By John Lee. Prime Minister Mohammed Shia Al-Sudani chaired a high-level meeting with the heads of Iraqi banks on Monday, reaffirming his government's commitment to banking reform as a pillar of broader economic revitalisation. He directed all banks to simplify procedures, embrace modern technologies, and encourage public confidence by stimulating deposits. The Prime Minister announced […]
By John Lee. UAE-based Chestertons Global has announced the opening of a new office in Baghdad, as part of its ongoing expansion across the Middle East. According to a statement from the company, Iraq's real estate sector, valued at $1.12 billion in 2024 with projected annual growth of 6%, is attracting increasing interest from investors. Government-backed infrastructure […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani chaired a meeting of Iraq's Higher Committee for Water on Monday, announcing a comprehensive set of directives aimed at addressing climate-driven water scarcity and pollution across the country. Key outcomes include prioritising strategic land reclamation projects like Amarah Irrigation and Central Tigris, shifting to closed irrigation systems, […]
By John Lee. To mark World Health Day 2025, the World Health Organization (WHO) and Iraq's Ministry of Health held a high-level event themed "Healthy Beginnings, Hopeful Futures," launching a new national strategy for the health of women, children, and adolescents. The event underscored Iraq's shift from emergency health response to building sustainable, equitable health […]
By John Lee. Iraq's Minister of Industry and Minerals, Khaled Battal Al-Najm, met with a delegation from the International Finance Corporation (IFC), a member of the World Bank Group, to discuss potential cooperation in the development of industrial cities and workforce capacity building in Iraq. The meeting included a presentation by the IFC on its […]
By John Lee. Wasit Governorate held its inaugural conference on the transition to clean energy this week, led by Governor Dr. Mohammed Jameel Al-Mayahi and attended by the head of the National Renewable Energy Team, members of parliament, local officials, and international companies specialising in solar and wind energy. The event showcased investment opportunities for […]
By John Lee. Siemens Energy and Iraq's Ministry of Electricity have signed a new Principles of Cooperation Agreement and two long-term service contracts under the supervision of Prime Minister Mohammed S. Al-Sudani. The signing ceremony, held on Thursday, was also attended by the German Ambassador to Iraq. The third phase of this strategic partnership aims […]
By John Lee. The Iraqi Oil Exploration Company has completed a seismic survey of the Naft Khana oil field in Diyala province, achieving the milestone in record time, according to the Ministry of Oil. The announcement was made during a ceremony on Thursday, which also coincided with International Workers' Day. Representing the Minister, Deputy Minister […]
By John Lee. Baker Hughes Chairman and CEO Lorenzo Simonelli met this week with Iraqi Prime Minister Mohammed S. Al-Sudani to explore avenues of cooperation in the energy sector and review the company's current projects in the country. Talks focused on the development of gas processing units at the Nasiriyah oil field, with a target […]
By John Lee. Iraq's Ministry of Oil has signed an addendum to the contract for the development of the East Baghdad (South) oil field with EBS Petroleum. EBS Petroleum is a body registered in Iraq to conduct petroleum operations on behalf of China's ZhenHua Oil. The Minister confirmed that the agreement will enable the field to […]
By John Lee. French firm Airbus has delivered the first two Caracal military helicopters to Iraq under a defence contract signed between the two countries. The Iraqi Ministry of Defence confirmed receipt of the aircraft on Wednesday, 30 April 2025. Speaking at the handover ceremony, Defence Minister Thabet Muhammad Saeed Al-Abbasi highlighted the strength of […]
By John Lee. The Samarra-based General Company for the Manufacture of Medicines and Medical Supplies, a subsidiary of Iraq's Ministry of Industry and Minerals, has announced the successful local production of "Glimee-M" (GLIMEE-M) tablets, marking its first-ever manufacture of this oral medication used to treat type 2 diabetes. According to the company's Director General, Chemical […]
