Latest News from Iraq Business
Iraq Business
12 hours ago
- Business
- Iraq Business
Iraqi Airways closer to Removal of EU Ban
By John Lee. Prime Minister Mohammed S. Al-Sudani chaired a key meeting with representatives from the International Air Transport Association (IATA) to track progress on lifting the European Union's ban on Iraqi Airways. During the session, the IATA delegation and the Head of the Iraqi Civil Aviation Authority (ICAA) presented a detailed update, confirming that 71% of the agreed corrective action plan has been implemented. Discussions also explored the signing of a potential Memorandum of Understanding (MoU) between Iraq and IATA to further formalise collaboration. The review included compliance with IOSA (IATA Operational Safety Audit) and EASA (European Union Aviation Safety Agency) standards, with IATA affirming improved operational performance and pledging continued support through technical training to bolster aviation governance in Iraq. Topics also covered included airport security, pilot development programmes, and the importance of aligning Iraqi Airways with global aviation service standards in areas such as cargo, ground services, and fuel operations. (Source: PMO)
Iraq Business
12 hours ago
- Business
- Iraq Business
China "Tightens Grip on Iraq" with Basra Megaproject
By Simon Watkins for Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. China Tightens Grip on Iraq's Energy Future with Massive Basra Megaproject China's Geo-Jade Petroleum has signed a swathe of major contracts that give Beijing control over Iraq's first fully integrated energy project. Click here to read the full report.
Iraq Business
12 hours ago
- Business
- Iraq Business
World Bank discusses Priorities for Iraq's Infrastructure Projects
By John Lee. Iraq's Ministry of Planning held a technical meeting in Baghdad on Tuesday with a delegation from the World Bank, led by Deputy Minister for Technical Affairs, Dr. Maher Hammad Johan, to discuss mechanisms for joint cooperation on funding proposals to support vital development projects in Iraq. The discussions focused on four sectoral priorities identified by relevant ministries: water air pollution (environment) river sanitation agriculture. These areas were emphasised for their significant impact on sustainable development and quality of life. Dr. Johan stressed that this initiative is part of Iraq's broader efforts to strengthen economic recovery and sustainable development. He noted that a follow-up technical meeting will be held to study the World Bank's proposals in detail, ensuring alignment with government priorities and avoiding overlap with existing projects. He also underlined the importance of effectively utilising external funding to complete critical infrastructure initiatives that have already made substantial progress. Enhanced collaboration with the World Bank is expected to support the creation of effective action plans that will advance Iraq's development goals. The meeting was attended by Dr. Saher Abdul-Kadhim, Director General of the International Cooperation Department, Mr. Tahseen Mahmoud Muthanna, Director General of Government Investment, and several department heads from the ministry. (Source: Ministry of Planning)
Iraq Business
12 hours ago
- Business
- Iraq Business
Iraq to consider Taxing its Biggest Polluters
Aya Nader for Raseef 22. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News . Make them pay: Iraq to consider taxing its highest polluters A draft proposal to amend Iraq's Environmental Protection and Improvement Law was submitted to parliament by the Ministry of Environment and the local community in Basra. If passed, the law would force environmentally polluting entities, including fossil fuel companies, to pay environmental taxes. The proposed draft also suggests that these funds be redistributed to directly impacted communities through decentralized, locally managed mechanisms. The full article can be viewed here.
Iraq Business
a day ago
- Business
- Iraq Business
Iraqi Cabinet Approves 2 Solar Energy Projects
By John Lee. The Iraqi Council of Ministers has approved key measures to advance major solar energy projects, reinforcing the country's push toward clean and sustainable power generation. Firstly, the cabinet approved a memorandum of understanding between the Ministry of Electricity and US-based UGT Renewables for the development of an integrated solar power project. The Ministries of Planning and Finance are tasked with aligning the project with national development priorities and allocating the necessary funding. The Minister of Electricity has been granted full authority to proceed with implementation. for the development of an integrated solar power project. The Ministries of Planning and Finance are tasked with aligning the project with national development priorities and allocating the necessary funding. The Minister of Electricity has been granted full authority to proceed with implementation. Secondly, the Council endorsed the Ministerial Council for Energy's recommendation on pricing and development costs for the 1000 MW Artawi Solar Power Plant, to be developed with France's TotalEnergies. The project is recognised as a strategic component of Iraq's clean energy agenda. The Ministry of Oil has been instructed to fulfil its payment obligations under the power purchase agreements, and the Director General of the State Company for Southern Electricity Production is authorised to sign the contract addendum with the French energy firm. These approvals mark a significant step in diversifying Iraq's energy sources and reducing its dependence on fossil fuels. (Source: PMO) Tags: Artawi, cg, clean energy, Electricity In Iraq, featured, Ministry of Electricity, Ratawi, solar energy, solar power, State Company for Southern Electricity Production, TotalEnergies, UGT Renewables, United States
