NIC Releases $111m to Hanwha for Bismayah Housing Units
By John Lee. A payment of $111 million has been released to South Korean contractor Hanwha for completed residential units at the Bismayah housing project in Baghdad. The National Investment Commission (NIC) announced the release of the first instalment, covering 8,280 completed units, following the completion of all required legal and documentary procedures. The payment […]
Iraq "Plans Joint Management of Kurdistan Oilfields"
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq Plans Joint Management of Kurdistan Oilfields Amid Budget Dispute Iraq's Oil Ministry plans to station employees of the State Organization for Marketing of Oil (SOMO) at Kurdistan Region oilfields to monitor actual production […]
UAE-Iraq Trade Hit by Iran War
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. UAE-Iraq Trade Hit by Iran War UAE exports to Iraq fell sharply in the first half of the year as the Iran war disrupted regional shipping […]
Tabaqchali: The Market, the Economy, and the Iraqi Dinar's Devaluation
By Ahmed Tabaqchali, Chief Strategist of AFC Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Market, the Economy, and the Iraqi Dinar's Devaluation The market, as measured by the Rabee Securities U.S. Dollar Equity Index (RSISX USD Index), was down 18.4%. […]
KBR in West Qurna-1 Gas Compressor Station Contract
By John Lee. KBR has been awarded a contract by AKT Oil Services Company (AKT) [Abraj Al-Kut Oil Services Company] to provide detailed engineering design services for the West Qurna-1 Low-Pressure Gas Capture Project in Iraq. The project is part of Basra Gas Company (BGC)'s programme to expand gas capture infrastructure and reduce flaring across […]
Škoda Signs Iraq Distribution Deal
By John Lee. Dogus Otomotiv has signed a letter of intent to establish sales and after-sales service operations for Škoda-branded passenger cars in Iraq. The agreement, disclosed via the Turkish public disclosure platform, will see the Turkish distributor take on the Iraqi dealership under terms to be defined in a formal contract. Dogus, which has […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 5th November 2026. Please click here to view a table of listed companies and their associated ticker codes. Rabee Securities' Market Indexes Change - Weekly Index Code Closings Change (w/w) (%) Change (YTD) (%) IQD-RSISX 2,373.8 -3.81% -7.15% USD-RSISX 2,027.0 -3.81% -19.37% […]
World Bank Financing Proposed for Baghdad Water and Sewage
By John Lee. Iraq's Ministry of Planning has held talks with the World Bank on a financing proposal for water and sewage projects in Baghdad. The meeting, chaired by Undersecretary for Technical Affairs Dr. Maher Hammad Johan and attended by the Technical Undersecretary of the Secretariat of Baghdad, discussed financing options, implementation mechanisms, and timelines […]
Successful $500m Bond Placement by Pearl Petroleum
From Dana Gas: Dana Gas and Crescent Petroleum announce successful US$500 million bond placement by Pearl Petroleum Dana Gas PJSC and Crescent Petroleum, joint operators of the Pearl Petroleum Consortium [has] announced the successful placement of a US$500 million senior secured bond by Pearl Petroleum Company Limited, at a fixed coupon of 10.375% per annum, […]
Trial Production Begins at Amara Gas Separation Station
By John Lee. Trial production has begun at the Amara Gas Separation Station, operated by Maysan [Missan] Oil Company (MOC), at an initial rate of 3,000 barrels per day (bpd). Hussein Kazem La'ibi, Director General of Maysan Oil Company, said the station is operating under a phased plan to increase output progressively, with a target […]
STEM Skills Programme for Children in Iraqi Kurdistan
By John Lee. Registration is open for the Armath Engineering Makerspace Programme in the Raparin region of Iraqi Kurdistan, targeting children aged 10 to 15. The programme covers robotics, engineering, programming, and technology through hands-on activities, with training sessions held twice weekly to fit around school timetables. Students will learn: Robotics & Programming Build and […]
Drilling Begins at Well RT-80 in Artawi Field
By John Lee. The Iraqi Drilling Company (IDC) has begun drilling operations at well RT-80 in the Artawi oil field in Basra province, on behalf of TotalEnergies. According to Iraq's Ministry of Oil, the work forms part of IDC's ongoing drilling programme across the country's oil fields. IDC Director General Mohammed Hantoush confirmed the operation, […]