Wood secures c.$100 million of awards to reduce gas flaring in Iraq Wood, a global leader in consulting and engineering, has been awarded a series of decarbonisation contracts with a value of c.$100m for flare gas reduction and carbon efficiency project solutions across the largest oil fields in Iraq. Wood will deliver brownfield engineering, procurement […]
By John Lee. Iraqi Prime Minister Mohammed Shia Al-Sudani met with a delegation from U.S. tech giant SpaceX (Space Exploration Technologies Corp) to discuss cooperation in Iraq's communications sector. The talks covered the services provided by the company's Starlink satellite constellation, including its global satellite-based internet coverage, and explored opportunities to facilitate its entry into […]
By John Lee. The Iraqi Council of Ministers has authorised the Chairman of the Iraqi Atomic Energy Commission to negotiate and sign a draft cooperation agreement with the Russian Federation. The agreement will focus on the peaceful use of nuclear energy, in line with Iraq's constitutional provisions. The Ministry of Foreign Affairs has been tasked […]
By John Lee. The Governor of Maysan, Mr. Habib Dhahir Al-Fartousi, laid the foundation stone on Tuesday, 27 March 2025, for a new integrated services project in Al-Waraq Village, located in the Al-Majar Al-Kabir District. The initiative is part of the governorate's broader strategy to improve infrastructure and expand essential services in rural areas. The […]
By John Lee. Zain Omantel International (ZOI) has announced a partnership with Iraq's Horizon Scope Telecom and the Iraqi Telecommunications and Information Company (ITPC), a government-owned company under the Iraqi Ministry of Telecommunications. This partnership enables ZOI to create a digital telecommunications corridor stretching from the Middle East to Europe through Iraq, offering alternative terrestrial […]
From the Iraq Britain Business Council (IBBC): IBBC calls for sponsors for Zara Murad as she works to become the first ever Iraqi equestrian Olympic rider Zara Murad is a trailblazing equestrian with a historic mission: to become the first-ever equestrian rider representing Iraq at the Los Angeles Olympics 2028. As the first international dressage […]
By John Lee. In a meeting held on Tuesday, Iraq's Minister of Finance, Taif Sami Mohammed, welcomed a delegation from the World Bank's Environment Section, led by Regional Director Ms. Maskeren Bahraini, to discuss closer collaboration on financial reform and sustainable environmental development. The talks covered key World Bank projects focused on environmental protection and […]
By John Lee. The US State Department has reiterated its support for energy agreements between American companies and the Kurdistan Regional Government (KRG), following reports that Iraq's federal Ministry of Oil has filed lawsuits against two such deals. During a press briefing on May 27th, spokesperson Tammy Bruce stated that the United States supports economic […]
By John Lee. A report by the Future Iraq Institute for Economic Studies and Consultations reportedly highlights significant fluctuations in the exchange rate of the Iraqi Dinar (IQD) against the US Dollar on the parallel market over the past two decades, driven by a mix of seasonal, political, and macroeconomic factors. Key factors cited in […]
By Sinan Mahmoud for The National. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraqi Oil Ministry files lawsuit against Kurdish region over unilaterally signed energy deals The semi-autonomous region has signed multibillion-dollar agreements with US companies HKN Energy and WesternZagros to develop […]
By John Lee. The Directorate General of Industrial Development, part of Iraq's Ministry of Industry and Minerals, issued 165 preliminary licences for new industrial projects across various sectors during April 2025. Director General Dr. Eng. Ali Ibrahim Janan stated that the approvals cover food, chemical, metal, construction, textile, and engineering industries. Baghdad led with 26 […]
By John Lee. The Director-General of the Food and Agriculture Organization of the United Nations (FAO), Mr. QU Dongyu, has launched a $39-million project titled "Strengthening Climate Resilience of Vulnerable Agricultural Livelihoods in Southern Iraq" (SRVALI), in partnership with key Iraqi ministries. The launch took place in Baghdad during the 5th Baghdad International Water Conference. […]
