance, strengthening the terminal's role as a […]
$700m UAE-Iraq-Turkey Data Cable Planned
By John Lee. An Iraqi-Emirati consortium is reportedly planning a $700 million subsea and terrestrial data cable linking the United Arab Emirates to Turkey via Iraq. Branded WorldLink, the project comprises Tech 964 (T964), headed by Ali Elakabi [ALMCO, Amwaj International], Iraq-based DIL Technologies and UAE-based Breeze Investments. Click here to read the full article […]
IN2 Joins Iraq Britain Business Council
By John Lee. IN2, an international strategic communications and research agency, has joined the Iraq Britain Business Council (IBBC). The company said the move strengthens its engagement with Iraq's business and investment community, highlighting its operational presence in Erbil and Baghdad alongside offices in London and Dubai. Founded more than a decade ago, IN2 has […]