Iraq Oil Exports to Hit 3m bpd in September
By John Lee. Iraq's oil exports are running at around 3 million barrels per day (bpd) in September, with plans to increase pipeline export capacity through Syria and Turkey's Ceyhan port by more than 1 million bpd. Minister of Oil Basim Muhammad Khudhair al-Abadi told the state-run Iraqi News Agency (INA) that Iraq remains within […]
34MW Hydroelectric Scheme Planned for Garmian
By John Lee. Construction is under way on the Bawanur Dam project in the Garmian District of the Kurdistan Region. The project is designed to strengthen water security, support agriculture and environmental protection, and generate electricity. Overseen by the Kurdistan Regional Government's (KRG) Ministry of Agriculture and Water Resources, the dam is an embankment structure […]
Plan for National AI Infrastructure in Iraq
By John Lee. Plans to develop a national artificial intelligence (AI) infrastructure in Iraq have been discussed by the Communications and Media Commission (CMC) and an adviser to the Prime Minister. According to the CMC, Baligh Abu Kalal, head of the CMC, met with Dr Diya Al-Jumaili, adviser to the Prime Minister for AI affairs, […]
SalamAir to Launch Baghdad-Copenhagen Route
By John Lee. SalamAir is to begin flights between Muscat and Copenhagen via Baghdad, from 14th November. The Omani low-cost carrier says passengers in Iraq can book flights directly between Baghdad and the Danish capital. (Source: SalamAir)
Iraq "Drains $16bn from Reserves after Oil Revenues Slump"
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 Drains $16bn from Reserves after Oil Revenues Slump Iraq's foreign-currency reserves fell by nearly $16 billion in four months this year as the government tapped […]
New Egyptian Ambassador to Iraq
By John Lee. Ahmed Hussein Khafaji has presented a copy of his credentials as Egypt's new ambassador to Iraq. Foreign Minister Fuad Hussein received him at the Ministry's headquarters in Baghdad on Wednesday. During the meeting, both sides affirmed the strength of bilateral relations and expressed a commitment to developing cooperation between the two countries. […]
"Depositor Outrage" over Guardianship of Al-Taif Islamic Bank
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Depositor Outrage as Iraqi Authorities Place Private Bank under Guardianship The Iraqi banking sector is coming under renewed scrutiny following the Central Bank of Iraq's (CBI) decision to place the private Al-Taif Islamic […]
Can Iraq Really Replace Saudi as ME's Top Oil Producer?
By Alex Kimani, for OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Can Iraq Really Replace Saudi Arabia As The Middle East's Top Oil Producer? The global power of most Middle Eastern countries remains dependent on their oil and/or gas output, so it […]
Five One Labs 2025 Annual Report
By John Lee. Five One Labs (51 Labs) has published its annual report for 2025, its final full year of operations in Iraq. The report outlines a final year of pilot programmes before the closure, with initiatives spanning Kurdish-language incubation, climate resilience, digital skills and social entrepreneurship. In 2025, the organisation identified several trends shaping […]
Transit Cable Deal Links Gulf to Europe via Iraq
By John Lee. A transit cable agreement has been signed to route telecommunications capacity from the Gulf to Europe via Iraq. The deal was concluded between the General Company for Telecommunications and Informatics and Asiacell's parent, Qatar's Ooredoo Group, under the auspices of Communications Minister Mustafa Jabbar Sanad. The agreement enables the transit of data […]
Water Deal with Turkey to Include Oil Exports up to 33,000 bpd
By John Lee. Iraq's Council of Ministers has approved an amendment to allow crude oil exports to Turkey of up to 33,000 barrels per day (bpd) as a first stage, in connection with a water framework agreement between the two countries. According to the Prime Minister's Office, the decision amends Council resolution 388 of 2026, […]
Baghdad Film Institute Signs Deal with Qatari Studio
By John Lee. Al Mana Film Studios has signed a Memorandum of Understanding with the Baghdad Film Institute, under which Al Mana has become an Official Industry Partner of the Baghdad Film Connection Awards 2026. As part of the agreement, Al Mana Film Studios will provide a project development services award of up to $5,000 […]