By John Lee. Basra Governor Asaad Al-Eidani has welcomed the arrival of the first aircraft operated by Basra Airlines, named the "Shatt al-Arab", marking what he described as a milestone for the city's growing aviation sector. Founded in 2023 by Chairman and CEO Mr. Moffak Sabir Hamad, Basra Airlines aims to position itself as a modern […]
By John Lee. The National Investment Commission (NIC) has announced the start of administrative procedures to designate the Al-Tayeb area in Maysan as a district, paving the way for its transformation into a major multi-service economic city and strategic investment opportunity. NIC Chairman Dr. Haider Mohammed Makiya said the Commission has received the master planning […]
By John Lee. The National Investment Commission (NIC) has signed an engineering supervision contract for the "Future City" ["City of the Future"] residential project - one of Baghdad's largest urban investment developments. The signing ceremony was attended by NIC Chairman Dr. Haider Mohammed Makiyya, representatives of Al-Handal International Group (the project developer), and Dr. Mohammed […]
By Dr Ali Abdul Kadhim Dadoush, for the Al-Bayan Center for Planning and Studies. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Assessing the impact of the fire insurance gap on the fragility of special economic projects in Iraq Insurance serves as a safeguard […]
By John Lee. The Ministry of Electricity's Undersecretary for Production Affairs, Eng. Mohammed Nema Al-Tufaily, chaired a key meeting with Shanghai Electric to set firm timelines for the execution and completion of combined-cycle projects and rehabilitation of power stations. The talks, attended by senior ministry officials and regional power company directors, focused on government-mandated programmes […]
By John Lee. The Iraqi Ministry of Industry and Minerals, chaired by Minister Prof. Eng. Khaled Battal Al-Najm, has approved the awarding of key industrial city projects during the second session of the Industrial Cities Authority's Board of Directors. Among the approved projects are: The establishment of Iraq's first pharmaceutical industrial city in Babylon, covering […]
By John Lee. The American University of Iraq - Baghdad (AUIB), in partnership with Raban Al-Safina Group, has announced the launch of Iraq's first fully integrated teaching hospital in five decades. The $250-million investment agreement is supported by the International Finance Corporation (IFC). The 200-bed facility will be built to international standards, featuring emergency and […]
By John Lee. The Iraqi Cabinet has amended Resolution 24306 of 2024 to authorise the National Investment Commission (NIC) to contract with the advisory consortium comprising Malaysia's HSS [HSS Engineering Berhad (HEB)] and the UAE's CHSS (as partner) for the Najaf-Karbala metro project. The decision allows the NIC to grant the investment licence and sign […]
By John Lee. Prime Minister Mohammed Shiaa Al-Sudani chaired a special meeting on Monday to review progress on the Ali Al-Wardi New Residential City (Madinat al-Ward), planned for southeast Baghdad. The project, spanning 61 million square metres, will provide 120,000 housing units of various types. It is positioned as a key solution to Iraq's housing […]
By John Lee. [Update: On 16th October 2025, Citi Pharma clarified to the Pakistan Stock Exchange that no decision had been made to open a factory in Iraq. Our article below was based on a post that Citi Pharma published on its own Facebook page, in which it clearly states, "We are excited to announce […]
By John Lee. The Kurdistan Regional Government (KRG) has launched the Kawlokan Corniche Project, a key component of the Soran District Tourism Master Plan, aiming to establish the area as a major visitor destination. The first phase will develop five ponds along a 4-kilometre river stretch, with landscaped green spaces, cafés, and restaurants. The project's […]
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 […]
