By John Lee. A project to assess limestone reserves suitable for cement production is under way in the Wadi al-Mahari area, south of Najaf governorate. The work is being carried out by the Iraqi Geological Survey, a body within the Ministry of Industry and Minerals. According to the Ministry of Industry and Minerals, the project […]
By John Lee. A memorandum of understanding (MoU) on water sector development has been signed between Iraq's Ministry of Construction, Housing and Municipalities and the Japan International Cooperation Agency (JICA), in a ceremony held in Istanbul. The MoU was signed by Ammar Adel Hussein, Director General of the General Directorate of Water, on behalf of […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq's Housing Boom is Leaving its Aspirational Class Behind In Erbil, the capital of Iraqi Kurdistan, a young professional said she considers herself fortunate by earning some two million IQD (1,500 USD) a […]
By John Lee. A 750-megawatt solar power station planned for Muthanna province has moved forward following discussions between Iraq's Ministry of Electricity and Chinese company Power Construction Corporation of China (PowerChina). The meeting also covered the technical and implementation stages of the project, and progress on related procedures. According to the Ministry of Electricity, 250MW […]
By John Lee. Iraq has launched the second phase of a project to develop commercial exchange yards at its land border crossings with neighbouring countries. According to the Ministry of Transport, the initiative is part of government efforts to increase non-oil revenues and strengthen governance and automation at border facilities. Murtada al-Shahmani, Director General of […]
By Simon Watkins, for OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. The U.S. Power Play in Iraq That Moscow and Beijing Didn't See Coming As Russia remains occupied with its war in Ukraine, Iran focuses on defending its territory against U.S. and […]
By John Lee. A concrete plant in the Al-Fahamah area near Baghdad's Jazirat Baghdad district has been closed following a field inspection that found it was not meeting environmental standards. Environment Minister Sarwa Abdul-Wahid carried out the inspection in response to complaints from local residents. (Source: Ministry of Environment)
By John Lee. The Central Bank of Iraq (CBI) has denied media reports that it is printing new banknotes with zeros removed, ahead of a planned currency redenomination. In a statement on Wednesday, the CBI said the reports have no official basis and that no new redenominated currency is being printed. It added that any […]
By John Lee. Egypt and Iraq have held ministerial talks on expanding cooperation in digital transformation, artificial intelligence, and telecommunications infrastructure. The meeting was attended by Ahmed Khafaji, Egypt's ambassador to Baghdad, and Dr Qahtan al-Janabi, Iraq's ambassador to Cairo and permanent representative to the Arab League. Iraq's Minister of Communications, Mustafa Jabbar Sanad, met […]
By John Lee. Iraq's Finance Minister and the South Korean Ambassador to Iraq have met to discuss the financing of an air defence system contract agreed between the two countries. According to Iraq's Ministry of Finance, Faleh Sari met with Ambassador Lee Jae-myung on Wednesday. Also present were the Iraqi Army Chief of Staff, Lieutenant […]
By John Lee. A second global satellite communications provider is in negotiations to obtain a licence to operate in Iraq, which would introduce direct competition to Starlink in the market. Baligh Abu Kalal (pictured), head of Iraq's Communications and Media Commission (CMC), told the Baghdad Dialogue Conference that around 40,000 Starlink devices were in use in […]
By John Lee. Iraq's Ministry of Oil has held talks with a delegation from Qatari company UCC on the proposed Basra-Haditha-Fishkhabur and Haditha-Baniyas pipeline project. Discussions covered the contract type, implementation timeline, and other technical matters. Minister of Oil Basim Muhammad Khudhair al-Abadi, attended by Deputy Minister for Extraction Affairs Nassir Aziz, called for the […]
