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National Investment Commission Explores Non-Oil Investments with UNDP

By on 14th March 2025 in Investment

By John Lee. The National Investment Commission (NIC) Chairman, Dr Haider Mohammed Makiyya [Makia], met with representatives from the United Nations Development Programme (UNDP) to discuss potential non-oil investment projects in Iraq. Key projects under discussion included: Fibre optic cable infrastructure. High-quality silica sand investment. Soil enhancement technologies to combat desertification. Climate investment strategy, recently […]

Tribunal Appointed in Agility Arbitration Case

By on 14th March 2025 in Investment, Iraq Industry & Trade News, Iraqi Communications News

By John Lee. An arbitration tribunal has been appointed in the case of Agility Public Warehousing Company K.S.C. v. Republic of Iraq (ICSID Case No. ARB/17/7). Its members are: Sarah Grimmer (New Zealand), President, appointed by agreement of the Parties; Stephen L. Drymer (Canadian), appointed by Claimant; and Dr. August Reinisch (Austrian), appointed by Respondent. […]

Iraq Stock Market Report

By on 14th March 2025 in Investment

Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 13th March 2025. Please click here to view a table of listed companies and their associated ticker codes. Note: ISX will be closed on Mar. 16, 2025 (Sunday) due to a public holiday. The next trading session will be held on Mar. […]

Iraq Wins in $1bn Arbitration Case against German Firm

By on 13th March 2025 in Investment, Iraq Industry & Trade News

By John Lee. Iraq's Ministry of Justice has said it has successfully defended Iraq in a $1-billion international arbitration case filed by Germany's AHG Industry GmbH & Co. KG at the World Bank's International Centre for Settlement of Investment Disputes (ICSID). According to the statement from the Ministry on Tuesday (11th March), the dispute stemmed […]

List of New 100-Bed Hospitals Under China Agreement

By on 13th March 2025 in Construction & Engineering In Iraq, Healthcare

By John Lee. The Ministry of Health has announced details of the 100-bed hospital series under the Iraq-China agreement, specifying the provinces and expected completion timeline. Ministry spokesperson Seif Al-Badr confirmed that contracts with reputable global companies are ongoing, with daily oversight from Health Minister Dr. Saleh Mahdi Al-Hasnawi. The hospitals will be constructed in: […]

World Bank Reaffirms Commitment to Supporting Iraq

By on 13th March 2025 in Iraq Banking & Finance News, Iraq Industry & Trade News, Politics

By John Lee. Iraq's Minister of Finance, Taif Sami, met with Jean-Christophe Carret, the World Bank's representative in Iraq, to discuss strengthening economic and financial cooperation. The discussions focused on strategic projects aimed at stimulating economic growth, creating jobs, and developing infrastructure and human capital. Minister Sami emphasized Iraq's commitment to leveraging technical and financial […]

NIC holds Meeting for Energy Services Economic Cities

By on 13th March 2025 in Construction & Engineering In Iraq, Investment

By John Lee. Iraq's National Investment Commission (NIC) has held a preparatory meeting for the Energy Services Economic Cities Initiative, aimed at supporting local economic diversification and attracting foreign investment in the energy sector. NIC Chairman Dr. Haider Mohammed Makia [Makiyya] emphasised that these specialised cities will serve as hubs for global and local companies […]

Al-Fatha Bridge Reconstruction

By on 13th March 2025 in Construction & Engineering In Iraq, Iraq Public Works News

By John Lee. Prime Minister Mohammed S. Al-Sudani has officially inaugurated the reconstructed Al-Fatha Bridge over the Tigris River, restoring a crucial transportation link between Salah al-Din and Kirkuk Governorates. The 540-meter bridge, which was destroyed during the war against ISIS, has been rebuilt with enhanced capabilities following the Prime Minister's directive to accelerate its […]

IMF Discusses Strengthening Iraqi Dinar

By on 12th March 2025 in Iraq Banking & Finance News, Iraq Industry & Trade News

By John Lee. Iraq's delegation concluded its meetings with the International Monetary Fund (IMF) in Amman (February 24-26), with participants including Minister of Finance Taif Sami and the Governor of the Central Bank of Iraq (CBI). Discussions focused on Iraq's economic performance and sustainable growth prospects, with the IMF acknowledging the progress made. Key discussions […]