By John Lee. The Iraqi Ministry of Planning held a workshop on August 7, 2025, to review and discuss the final draft of the National Policy for the Development of Micro, Small, and Medium Enterprises (MSMEs). This policy is set to be adopted as a key national document supporting this vital sector, with ongoing technical […]
By John Lee. The Kurdistan Regional Government (KRG) has announced a series of measures under its Ninth Cabinet to strengthen food security and agricultural resilience. Infrastructure Three modern grain silos completed Additional grain storage facilities under construction Total wheat storage capacity (when operational): 200,000 tonnes Public Investment in Agriculture Increase in budget allocation: from 1.8% […]
By John Lee. The Iraqi Ministry of Planning held a joint meeting with representatives from the Ministry of Foreign Affairs and the United Nations team in Iraq to finalise the draft cooperation framework for sustainable development covering 2025 to 2029. Dr. Saher Abdul-Kadhim, Director General of the International Cooperation Department, said the meeting continued prior […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani has launched the first phase of the Imam Hussein Roundabout project in Karbala, aimed at reducing traffic congestion in the city. The 9.2-km project, costing over 400 billion Iraqi dinars [$307 million], is one of three planned ring roads in the governorate's master plan, with a combined […]
By John Lee. The United Nations Development Programme (UNDP) in Iraq has published its Annual Report for 2024. Click here to download the full report (88 pages). To browse our comprehensive library of reports on Iraq, click here. (Source: UN)
By John Lee. The Office of the United States Trade Representative (USTR) has reported that U.S. goods and services trade with Iraq totalled an estimated $12.0 billion [IQD 15.7 trillion] in 2024, down 8.1 percent ($1.0 billion) [IQD 1.3 trillion] from 2023. Total U.S.-Iraq Trade (2024) Goods and services trade: $12.0 billion Change from 2023: […]
By John Lee. Iraq's state-owned Oil Exploration Company and Al-Qarnain Petroleum, a subsidiary of China's ZhenHua Oil, have signed a contract for a two-dimensional seismic survey of the Al-Qarnain (Al-Quraynan) exploration block. Minister of Oil, Hayan Abdul Ghani, described the block as a promising oil and gas prospect on Iraq's border with Saudi Arabia. According […]
By John Lee. Dana Gas has announced its financial results for the half-year ended 30th June 2025, which included the following: Net Profit: AED 270 million ($73 million) in H1 2025, a 1% increase over H1 2024. Revenue: AED 627 million ($171 million) in H1 2025, down from AED 696 million ($190 million) in H1 […]
By John Lee. Central Bank of Iraq (CBI) Governor, Ali Mohsen Al-Alaq, has outlined the Bank's progress in developing a secure and integrated electronic payment system, in line with international standards and best practices. Speaking at the Comprehensive Transformation to Electronic Payment Conference in Baghdad, he said the systems have improved the efficiency and reliability […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. How internal inertia, regional volatility test Iraq's finances While the June 24 ceasefire between Tehran and Tel Aviv has eased immediate concerns, their confrontation laid bare structural flaws in Iraq's budgetary system and […]
By John Lee. Iraq's Ministry of Trade has held discussions with a delegation from the United Nations Economic and Social Commission for Western Asia (ESCWA) Technology Centre for Entrepreneurship to explore joint mechanisms for empowering small and medium-sized enterprises (SMEs) in Iraq. According to the Ministry's media office, Director General of the Private Sector Development […]
By John Lee. Iraq's Deputy Prime Minister for Energy Affairs and Minister of Oil, Eng. Hayan Abdul Ghani, has visited the Hydrogenation and Gasoline Improvement Project in Kirkuk, currently being implemented by Al-Barham Company for Refining and Distribution of Petroleum Products for the North Refineries Company (NRC). The Minister reaffirmed the government's commitment to upgrading […]
