By John Lee. Iraq participated via video link in a meeting of OPEC+ countries to review global oil market conditions and the production outlook, as the group confirmed it will maintain its current production policy during early 2026. Full statement from OPEC: Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman reaffirm commitment to […]
By John Lee. Saudi carrier Flynas has announced the launch of a new direct service connecting Madinah (MED) and Baghdad (BGW), with flights commencing on 6 December. The route will operate twice weekly, providing improved travel options for pilgrims and other passengers moving between the two cities. The new service forms part of Flynas' regional […]
By John Lee. The State Company for Petrochemical Industries in Basra, part of the Ministry of Industry and Minerals, has announced a series of projects aimed at restarting production across its plants and strengthening Iraq's national industry. Director General Mazen Abdul-Razzaq said the company is continuing implementation of a partnership contract to establish a chlorine […]
By John Lee. Iraqi Prime Minister Mohammed Shia Al-Sudani has opened the new Al-Fadhiliya General Hospital in Baghdad on Thursday, a 246-bed medical facility that had been stalled since 2014. According to a press release from the Prime Minister's Media Office, the project, now completed eight months ahead of schedule, marks a major milestone in […]
By John Lee. The Iraqi Cabinet has approved a major project to rehabilitate, develop, and operate Baghdad International Airport through a partnership with a global private-sector operator. The initiative aims to raise the airport's standards to meet international aviation safety and security requirements, attract international airlines, and restore Iraq's reputation in the global air transport […]
By John Lee. The Iraqi Ministry of Transport has received bids from several international companies to develop Baghdad International Airport (BIAP). According to Bassem Waheed, Acting Director General of the Contracts and Licensing Department, the Ministry's evaluation committee will select the best offer to ensure high-quality development services for the airport. Three consortia submitted proposals: […]
By John Lee. The Minister of Industry and Minerals, Prof. Eng. Khaled Battal Al-Najm, oversaw the signing of partnership agreements between Iraqi private sector companies and their Saudi counterparts in the field of transformer and electrical equipment production. The signing took place during the Iraq Investment Forum, attended by the Saudi Ambassador to Iraq. According […]
By John Lee. National Investment Commission (NIC) Chairman Dr. Haider Mohammed Makiyya met on Wednesday with Saudi investor Mohammed Al-Khraif and his accompanying delegation to discuss ways of enhancing investment cooperation between Iraq and Saudi Arabia across multiple economic and industrial sectors. Dr. Makiya reaffirmed the government's commitment to providing a safe and attractive environment […]
By John Lee. Major international entertainment and sports organisations have launched a coordinated campaign urging the Iraqi government to shut down illegal streaming platforms that are costing the country's potential digital media market up to $1 billion annually. The campaign follows the Iraq Without Piracy Summit held in Baghdad in February, which brought together local, […]
IFC Marks 20 Years of Partnerships for Impact in Iraq, Announces $1bn in New Investments The International Finance Corporation (IFC), a member of the World Bank Group, held an IFC Partnerships Day in Baghdad on Saturday, under the patronage of His Excellency Mr. Mohammed Shia' al-Sudani, Prime Minister of Iraq, to mark two decades of […]
By John Lee. Iraq's state-owned Oil Exploration Company and Al-Qarnain Petroleum, a subsidiary of China's ZhenHua Oil, have signed a contract for a two-dimensional seismic survey of the Al-Qarnain (Al-Quraynan) exploration block. Minister of Oil, Hayan Abdul Ghani, described the block as a promising oil and gas prospect on Iraq's border with Saudi Arabia. According […]
By John Lee. Iraq's Minister of Industry and Minerals, Khaled Battal Al-Najm, chaired a meeting at the Ministry's headquarters to explore a potential partnership agreement with Saudi company Ajyal for the establishment of a petrochemical complex in Basra. The proposed complex would be built on the site of the State Company for Petrochemical Industries in […]
