Customs Automation Push: ASYCUDA Expansion and Pre-Payment Plans
By John Lee. Plans to expand Iraq's customs automation system and introduce pre-payment of customs duties are under active review. Finance Minister Faleh Sari chaired a meeting on Wednesday with officials from the General Customs Authority and experts from the United Nations Conference on Trade and Development (UNCTAD) to discuss next steps. According to the […]
Iraq's Strategic Oil Production Plan for 2027-2030
By John Lee. Iraq has set a target of raising oil production to around 10 million barrels per day (bpd) by 2030, under a strategic plan covering the period 2027-2030. According to the Prime Minister's Office (PMO), Prime Minister Ali al-Zaidi chaired a meeting at the Ministry of Oil attended by the ministers of finance […]
US Approves $800m Military Helicopter Sale to Iraq
By John Lee. The United States has approved a possible Foreign Military Sale to Iraq for Bell 412EPX and Bell 407M helicopters and related equipment, with an estimated total value of $800 million. The principal contractor would be Bell-Textron, based in Fort Worth, Texas. According to the US Bureau of Political-Military Affairs, the package includes: […]
Top 10 Dinar Articles from August
The following were the ten most read dinar-related articles on Iraq Business News for the month of August: Iraq "Considers Removing Three Zeros from Dinar" Iraq Considers Deleting Zeros from Dinar; Officials Revive Currency Overhaul CBI Denies Reports of New Redenominated Currency You Bought Iraqi Dinars. Now What? "Deleting the Zeros": What Iraq Actually Said, […]
Steven H. Fagin Returns as US Chargé d'Affaires in Baghdad
By John Lee. Steven H. Fagin has returned to Baghdad as Chargé d'Affaires of the United States Mission to Iraq. According to the US Embassy in Baghdad, Fagin previously served as US Ambassador to Yemen, and before that as Chargé d'Affaires and Deputy Chief of Mission in Baghdad, and as Consul General in Erbil. (Source: […]
Mercedes-Benz Signs MoU with Erbil Chamber of Commerce
By John Lee. Mercedes-Benz Iraq has signed a memorandum of understanding (MoU) with the Erbil Chamber of Commerce and Industry to strengthen business ties and create new local opportunities. The signing was attended by Erbil's Governor, Omed Khoshnaw, along with government officials and traders. The MoU was signed by Mercedes-Benz Iraq's CEO, Bernhard Dolinek, and […]
New Online Rebooking Service from Iraqi Airways
By John Lee. Iraqi Airways has launched an online rebooking service allowing passengers to change their flight date or destination without visiting a company office or agent. Director General Mustafa Talib said the facility would save passengers time and effort, and offer greater flexibility in managing their bookings. He added that the airline would continue […]
Supreme Population Council Convenes to Review Demographic Priorities
By John Lee. Iraq's Supreme Population Council has held its first session, chaired by Prime Minister Ali al-Zaidi, with ministers of education, labour, water resources, youth and sport, and environment in attendance, along with the Secretary-General of the Council of Ministers and the head of the Kurdistan Regional Government representation in Baghdad. According to the […]
Euphrates Inflow to Iraq "Quadruples from Last Year"
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Euphrates Inflow to Iraq Quadruples from Last Year: Ministry of Water Resources Water flowing into Iraq from Syria through the Euphrates river has increased to nearly 680 cubic meters per second, more than four […]
GSK in Talks to Return to Iraqi Pharma Market
By John Lee. Meetings have taken place in the United Arab Emirates between Iraq's Ministry of Health and senior representatives of major international pharmaceutical companies, aimed at encouraging their return to the Iraqi market. British Ambassador to Iraq Irfan Siddiq attended and assisted with the meetings. The most significant meeting was with GSK, a British […]
Production Target Announced for Akkas Gas Field
By John Lee. Iraq's Ministry of Oil has announced a long-term plan to raise production at the Akkas gas field to 400 million standard cubic feet per day (MMscfd), with an interim target of 143 MMscfd by mid-2027. A meeting with a delegation from US company ConocoPhillips is expected in Baghdad to discuss implementation of […]
Plans Advance for Al-Tayeb Economic City
By John Lee. Plans for Al-Tayeb Economic City in Maysan province have moved forward following a meeting to assess water infrastructure requirements for the site. The meeting was chaired by the head of the National Investment Commission (NIC), Adel Dakhil Muhammad al-Yasiri and focused on the technical and economic feasibility of water harvesting projects at […]