From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq reveals plan to increase oil production to 5.5 million Iraq aims to increase its daily oil production from 4.4 million barrels to 5.5 million barrels by the end of this year, Oil Minister […]
By John Lee. The Government of Iraq has issued an Award Letter to Texas-based Excelerate Energy to develop an integrated floating liquefied natural gas (LNG) import terminal. The project is intended to strengthen Iraq's energy security, support domestic power generation, and diversify supply away from unreliable sources. The company said the decision followed approval from […]
The following were the ten most read dinar-related articles on Iraq Business News for the month of September: The Iraqi Dinar Revaluation Deception: 10 Persistent False Claims Exposed What the Future Holds for Dinar Investors Iraqi Dinar Prospects: Reality Check After Six Months of Trump Donald Trump and the "Great Iraqi Dinar Revaluation" Iraq "Capable […]
By John Lee. The industry group representing international oil companies (IOCs) in Iraqi Kurdistan has clarified the payment mechanism for oil exported through the Iraq-Turkiye pipeline (ITP). In a statement on X on Wednesday evening, the Association of the Petroleum Industry of Kurdistan (APIKUR) said: "Info: The payment mechanism for oil exported through the Iraq-Türkiye […]
By John Lee. OPEC has said it has received updated compensation plans from several countries, including Iraq, to compensate for excess oil production. Full statement from OPEC: OPEC Secretariat receives updated compensation plans from Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, and Oman As agreed during the virtual meeting held by the eight countries […]
By John Lee. The Iraqi Ministry of Industry and Minerals, chaired by Minister Prof. Eng. Khaled Battal Al-Najm, has approved the awarding of key industrial city projects during the second session of the Industrial Cities Authority's Board of Directors. Among the approved projects are: The establishment of Iraq's first pharmaceutical industrial city in Babylon, covering […]
By John Lee. Central Bank of Iraq (CBI) Governor Ali Mohsen Al-Allaq has underlined the pivotal role of the banking sector in supporting investment in Iraq. Speaking at a panel session during the Iraq Investment Forum, he said the CBI has achieved its objectives on banking reform and has begun implementing them according to set […]
By John Lee. Iraq's Ministry of Electricity has reportedly purchased ten telescopic truck-mounted lifts made by Italian firm CTE. The equipment was supplied by Precision Machinery, CTE's distributor in the UAE. More here. (Sources: Precision Machinery, Vertikal)
By John Lee. The American University of Iraq - Baghdad (AUIB) has signed a Memorandum of Cooperation (MoC) with the English International School - Baghdad (EISB), establishing a framework for collaboration in education and training. The agreement includes structured internship opportunities at EISB for AUIB students pursuing teaching and education-related degrees, as well as pathways […]
By John Lee. The American University of Iraq - Baghdad (AUIB), in partnership with Raban Al-Safina Group, has announced the launch of Iraq's first fully integrated teaching hospital in five decades. The $250-million investment agreement is supported by the International Finance Corporation (IFC). The 200-bed facility will be built to international standards, featuring emergency and […]
By John Lee. On World Tourism Day, the Kurdistan Regional Government (KRG) highlighted the sector's strong expansion under its Ninth Cabinet, supported by major infrastructure investments. Over the period, 80 new tourism projects have been completed with a total value of $7.56 billion [IQD 9.87 trillion]. The Kurdistan Region now offers more than 3,000 tourist […]
By John Lee. The Governor of the Central Bank of Iraq (CBI), Ali Mohsen Al-Alaq, announced on Sunday that Iraq is currently witnessing the lowest inflation levels in its modern history. Speaking at the Iraq Investment Forum, he said that the country enjoys "comfortable" foreign currency reserves capable of defending the exchange rate, while monetary […]
