By John Lee. Discussions have been held on the restructuring of state-owned banks and the insurance sector as part of Iraq's financial reform programme. The meeting took place at the Ministry of Finance under the chairmanship of Minister of Finance Taif Sami Mohammed, with representatives of Ernst & Young, alongside senior officials from the Ministry […]
By John Lee. The National Investment Commission (NIC) has held a coordination meeting to review plans for tourism investment projects along the banks of the Tigris River. The meeting, chaired by the Commission's President, Haider Mohammed Makkiya, brought together members of a committee formed under a Diwani Order to oversee the development of tourism projects […]
By John Lee. Jetcraft Commercial has delivered two Bombardier CRJ-1000 regional jets to the newly-launched Basra Airlines. The CRJ-1000 fleet is expected to initially serve domestic routes from Baghdad, complemented by regional services to strategic destinations including Dubai, Beirut, and Amman. Basra Airlines, which received its Air Operator Certificate (AOC) in December, is preparing to […]
By John Lee. Plans are being advanced to deploy fast-track, smart solar energy projects to support electricity supply in the outskirts of Baghdad and across the provinces. The projects will be connected to medium-voltage distribution lines to reduce losses, ease network loads and increase available generation capacity ahead of the summer peak period. Key elements […]
By John Lee. Plans have reportedly been approved to expand the Najaf refinery's production capacity to 100,000 barrels per day, alongside the development of several oilfields in the province. The governor of Najaf, Yousif Kinawi, told the state-run Iraqi News Agency (INA) that the refinery's current capacity stands at around 30,000 barrels per day. Implementation […]
By John Lee. The Baghdad Metro project remains under review following an assessment of current proposals, which were found not to meet the requirements necessary to proceed with a project of this scale. A fourth report on the project, prepared by the Iraq Development Fund in cooperation with international institutions and companies with metro experience […]
By John Lee. Basra Airlines has officially received Iraqi Air Operator Certificate (AOC) No. 011, granting the carrier formal authorisation to operate as an approved Iraqi national airline under the supervision of the Iraqi Civil Aviation Authority (ICAA). According to a statement from the company, the certification follows several years of preparatory work and coordination […]
By John Lee. Prime Minister Mohammed Shia al-Sudani has chaired a special meeting to review progress on the Ali Al-Wardi Residential City (City of Roses / Madinat al-Ward), located southeast of Baghdad, amid concerns over administrative and technical delays. The meeting was attended by the Baghdad Governor, representatives from the Ministries of Construction, Housing, Municipalities […]
By John Lee. Iraqi insurance companies recorded written premiums of more than IQD 207.3 billion (approximately USD 159 million) during the third quarter of 2025, reflecting annual growth of over 75 percent, according to a report from the state-run Iraqi News Agency (INA), citing official data. It showed Iraqi Insurance Company leading the sector with […]
By John Lee. Prime Minister Mohammed Shiaa Al-Sudani has launched the first phase of the Pulse of Mosul project, aimed at rehabilitating alleys and neighbourhoods in the Old City of Mosul. The initiative mirrors the earlier Pulse of Baghdad programme to restore historic districts of the capital. Chairing a meeting attended by the Governor of […]
By John Lee. The General Company for Ports of Iraq (GCPI) has confirmed the signing of a contract with Dutch firm Fugro to carry out third-party surveying of the al-Faw navigation channel, in preparation for issuing internationally recognised Admiralty charts. Director General Farhan al-Fartousi told the state-owned Iraqi News Agency (INA) that the survey work will […]
By John Lee. On Monday, Prime Minister Mohammed Shia' Al-Sudani chaired a Board meeting of the Iraq Development Fund to review progress on key strategic and investment projects overseen by the fund. The meeting discussed the "Eduba" schools construction project, for which the first phase has been launched, and reviewed a Ministry of Finance report […]
