Second Iraq-Egypt Transport Committee Meeting
By John Lee. A second meeting of the Iraq-Egypt Joint Technical Committee for the implementation of a memorandum of understanding (MoU) on freight and passenger transport has taken place in Baghdad. The Iraqi side was led by Karim al-Jabri, Director General of the Technical Department at the Ministry of Transport, while the Egyptian side was […]
Iraq and Oman Sign Anti-Corruption Agreement
By John Lee. Iraq and Oman have signed a memorandum of understanding (MoU) on bilateral cooperation in integrity promotion and anti-corruption, on the sidelines of the Sixth Session of the States Parties to the Arab Anti-Corruption Convention in Doha, Qatar. The MoU was signed by Dr Mohammed Ali Al-Lami, President of the Federal Commission of […]
Workshop: Strengthening SME resilience in Iraq
From the United Nations Office for Disaster Risk Reduction (UNDRR). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Strengthening SME resilience in Iraq: Building risk-informed, inclusive and resilient enterprises for sustainable recovery and local economic development Background Small and medium-sized enterprises (SMEs) are central […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 24th September 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 2,660.7 -0.88% 4.07% USD-RSISX 2,616.2 -0.88% 4.07% […]
Illegal Currency Network Dismantled as Dinar Weakens
By John Lee. An unlicensed currency exchange and money transfer network has been dismantled in Baghdad, with five suspects arrested and $240,000 seized. According to Iraq's Ministry of Interior, the operation was carried out by units of the Federal Intelligence and Investigations Agency (FIIA). The suspects were operating in several districts on the Rusafa side […]
Oil Sector Talks for Iraqi PM in New York
By John Lee. Iraqi Prime Minister Ali al-Zaidi met separately in New York with representatives of US oil companies HKN Energy and ExxonMobil, according to the Prime Minister's Office (PMO). In the meeting with HKN Energy, al-Zaidi urged the company to accelerate operations and increase working hours on its projects and contractual commitments in Iraq, […]
Iraqi MP Ordered to Repay $58m After Corruption Conviction
By John Lee. An Iraqi member of parliament has been sentenced to seven years in prison for illicit enrichment and ordered to repay more than IQD 61 billion (USD 46.6 million) in unlawful assets and equivalent financial penalties. According to the Federal Commission of Integrity, the Central Criminal Court for Anti-Corruption issued an in-person verdict […]
Iraq's Small Business Support Fund to Improve Loan Access
By John Lee. Iraq's Small Business Support Fund has held a board meeting to review procedures for issuing loans and improve support for small business owners. The meeting took place at the premises of the Department of Labour and Vocational Training, which falls under the Ministry of Labour and Social Affairs. According to the Ministry […]
Franchises as an Investment: Risks, Rewards and Returns
By Joel Bissitt. Franchises as an Investment: Risks, Rewards and Returns Investing in a franchise can be a very lucrative investment opportunity, but it can come with a hefty initial investment cost. On the other hand, franchises can prove to be fantastic investments for people who want to become business owners without having to reinvent […]
Gas Processing Unit Opens at East Baghdad South Field
By John Lee. A new gas processing unit with a capacity of 30 million standard cubic feet per day (mmscfd) has opened at the East Baghdad oil field (southern section). According to the Ministry of Oil, processed gas from the unit will be fed directly to the Bismaya power station via a pipeline constructed by […]
Fraud Network Hid Ownership of 170 Properties
By John Lee. A fraud network that purchased more than 170 properties in Babylon and Baghdad and registered them in the names of others has been dismantled, with all nine suspects arrested. The properties, which include state-owned and agricultural land, are estimated to be worth tens of billions of Iraqi dinars (hundreds of millions of […]
New Wave Offshore Energy Wins Contract for AGUP Phase 2
By John Lee. Sinopec (China Petroleum & Chemical Corporation) has awarded a Marine Warranty Survey (MWS) contract to New Wave Offshore Energy in support of the Associated Gas Upstream Project (AGUP) Phase 2 in southern Iraq, part of the Gas Growth Integrated Project (GGIP) operated by TotalEnergies alongside its partners Basra Oil Company (BOC) and […]