By John Lee. Iraq's Minister of Transport, Razzaq Muhaibas Al-Saadawi, chaired a meeting on Wednesday at the headquarters of the General Company for Iraqi Railways with representatives from Oliver Wyman, the consultancy firm providing financial advisory services for the Development Road Project. The meeting, attended by Dr. Maki Jabir Nasser, Director-General of the Iraqi Railways, […]
By John Lee. Iraq has signed a contract for the construction of its third offshore pipeline to enhance the stability and flexibility of crude oil exports from its southern ports. The project, which is being executed by a consortium of Italian company Micoperi and Turkish company Esta, is designed to handle 2.4 million barrels per […]
By John Lee. Iraq's Council of Ministers has approved the awarding of the Third Offshore Pipeline Completion Project tender to an Italian-Turkish consortium. Italy's Micoperi and Turkiye's ESTA Construction will be given 757 days to complete the project. Micoperi describes itself as a leading contractor in the oil and gas offshore business for more 70 […]
From United Nations Iraq. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Building Entrepreneurial Skills to Support MSMEs and Job Creation in Iraq The International Labour Organization (ILO) is strengthening the entrepreneurial ecosystem in Iraq by providing training to support micro, small, and medium-sized […]
By John Lee. Prime Minister Mohammed S. Al-Sudani met recently with Italy's new Ambassador to Iraq, Niccolò Fontana. He congratulated Fontana on his new role and wished him success in his mission. Discussions covered bilateral relations and opportunities for enhanced cooperation across various sectors. Regional developments were also addressed, including the situation in Syria and […]
By John Lee. The Iraqi Ministry of Transport has announced increased interest from international companies in investing in Iraq's strategic transport initiatives. Aided by improved investment conditions and government policies, 2025 is expected to see exceptional foreign direct investment activity, according to the Ministry. Key opportunities include the Grand Faw Port project, with 11 shortlisted […]
By John Lee. Minister of Oil Mr. Hayan Abdul Ghani received an Italian business delegation this week, led by Ms. Chiara Franchini, Deputy Head of Mission at the Italian Embassy in Baghdad. The visiting delegation also included: Mr. Carlo Lombardi, Director of Italian energy company STP Studi Tecnologie Progetti S.p.A.; Mr. Franco Pigiocchi, Financial Director […]
By John Lee. The Iraqi Federation of Industries (IFI), in collaboration with the International Labour Organization (ILO), and supported by Italy through the Italian Agency for Development Cooperation (AICS), has launched the Iraqi National Network for Employers Interested in Empowering and Employing Persons with Disabilities. According to a press release, the event, hosted at the […]
By John Lee. Iraq's Minister of Industry and Minerals, Dr. Khaled Battal Al-Najm, supervised final preparations for the Basra steel plant, expected to begin operations by the end of this year. During his on-site visit, the minister oversaw the plant's final cold start-up phases, which utilize advanced technology from Italy's Danieli Group for steel and […]
By John Lee. Prime Minister Mohammed S. Al-Sudani chaired a meeting this week to follow up on the progress of Al-Faw Grand Port, attended by representatives from Daewoo, the Korean company, and the Italian consultancy firm, Technital. The Prime Minister's Office said he reviewed the details of the ongoing work on the key projects within […]
By John Lee. The Iraqi Cabinet has approved key components of the Development Road project, focusing on the rehabilitation and expansion of railways. The project, with an estimated cost of 3.932 trillion dinars [$3 billion], will be included in the Ministry of Transport's 2024 investment budget, funded through a mix of budgetary allocations and loans. […]
By John Lee. The International Labour Organization (ILO), Iraq's Ministry of Planning (MOP), and the Italian Agency for Development Cooperation (AICS) have held a two-day conference to discuss the national Micro, Small, and Medium Enterprises (MSMEs) development Policy for Iraq by bringing together government entities, international organizations, employer and worker groups, and financial institutions to […]
