The latest news from Basra – renovation, building, investment & more – brought to you by Iraq Business News
By John Lee. Prime Minister Mohammed Shiaa Al-Sudani has inaugurated the first 63-km segment of the Development Road, linking the Grand Faw Port to the international highway in Basra. The opening marks a major milestone in the nationwide infrastructure programme and forms part of the government's "Year of Continuing Achievements". The completed section connects Iraq's […]
By John Lee. The Basra Governorate has inaugurated one of its largest healthcare projects -- the new Specialised University Hospital -- a 15-storey, 446-bed facility fully funded by the local government for the benefit of the University of Basra. Governor Asaad Abdul-Amir Al-Eidani officially opened the hospital in central Basra, describing it as a "medical […]
The Italian Ministry for Foreign Affairs and International Cooperation, through the Italian Agency for Development Cooperation (AICS), has entrusted UNESCO with the implementation of the project "Improving Access to Inclusive Quality Education in Southern Iraq". The initiative aims to expand access to education for thousands of out-of-school children in the governorates of Basra, Dhi Qar, […]
By John Lee. Deputy Prime Minister for Energy Affairs and Minister of Oil Hayan Abdul Ghani Al-Sawad has announced that the launch of the Fluid Catalytic Cracking (FCC) project at the South Refineries Company (SRC) in Basra will enable Iraq to achieve self-sufficiency in petrol and other oil derivatives once it is inaugurated on Saturday. […]
By John Lee. The Ministry of Electricity has announced the signing of a contract for the implementation of the Al-Faw Gas Power Plant project in Basra - the largest investment-based gas-fired station in southern Iraq. The 3,000-megawatt combined-cycle plant will be built by GE and will include four gas turbines and two steam units. It […]
By John Lee. The Ministry of Oil has held a pre-startup ceremony for the expansion of the Zubair-Mashrif Gas Separation Station. Oil Minister Hayan Abdul Ghani Al-Sawad described the project as a key milestone in Iraq's efforts to boost gas production capacity, noting that it will significantly increase the capture of associated gas and supply […]
From the Iraq Britain Business Council (IBBC): IBBC Autumn conference 'Gateway to Iraq' Basrah is the physical and symbolic gateway to Iraq, with ports for export and import and the impressive massive new Al Faw port, with links into Iraq. There are plans to build freeports for businesses and communities along the development road to […]
By John Lee. Basra Governor Asaad Al-Eidani has welcomed the arrival of the first aircraft operated by Basra Airlines, named the "Shatt al-Arab", marking what he described as a milestone for the city's growing aviation sector. Founded in 2023 by Chairman and CEO Mr. Moffak Sabir Hamad, Basra Airlines aims to position itself as a modern […]
By John Lee. The Ministry of Oil has inaugurated the strategic Third Offshore Pipeline Project ('Sealine 3' Project), one of the most important initiatives aimed at strengthening Iraq's southern crude oil export system. Deputy Prime Minister for Energy Affairs and Minister of Oil Hayan Abdul Ghani said during the inauguration ceremony in Basra that the […]
By Ahmed Tabaqchali, Chief Strategist of AFC Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. A tour of Basra, and a Business School in Baghdad The market, as measured by the Rabee Securities U.S. Dollar Equity Index (RSISX USD Index), was up […]
By John Lee. The Iraqi government has approved the formation of a working group, chaired by the head of the Iraq Civil Aviation Authority (ICAA), to oversee the licensing of Baghdad, Basra, Mosul, and Najaf airports. The team will also review the Iraqi Airways and State Company for Air Navigation Services to ensure full compliance […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. How Iraq's impoverished oil hub became center of intra-Shiite division As profound social unrest over failing infrastructure and services in the southern Iraqi governorate of Basra continues, rising local anger has in recent […]
