By John Lee. A Chinese cargo vessel has docked at Umm Qasr North Port on the first direct sailing from China via the Strait of Hormuz since the resumption of maritime navigation through the strait. According to the Ministry of Transport, the MV KSL Xinyang arrived on Monday carrying a mixed cargo of oil sector […]
By John Lee. The Mishraq Sulphur State Company, a subsidiary of Iraq's Ministry of Industry and Minerals, has signed a partnership agreement with a private Iraqi company to develop an integrated industrial project for refined sulphur production at the Al-Lazzaka 2 field [Al-Lazakah, Allizaqa] field [in Nineveh Governorate], with an initial production capacity of one […]
By John Lee. Iraq's Ministry of Finance has held talks with the European Bank for Reconstruction and Development (EBRD) on financial and technical cooperation and support for development priorities in Iraq. Finance Minister Falah Sari received EBRD Iraq Country Head Katarina Bjorlin Hansen on Sunday to discuss the outlook for collaboration. The minister said the […]
By John Lee. Tom Barrack, the United States Ambassador to Türkiye, has been appointed Special Presidential Envoy to both Syria and Iraq, while retaining his ambassadorial post in Ankara. The appointment was announced on Truth Social by President Donald Trump, who said Barrack would operate with the full backing of the US Department of State […]
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq imports $3B in plastic annually as ban, tax plan moves forward The Iraqi Ministry of Environment said late Friday that Iraq imports about $3 billion worth of plastic products annually and remains behind […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Anger and Opportunity in Karbala as Foreign Workers Slip into Labor Market Renowned for its annual pilgrimages, and home to the resting sites of several Shiite religious figures, Karbala has long been a […]
By John Lee. A new agricultural facility in Dohuk is enabling refugee, displaced and host community farmers in Iraq's Kurdistan Region to sell directly to formal retailers for the first time, with early results showing produce selling out within 24 hours and farmers earning up to 48% more per kilogram than through traditional wholesale channels. […]
From Arabian Gulf Business Insight (AGBI). Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Two months left for Iraq and Turkey to reach pipeline deal Iraq is suffering a steep drop in its oil exports due to the near-closure of the Strait of […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Talk of new ministry emerges as Iraq grapples with PMU reform Shortly after winning a contentious confidence vote in parliament on May 14, Iraqi Prime Minister Ali Al-Zaidi told lawmakers that his government […]
By John Lee. According to the National Investment Commission (NIC), a new financial and economic city is planned for land adjacent to Baghdad International Airport, with all infrastructure costs to be met by private investors rather than the state. The NIC confirmed that the land in question is state-owned, with ownership legally divided between the […]
By John Lee. Iraq's Federal Commission of Integrity has disrupted an attempt to fraudulently obtain nearly IQD 1.5 trillion (USD 1.1 billion) from two state-owned banks in Baghdad. A field team from the commission's Baghdad Investigations Directorate, working in coordination with judicial authorities, apprehended three suspects at the headquarters of Rafidain Bank. The suspects were […]
By John Lee. Shiite cleric Moqtada al-Sadr announced on Wednesday the complete separation of his Saraya al-Salam [Peace Brigades] militia from his National Shiite Movement and its full integration into Iraq's state armed forces, saying the move was motivated by "public interest" and the need to avoid dangers facing the country. Prime Minister Ali al-Zaidi […]
