The latest news from Baghdad – security updates, business, construction projects and more – brought to you by Iraq Business News
By John Lee. Talaat Moustafa Group Holding (TMG Holding) has confirmed that it is in advanced negotiations with Iraq's National Investment Commission (NIC) to develop a large-scale mixed-use project southwest of Baghdad, marking a major step in its regional expansion. The project, spanning approximately 14 million square metres [14,000 donums; 1,400 hectares], is expected to […]
By John Lee. The Iraqi Prime Minister inaugurated the Al-Zaytoon Baghdad / Mövenpick Hotel on Saturday, marking a partial opening of its main facilities in preparation for the upcoming Arab Summit in Baghdad. PM Mohammed S. Al-Sudani highlighted that the hotel is one of the largest private sector projects in tourism and hospitality in the […]
By John Lee. Baghdad Municipality has signed a contract with China's state-owned Shandong Hi-Speed Group [Shandong Gaosu Group] for the construction of 11,000 housing units in the New Sadr City project. Speaking at the signing ceremony, Mayor Ammar Musa Kazem said that more than 30 companies expressed interest in the project, which represents the first […]
By John Lee. Prime Minister and Commander-in-Chief of the Armed Forces, Mr. Mohammed S. Al-Sudani, inaugurated the 13th Security, Defense, Military Industries, and Cybersecurity Exhibition in Baghdad on Saturday, an event featuring 155 companies from 24 countries, including 65 Iraqi firms. The exhibition offers a platform for showcasing advanced defence, surveillance, and cybersecurity technologies while […]
By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani met on Thursday with Mr. Fettah Tamince, Chairman of Turkiye's Rixos Hotels Group, to discuss the growing investment opportunities in Iraq's tourism sector. Prime Minister Al-Sudani stressed that ongoing development efforts across various sectors have laid the groundwork for numerous investment opportunities, particularly in tourism. He […]
By John Lee. American Global Medical Services (AGMS) is set to expand its footprint in Iraq, following a meeting between CEO Dr. Aizen J. Marrogi and Prime Minister Mohammed S. Al-Sudani on Monday. The company has proposed establishing a comprehensive medical city in Baghdad, which would include a 200-bed cancer hospital, a pharmaceutical manufacturing facility, […]
By John Lee. Iraq's Ministry of Trade has reportedly announced plans to open 150 hypermarkets across Baghdad and the provinces as part of a five-year strategy. Lama Hashem Al-Moussawi, Director General of the General Company for Food Trade at the Ministry, told state-run Iraqi News Agency (INA) that 23 locations will be opened in 2025, […]
By John Lee. Construction has started on the Waste-to-Energy Power Plant Project in Al-Nahrawan, Baghdad. With a capacity of 100 megawatts, the plant will use high-efficiency complete combustion technology, according to a statement from the Media Office of the Prime Minister. Iraq's Council of Ministers approved the project in February, awarding it to the Chinese […]
By John Lee. icetana Limited (ASX:ICE) has announced its first contract in Iraq, securing a US$1.09 million deal with HTE Electronics Trading LLC, the Dubai-based subsidiary of Al-Technologia Al-Alia Co. for General Trading Ltd (High Tech). The company describes itself as, "a global SaaS software company providing video analytics technology designed to identify abnormal events […]
By John Lee. The Iraqi Oil Pipeline Company has successfully removed an illegal tap on a 16-inch crude oil pipeline in the Nahrawan area, east of Baghdad. Company Director General Ali Abdul Karim al-Moussawi said that technical teams detected the breach, which involved a deliberate puncture connected to valves and a 100-meter plastic pipe for […]
By John Lee. The Baghdad Chamber of Commerce has welcomed the Amman Chamber of Commerce's plan to establish a trade office in Baghdad, aimed at strengthening economic and trade cooperation between Iraq and Jordan. During a meeting with Raad Bureij, Vice President of the Baghdad Chamber of Commerce, Amman Chamber President Khalil Al-Haj Toufic emphasized […]
By John Lee. The Ministry of Health has announced details of the 100-bed hospital series under the Iraq-China agreement, specifying the provinces and expected completion timeline. Ministry spokesperson Seif Al-Badr confirmed that contracts with reputable global companies are ongoing, with daily oversight from Health Minister Dr. Saleh Mahdi Al-Hasnawi. The hospitals will be constructed in: […]
