Archive | 2025

Iraq Condemns Attacks on Iranian Nuclear Facilities

By John Lee. The Iraqi government has issued a strong condemnation of recent attacks on nuclear facilities in Iran, warning that such actions threaten regional and global security. In a statement released by government spokesman Basim Alawadi on Sunday, Iraq described the military escalation as a "grave threat to peace and security in the Middle […]

WFP Iraq Country Brief, May 2025

In Numbers 11,293 People assisted USD 347,958 cash-based transfers made USD 24.7 million six months (June - November 2025) net funding requirements Operational Updates General Food Assistance WFP provided e-vouchers to over 4,940 residents (1,299 households) in the Al-Amal Rehabilitation Centre (formerly Jed'ah 1 Centre) in Ninewa Governorate. In addition, WFP provided cash assistance to […]

Nine Iraqi Top Court Members Resign

From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Nine Iraqi top court members resign Nine members of Iraq's Federal Supreme Court submitted their resignations on Thursday in protest against the court's chief justice. Click here to read the full article.

Gulf Keystone Maintains Production Guidance Amid Regional Tensions

By John Lee. Gulf Keystone Petroleum (LSE: GKP) provided an operational and corporate update ahead of its AGM on Friday, reaffirming its 2025 production and financial guidance despite regional uncertainties. CEO Jon Harris reported strong performance so far this year, with gross average production of approximately 44,900 barrels of oil per day (bopd) supported by […]

UK-Iraq Solar Energy Partnership Advances with 3,000MW Project

By John Lee. Iraq's Minister of Electricity, Ziyad Ali Fadhil, met with UK Ambassador Irfan Siddiq and a high-level delegation to discuss British companies' role in implementing solar energy projects and reaffirm Iraq's commitment to the Paris Climate Agreement. The delegation included Lara Hampshire, UK Director of Trade in Iraq, and Yasmin Khan, Director of […]

Top Universities in Iraq named

By John Lee. The QS World University Rankings has listed 10 Iraqi universities in its 2026 (sic) ranking. Highest rated was the University of Baghdad, which was ranked in the range 741-750th worldwide. Next came Al Nahrain University in Baghdad, ranked in the range 951-1000. Two Iraqi universities -- Mustansiriyah University (Baghdad) and the University of […]

IBBC Welcomes New Member

By John Lee. The Iraq Britain Business Council (IBBC) has announced that Baghdad-based conference and business consultancy provider EMAAL has joined as a member. According to a statement from the IBBC, the business is owned and run by Dr Ali Mahjob (pictured), who previously started the Iraq24 TV station, which focuses on business. EMAAL will […]

Iraq Stock Market Report

Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 19th June 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 2,179.8 -4.6% -3.1% RSISX USD Index […]

Construction starts at $300m Electrical Factory in Babil

By John Lee. Iraq's Prime Minister, Mohammed Shia Al-Sudani, officially launched the construction of the Diwan Factory Project in Babil Governorate on Wednesday. The strategic initiative by local company Etihad Group will produce electrical transformers, cables, and smart meters. The project, with a total budget of $300 million [approx. 393 billion IQD], is being built […]

New Flour Factory covers Half of Iraq's Domestic Demand

By John Lee. Prime Minister Mohammed Shia Al-Sudani has inaugurated Etihad Group's new flour mill in Al-Madhatiya [Medhatiah, Madhatiya], in Babil Governorate, which produces one million tonnes of premium-grade flour annually. The project was initiated 11 months ago when the Prime Minister laid the foundation stone. He toured the facility and praised the variety and […]

CBI holds Workshop on Money Laundering

By John Lee. The Erbil branch of the Central Bank of Iraq (CBI) held a training workshop on "National and Sectoral Risk Assessment Procedures" in collaboration with the CBI's Banking Studies Centre and the Office of the Compliance Monitor. The event brought together representatives from private banks, non-banking financial institutions, and electronic payment companies operating […]