By John Lee. UAE-based Damac has launched "Damac Hills Baghdad", which it describes as a landmark luxury development set to redefine the real estate landscape of Baghdad. At its launch event, the company expressed its commitment to delivering exceptional real estate projects and setting new standards of excellence in Baghdad's property sector. (Source: Damac)
By John Lee. The Directorate of Industrial Development under Iraq's Ministry of Industry and Minerals has announced the issuance of 180 preliminary licences for new industrial projects during September, as part of its ongoing efforts to support the private sector and boost industrial activity across the provinces. Director General Dr. Ali Ibrahim Jinaan stated that […]
By John Lee. The inauguration of the Iraq-Italy Business Council (IIBC) this week marked a major milestone in strengthening economic relations between Iraq and Italy. The ceremony included the ribbon-cutting of the new IIBC headquarters in Baghdad. A launch event at Babylon Rotana brought together senior officials, business leaders, and diplomatic representatives from both countries. […]
By John Lee. The Governor of the Central Bank of Iraq (CBI) and Chairman of the Iraqi Payments Council, Mr. Ali Mohsen Al-Allaq, chaired the regular meeting of the National Payments Council at the Bank's headquarters. The meeting was attended by Council members, including senior officials from the Central Bank, representatives of ministries and government […]
By John Lee. On Thursday, 23 October 2025, Deputy Prime Minister and Foreign Minister Fuad Hussein and his Swiss counterpart Ignazio Cassis officially inaugurated the Swiss Embassy in Baghdad, marking the reopening of Switzerland's diplomatic mission after a three-decade hiatus. The ceremony was attended by senior officials from the Iraqi Ministry of Foreign Affairs and […]
By John Lee. Deputy Prime Minister for Energy Affairs and Minister of Oil Hayan Abdul Ghani Al-Sawad has announced that the launch of the Fluid Catalytic Cracking (FCC) project at the South Refineries Company (SRC) in Basra will enable Iraq to achieve self-sufficiency in petrol and other oil derivatives once it is inaugurated on Saturday. […]
By John Lee. On Wednesday, KRG Prime Minister Masrour Barzani inaugurated the Shorsh-Hetit Public Hospital in Deraluk, Duhok Governorate. The four-storey facility, built at a cost of $43 million [approx. IQD 56 billion], spans 43,000 square metres and includes 100 beds. It offers a wide range of medical services, including emergency and primary care, six […]
By John Lee. The Iraq National Housing Policy 2025-2030 sets out plans to strengthen private sector participation in housing finance through Policy 3.4, which focuses on providing facilities for government-subsidised housing loans to enable private lending. The sub-pillar, titled "Increase the Ability of Private Banks to Provide Affordable Loans," addresses the limited role of Iraq's […]
By John Lee. FAT (Fresh. Authentic. Tasty.) Brands Inc., parent company of Great American Cookies and Marble Slab Creamery, has announced a development agreement to open ten co-branded stores across Iraq over the next five years. The partnership is with Eric Wilson, a 27-year U.S. military veteran who previously served in Iraq. Taylor Wiederhorn, Chief […]
By John Lee. The fourth round of political consultations between the Republic of Iraq and the Republic of Turkmenistan was held on Monday, 20 October 2025, at the Ministry of Foreign Affairs in Baghdad. The Iraqi delegation was headed by Ambassador Mohammed Hussein Bahr Al-Ulum, Deputy Foreign Minister for Bilateral Relations, while the Turkmen side […]
By John Lee. The Korea International Cooperation Agency (KOICA) and the KOICA Alumni Association in Iraq (KAAI) held their 2025 Annual General Assembly in Baghdad on 16 October to celebrate the graduation of a new group of Iraqi trainees who completed KOICA's development programmes. The event was attended by H.E. Lee Jun-il, Ambassador of the […]
By John Lee. Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein met on Monday, 20 October 2025, with Gelsomina Vigliotti, Vice-President of the European Investment Bank (EIB), at the Bank's headquarters in Luxembourg. The discussions focused on strengthening economic cooperation between Iraq and the EIB and expanding partnership in the fields of development […]
