By John Lee. According to the National Investment Commission (NIC), a new financial and economic city is planned for land adjacent to Baghdad International Airport, with all infrastructure costs to be met by private investors rather than the state. The NIC confirmed that the land in question is state-owned, with ownership legally divided between the […]
By John Lee. Iraq's Federal Commission of Integrity has disrupted an attempt to fraudulently obtain nearly IQD 1.5 trillion (USD 1.1 billion) from two state-owned banks in Baghdad. A field team from the commission's Baghdad Investigations Directorate, working in coordination with judicial authorities, apprehended three suspects at the headquarters of Rafidain Bank. The suspects were […]
By John Lee. Shiite cleric Moqtada al-Sadr announced on Wednesday the complete separation of his Saraya al-Salam [Peace Brigades] militia from his National Shiite Movement and its full integration into Iraq's state armed forces, saying the move was motivated by "public interest" and the need to avoid dangers facing the country. Prime Minister Ali al-Zaidi […]
By John Lee. Iraq's Ministry of Oil has been authorised to negotiate a long-term agreement with Turkey governing the Iraq-Turkey pipeline (ITP), according to a cabinet decision. The Council of Ministers approved an amendment to Resolution 254 of 2026, extending the pipeline contract for four months. Under the amended resolution, the Ministry of Oil is […]
By John Lee. Construction has begun on the Fifth Kufa Bridge in Najaf province, according to the Ministry of Construction, Housing and Public Municipalities. The project is intended to ease traffic congestion in the province. The Roads and Bridges Directorate is overseeing works, which include: A main bridge spanning the Euphrates river, 337 metres long […]
By John Lee. The General Company for Iraqi Cement, a subsidiary of the Ministry of Industry and Minerals, has reported a significant increase in the production of oil-well cement grades B and G at its Babylon [Babil] plant in February. According to the company, the plant produced 3,240 tonnes during February, a substantial rise compared […]
By Simon Watkins for OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq's Oil Collapse Sparks Race for New Export Routes April was indeed the cruellest month for decades for Iraq's crude oil production, with an average of 1.389 million barrels per day […]
From Shafaq. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq's "Swiss dinar" still lives in Kurdistan livestock markets More than 35 years after Iraq's old "Swiss dinar" disappeared from circulation, livestock traders across the Kurdistan Region still use the former currency as the […]
By John Lee. Iraq's General Directorate of Industrial Development, a division of the Ministry of Industry and Minerals, issued 124 preliminary licences for new industrial projects in March. The licences covered multiple industrial sectors and were distributed across several governorates. Baghdad led with 30 licences, followed by Basra and Nineveh with 18 each, and Anbar […]
By John Lee. The Iraq Securities Commission (ISC) has issued a circular to all brokerage companies requiring the adoption of a new risk-based supervisory guide covering the institutional framework and core elements of risk-based oversight and supervision. It says the measure is in line with recommendations from the Financial Action Task Force (FATF) and forms […]
By John Lee. Iraq's Council of Ministers has approved a scheme to supply private generator owners with gas oil at a subsidised price of IQD 200 per litre (approximately $0.15), down from IQD 400 per litre ($0.31), for the next three months. Under the scheme, operators will receive 40 litres per month for each KVA […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 25th May 2026. Please click here to view a table of listed companies and their associated ticker codes. Note: ISX will be closed starting from May 26, 2026 (Tuesday) to May 28, 2026 (Thursday) due to the religious holiday of Eid Al-Adha. […]
