By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Turkey Ends ITPA- Submission to Blackmail or Preservation of Iraqi Sovereign Rights and National Interests The Turkish government officially ended, on 21 July 2025, the Iraqi Turkish Oil Pipeline Agreement-ITOPA, effective on […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani has inaugurated five major food industry projects worth $2 billion [IQD 2.6 trillion] in Karbala, operated by Etihad Food Industries. The initiatives focus on meat production, dairy, and fish farming. Al-Sudani praised Etihad as a key private sector partner supporting local market needs and highlighted the importance […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani has launched construction of the South Karbala Water Project, with a capacity of 16,000 cubic metres per hour, during a visit to Karbala Governorate. The 702.5-billion-Iraqi-dinar [$539 million] project, located near Karbala International Airport, will feature a main treatment plant, eight pumping stations, an intermediate station near […]
By John Lee. Italian kitchen company Cesar has opened a new showroom in Baghdad. The new facility is run by Hamandi Interiors, founded in 1987 by Ali Hamandi, and now managed by his sons, Hussein and Ahmed. (Source: Cesar)
By John Lee. The Iraqi Ministry of Planning held a workshop on August 7, 2025, to review and discuss the final draft of the National Policy for the Development of Micro, Small, and Medium Enterprises (MSMEs). This policy is set to be adopted as a key national document supporting this vital sector, with ongoing technical […]
By John Lee. The Kurdistan Regional Government (KRG) has announced a series of measures under its Ninth Cabinet to strengthen food security and agricultural resilience. Infrastructure Three modern grain silos completed Additional grain storage facilities under construction Total wheat storage capacity (when operational): 200,000 tonnes Public Investment in Agriculture Increase in budget allocation: from 1.8% […]
By John Lee. The Iraqi Ministry of Planning held a joint meeting with representatives from the Ministry of Foreign Affairs and the United Nations team in Iraq to finalise the draft cooperation framework for sustainable development covering 2025 to 2029. Dr. Saher Abdul-Kadhim, Director General of the International Cooperation Department, said the meeting continued prior […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani has launched the first phase of the Imam Hussein Roundabout project in Karbala, aimed at reducing traffic congestion in the city. The 9.2-km project, costing over 400 billion Iraqi dinars [$307 million], is one of three planned ring roads in the governorate's master plan, with a combined […]
By John Lee. The United Nations Development Programme (UNDP) in Iraq has published its Annual Report for 2024. Click here to download the full report (88 pages). To browse our comprehensive library of reports on Iraq, click here. (Source: UN)
By John Lee. The Office of the United States Trade Representative (USTR) has reported that U.S. goods and services trade with Iraq totalled an estimated $12.0 billion [IQD 15.7 trillion] in 2024, down 8.1 percent ($1.0 billion) [IQD 1.3 trillion] from 2023. Total U.S.-Iraq Trade (2024) Goods and services trade: $12.0 billion Change from 2023: […]
By John Lee. Iraq's state-owned Oil Exploration Company and Al-Qarnain Petroleum, a subsidiary of China's ZhenHua Oil, have signed a contract for a two-dimensional seismic survey of the Al-Qarnain (Al-Quraynan) exploration block. Minister of Oil, Hayan Abdul Ghani, described the block as a promising oil and gas prospect on Iraq's border with Saudi Arabia. According […]
By John Lee. Dana Gas has announced its financial results for the half-year ended 30th June 2025, which included the following: Net Profit: AED 270 million ($73 million) in H1 2025, a 1% increase over H1 2024. Revenue: AED 627 million ($171 million) in H1 2025, down from AED 696 million ($190 million) in H1 […]
