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 […]
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 […]
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 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 […]
By John Lee. The Iraqi cabinet has authorizing the Tourism Authority to issue a direct invitation to at least three "robust and specialized" companies for the purpose of investing in two hotel real-estate projects: Najaf Hotel, in Al-Ghadeer District 2/395; Babylon Tourist Hotel in Hilla. (Source: Office of the Prime Minister)
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 […]
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 […]
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 […]
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 […]
By John Lee. Iraq's ancient city of Babylon has been designated a UNESCO World Heritage Site. Situated 85 km south of Baghdad, the property includes the ruins of the city which, between 626 and 539 BCE, was the capital of the Neo-Babylonian Empire. It includes villages and agricultural areas surrounding the ancient city. Its remains, […]
By John Lee. Iraqi President Barham Salih has called on the United Nations Educational, Scientific and Cultural Organisation (UNESCO) to include the ancient city of Babylon in its World Heritage List. The President made the request at meeting with UNESCO Director Audrey Azoulay in France. They also discussed the provision of job opportunities within UNESCO […]
By John Lee. Iraq's National Investment Commission (NIC) has included four Special Economic Zones in its list of major strategic projects to be presented during the Kuwait International Conference for Iraq Reconstruction, to be held in Kuwait from 12th to 14th February: Huteen zone/ Babylon Province for medium & heavy engineering manufacturing. Huteen is located […]
