Minister meets with Shanghai Electric re Power Projects
By John Lee. Progress on combined-cycle power generation projects in four central Iraqi provinces has been reviewed in a meeting between the Minister of Electricity and representatives of Chinese contractor Shanghai Electric. The projects cover stations in Najaf, Karbala, Diwaniyah, and Babil. According to the Ministry of Electricity, Minister Ali Saad Wahib directed the company […]
$10m UNDP-KOICA Initiative for Displaced Communities in Iraq
By John Lee. A $10 million initiative to support the sustainable resettlement of internally displaced persons, returnees and displacement-affected communities has been launched across Anbar, Kirkuk, Ninewa and Salah al-Din. The programme is funded by the Government of the Republic of Korea through the Korea International Cooperation Agency (KOICA) and implemented by United Nations Development […]
Despite Pipeline Talks, Hormuz "will Remain Key to Iraq Oil Exports"
By Noam Raydan, for Seatrade Maritime. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Despite Pipeline Talks, Hormuz will Remain Key to Iraq's Oil Exports Amid the protracted crisis in the Strait of Hormuz, Iraq has been racing to find new outlets and […]
Iraq "Approves $267m in Pending Farmer Payments"
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq Approves $267M in Pending Farmer Payments, $45M for Kurdistan The Iraqi government has approved 350 billion Iraqi dinars (around $267 million) in pending 2025 dues for farmers nationwide, with 58.6 billion dinars (around […]
Iraq PM Aims for 8-10m Barrels/day within 6 Years
By John Lee. Iraqi Prime Minister Ali al-Zaidi has announced plans to distribute one million residential land plots to citizens, with the last plot to be allocated within three years. He made the comments on Friday during a session at the eighth Baghdad Dialogue Conference, organised by the Iraqi Institute for Dialogue. According to the […]
Iraq's Ration Card System to be Automated
By John Lee. Plans to automate Iraq's ration card system were discussed at a meeting between the Ministry of Trade and two technology companies. Iraq's Minister of Trade, Mustafa Nizar Jumaa, visited the General Company for Food Commodities Trading, where he met representatives of the National Company for Information Technology and Rabt Al-Najm, alongside senior […]
Sanctions Reshape Economic Model of Iraq's Armed Groups
By Ali Hussein Al-Khafajy, for Chatham House. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Sanctions have Reshaped, Rather than Weakened, the Economic Model of Iraq's Armed Groups Mounting US pressure on the financing channels of armed groups in Iraq may not weaken their […]
Iraq "Records $16bn Budget Deficit in 1H 2026"
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq Records $16 Billion Budget Deficit in First Half of 2026: Ministry Iraq has spent some 57.18 trillion dinars (roughly $43.5 billion) in the first six months of 2026 while revenues stood at just […]
Rafidain Bank to Offer Loans for Bismayah Apartment Contractors
By John Lee. Loans for contractors on residential units at the Bismayah housing project are to be released through Rafidain Bank, following an emergency meeting between the National Investment Commission (NIC) and the Ministry of Finance. NIC Chairman Adel Dakhil Muhammad al-Yasiri met with Finance Ministry Undersecretary Dr. Ali Karim Hussein on Thursday to resolve […]
Infrastructure Funding for Three Iraqi Border Crossings
By John Lee. Iraq's cabinet has approved the allocation of IQD 15 billion ($11.5 million) for infrastructure development at three border crossings. According to the Prime Minister's Office, the funds will be directed towards upgrading the crossings at Rabia (pictured), Al-Waleed, and Safwan. (Source: Prime Minister's Office)
New Rules for Pre-Payment of Iraqi Customs Duties
By John Lee. A new framework requiring importers to pay customs duties and estimated tax deposits in advance is to take effect in Iraq from 1 October 2026, according to a decision by the Council of Ministers. Under the new rules, importers will be required to deposit foreign transfer amounts for import purposes with authorised […]
Al-Fares Supplies Maysan with Water Purification Plant
By John Lee. Al-Fares General Company, a subsidiary of the Ministry of Industry and Minerals, has supplied the Maysan Water Directorate with an integrated water filtration and purification complex with a production capacity of 50 cubic metres per hour. The complex was manufactured at the company's specialist production facilities. According to the Ministry of Industry […]