By John Lee. The Central Bank of Iraq (CBI) has announced details of its urban development initiatives for Baghdad's heritage areas, including a donation of more than 90 billion Iraqi dinars [$90 million] to revive Al-Rasheed Street, one of the capital's most famous cultural and tourist landmarks. Plans include the introduction of a tram line […]
By John Lee. Kalaam Telecom Group has announced the successful completion of the first year of operations of its Iraq Transit route, launched in partnership with Iraq's Informatics & Telecommunication Public Company (ITPC). It says the terrestrial route has become a vital alternative for data traffic between the Gulf Cooperation Council (GCC) and Europe, delivering […]
By John Lee. Iraq's Minister of Communications, Dr. Hiyam Al-Yasiri (pictured), has met with Ooredoo of Qatar to discuss joint projects aimed at strengthening Iraq's role as a regional and international data hub. Talks focused on implementing bilateral agreements to route communications traffic via the FIG submarine cable landing station in Al-Faw, managed by Ooredoo, […]
By John Lee. The National Investment Commission (NIC) has announced plans to attract up to $250 billion in investments over the next two years, as part of efforts to diversify the economy and reduce reliance on oil revenues. NIC spokesperson Hanan Jassim told the state-run Iraqi News Agency (INA) that recent government reforms and legislative […]
By John Lee. The Ministry of Communications has denied reports of an investment contract with British company Vodafone, stressing that no agreement has been signed to date. Omar Abdul Razzaq Musaheb (pictured), Official Spokesperson for the Ministry of Communications, confirmed in a statement that procedures for establishing the national mobile licence project are still underway, […]
By John Lee. The Iraqi Cabinet has approved a series of incentives for the developers of Basra/1 and Basra/2 residential projects. For Basra/1, the developer has been exempted from the standard 10 percent deduction representing the landowner's share. The company is also authorised to sell units at open market prices. Additionally, it is permitted to […]
By John Lee. The General Company for Ports of Iraq (GCPI) has launched a significant digital transformation by integrating what it describes as "advanced fifth-generation (5G) smart equipment" into its operational infrastructure, marking a major step toward full automation in Iraq's maritime sector. According to Director General Dr. Eng. Farhan Al-Fartousi, the company received a […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani on Wednesday launched the construction of Al-Kriat [Al-Kari'a] Bridge over the Tigris River as part of the Baghdad reconstruction campaign, specifically targeting the revitalisation of the holy city of Kadhimiya. The work will be carried out by Turkish company HSY Yapi Insaat and Lebanon's Khatib & Alami. […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani has laid the foundation stone for a major upgrade at the Dora [Doura] Thermal Power Plant in Baghdad, including the rehabilitation of two existing thermal units (2 x 160 MW) and the installation of two new units (2 x 160 MW), adding a total of 640 MW […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani inaugurated the newly rehabilitated Mosul International Airport on Wednesday, describing it as a strategic gateway for boosting economic and development opportunities in Nineveh province. The inauguration ceremony was attended by the Ministers of Defence, Transport, and Culture, as well as the Governor of Nineveh, the Chairman of […]
By John Lee. The Iraqi Ministry of Communications has announced internet penetration reaching 82.9 percent of the population by the end of 2024, up from just 44.3 percent in 2019, according to official data from the International Telecommunication Union (ITU). Key components of the Ministry's strategy include the rapid expansion of the FTTH (Fibre to […]
By John Lee. Iraqi Prime Minister Mohammed Shia Al-Sudani has underscored the importance of ensuring that new residential cities meet the needs of citizens, during a site visit to the under-construction Al-Jawahiri City (pictured), west of Baghdad. The Prime Minister inspected the project, launched in December 2023, as part of his government's housing initiative. He […]
