By John Lee. US-based Amentum Services has been awarded a $11,519,840 contract for "T-6 sustainment and contractor logistics support." According to a statement from the US Department of War "This contract provides for 15 T-6A aircraft sustainment contract, including Supply Support, Field Service Representative, Labor and Engineering Task Assignments for a 90-day transition period and […]
By John Lee. Iraq's new Prime Minister, Ali Faleh al-Zaidi, chaired the first regular session of the Council of Ministers on Saturday, issuing a series of directives to ministers that outline the government's policy priorities. According to the Prime Minister's media office, the session included ministerial briefings on the current state of their respective ministries […]
From the United Nations Development Programme (UNDP). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. New UNDP Iraq Development Fund Partnership Advances Strategic Investment, Infrastructure, and Inclusive Growth in Iraq The Iraq Development Fund and the United Nations Development Programme (UNDP) in Iraq signed […]
By John Lee. The Central Bank of Iraq (CBI) has held an expanded meeting in Baghdad with the managing directors of licensed electronic payment service providers operating in Iraq. The meeting was chaired by CBI Governor Ali Mohsen Al-Alaq. According to the Central Bank of Iraq, discussions covered: Technical, administrative, and regulatory challenges facing electronic […]
By John Lee. Iraq's Financial Stability Council has held its inaugural meeting, chaired by Prime Minister Ali Faleh al-Zaidi, with the Finance Minister and the Governor of the Central Bank of Iraq (CBI) in attendance. Al-Zaidi stressed the importance of achieving financial stability for its developmental and economic benefits, and called for close coordination between […]
By John Lee. Dana Gas has reported a net profit of AED 270 million ($74 million) for Q1 2026, a 72% year-on-year increase. Regarding operation in the Kurdistan Region of Iraq (KRI), the company said: "Following the completion of the KM250 expansion, the Company successfully demonstrated enhanced system capacity, with gas production exceeding 700 MMscf/d […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Most of Iraq's New Cabinet Approved in Stormy Parliamentary Session Most of Iraqi Prime Minister Ali Al-Zaidi's cabinet picks have passed a contentious vote of confidence after a stormy parliamentary session. However, several […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Amid war over its skies, Baghdad plays the field for new fighter jets Iraq has in recent years found itself in the middle of several bouts of Israeli-US wars with Iran, with its […]
By John Lee. Iraq's State Oil Marketing Organization (SOMO) reports that it has successfully marketed and exported sulphur to global markets, with the current average price reaching around $755 per tonne. The company says the achievement reflects flexible marketing policies based on close analysis of global market conditions and sulphur demand. All available quantities from […]
From Kurdistan24. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Kurdistan Region Mandates International ACI Standards For Investment Projects The KRG has issued a new directive requiring all investment and construction projects to comply with American Concrete Institute (ACI) standards Click here to read […]
By John Lee. Iraq's parliament on Thursday approved the government programme of Prime Minister-designate Ali al-Zaidi and confirmed 14 of his ministerial nominees, ending months of political deadlock following the November general election. Parliament Speaker Haibet al-Halbousi opened the session with 270 of 329 lawmakers present. The 14 ministers approved were: Foreign Affairs: Fuad Hussein […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Competing Interests Threaten to Undermine Iraq's Resource Diversification Iraq's significant mineral riches remain woefully untapped, with hydrocarbons continuing to dominate Iraq's export-driven economy. As it stands, oil accounts for over 99% of the […]
