The latest news from Basra – renovation, building, investment & more – brought to you by Iraq Business News
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 […]
By John Lee. The Central Bank of Iraq (CBI)'s Basra branch has launched the campaign "Your Transport is Easier ... with Easier Payment" in cooperation with electronic payment companies operating in the province. The initiative is part of the National Financial Inclusion Strategy 2025-2029. The campaign aims to deploy point-of-sale (POS) devices in public transport […]
By John Lee. Minister of Oil, Hayan Abdul Ghani, has launched drilling operations for the first oil well in the Fao [Faw] block during a recent visit to Basra. He underlined the Ministry's commitment to developing oil fields and exploration blocks to boost crude output and expand gas investment in support of the national economy. […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani chaired a meeting on Wednesday to accelerate the completion of the al-Bada'a Canal project, intended to secure water supplies for Basra. The session was attended by the Minister of Water Resources, the Head of the Advisory Board at the Prime Minister's Office, and senior officials from the […]
By John Lee. Iraqi Prime Minister Mohammed Shiaa al-Sudani met on Thursday with Jeff Miller, Chairman and CEO of Halliburton, along with his accompanying delegation. Al-Sudani underlined the government's strong interest in the role of major international oil companies, particularly American firms, in developing Iraq's energy sector, improving production efficiency, and achieving national goals. He […]
By John Lee. TotalEnergies, in partnership with Basra Oil Company (30%) and QatarEnergy (25%), has signed the final contracts of the Gas Growth Integrated Project (GGIP) at the Ratawi [Artawi] field in Basra, under the patronage of Prime Minister Mohammed Shia al-Sudani. The agreements include: a joint operating contract between the Ministry of Oil, Basra […]
By John Lee. Iraq's Ministry of Oil has confirmed the allocation of 18,000 residential land plots to employees of state-owned oil companies in Basra. The announcement was made on Monday by Deputy Prime Minister for Energy Affairs and Oil Minister Hayan Abdul Ghani. Half of the plots will be distributed to Basra Oil Company (BOC) staff, […]
