By John Lee. Gulf Keystone Petroleum (GKP) has said that production operations have recently restarted at the Shaikan Field in Iraqi Kurdistan, following a security assessment and consultation with the Kurdistan Regional Government (KRG). It said a further update on production and sales will be provided as part of the 2025 Half Year Results, which […]
By John Lee. Egypt's Edita Food Industries has established of a UAE-based holding company, Edita Investments Holding LTD, which has invested IQD 960.7 million [USD 730,000] in Ahramat Al-Nile for General Trading and Food Industries Limited -- formerly Tuma Jebur Abbas (TJA) -- in Iraq, via a capital increase. Operations in Iraq are expected to begin […]
By John Lee. Jameel Motors has signed an agreement with China's Chery Group to distribute the OMODA & JAECOO vehicle brand in Iraq, marking a first market entry for both companies. According to a press release, the distribution rights were secured through a competitive process involving local and international firms. It adds that Iraq's automotive […]
In Numbers 9,447 people assisted USD 276,384 cash-based transfers made USD 11.7 million six months (August 2025 - January 2026) net funding requirements Operational Updates General Food Assistance WFP provided e-vouchers to over 6,000 resident beneficiaries (1,644 households) in the Al-Amal Rehabilitation Centre (formerly Jed'ah 1 Centre) in Ninewa Governorate. Moreover, WFP provided cash assistance […]
By John Lee. As part of its measures to address water scarcity, the Iraqi government has approved the award of the Common Seawater Supply Project (CSSP-ITT-05) tender for the Artawi [Ratawi] oil field to Hyundai Engineering & Construction of South Korea. The contract covers engineering, procurement, supply, construction, commissioning, and operation (EPSCC) of the seawater […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani has inaugurated gas turbine unit No. 13 at the Bismayah Gas Power Plant, adding 300 MW to the facility's output. He also opened refurbished units that restored around 210 MW, bringing the plant's total generation capacity to 5,000 MW. Al-Sudani praised the efforts of the private sector, […]
By John Lee. Karmal Brokerage has secured approval from the Iraq Stock Exchange (ISX) to launch a comprehensive digital transformation project in preparation for operations on the "Tabadul" electronic trading platform. According to a press release, the initiative, the first of its kind in Iraq's financial market, supports the government's vision to enhance transparency and […]
By John Lee. The Central Bank of Iraq (CBI) has launched the second edition of its Security Permits Platform, aimed at enhancing the management and organisation of security clearances for authorised bank personnel and their vehicles during cash withdrawal and deposit operations. The CBI's Security Permits Office held an interactive workshop outlining the platform's features, account […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Turkey Ends ITPA- Submission to Blackmail or Preservation of Iraqi Sovereign Rights and National Interests The Turkish government officially ended, on 21 July 2025, the Iraqi Turkish Oil Pipeline Agreement-ITOPA, effective on […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani has inaugurated five major food industry projects worth $2 billion [IQD 2.6 trillion] in Karbala, operated by Etihad Food Industries. The initiatives focus on meat production, dairy, and fish farming. Al-Sudani praised Etihad as a key private sector partner supporting local market needs and highlighted the importance […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani has launched construction of the South Karbala Water Project, with a capacity of 16,000 cubic metres per hour, during a visit to Karbala Governorate. The 702.5-billion-Iraqi-dinar [$539 million] project, located near Karbala International Airport, will feature a main treatment plant, eight pumping stations, an intermediate station near […]
By John Lee. Italian kitchen company Cesar has opened a new showroom in Baghdad. The new facility is run by Hamandi Interiors, founded in 1987 by Ali Hamandi, and now managed by his sons, Hussein and Ahmed. (Source: Cesar)
