By John Lee. The Prime Minister of Iraq, Mr. Mohammed Shia Al-Sudani, has laid the foundation stone for a large tourism complex in Baghdad. The project includes a large hotel, a residential complex, and various tourism facilities. The Qatari Investment Holding Company [Estithmar Holding] is leading the project, which marks Qatar's first investment venture in […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani reviewed initial plans and overall outlines for a large tourist complex in central Baghdad on Sunday. The project proposal was submitted by the Qatari Investment Holding Company [Estithmar Holding], specialized in real estate development and investment in tourist destinations. Pictures provided by the Media Office of the […]
By Yaqoub Beth-Addai and Michael Knights for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Blunting the Militia Campaign Against Iraq's Christian Leaders A U.S.-sanctioned, Iran-backed militia leader aims to sideline the country's Chaldean Patriarch and take […]
By Louisa Loveluck and Mustafa Salim, for The Washington Post. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. A building boom fueled by corruption is changing the face of Baghdad Twenty years after an American-led invasion plunged Iraq into conflict, a real estate […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Will new land ownership rights be game-changer for Iraq's Yazidis? Late last year, the Iraqi government announced that members of the minority Yazidi community will be granted land ownership rights in the northern […]
By Jane Arraf and Yasmine Mosimann, for the New York Times. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Baghdad Loses Green Space to Real Estate Boom The problem is driving up temperatures in what is already one of the hottest cities in the […]
By John Lee. Zain Group has announced that its operation in Iraq has entered into a definite 15-year agreement to sell and leaseback, as well as the management rights of the passive physical infrastructure of its 4,968 tower portfolio in Iraq to TASC Towers Iraq for US$180 million. The deal also comprises of TASC Towers […]
By John Lee. Prime Minister Muhammad Shia Al-Sudani has chaired a meeting to discuss the best use of lands surrounding Baghdad International Airport (BIAP). He ordered a ban on the granting or investment licenses and what was described as the "illegal disposal" of these lands, and stressed that any projects being implemented in this region […]
By Laure Al Khoury and Salam Faraj for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. In Iraq, graft helps push property prices out of reach Real estate in Iraq has become a popular way to launder money, including stolen public […]
By John Lee. A new startup has reportedly announced a new product that digitises real estate maps. According to a report from Iraq Tech, Optionline's Naxsha is cloud-based real-estate software that "offers agencies a customisable platform to build and use data to improve their sales strategy." The app currently only contains maps of Erbil city, […]
Iraq: Conflict, destruction stopping displaced families from returning to Sinjar Widespread destruction of civilian houses, new clashes, and social tensions are stopping two thirds of displaced families from returning to their homes in Iraq's north-western town of Sinjar, according to a new report by the Norwegian Refugee Council (NRC). Nearly five years on from the […]
By John Lee. The Kurdistan Development Corporation (KDC) has bought the majority shareholding of Erbil-based KREDCO Real Estate Limited Company. KREDCO has previously been described as a joint venture between the KDC and the Kuwait-based National Real Estate Company (NREC). According to a disclosure to the Kuwaiti stock exchange, NREC said it sold its 51-percent […]
