Iraq Cancels $764 Million Baghdad Airport Project Over Corruption Allegations (opens in new tab)

Iraq has scrapped a $764 million public-private partnership for Baghdad International Airport after corruption allegations engulfed the project, dealing a severe blow to Prime Minister Mohammed Shia al-Sudani's infrastructure reform agenda. The collapse of the World Bank-supervised deal raises doubts about Iraq's ability to attract the foreign capital its crumbling airports urgently need.