John Lee

3 days ago | iraq-businessnews.com | John Lee

By on in Construction & Engineering In Iraq, Investment, Iraq Industry & Trade News By John Lee. The Chairman of Iraq's National Investment Commission (NIC), Dr. Haider Mohammed Makiyya, announced the restart of 503 investment projects across the country, as part of a national plan to stimulate the economy.

4 days ago | iraq-businessnews.com | John Lee

By on in Investment, Iraq Industry & Trade News, Iraqi Communications News By John Lee. The Ministry of Communications and the Iraqi Economic Council discussed preparations for the Iraq Investment Forum, scheduled for early June in Baghdad. Minister Hiyam Al-Yasiri highlighted strategic projects for investment, including submarine and transit [fiber optic] cable systems and data centres, aimed at enhancing Iraq's digital infrastructure and regional connectivity.

5 days ago | iraq-businessnews.com | John Lee

By John Lee. President Abdul Latif Jamal Rashid and Governor of the Central Bank of Iraq (CBI), Ali Al-Alaq, met at Baghdad Palace to discuss economic reforms aimed at strengthening Iraq's financial sector and fostering sustainable growth. They emphasized the importance of modernizing the banking system, stabilizing the market, and creating a robust financial framework to attract investment and support development.

5 days ago | iraq-businessnews.com | John Lee

By John Lee. Al Rida Investment Group has joined the Iraq Britain Business Council (IBBC). Established in 1997, Al Rida has evolved from a construction company into a diversified Iraqi holding firm at the forefront of national development, according to a press release from the IBBC. With investments in real estate, infrastructure, industrial manufacturing, and financial services, Al Rida plays a key role in Iraq's economic transformation, it added.

6 days ago | iraq-businessnews.com | John Lee

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 towards diversifying Iraq's energy sources. Both parties agreed to meet again next week to continue discussions. (Source: Ministry of Electricity)