By John Lee. Iraq's ports have recorded strong financial performance in the first quarter of 2025, generating total revenues exceeding 314 billion Iraqi dinars [$240 million], according to Dr Eng. Farhan Al-Fartousi, Director General of the General Company for Ports of Iraq (GCPI). Monthly revenues were as follows: January: 109.27 billion dinars February: 98.74 billion […]
By John Lee. HKN Energy and ONEX Group have signed a binding term sheet with the Kurdistan Regional Government (KRG) to develop the Miran gas field through their new joint venture, Miran Energy. Located in the Kurdistan Region of Iraq, the Miran gas field is estimated to contain 8 trillion standard cubic feet (scf) of […]
By John Lee. WesternZagros, a privately owned US exploration and production company, has announced its acquisition of the Topkhana block in the Kurdistan Region of Iraq. The acquisition is seen as a strategic milestone in enhancing the Kurdistan Regional Government's (KRG) energy security and electricity provision plans. The company says that when developed alongside its […]
By John Lee. A team from the International Monetary Fund (IMF) has concluded a visit with Iraqi officials, concluding: Economic Challenges: Iraq faces a highly uncertain global environment, declining oil prices, and acute financing pressures, which are harming economic activity and deepening existing vulnerabilities. Urgent Measures Needed: Contain the fiscal deficit by increasing non-oil tax […]
By John Lee. The National Investment Commission (NIC) has signed an investment contract with Al-Ramla for the development of a fully serviced vertical residential complex. The project will feature up to 3,840 housing units, a five-star commercial hotel, a shopping center, a business hub, and various integrated services, aiming to provide modern housing solutions and […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani met on Monday with Ms. Anu Saarela, Ambassador of Finland to Iraq, and a delegation of executive directors from Nokia, the Finnish telecommunications and IT company. Discussions focused on expanding cooperation in information technology and advanced digital infrastructure. The Nokia team outlined its plans to support Iraq's […]
By John Lee. At the Cannes Film Festival 2025, the Baghdad Film Institute (BFI) announced a strategic partnership with 1001 Media, Iraq's leading digital streaming platform. This collaboration aims to foster the growth of the film industry, build an integrated production system, enhance regional and international networking among filmmakers, and expand the reach of Iraqi […]
By John Lee. Vehicle sales in Iraq have reportedly risen 24.1 percent year-on-year, for the first quarter 2025. According to a report from Focus 2 Move, South Korea's Kia overtook Japan's Toyota to become the top-selling manufacturer in Iraq, with MG of China coming in third place. The biggest selling individual model was the Toyota […]
By John Lee. Iraq's Ministry of Communications has said that internet services throughout the country were cut off for two hours on Monday during the general exams for middle school students. It said the cut, from 6:00 a.m. to 8:00 a.m., was "based on higher directives and at the request of the Ministry of Education." […]
By John Lee. Scottish-based EthosEnergy has been awarded a multimillion-dollar Operations and Maintenance (O&M) contract for the Maisan [Maysan, Missan] Combined Cycle Power Plant near Basra. The three-year contract, EthosEnergy's first comprehensive third-party Care, Custody and Control agreement in the Middle East, covers operations, inspections, and maintenance of the 850 MW facility. The power plant, operated […]
By John Lee. A series of important initiatives have been announced at the 34th Session of the Arab Summit, and the 5th Arab Economic and Social Development Summit, held in Baghdad on Saturday: Arab Food Security Initiative for Grains The Baghdad Initiative to Enhance Arab Cooperation on Environmental and Climate Challenges Arab Initiative to Provide […]
By John Lee. Iraq's South Refineries Company (SRC) is nearing the completion of its Fluid Catalytic Cracking (FCC) project, with 98% of the work done. Deputy Prime Minister and Minister of Oil, Hayan Abdul Ghani, emphasized the importance of boosting production to achieve self-sufficiency in petroleum products during his visit to the site. The project, set […]
