By John Lee. The Central Bank of Iraq (CBI) has launched the Banking Supervision Reporting System (BSRS), which will collect financial data from banks and non-banking financial institutions. According to a statement from the CBI, the system will provide the Banking Control Department with a clear view of the financial status of financial institutions, enabling […]
By John Lee. The Chairman of Iraq's National Investment Commission (NIC), Dr. Haider Muhammad Makiya, met with the Syrian Ambassador to Baghdad, Mr. Sattam Jadaan, to discuss strengthening economic cooperation between Iraq and Syria. They talked about potential joint investment opportunities in various sectors, including housing, oil, industry, agriculture, and electricity. The Chairman expressed Iraq's […]
By John Lee. Iraq's cabinet has approved a plan to refer the second phase of the gas drying project for the Gharraf oil field to a consortium consisting of the State Company for Oil Projects (SCOP), which is part of the Ministry of Oil, and the Italian company Progetti Europa & Global S.p.A. (PEG). The […]
By John Lee. The Iraqi Ministry of Transport has said that it is studying the designs for the "development road project", sometimes referred to as the "dry canal project". The project will link Iraq's Grand Faw port, which is still under construction, by rail to the Mediterranean, with the intention of providing a cost-effective alternative […]
By John Lee. Iraq's Ministry of Transport met with a delegation from the Dubai-based company Gravo DMCC to discuss the delegation's request for support and development of Iraq's railway sector through partnership. The meeting was attended by the relevant department directors. It was decided to continue meetings between the parties to try to achieve shared […]
By John Lee. The Ministry of Transportation announced the appointment of Manaf Abdel-Monem [Manaf Abdel Moneim Uriel] as Director General of Iraqi Airways. He had previously held executive positions in the company, and succeeds Engineer Karim Kazim Hussein [Karim Kazem Hussein]. Abdel-Monem expressed his gratitude to the Minister of Transport, Mr. Razzaq Muhaibis Al-Saadawi, and […]
By John Lee. Iraq's Minister of Oil, Hayan Abdul-Ghani (pictured), visited the East Baghdad oil field in Nahrawan and Suwayrah regions, expressing a commitment to increase crude oil production and invest in associated gas. The field currently produces 30,000 barrels per day, with a peak production goal of 40,000 barrels per day under the 2018 […]
By John Lee. Iraq's Council of Ministers has approved the recommendation to convert the Sadr power station from a simple cycle to a combined cycle operation. The conversion will be done by the American company Stellar Energy for a total cost of $877,200, an increase of 3.2 percent from the original estimate. Total capacity will […]
By John Lee. Iraq's Minister of Agriculture, Abbas Jabr Al-Ali Al-Maliki, met with the Hungarian ambassador to Baghdad, Attila Tar, to discuss the development of Iraqi-Hungarian relations, specifically in agriculture. The ambassador presented areas of joint cooperation, including the manufacture of modern machinery, agricultural commodities, organic fertilizers, and scholarships. The Minister welcomed Hungary's participation in […]
By John Lee. The Prime Minister of Iraq, Mr. Mohammed S. Al-Sudani, has held a meeting to discuss the new Sadr City project, which aims to address the problem of overpopulation in Sadr City. The project will be built on a total area of 4,000 dunums (400 hectares). Full statement from the Media Office of […]
By John Lee. The Prime Minister of Iraq, Mr. Mohammed S. Al-Sudani, met with members of the Parliamentary Investment and Development Committee to discuss laws and legislations that support the investment sector in the country. Al-Sudani said the Grand Faw Port and the Iraq-Turkiye railway line [Dry Canal project] as pioneering investment projects that could […]
By John Lee. Iraq's Ministry of Transportation is considering the purchase of two Falcon aircraft from the French company Dassault. Based on the directives of the Minister of Transportation, Mr. Rizk Mahayibes Al-Saadi, to follow up on files of utmost importance in the operation of Iraqi Airways, a ministerial committee was formed to follow up […]
