By John Lee. A business delegation from Türkiye, comprising business owners, entrepreneurs, and investors who are members of the Foreign Economic Relations Board (DEİK), has met with Kurdistan Region Prime Minister Masrour Barzani in Erbil. The meeting was also attended by Anıl Bora İnan, Ambassador of Türkiye to Iraq, and Erman Topçu, Consul General of […]
By John Lee. Prime Minister Ali al-Zaidi met a group of Iraqi business leaders and investors in Amman, Jordan, to outline government policies aimed at improving the investment climate and attracting domestic and foreign capital. According to the Prime Minister's Office, al-Zaidi highlighted measures including customs exemptions for development projects, streamlined procedures, and protections for […]
By John Lee. Progress on Japanese loan-funded port development projects in Iraq has been reviewed at a meeting between the General Company for Ports of Iraq (GCPI) and representatives of the Japanese loan authority. The meeting was chaired by GCPI Director General Abdullah Ati Abdullah. According to the Ministry of Transport, discussions covered completion rates […]
By Gökçe Nur Ataman, for The National Interest. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq Courts US Oil Giants to Secure New Export Routes Chevron and ConocoPhillips are pursuing different paths into Iraq's oil sector, but the $60 billion in announced deals […]
By John Lee. Combined-cycle units with a capacity of 125MW each are under construction at the South Baghdad Gas Power Station and the Khor al-Zubair power station, with both units planned to enter service before next summer. According to Iraq's Ministry of Electricity, a meeting was held on Sunday between Mohammed Naama al-Tufeili, Undersecretary for […]
By John Lee. Five grain storage silos are being built across Iraq by Switzerland-based Bühler, covering the provinces of Najaf, Anbar, Muthanna, Wasit, and Kirkuk. Bühler is responsible for the electromechanical works, while Samco is carrying out civil construction. Minister of Trade Mustafa Nizar Jumaa visited Bühler's headquarters in Switzerland, accompanied by Dr Haider Nouri […]
By John Lee. Iraq is planning to build 16 new liquefied petroleum gas (LPG) storage tanks with a combined capacity of 48,000 cubic metres, as part of efforts to expand strategic reserves and improve supply stability. According to the Ministry of Oil, a senior review meeting was chaired by Dr Izzat Sabir Ismail, Deputy Minister […]
By John Lee. A river taxi service along the Tigris in Baghdad is being prepared for launch to investors, according to the National Investment Commission (NIC). A coordination meeting chaired by NIC head Adel Dakhil Muhammad al-Yasiri reviewed the technical and planning requirements for the project, which is being developed under Diwan Order No. 251513. […]
By John Lee. The World Bank has discussed expanded cooperation with Iraq's Ministry of Electricity, with a focus on priority projects to develop the country's power infrastructure. Osman Dione, World Bank Vice President for the Middle East and North Africa, met with Minister of Electricity Ali Saad Wahib at the ministry's headquarters on Wednesday. According […]
By Nadim Kawach, for Arabian Gulf Business Insight (AGBI). Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Turkey to Gain from Upcoming Oil Pact with Iraq Turkey will gain from an expected oil pact with Baghdad that replaces a decades-old deal governing Iraq's […]
By John Lee. Qatar Chamber and the Federation of Iraqi Chambers of Commerce have signed a Memorandum of Understanding (MoU) to establish a Qatar-Iraq Joint Business Council. The signing took place on Wednesday at a bilateral business meeting in Doha, attended by senior figures from both chambers and prominent business leaders from each country. The […]
By John Lee. Iraq has announced a package of economic stimulus measures totalling around IQD 3.5 trillion ($2.7bn), covering housing finance, industrial lending, contractor payments, agricultural dues, and an expanded generations fund. The measures were agreed at a meeting chaired by Prime Minister Ali al-Zaidi and attended by the Minister of Finance, the Governor of […]
