By John Lee. Iraq has signed an "agreement of principles" with state-owned PowerChina (Power Construction Corporation of China) to build a 2,000-MW solar power station. The Director General of the Investments and Contracts Department at the Ministry of Electricity, Mrs. Maha Hamoudi Abdul-Jabbar, signed on behalf of the Iraqi side, while the Deputy General Manager […]
By John Lee. Iraq's Ministry of Oil has announced finalised oil exports for July of 90,467,794 barrels, giving an average for the month of 2.918 million barrels per day (bpd), slightly up from the 2.892 million bpd exported in June. The exports from the oilfields in central and southern Iraq amounted to approximately 87,455,359 barrels, […]
By John Lee. The Iraqi cabinet has agreed to change the name of the Ministry of Electricity to the Ministry of Electricity and Renewable Energy. A draft law enacting the change will be referred to the House of Representatives (parliament). (Source: Govt of Iraq)
By John Lee. The Chairwoman of the National Investment Commission (NIC), Suha Daoud Najjar, has confirmed that the NIC is studying compensating investors who are still continuing their investment projects despite suspension for four years due to ISIS terrorist gangs. She indicated that the study includes submitting a proposal to the Council of Ministers and […]
Menzies Aviation expands MASIL joint venture with launch of passenger services at Baghdad International Airport Menzies Aviation has announced that it has expanded its joint venture with Iraqi Airways ("MASIL") to offer passenger services at Baghdad International Airport. MASIL has now assumed operational control of passenger service activities in the Nineveh terminal at Iraq's largest […]
By John Lee. The European Commission has proposed to the Council to adopt temporary restrictive measures on short-stay visas for visa applicants who are nationals of Iraq, Bangladesh and The Gambia. Under the revised Visa Code in force since February 2020, the EU's short-stay visa policy is linked to cooperation with partner countries on readmitting […]
By John Lee. Iraqi Minister of Industry and Minerals, Manhal Aziz Mahmoud Al-Khabbaz, has announced the official start of construction of a new cement plant in Badoush, in Nineveh Governorate. The $220-million project is being carried out by the General Company of Iraqi Cement and a Spanish company, which the Ministry did not name. The […]
By John Lee. Japan's Minister for Foreign Affairs, Motegi Toshimitsu, visited Iraq on Saturday, meeting with Foreign Minister Fuad Hussein, Prime Minister Mustafa Al-Kadhimi, and President Barham Salih. Minister Motegi announced that Japan intends to extend the "Basrah Refinery Upgrading Project (Phase 3)" Yen loan project (up to the amount of 32.7 billion yen) [$300 […]
By John Lee. On Sunday, Iraqi Prime Minister Mustafa Al-Kadhimi met with the Emir of Kuwait, His Highness Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah. During the meeting in Kuwait, the Prime Minister stressed the need to take advantage of the potential offered by being neighbouring states, the interdependence of strategic and economic interests between the two […]
By John Lee. Erbil-based Aswar Al-Hadhaba General Trading, Contracting and Transportation Ltd has won a contract with the United Nations Secretariat for the post-conflict reconstruction of 21 low cost core housing units In Yathrib Sub-District, Balad district, Salah Al Din Governorate, Iraq The contract is valued at $428,835. (Source: UNGM)
By John Lee. The US Consul General in Erbil, Robert Palladino, has recently visited higher educational facilities in the city. At Erbil Polytechnic University he met with President Dr. Kawa Sherwani and senior administrators. They discussed U.S. exchange programs, the university's progress, and areas of possible cooperation. CG Palladino also participated in a roundtable discussion […]
By Erik Gustafson, Omar Al-Nidawi, and Mohammed Khalil, for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Polls Give Iraq's Reformers the Advantage, the Vote May Be Theirs to Lose In Iraq, pre-election polls indicate likely difficulties […]
