By John Lee. Prime Minister Mohammed S. Al-Sudani oversaw the signing of three significant Memorandums of Understanding (MoUs) on Wednesday, two in the electricity sector and one to enhance commercial cooperation with the United States. The first MoU, signed with GE Vernova, outlines a strategic cooperation framework to develop combined-cycle gas power plants in Iraq, […]
By John Lee. A Memorandum of Understanding (MoU) has been signed between the Turkiye Wealth Fund and the Iraq Development Fund, marking what TWI describes as a significant step toward deepening economic cooperation between the two countries at the sovereign wealth fund level. The agreement aims to foster innovation-driven investments across priority sectors including energy, […]
By John Lee. The Council of Ministers has approved an accelerated plan to develop the Akkas gas field in Anbar as part of the government's strategy to advance the oil and gas sector. The project will be led by the state-owned Midland Oil Company (MdOC), with Schlumberger (SLB) implementing the first phase. The field is […]
By John Lee. Deputy Prime Minister and Foreign Minister Mr. Fuad Hussein chaired the eleventh meeting of the Ministerial Council for Economy on 27 April 2025. The session was attended by senior officials including the Deputy Prime Minister and Minister of Planning, the Ministers of Finance, Agriculture, and Labour and Social Affairs, as well as […]
By John Lee. Iraq's Council of Ministers has approved converting the contract model for the Kirkuk Refinery's Hydrogenation and Gasoline Improvement Unit (12,000 barrels per day) from a Build-Own-Operate (BOO) to a Build-Own-Operate-Transfer (BOOT) model. The processing fee for the project has been set at $23 per barrel. (Source: PMO)
By John Lee. According to Amnesty International, Iraq witnessed a significant increase in executions in 2024, with at least 63 known executions, up from 16 in 2023 -- the highest number recorded since 2019. All executions involved individuals convicted of terrorism-related offences, amid ongoing concerns about violations of fair trial rights and reports of torture […]
By John Lee. Prime Minister Mohammed S. Al-Sudani received a delegation from the U.S. Chamber of Commerce on Wednesday, including American investors and corporate executives, accompanied by the U.S. Chargé d'Affaires in Iraq. The meeting focused on strengthening economic ties and promoting Iraq as an attractive destination for foreign investment. The Prime Minister outlined steps […]
By John Lee. Based on a letter from the Independent High Electoral Commission (IHEC), and following its technical and legal assessment, the Council of Ministers has voted to hold Iraq's parliamentary elections on 11th November 2025. Prime Minister Mohammed S. Al-Sudani emphasised the government's commitment to supporting the electoral process by ensuring all necessary preparations […]
From the Iraq Britain Business Council (IBBC): How Iraq is Modernising and Diversifying its Growing Economy For the last three years Iraq has enjoyed relative stability, good oil prices and a growing economy. For those who invested in the Iraqi stock market, returns of over 100% are common and GDP in 2025 is estimated to […]
By John Lee. Iraq's Oil Products Distribution Company has launched a new mobile application called "Qanini" to simplify and accelerate access to liquefied petroleum gas (LPG) cylinders at the official price of IQD 6,000. The company's Director General, Hussein Talib, stated that the app represents a digital transformation aligned with the government programme and the […]
By John Lee. The first phase of the restoration of Charsteen Cave, a major archaeological and touristic site in the Kurdistan Region, has been completed. The work, costing approximately $1 million, was funded jointly by the European Union, UNESCO, the International Labour Organization (ILO), and the Kurdistan Regional Government. Located in Gali Duhok, south of […]
By John Lee. Prime Minister Mohammed S. Al-Sudani has launched the operations of the Permanent Council for the Development of the Private Sector in Iraq. The initiative aims to strengthen the role of the private sector in the national economy and address key legislative and institutional barriers. Prime Minister Al-Sudani highlighted the Council's responsibility to […]
