By John Lee. The Ministry of Planning (MoP), in collaboration with the International Labour Organization (ILO), UN-Habitat, and the International Trade Centre (ITC), hosted the first Steering Committee Meeting of the Building Equitable and Inclusive Transformation (BEIT) Towards Decent Work and Affordable Housing in Iraq project, funded by the European Union (EU). The BEIT initiative […]
By John Lee. The Chairman of the National Investment Commission (NIC), Dr. Haider Mohammed Makiyya, has announced the signing of a pivotal addendum to the contract for the Bismaya Residential City project. The agreement focuses on: Implementing Infrastructure and Social Services: Ensuring essential facilities and public services in the city. Completing 70,560 Housing Units: Resuming […]
By John Lee. Iraq's Deputy Minister of Oil for Refining Affairs, Hamed Younis, reaffirmed Iraq's commitment to collaborating with reputable global companies to advance its refining sector. This aligns with the government's strategic program and directives from Deputy Prime Minister for Energy Affairs and Minister of Oil, Hayan Abdul-Ghani. During a meeting with Honeywell's Middle […]
By John Lee. China's Soueast Motor has marked its official entry into the Middle East with a brand launch event at Erbil's Rotana Hotel. Soueast, a brand name of South East (Fujian) Motor Co., Ltd., offers two new SUV models which it says are "tailored for Iraqi consumers." Partnering with regional distributor Harlem Group, Soueast […]
By John Lee. A delegation from Iraq's Parliamentary Committees on Agriculture, Water, Marshlands, Economy, and Trade, led by MP Faleh Al-Khazali, visited the Polish Chamber of Commerce in Warsaw to discuss strengthening bilateral economic, agricultural, and industrial ties. The delegation met with Mr Shumovsky, Head of International Cooperation at the Chamber, and senior Polish trade […]
From the United Nations Development Programme (UNDP): The Turning Point: Iraq's Leap into the Digital Economy In a world increasingly defined by digital finance, Iraq has taken a transformative step with the Digital Payment Regulation No.2 of 2024. This landmark policy marks more than just regulatory progress; it signifies a realignment of Iraq's financial infrastructure with […]
By John Lee. The Iraqi Ministry of Communications has signed an agreement with UK's Vodafone to establish a new 5G telecommunications network fully owned by Iraq. The agreement outlines Vodafone's role in preparing the network for launch, providing expertise in network design, commercial strategies, and business growth planning. A memorandum of understanding was also signed […]
By John Lee. Iraq's Cabinet has approved the South Gas Company (SGC) to oversee the establishment of a fixed platform for importing liquefied gas. The company has been granted the following responsibilities: Coordination with Iraqi Ports Authority: Identify platform and gas storage locations, define specifications, and negotiate preparatory works including excavation, landfilling, and berth construction. […]
By John Lee. The Belarusian Ambassador to Turkey and Iraq, Viktar Rybak, met with Iraqi officials on Sunday to enhance cooperation in key sectors. Discussions with Interior Minister A. Al-Shammari focused on collaboration between specialized agencies, legal frameworks, and experience sharing. In talks with Higher Education Minister Naeem Al-Aboudi, the two sides explored opportunities for […]
By John Lee. Shares in Genel Energy closed down more than 20 percent on Tuesday, following the company's announcement on Monday that a British court has dismissed its claim for damages from the Kurdistan Regional Government (KRG). The company was seeking damages for its loss of the rights to develop the Bina Bawi and Miran […]
By Michael Knights, for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. How Washington Can Salvage Iraq's Counter Terrorism Service CTS [Counter Terrorism Service] is the most successful U.S. partner force in Iraq, which is why Iran-backed […]
By John Lee. Prime Minister Mohammed S. Al-Sudani has inaugurated the first phase of the 'Eduba' Project, targeting the construction of 600 schools across Iraq. Funded through the Iraq Development Fund, the initiative will be executed by private sector firms, following comprehensive technical and preparatory work. Global consulting firm Meinhardt and Yerim Contracting, one of […]
