Archive | 2025

Will China help Iraq revive Nuclear Aspirations?

From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Will China help Iraq revive nuclear aspirations? Amid rising regional tensions over the nuclear program of neighbouring Iran, the head of Iraq's Atomic Energy Commission (IAEC) has announced a highly symbolic and strategic […]

EU allocates EUR 1.1m for Urgent Water Crisis in Basra

The European Union allocates EUR 1.1 million to address urgent water crisis in Basra, Iraq In response to the escalating water crisis in Basra, southern Iraq, the European Union is allocating EUR 1.1 million in humanitarian funding. The emergency support will address urgent water, sanitation, and hygiene (WASH) needs over the next six months, targeting […]

Iraq: Photography Award 2025

By John Lee. The International Committee of the Red Cross (ICRC) and Iraqi Red Crescent Society (IRCS) have announced that applications are now open for their Photography Award. The annual contest, launched in 2021, aims to encourage Iraqi photographers to highlight humanitarian issues affecting local communities. This year, contestants are invited to explore the theme […]

Govt Denies Destruction of 62 Trillion Iraqi Dinar

By John Lee. The Financial Adviser to the Iraqi Prime Minister, Dr. Mudhhir Mohammed Saleh, has firmly denied social media rumours claiming the destruction of half of Iraq's currency supply - approximately 62 trillion dinars [$47 billion] - as "economically absurd and completely unfounded". In remarks to the state-run Iraqi News Agency (INA), Saleh clarified […]

Chinese Cranes Modernise Iraq's Ports

By John Lee. The General Company for Ports of Iraq (GCPI) has launched a significant digital transformation by integrating what it describes as "advanced fifth-generation (5G) smart equipment" into its operational infrastructure, marking a major step toward full automation in Iraq's maritime sector. According to Director General Dr. Eng. Farhan Al-Fartousi, the company received a […]

Integrity Commission Dismantles Corruption Network in Nasiriyah

By John Lee. Iraq's Federal Integrity Commission has dismantled a network of 16 employees from the Nasiriyah Municipality Directorate involved in bribery, forgery, and embezzlement. In a statement issued on 30th July 2025, the Commission revealed that its Dhi Qar Investigation Office formed a special task force after receiving reports of suspected corruption. The team […]

Report: Intersecting Drivers of Iraqi Emigration

By John Lee. The International Organization for Migration (IOM) has published a study that aims to identify the main drivers of outmigration from Iraq, explore the relationships between different drivers and highlight the specific impacts of climate change and environmental degradation within these broader mobility patterns. The main drivers of migration for emigrants and potential emigrants […]

Iraq Stock Market Report

Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 31st July 2025. Please click here to view a table of listed companies and their associated ticker codes. RSISX Index Change       RSISX Index Closings Change (w/w) (%) Change (YTD) (%) RSISX IQD Index 2,255.1 -4.3% 0.2% RSISX USD Index […]

Iraq Reduces Foreign Debt Liabilities

By John Lee. Iraq's state-owned Rafidain Bank has announced that it has "completed" 87 percent of its foreign debt obligations through high-level legal and financial negotiations, significantly reducing the country's external liabilities. As part of Iraq's adherence to the Paris Club Agreement and with direct Cabinet approval, the bank concluded major settlements with Dutch and […]

Saudi Company discusses Petrochemical Partnership in Basra

By John Lee. Iraq's Minister of Industry and Minerals, Khaled Battal Al-Najm, chaired a meeting at the Ministry's headquarters to explore a potential partnership agreement with Saudi company Ajyal for the establishment of a petrochemical complex in Basra. The proposed complex would be built on the site of the State Company for Petrochemical Industries in […]

Turkish and Lebanese Companies to build new Tigris Bridge

By John Lee. Prime Minister Mohammed Shia Al-Sudani on Wednesday launched the construction of Al-Kriat [Al-Kari'a] Bridge over the Tigris River as part of the Baghdad reconstruction campaign, specifically targeting the revitalisation of the holy city of Kadhimiya. The work will be carried out by Turkish company HSY Yapi Insaat and Lebanon's Khatib & Alami. […]