Capstone Meetings Highlight Policies to Attract Private Investment and Advance Iraq’s Economic Development The U.S. Embassy’s Minister Counselor for Economic Affairs, Robin Matthewman (pictured), joined high-level Iraqi officials and international experts in opening a two-day series of “Capstone Meetings” to discuss ways to attract private investment into Iraq. The National Investment Commission (NIC) of Iraq […]
By John Lee. Iraq plans to establish a state-funded investment bank to help finance major infrastructure projects and steer money towards private sector companies. Sami Al Araji, chairman of the National Investment Commission (NIC), told Reuters: “We need this [state-funded investment bank] to push forward the economy ... Our existing commercial banks do not have […]
The Embassy’s Commercial and Economic Sections and the U.S. Department of Commerce’s CLDP (Commercial Law Development Program), in association with the National Investment Council (NIC), hosted a seminar on "Developing Franchise Opportunities in Iraq" on January 22. The program represents a joint initiative to expand US -Iraq business engagement through franchising. The Iraqi Chamber of […]
Iraq's National Investment Commission (NIC) decided to reduce the down payment required to buy housing units at the new Bismayah development. NIC Chairman Dr. Sami al-Araji said that following requests from the public, the down payment would be reduced from 25 percent to 10 percent. He added that work at Bismaya, the biggest housing project […]
By John Lee. The Ministry of Telecommunications, in coordination with the National Investment Commission (NIC) has announced an opportunity for Iraqi and foreign investors to invest the lands belonging to the Ministry, the details of which are outlined below. The offer is made in accordance with investment law No. 13 (2006) as amended, and its […]
The Executive Chairman of the Iraq Britain Business Council (IBBC), Baroness Nicholson (pictured), has announced the biggest ever British trade mission to Iraq. In a massive push to boost UK business in Iraq the IBBC will take a 100 companies to Baghdad, Basrah and Erbil in mid-June. A senior UK government minister will co-lead the […]
By John Lee. Iraq's National Investment Commission (NIC) recently held the Iraqi-Singapore Business and Investment Forum in Baghdad, in order to brief the Singapore delegation on investment opportunities in Iraq, as well as to promote economic and commercial exchange between the two countries. Deputy Prime Minister for Economic Reform, Dr. Rowsch Shaways, confirmed in his opening […]
By John Lee. Iraq's Ministry of Construction and Housing has announced an investment opportunity in the governorate of Nasiriyah to build a residential complex for Ministry staff and state employees. The project is located on a 250,000 m2 site on the island of Kushmarah, on the highway in the northern part of Nasiriyah city, adjacent […]
By John Lee. The National Investment Commission (NIC) has announced its intention to sign a contract with the local government of Karbala province to build 40,000 houses. NIC Chairman Sami al-Araji (pictured) said the housing complex (Thifaf Karbala), will be built by the UAE-based Bloom Properties, and is expected to be completed within eights years. (Source: […]
By John Lee. In collaboration with OECD and and National Investment Commission (NIC), a special two-day training course in the management of investment zones was held recently in Baghdad. On behalf of NIC chairman Dr. Sami Al-Araji, NIC advisor Dr. Abdullah Al-Bander welcomed participants representing several ministries, including Industry and Minerals, Communication, Finance and the […]
By Omar al-Shaher for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Iraqi National Investment Commission (NIC) is facing major problems in marketing units in the largest residential project in the country, despite the growing housing crisis in the capital of Baghdad. […]
By John Lee. The National Investment Commission (NIC) has awarded India's Welspun Corporation an investment licence to establish a factory for the production of iron welded pipes in Basra province. A press release from the Council of Ministers says that the cost of the project is $450 million [dinar?]. (Source: Cabinet)
