From the Iraq Britain Business Council (IBBC). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. IBBC visit Basrah with focus on Maritime, Chambers and member engagement. The IBBC Iraq team of Colin Findlay, Ali Mazhkour, Dr Ali Jawad visited Basra to convene IBBCs Maritime […]
By John Lee. Iraq's ports recorded strong financial and commercial growth in 2025, according to an annual statistical report published by the Statistics and Geographic Information Systems Authority of the Ministry of Planning. Key indicators for the General Company for Ports of Iraq (GCPI) showed: Total revenues of IQD 1,100.7 billion ($840 million), up 20.5% […]
By John Lee. A Chinese cargo vessel has docked at Umm Qasr North Port on the first direct sailing from China via the Strait of Hormuz since the resumption of maritime navigation through the strait. According to the Ministry of Transport, the MV KSL Xinyang arrived on Monday carrying a mixed cargo of oil sector […]
By John Lee. The General Company for Iraqi Cement, a subsidiary of the Ministry of Industry and Minerals, has reported a significant increase in the production of oil-well cement grades B and G at its Babylon [Babil] plant in February. According to the company, the plant produced 3,240 tonnes during February, a substantial rise compared […]
By John Lee. A mass public vehicle crossing has taken place inside the submerged tunnel at Al Faw Grand Port marking what the General Company for Ports of Iraq (GCPI) has described as a historic milestone in the development of one of Iraq's most complex engineering projects. According to the Iraqi News Agency, the crossing took […]
By John Lee. The Babil Cement Factory, operated by the General Company for Iraqi Cement (GCPI) under the Ministry of Industry and Minerals, has reported a significant increase in production of non-standard cement (oil well cement, grades B and G) in February of this year. Production reached 3,240 tonnes during February, a substantial rise compared […]
By John Lee. The Iraqi Ministry of Transport has reported continued arrivals of cargo vessels at Iraqi ports during March, reflecting ongoing maritime trade activity despite regional tensions. According to the ministry, maritime agencies of the State Company for Maritime Transport (SCMT) have continued to provide services to incoming vessels, while cargo handling operations are […]
By John Lee. The General Company for Ports of Iraq (GCPI) has confirmed that Iraq has formally deposited its maritime zones map and associated coordinates with the United Nations (UN), in a move aimed at consolidating its maritime rights and strengthening its legal position in boundary matters. Director General Dr Farhan Al-Fartousi said the deposit […]
By John Lee. The operational plan for the Development Road project has been reviewed, alongside progress on engineering designs and economic feasibility. The discussions were held during a meeting involving Oliver Wyman, the project's financial advisory firm, and BTP, the Italian engineering consultancy, at the headquarters of the Iraqi Republic Railways Company. Key points covered […]
By John Lee. The Council of Ministers has approved measures related to water infrastructure in Basra and contract execution for the first phase of the Grand Faw Port project. The cabinet reviewed the Al-Baradhiya water project in Basra and approved the establishment of modular water treatment stations on the Shatt al-Arab to secure drinking water […]
By John Lee. The General Company for Ports of Iraq (GCPI) has confirmed the signing of a contract with Dutch firm Fugro to carry out third-party surveying of the al-Faw navigation channel, in preparation for issuing internationally recognised Admiralty charts. Director General Farhan al-Fartousi told the state-owned Iraqi News Agency (INA) that the survey work will […]
By John Lee. The General Company for Ports of Iraq (GCPI) has announced that its total revenues, including those from affiliated ports and facilities, reached IQD 1,063,291,000,000 (approximately $810 million) by the end of October 2025, reflecting improved operational performance and rising efficiency across its activities. Director General Dr Farhan Al-Fartousi said the results were […]
