By John Lee. Prime Minister Mohammed Shia Al-Sudani chaired a high-level meeting with the heads of Iraqi banks on Monday, reaffirming his government's commitment to banking reform as a pillar of broader economic revitalisation. He directed all banks to simplify procedures, embrace modern technologies, and encourage public confidence by stimulating deposits. The Prime Minister announced […]
By John Lee. UAE-based Chestertons Global has announced the opening of a new office in Baghdad, as part of its ongoing expansion across the Middle East. According to a statement from the company, Iraq's real estate sector, valued at $1.12 billion in 2024 with projected annual growth of 6%, is attracting increasing interest from investors. Government-backed infrastructure […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani chaired a meeting of Iraq's Higher Committee for Water on Monday, announcing a comprehensive set of directives aimed at addressing climate-driven water scarcity and pollution across the country. Key outcomes include prioritising strategic land reclamation projects like Amarah Irrigation and Central Tigris, shifting to closed irrigation systems, […]
By John Lee. To mark World Health Day 2025, the World Health Organization (WHO) and Iraq's Ministry of Health held a high-level event themed "Healthy Beginnings, Hopeful Futures," launching a new national strategy for the health of women, children, and adolescents. The event underscored Iraq's shift from emergency health response to building sustainable, equitable health […]
By John Lee. AFM Group, a Swiss-based company specialising in advanced airport systems, has signed two agreements with Iraq's General Company for Air Navigation Services (GCANS) for the modernisation of Baghdad International Airport (BIAP). The scope of these agreements includes: The upgrade of the airfield lighting system to energy-efficient LED technology; The replacement of existing […]
By John Lee. Iraq's Minister of Industry and Minerals, Khaled Battal Al-Najm, met with a delegation from the International Finance Corporation (IFC), a member of the World Bank Group, to discuss potential cooperation in the development of industrial cities and workforce capacity building in Iraq. The meeting included a presentation by the IFC on its […]
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. New Iraqi customs rules snarl Duhok trade route New Iraqi customs rules at Kurdistan Region's border with Turkey have disrupted the movement of goods and thrown thousands out of work in Duhok, a key […]
By Ahmed Tabaqchali for The Clingendael Institute. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Misery loves company: Iraq and Iran's electricity and gas dependencies In September 2022, the death of Mahsa Jina Amini marked a major turning point for Iran. The event sparked lengthy […]
By John Lee. Wasit Governorate held its inaugural conference on the transition to clean energy this week, led by Governor Dr. Mohammed Jameel Al-Mayahi and attended by the head of the National Renewable Energy Team, members of parliament, local officials, and international companies specialising in solar and wind energy. The event showcased investment opportunities for […]
By Michael Knights, for the Combating Terrorism Center (CTC) at West Point. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraqi Oil and the Iran Threat Network Iran-backed terrorist groups and militias are developing significant new strands of threat financing using Iraq's oil sector, […]
By John Lee. Siemens Energy and Iraq's Ministry of Electricity have signed a new Principles of Cooperation Agreement and two long-term service contracts under the supervision of Prime Minister Mohammed S. Al-Sudani. The signing ceremony, held on Thursday, was also attended by the German Ambassador to Iraq. The third phase of this strategic partnership aims […]
By John Lee. The Iraqi Oil Exploration Company has completed a seismic survey of the Naft Khana oil field in Diyala province, achieving the milestone in record time, according to the Ministry of Oil. The announcement was made during a ceremony on Thursday, which also coincided with International Workers' Day. Representing the Minister, Deputy Minister […]
