By John Lee. A delegation from the Iraq Italy Business Council (IIBC) met with Mr. Luca Passariello, Head of SACE Connects, Italy's export credit and project finance agency, at the SACE headquarters in Rome to discuss enhancing financial cooperation and investment support between Iraq and Italy. The discussions focused on SACE's financial instruments and services […]
By John Lee. Swiss-based Gunvor Group has withdrawn its proposal to acquire Lukoil's international assets following opposition from the US Treasury Department. The Treasury stated that Gunvor would not receive a licence to operate as long as Russia continues its military actions in Ukraine, describing the company as "the Kremlin's puppet." Gunvor rejected the claims, […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani has laid the foundation stone for the Dur Al-Naft Concrete Bridge and its approaches in Maysan [Missan] Governorate. The event was attended by Eng. Abdul Razzaq Al-Maliki, Director General of Al-Hamurabi State Construction Company, representing the Ministry of Construction, Housing, Municipalities and Public Works. The project is […]
By John Lee. Iraqi Prime Minister Mohammed Shia Al-Sudani has opened the new Al-Fadhiliya General Hospital in Baghdad on Thursday, a 246-bed medical facility that had been stalled since 2014. According to a press release from the Prime Minister's Media Office, the project, now completed eight months ahead of schedule, marks a major milestone in […]
By John Lee. DNO ASA has reported record revenue of USD 547 million and an operating profit of USD 222 million for the third quarter of 2025, both more than double the figures from the previous quarter. Regarding its operations in Iraqi Kurdistan, it reported that gross production at the Tawke licence, where it holds […]
By John Lee. Iraqi Airways has launched its first domestic flights between Baghdad International Airport (BIAP) and Mosul International Airport, starting on Thursday, 6 November 2025. Director General Manaf Abdul-Munim Ajil confirmed that all technical and administrative preparations have been completed to begin regular flights between Baghdad and Mosul, in coordination with the Iraqi Civil […]
By John Lee. The National Investment Commission (NIC), chaired by Dr. Haider Mohammed Makiya, hosted a broad meeting in Baghdad recently, bringing together leading political analysts, journalists, and media representatives to present Iraq's investment achievements and future plans. During the session, Dr. Makiya detailed that Iraq has attracted total investments of $102 billion over the […]
By John Lee. France's Vallourec has been awarded a second contract by TotalEnergies to supply casing, tubing, and associated accessories for the drilling of 48 wells under the Associated Gas Upstream Project 2 (AGUP2). The project forms a key part of the Gas Growth Integrated Project (GGIP), operated by TotalEnergies in partnership with Basra Oil Company […]
By John Lee. Iraq and France's National Centre for Cinema and the Moving Image (CNC) has signed a memorandum of understanding (MoU) on cinematic cooperation. The MoU was signed by Dr. Aref Al-Saadi, Cultural Advisor to the Prime Minister, in the French city of Montpellier on the sidelines of the Mediterranean Film Festival. The agreement […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani on Wednesday oversaw the signing ceremony for awarding the redevelopment and expansion project of Baghdad International Airport (BIAP) to the winning consortium, CAAP, led by Corporación América Airports (Luxembourg, Argentina) in partnership with Iraq's Amwaj International. The International Finance Corporation (IFC) of the World Bank Group served […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani announced on Wednesday the launch of the Basmat (Fingerprint) Initiative, which provides soft loans for women to establish small and medium-sized projects, in cooperation with several national banks. Al-Sudani praised the efforts of all those who contributed to this national initiative, which aims to enhance women's participation […]
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 […]
