By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani met with Azerbaijan's Foreign Minister, Mr. Jeyhun Bayramov, and the Vice President of SOCAR to discuss enhancing cooperation between Iraq and Azerbaijan, particularly in the energy sector. The Prime Minister highlighted investment opportunities in oil and gas and invited SOCAR to participate in projects. (Source: PMO)
By Ahmed Tabaqchali, Chief Strategist of AFC Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Market at an All-time High, Oil Prices Crashing, What Gives? The market, as measured by the Rabee Securities U. S. Dollar Equity Index (RSISX USD Index), closed […]
By John Lee. Iraq's Council of Ministers has approved the formation of a new private limited company focused on energy sector investments, with an initial capital of 250 billion Iraqi dinars (approximately $190 million), subject to increase. The founding stakeholders include the State Employee Pension Fund and the Trade Bank of Iraq (TBI), while the […]
By John Lee. Iraq's Ministry of Finance signed two new credit agreements on Tuesday with the French development agency, Agence Française de Développement (AFD), to finance critical infrastructure projects in the sanitation sector. The first agreement includes a €30-million supplementary loan for the sewage project in Khalidiya district, Anbar, raising total funding for the project to […]
By John Lee. Iraq's Council of Ministers has approved the signing of a contract addendum between the Independent High Electoral Commission (IHEC) and South Korean firm Miro to supply biometric cameras for voter verification devices. The cameras will serve as developmental components aimed at resolving cases where voters' fingerprints cannot be recognised on election day, […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani chaired a high-level meeting with the heads of Iraqi banks on Monday, reaffirming his government's commitment to banking reform as a pillar of broader economic revitalisation. He directed all banks to simplify procedures, embrace modern technologies, and encourage public confidence by stimulating deposits. The Prime Minister announced […]
By John Lee. UAE-based Chestertons Global has announced the opening of a new office in Baghdad, as part of its ongoing expansion across the Middle East. According to a statement from the company, Iraq's real estate sector, valued at $1.12 billion in 2024 with projected annual growth of 6%, is attracting increasing interest from investors. Government-backed infrastructure […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani chaired a meeting of Iraq's Higher Committee for Water on Monday, announcing a comprehensive set of directives aimed at addressing climate-driven water scarcity and pollution across the country. Key outcomes include prioritising strategic land reclamation projects like Amarah Irrigation and Central Tigris, shifting to closed irrigation systems, […]
By John Lee. To mark World Health Day 2025, the World Health Organization (WHO) and Iraq's Ministry of Health held a high-level event themed "Healthy Beginnings, Hopeful Futures," launching a new national strategy for the health of women, children, and adolescents. The event underscored Iraq's shift from emergency health response to building sustainable, equitable health […]
By John Lee. AFM Group, a Swiss-based company specialising in advanced airport systems, has signed two agreements with Iraq's General Company for Air Navigation Services (GCANS) for the modernisation of Baghdad International Airport (BIAP). The scope of these agreements includes: The upgrade of the airfield lighting system to energy-efficient LED technology; The replacement of existing […]
By John Lee. Iraq's Minister of Industry and Minerals, Khaled Battal Al-Najm, met with a delegation from the International Finance Corporation (IFC), a member of the World Bank Group, to discuss potential cooperation in the development of industrial cities and workforce capacity building in Iraq. The meeting included a presentation by the IFC on its […]
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. New Iraqi customs rules snarl Duhok trade route New Iraqi customs rules at Kurdistan Region's border with Turkey have disrupted the movement of goods and thrown thousands out of work in Duhok, a key […]
