By John Lee. Dhi Qar Oil Company (DQOC) has signed a Heads of Agreement (HOA) with a consortium comprising KBR (USA), Dragon Oil (UAE), and Al Hurra International to develop the Abu Amoud and Saba [Subba] oilfields in Dhi Qar Governorate. The project will be undertaken as an integrated investment venture. The signing ceremony took […]
By John Lee. Iraq's Ministry of Electricity held a virtual meeting with the UAE's Masdar to expedite the signing of a power purchase agreement and resolve challenges related to the construction of solar power plants in Maysan, Dhi Qar, and Anbar. The planned projects, with a total capacity of 1,000 megawatts, represent a significant step […]
By John Lee. UAE-based Chestertons Global has announced the opening of a new office in Baghdad, as part of its ongoing expansion across the Middle East. According to a statement from the company, Iraq's real estate sector, valued at $1.12 billion in 2024 with projected annual growth of 6%, is attracting increasing interest from investors. Government-backed infrastructure […]
By John Lee. The Abu Dhabi Securities Exchange (ADX), the UAE's largest financial market, has signed an agreement with the Iraq Stock Exchange and the Iraqi Securities Commission (ISC), paving the way for Iraq to join the regional digital trading platform, Tabadul. The signing ceremony was held at ADX headquarters on Tuesday. The agreement follows […]
By John Lee. Dana Gas has announced accelerated development at Kurdistan's Khor Mor and Chemchemal fields. Full statement from Dana Gas Dana Gas, the Middle East's leading publicly listed regional natural gas company, and its partner Crescent Petroleum, the oldest private oil & gas company in the Middle East, together with their partners in the […]
By John Lee. icetana Limited (ASX:ICE) has announced its first contract in Iraq, securing a US$1.09 million deal with HTE Electronics Trading LLC, the Dubai-based subsidiary of Al-Technologia Al-Alia Co. for General Trading Ltd (High Tech). The company describes itself as, "a global SaaS software company providing video analytics technology designed to identify abnormal events […]
By John Lee. Iraq's National Investment Commission (NIC) has granted its first solar power investment license for a 1,000 MW project to France's TotalEnergies, marking what it described as a major step in the country's transition to renewable energy. NIC Chairman Dr Haider Mohammed Makiyya [Makia] confirmed that construction work has begun at the Ratawi […]
By John Lee. Dubai-based facilities management (FM) company EFS Group has commenced operations in Iraq. According to a LinkedIn post from Regional Country Director Kamal Zahran, the company is tapping into Iraq's extraordinary potential for facilities management. "As an early entrant, we are proud to be part of this dynamic industry landscape," he said. Vice Chairman […]
H.E. Abdulla Bin Touq Al Marri, UAE Minister of Economy delivers keynote address at Gulfood Gulfood 2025, the largest global food business event opened its doors for a second day at Dubai World Trade Centre (DWTC) ahead of an impressive schedule. Ministerial Opening: Food500 Summit H.E. Abdulla Bin Touq Al Marri, UAE Minister of Economy […]
By Eileen Travers for the United Nations (UN). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq: How the world helped Mosul rise from the rubble of war Terrorist fighters with ISIL/Da'esh invaded Iraq's second city of Mosul in 2014, destroying centuries-old landmarks in […]
By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani has launched the Residential City Development Project in Nahrawan, Baghdad, covering 24,197 donums [approx 6,000 hectares, 15,000 acres], to provide serviced residential plots for Ministry of Defense personnel. The project is being managed by Dubai-based World Legend Contracting. During the ceremony, the Prime Minister also handed […]
By John Lee. Gas production at Khor Mor's KM250 expansion is expected to start in Q2 2026. In its results for FY 2024, Dana Gas said: "In September 2024, Pearl Petroleum took over full responsibility for the KM250 expansion project following the termination of the original EPC contractor. Construction resumed fully in December and the […]
