Al-Qaim Cement Plant Exports to Syria as Full Capacity Reached
By John Lee. The Al-Qaim cement plant in Anbar province has reached its full design capacity of 840,000 tonnes of resistant cement per year, with monthly production of 70,000 tonnes. According to the Ministry of Industry and Minerals, exports to Syria are running at 7,500 tonnes per month. General Company for Iraqi Cement said the […]
Iraq-South Korea Joint Committee Meeting
By John Lee. A preparatory meeting has been held for the Iraqi side of the tenth session of the Iraqi-South Korean Joint Committee. The meeting was chaired by Shoorsh Khalid Saeed, Deputy Minister of Foreign Affairs for Legal and Multilateral Affairs, with participation from representatives of relevant ministries and sectoral bodies, the Iraqi Embassy in […]
Iraq to Start Work on First Rail Link to Iran
By Nadim Kawach, for Arabian Gulf Business Insight (AGBI). Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq to Start Work on First Rail Link to Iran Iraq is preparing to start work on its first direct railway link with Iran after completing […]
US Packs Up Air Defenses as Withdrawal Deadline Looms
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. US Packs up Last Iraqi Air Defenses as Withdrawal Deadline Looms Nearly two months ahead of its anticipated Sept. 30 withdrawal deadline, the United States has begun packing up its air defenses in […]
Iraq LNG Terminal on Track for Q2 2027
By John Lee. Iraq's first LNG import terminal is expected to commence operations in the second quarter of 2027, according to US-based Excelerate Energy. In its financial results for the second quarter ended June 30, 2026, the Texas-based company said engineering and procurement activities are nearing completion, site clearance and dredging are under way in […]
Iraq's Domestic Debt "at Record $79bn" Amid Hormuz Crisis
By Nadim Kawach, for Arabian Gulf Business Insight (AGBI). Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq's Debt Hits Record High as Hormuz Crisis Drains Revenues Iraq's borrowing accelerated in the first five months of the year as the government fought to […]
Iraq and Kuwait "Face Tougher Oil Restart than Gulf Neighbours"
By Francesca Washtell, for Arabian Gulf Business Insight (AGBI). Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq and Kuwait Face Tougher Oil Restart than Gulf Neighbours Repeated shut-ins of older oilfields mean Iraq and Kuwait are likely to face challenging returns to […]
Iraq-Syria Rapprochement "Makes Baghdad More Valuable"
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq-Syria Rapprochement Makes Baghdad More Valuable, Not More Exposed On July 8, 2026, the Donald Trump administration informed the US Congress of its intent to rescind Syria's designation as a state sponsor of […]
Genel Energy Rejects DNO Takeover Approach
By John Lee. Genel Energy has unanimously rejected an unsolicited takeover proposal from Norway's DNO ASA, saying the offer fundamentally undervalues the company. DNO proposed to acquire all of Genel's issued ordinary share capital at 69 pence per share in cash. The board of Genel, having evaluated the proposal with its advisers, rejected the approach […]
DNO Makes Possible $271m Offer for Genel Energy
By John Lee. A possible cash offer for Genel Energy plc has been put forward by Norwegian oil and gas operator DNO ASA, valuing the company at approximately £202 million [approx $271 million]. The approach was rejected by the Genel Board on 4 August 2026, but DNO says it remains willing to engage. Under the […]
Iraq Wins Int'l Legal Cases Worth $26bn in 4 Years
By John Lee. Iraq has won 32 international legal cases on behalf of the Iraqi state over the past four years, saving the public treasury around $26 billion - an achievement described as the largest such result since the 1990s. According to the Ministry of Justice, the total value of funds secured for the treasury […]
US Fed Ships $500m Cash to Central Bank of Iraq
By John Lee. A shipment of $500 million in cash has arrived in Iraq from the US Federal Reserve, destined for the Central Bank of Iraq (CBI). According to the state-run Iraqi News Agency (INA), an official source confirmed the delivery, stating that the funds will be used for transactions related to travellers and external […]