By John Lee. Iraq's Minister of Industry and Minerals, Prof. Eng. Khaled Battal Al-Najm, alongside the Governor of Karbala, oversaw the signing of three memorandums of understanding (MoUs) for strategic projects in Karbala Industrial City during an official visit to the province on Saturday. The agreements were signed between Al-Yusra Industrial, the developer of Karbala […]
By John Lee. A Memorandum of Understanding (MoU) has been signed between the Turkiye Wealth Fund and the Iraq Development Fund, marking what TWI describes as a significant step toward deepening economic cooperation between the two countries at the sovereign wealth fund level. The agreement aims to foster innovation-driven investments across priority sectors including energy, […]
By John Lee. Iraq's Council of Ministers has approved converting the contract model for the Kirkuk Refinery's Hydrogenation and Gasoline Improvement Unit (12,000 barrels per day) from a Build-Own-Operate (BOO) to a Build-Own-Operate-Transfer (BOOT) model. The processing fee for the project has been set at $23 per barrel. (Source: PMO)
By John Lee. Prime Minister Mohammed S. Al-Sudani received a delegation from the U.S. Chamber of Commerce on Wednesday, including American investors and corporate executives, accompanied by the U.S. Chargé d'Affaires in Iraq. The meeting focused on strengthening economic ties and promoting Iraq as an attractive destination for foreign investment. The Prime Minister outlined steps […]
By John Lee. In line with the directives of Deputy Prime Minister for Energy Affairs and Minister of Oil Hayan Abdul Ghani, Iraq's Oil Pipelines Company has announced the successful operation of a new fuel oil pipeline connecting Samawa Refinery to the Samawa Combined Cycle Power Plant. According to the company's Director General, Ali Abdul […]
By John Lee. The Prime Minister's Advisor for Transportation Affairs has announced that the Development Road Project will be managed by a new 100% Iraqi-owned company, reporting directly to the Prime Minister. Speaking to the state-run Iraqi News Agency (INA), Nasser Al-Asadi explained that during a recent meeting of the Higher Committee for the Development […]
By John Lee. The Government of Japan and UN-Habitat have expanded their joint efforts to support returnees and vulnerable communities in Northern Iraq, in coordination with the Government of Iraq. A new Japanese contribution to the Japan Village Project in Mosul will provide 24 additional social housing units, increasing the total capacity to 500 returnees […]
By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani has inaugurated the Al-Amarah Unified Major Water Project, a 16,000 m³/hour facility aimed at securing potable water supply for all areas of Al-Amarah City in Maysan [Missan] Province. Al-Sudani emphasized that completing stalled infrastructure projects is a top government priority, particularly those that have faced long […]
From Capacity Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq's digital future: FastIraq CEO on why the country is rising as a key connectivity hub As the global demand for low-latency, high-capacity connectivity grows-driven by AI, cloud services, and real-time applications-networking strategies […]
By John Lee. The management of the General Company for Ports of Iraq (GCPI) held an extensive meeting this week with representatives from the Ministry of Planning and consultancy firm KBR at the Ministry of Transport headquarters to discuss the transition to the operational phase of the Grand Faw Port. Dr. Farhan Al-Fartousi, Director General […]
By John Lee. Iraq's Prime Minister, Mohammed S. Al-Sudani, oversaw the signing of a major agreement between the Iraqi Ministry of Oil and BP for the development and production of four key oil fields in Kirkuk. The contract covers the Kirkuk field (Baba and Avana domes), Bai Hassan, Jambur, and Khabbaz. The signing ceremony on […]
By John Lee. Iraq has signed a contract with China State Construction Engineering Corporation (CSCEC) to build a comprehensive Medical City in Dhi Qar Province. The 490 billion Iraqi dinar [$374 million] project was finalized under the supervision of the Dhi Qar Reconstruction Fund and the Ministry of Health. During the signing ceremony, Prime Minister […]
