By John Lee. Iraq's National Investment Commission (NIC) has announced its first investment opportunity of the year. The project is described as a "horizontal and vertical" residential project on plot number (1/6/m 28) in the Tajiya [Tajiyaat] district. The plot area is 266 dunams (26.6 hectares) and is owned by the former Al-Karama Company (currently […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani has attended a working meeting on the sidelines of the Davos Economic Forum in Switzerland, involving the heads and representatives of 57 global companies specializing in energy, oil, gas, and various economic sectors. During the meeting, he discussed the government's plans for development and economic reform, highlighting […]
By John Lee. The Iraqi Drilling Company (IDC) has successfully completed the drilling of oil well Zubair/475 to a depth of 2,402 meters. Additionally, the company has accomplished the drilling of oil well Zubair/462, reaching a depth of 3,562 meters. These operations are part of the contract signed with the Italian company ENI to drill […]
By John Lee. Iraq's Commission of Integrity has ordered five years "severe imprisonment" for the former Director of Customs at the Trebil (Tarbiel, Trebil) border crossing (pictured) between Iraq and Jordan. The director was also required to pay back 78 billion dinars ($60 million) to the state treasury. The decision was made following an investigation […]
By John Lee. The Iraqi Cabinet has approved the allocation of a 433-donum plot of land for the Dhi Qar Reconstruction Fund. The land, part of the Tourist City of Ur, will facilitate the completion of designated projects. Additionally, approvals include: Transferring ownership of property near Imam Hussein Street to the local administration in Dhi […]
By John Lee. Iraqi Prime Minister Mohammed Shia Al-Sudani has inaugurated the new Ya Hussain road in the center of Nasiriyah, Dhi Qar Province. The road, part of the Thi Qar Reconstruction Fund, consists of two segments: The first, spanning 3 km, features four main and service lanes, central islands, green spaces, and seating areas. […]
By John Lee. Iraq's Minister of Electricity, Engineer Ziad Ali Fadel, met with a delegation from the Qatari company Urbacon on Monday. The discussions focused on plans for the reconstruction of the Baiji Thermal Power Station in Salahuddin Province. The plant, which the Ministry sees as an investment opportunity, has a capacity of 2,100 MW. […]
By John Lee. Iraq's Minister of Industry and Minerals, Dr. Khaled Batal Al-Najm, has ordered the doubling of cement production to meet the rising demand for essential construction materials. According to a statement from the Ministry, this surge in demand is driven by ongoing infrastructure projects and the government's plan to build fully serviced residential […]
By John Lee. Iraq's Cabinet has endorsed the Energy Council's recommendation to contract with Sama Baghdad and United Aras for the expansion of the gas-powered Haidariya Power Station. According to a statement following Tuesday's cabinet meeting, Iran's MAPNA Group will bear full responsibility for material provision and contract execution, "deviating from regulations based on the […]
By John Lee. Iraq is to open a Consulate General in Munich, Germany. The Cabinet agreed on Tuesday that the Ministry of Finance will allocate funds for the project. (Source: Media Office of the Prime Minister)
By John Lee. Minister of Industry and Minerals, Dr. Khaled Batal Al-Najm, led the fourth coordination meeting on industrial affairs on Thursday, January 4th. The meeting, attended by Dr. Hamoudi Abbas, the Prime Minister's Industry Affairs Advisor, and representatives from various ministries and organizations, discussed key agenda items. The session began with a review of […]
By John Lee. In a meeting with the Chinese Ambassador to Iraq, Tsui Wei, and the economic trade advisor Shu Chun, Iraq's Acting Parliament Speaker, Mohsen Al-Mandalawi, discussed bilateral relations and ways to enhance cooperation across various sectors. Al-Mandalawi expressed full parliamentary support for facilitating the operations of reputable Chinese companies within Iraq. He called […]
