Iraq’s Council of Ministers authorized the Ministry of Finance to finalize a loan agreement supported by German and international export credit agencies to further the progress of this major energy initiative. This financial backing will facilitate the implementation of MOE-…
Chinese Firm Signs USD 2 Billion Deal to Build Industrial Hub in Iraq’s Basra
The Ministry of Industry announced the signing of an investment contract for the development of Changxin Basra Industrial City. The agreement marks a significant milestone in establishing a modern industrial hub aimed at fostering economic diversification. Managed under the Iraq…
Iraq Moves Forward with Major Airport Rehabilitation
A comprehensive initiative is underway to transform Baghdad International Airport through rehabilitation, expansion, financing, operation, and maintenance. The latest update reveals a detailed presentation of the technical and economic feasibility study prepared by the International Finance Corporation (IFC) of the…
Oil Fires in Iraq
For the past few months, a smoke plume has shifted with the winds over northern Iraq. In recent years, periodic oil fires have cast a dark pall over this arid landscape. They are one consequence of ongoing war in the…