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 (TMG) has received an investment licence and secured a land bank of approximately 12.8 million sqm in south-west Baghdad to develop an integrated urban community, in what the Egyptian group describes as a key milestone in its regional expansion strategy. According to TMG Holding, its subsidiary Talaat Moustafa Company […]
By John Lee. According to the National Investment Commission (NIC), a new financial and economic city is planned for land adjacent to Baghdad International Airport, with all infrastructure costs to be met by private investors rather than the state. The NIC confirmed that the land in question is state-owned, with ownership legally divided between the […]
By John Lee. Iraq's Federal Commission of Integrity has disrupted an attempt to fraudulently obtain nearly IQD 1.5 trillion (USD 1.1 billion) from two state-owned banks in Baghdad. A field team from the commission's Baghdad Investigations Directorate, working in coordination with judicial authorities, apprehended three suspects at the headquarters of Rafidain Bank. The suspects were […]
By John Lee. Iraq's General Directorate of Industrial Development, a division of the Ministry of Industry and Minerals, issued 124 preliminary licences for new industrial projects in March. The licences covered multiple industrial sectors and were distributed across several governorates. Baghdad led with 30 licences, followed by Basra and Nineveh with 18 each, and Anbar […]
By John Lee. President Nizar Amedi has held talks with a delegation from the Syndicate of Iraqi Programmers. The delegation, led by Syndicate President Atheer Hamed Abdul Amir Al-Qaisi, met with President Amedi at Al-Salam Palace in Baghdad to congratulate him on assuming office and to discuss the future of Iraq's software and information technology […]
By John Lee. Iraq's Ministry of Planning has held the second meeting of the preparatory committee for the Fourth Arab Entrepreneurship Summit, scheduled to take place in Iraq in November. The meeting, chaired by the ministry's Undersecretary for Technical Affairs, Dr Maher Hammad Johan, addressed a range of organisational and logistical issues, including: Review of […]
By John Lee. The Ministry of Interior has confirmed that a drone struck the upper part of the Rasheed Hotel in Baghdad's Green Zome without causing casualties or significant material damage. According to the ministry, forensic teams conducted a site and technical inspection following the incident and determined that the drone collided with the hotel's outer […]
By John Lee. The State Company for Construction Industries, part of Iraq's Ministry of Industry and Minerals, has announced the launch of production at the Baghdad Brick Plant following a comprehensive rehabilitation and modernisation programme carried out with private-sector participation. The plant's Turkish-origin production line has been upgraded with modern industrial technologies and converted to a […]
By John Lee. The Central Bank of Iraq (CBI) has announced a public tender for the supply of computer equipment in accordance with the technical specifications outlined in the bank's standard procurement documentation. The tender has an estimated total value of IQD 767,500,000 (approximately USD 586,000) and will be funded from the central bank's 2026 capital […]
By John Lee. The National Investment Commission (NIC) has granted an investment licence for what is described as Iraq's first private hospital dedicated to addiction treatment and mental health care. The licence was awarded for the "Ritaj Baghdad Health Educational Project", to be developed by Abraj Al-Ritaj Company. According to the Commission, the project will […]
By John Lee. A branch of Canadian ice cream and cakes outlet La Diperie has opened at Jadiriya Mall in Baghdad. The opening ceremony was attended by the Canadian Ambassador to Iraq, underscoring growing commercial ties and retail cooperation between Iraq and Canada. La Diperie is a brand of the MTY Food Group. (Source: Jadiriya […]
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 […]
