Tag Archives | Babylon

NIC Grants 4 Renewable Energy Licences so far This Year

By John Lee. As part of government efforts to diversify Iraq's energy mix and reduce reliance on fossil fuels, the National Investment Commission (NIC) has awarded four major investment licences in the renewable energy sector during 2025. NIC Chairman Dr. Haider Mohammed Makkia [Makiyya] re-announced the licences on Wednesday, noting their alignment with Iraq's National […]

Iraq launches Climate-Resilient Water Management Project

By John Lee. At the 5th Baghdad International Water Conference, Iraq and Germany officially launched the joint Climate-resilient Water Resource Management (CWRM) project-an initiative designed to address Iraq's deepening water crisis with sustainable and practical solutions. Implemented by the Ministry of Water Resources in cooperation with Germany's development agency, Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), […]

Iraq Launches 'Eduba' School Construction Project

By John Lee. Iraq's Prime Minister Mohammed Shia Al-Sudani launched the execution phase of multiple school construction projects in five provinces via video conference on Sunday, as part of Phase One of the Eduba Project, implemented through the private sector under the Iraq Development Fund. The first phase includes school construction in: Sabaa Qusour, Baghdad […]

Iraq grants $69bn in Investment Licences in 18 mths

By John Lee. Speaking at the "Investment Forum for Businessmen and Investors" in Babylon on October 15, the Head of Iraq's National Investment Commission (NIC) highlighted the importance of developing tailored investment maps for each province, ensuring projects meet local needs. Dr. Haider Mohammed Makiyya noted that over $69 billion in investment licenses have been […]

Iraq Signs 3 New Private Sector Partnerships

By John Lee. Iraq's Prime Minister, Mohammed Shia' Al-Sudani, emphasized the importance of private sector partnerships to reduce reliance on imports and meet domestic industrial needs. On Thursday, Al-Sudani oversaw the signing of three industrial contracts with private companies to boost production in the fertilizer and chemical sectors: A 1 million ton/year urea fertilizer plant […]

Iraq Nears Completion of Affordable Housing Project in Babylon

By John Lee. Iraq's Ministry of Construction, Housing, and Public Municipalities has said it has made significant progress on the construction of low-cost housing units in Babylon through its subsidiary, Al-Fao Engineering Company. The project includes 480 housing units, along with service buildings such as a mosque, kindergarten, and administrative offices, as well as external […]

Sustainable Agriculture Forum held in Babylon

Sustainable Agriculture forum held in Babylon to celebrate World Food Day Under the patronage of the Ministry of Agriculture, the World Food Day was celebrated jointly with FAO Iraq at Al-Mustaqbal University College in Babel Governorate as part of  the Future Forum for Sustainable Agriculture event with the slogan "Sustainable Rural Agricultural Development, the Way […]

Iraq's Latest Corruption Convictions ...

By John Lee. Iraqi courts have recently sentenced several people regarding corruption in office: The Central Criminal Court has issued two judgments six years in prison against Bahaa Alaa Abd and Ali Saleh Hadi, due to the offense of interference of the first person to appoint the second in the position of Director General of […]

Iraqi Cabinet approves New "Alternative Energy" Power Plants

By John Lee. The Iraqi Cabinet has agreed to approve a recommendation from the National Investment Commission (NIC) for the Ministry of Electricity to proceed with an investment project for the construction of seven "alternative energy" power plants. The new power stations are to be built in Karbala, Wasit, Babylon, and Al-Muthanna provinces. (Source: Govt […]

Iraqi Cabinet outlines Funding for Investment Projects

The Cabinet held its regular meeting in Baghdad on Tuesday under the chairmanship of Prime Minister Mustafa Al-Kadhimi. At the start of the meeting, the Prime Minister thanked health teams for their sacrifices on the front line during the Covid-19 pandemic. The Cabinet received a briefing from the Minister of Health on the latest developments and the […]

Ambitious Plans after Babylon listed by UNESCO

By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Iraq poised for ambitious plan after Babylon listed by UNESCO After 36 years of lobbying by Iraq, the ancient Mesopotamian city of Babylon was designated in July a UNESCO World […]