By John Lee. According to Iran's Tasnim news agency, an oil tanker named Agios Fanourios I crossed the Strait of Hormuz on Sunday, following a route designated by Iranian authorities and after coordinating with Tehran. The Malta-flagged vessel, which is carrying Iraqi crude oil, is now in the Gulf of Oman and heading for the […]
By John Lee. The Iraq Securities Commission (ISC) has approved Baghdad-based Al-Arqam Brokerage to operate in foreign securities and commodities markets, making it the first Iraqi company to receive such a licence under Regulatory Directive No. 35 of 2025. The ISC said the licence was issued after Al-Arqam completed all legal, technical, and regulatory requirements, […]
By John Lee. Asiacell has announced a strategic collaboration with 1001, Iraq's leading legal over-the-top (OTT) streaming platform, to provide Asiacell customers with complimentary access to premium licensed entertainment through selected Asiacell hard bundles. Under the partnership, Asiacell subscribers gain access to 1001's Ultimate Lite Package "FADSHI", which includes LaLiga coverage, access to OSN+, and […]
By John Lee. Iraq's General Company for Road Transport, a subsidiary of the Ministry of Transport, has recorded more than 1,000 international freight journeys under the TIR (Transports Internationaux Routiers) system since the beginning of March 2026 through to 10 May, a development the company says reflects growing confidence in Iraq as an international transit […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. PM-designate Zaidi walks tightrope toward new Iraqi government Prime Minister-designate Ali Al-Zaidi's ongoing efforts to form a government have quickly developed into a high-stakes tug-of-war among Iraq's political class. As parliamentary blocs jockey […]
By John Lee. The Basra-Haditha pipeline project will reportedly have an export capacity of 2.5 million barrels per day (bpd) and is expected to create around 15,000 jobs for Iraqi workers. The Ministry of Oil spokesman, Sahib Bazoun, told the state-run Iraqi News Agency (INA) that the pipeline will serve as a supplementary overland export […]
By John Lee. According to a Ministry of Finance report, Iraq's total internal debt stood at IQD 96.629 trillion ($73.8 billion) as of the end of April 2026, while external debt has been reduced to $10.076 billion. Official data released by the ministry on Friday (8th May) show that domestic borrowing between 2023 and April […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Deep Dive: Does young new PM-designate portend shift in Iran-US balance in Iraq? After months of deadlock, Iraq's ruling Shiite Coordination framework has secured 41-year-old businessman Ali Al-Zaidi as prime minister-designate. The April […]
By Yasir Kuoti, for the Yale Journal of International Affairs. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. China in Iraq after the War: From Underdog to Unassailable Under President Xi Jinping, China has considerably expanded its footprint across the Middle East, transforming from […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Could Shifts in Iraqi Kurdistan Turn Former Foes into Turkish Partners? Turkiye's ongoing peace process with the Kurdistan Workers' Party (PKK) has opened up a complex period of diplomatic restructuring in the region. […]
By John Lee. The US Treasury Department's Office of Foreign Assets Control (OFAC) has designated Iraq's Deputy Minister of Oil, Ali Maarij Al-Bahadly, along with several other individuals and businesses, as part of a sanctions action targeting what it describes as the exploitation of Iraq's oil sector to benefit Iran and Iran-aligned militias. The Treasury said […]
By John Lee. A delegation from Iraq's Ministry of Oil, led by the Director-General of North Oil Company (NOC), Amer Khalil Ahmed, has visited the Iraqi Embassy in Damascus, where it met with the chargé d'affaires. The visit was focused on prospects for co-operation with the Syrian side regarding the reactivation of the Iraq-Syria oil […]
