Iraq "Considers Removing Three Zeros from Dinar"
By Hawre Tofiq, for Draw Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq Federal Government Considers Removing Three Zeros from Dinar With the closure of the Strait of Hormuz due to conflict, Iraq's oil export routes have been severely restricted and overall […]
New NIC Chief Meets Head of Iraqi Economic Council
By John Lee. The head of Iraq's National Investment Commission (NIC), Adel al-Yasiri, has met with Ibrahim al-Massoudi al-Baghdadi, head of the Iraqi Economic Council (IEC), to discuss ways to strengthen cooperation in support of the investment environment. According to the NIC, the meeting covered prospects for joint cooperation, ways to overcome challenges facing investors, […]
Iraq-Egypt-Jordan Talks Focus on Energy and Pipeline Projects
By John Lee. Iraq's Foreign Minister Fuad Hussein held a series of bilateral and trilateral meetings in Amman on Wednesday on the sidelines of the Arab Ministerial Meeting on Jerusalem, covering energy cooperation, joint projects, and regional security issues. According to the Ministry of Foreign Affairs, the talks included separate meetings with the foreign ministers […]
CBI and CMC in Talks on Digital Payments Framework
By John Lee. The Central Bank of Iraq (CBI) and the Communications and Media Commission (CMC) have held talks on regulating digital payment services and developing the legislative framework for Iraq's digital economy. According to the CBI, Governor Nizar Nasser Hussein met the Commission's executive head, Balig Abu Kallal, to discuss a range of issues, […]
Fly Baghdad Removed from US Sanctions List
By John Lee. Fly Baghdad, also known as Iraq Express, has been removed from the US Office of Foreign Assets Control (OFAC) Specially Designated Nationals (SDN) list. Two aircraft operated by the airline - tail numbers YI-BAF and YI-BAN - have also been delisted. The airline had been designated under the Specially Designated Global Terrorist […]
Baghdad-Basra Train Service to Resume on Friday
By John Lee. The Baghdad-Basra passenger train service is to resume on Friday, 7 August, following a temporary suspension during the Arbaeen pilgrimage period and subsequent maintenance work. According to the Ministry of Transport, General Company for Iraqi Railways said the service was halted in the days following the Arbaeen commemoration to carry out maintenance […]
New Head of Iraq's National Investment Commission
By John Lee. Adel Dakhil Muhammad al-Yasiri has taken up his role as chairman of Iraq's National Investment Commission (NIC). On assuming his duties, al-Yasiri held a meeting with senior staff and directors-general at the NIC, reviewing the progress of current investment projects and the challenges they face. He stated that the coming period would […]
Khor Mor Gas Project Starts Supplies to Kirkuk Power Station
By John Lee. Crescent Petroleum and Dana Gas have begun supplying natural gas from the Khor Mor field to Iraq's Ministry of Electricity, under an agreement signed last December. According to a press release from Dana Gas, 100 million standard cubic feet per day (MMscf/d) will be delivered from the Khor Mor gas processing facility […]
What Iraq could Learn from China's Rural Revival
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. What Iraq could Learn from China's Rural Revival For decades, the prevailing wisdom across Iraq and much of the region has been that opportunity lies in the city. Villages steadily emptied as successive […]
"No Further Legal Challenge" in Bina Bawi Dispute
By John Lee. Genel Energy has confirmed that there will be no further legal challenge in its dispute with the Kurdistan Regional Government (KRG) regarding the Bina Bawi field. In April, the company announced that its subsidiary, Genel Energy Miran Bina Bawi Limited (GEMBBL), has been ordered by the London Court of International Arbitration (LCIA) […]
Genel Energy issues Results to 30th June
By John Lee. Genel Energy today reported unaudited results for the period ended 30 June 2026: Full statement from Genel Energy: Unaudited results for the period ended 30 June 2026 Paul Weir, Chief Executive of Genel, said: "We remain firmly focused on delivering our clearly stated strategic objectives and in this period, we have demonstrated […]
Iraq Discusses Hormuz Shipments with Iran
By John Lee. An Iraqi delegation has reportedly held talks with Iran on the smooth passage of oil tankers through the Strait of Hormuz, with expectations of reaching an understanding within the coming days. Minister of Oil Basim Muhammad Khudhair al-Abadi told the state-run Iraqi News Agency (INA) that the government's approach is based on […]