By John Lee. Chevron has received approval from Iraq's Council of Ministers for the final terms and conditions of a framework agreement with the Ministry of Oil concerning the management and operation of the West Qurna 2 oil field. According to the Prime Minister's Office, the agreement is between the Ministry of Oil, represented by […]
From Kapita Research. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq's 2026 Customs Reset Iraq's main ports have been partially paralyzed since the start of 2026. The cause is not a physical blockade but the activation of a new digital customs system […]
By John Lee. The State Company for Construction Industries, part of Iraq's Ministry of Industry and Minerals, has announced the launch of production at the Baghdad Brick Plant following a comprehensive rehabilitation and modernisation programme carried out with private-sector participation. The plant's Turkish-origin production line has been upgraded with modern industrial technologies and converted to a […]
By John Lee. Gocay Insaat of Turkey has been granted an additional extension to enable it to issue the required bank guarantee for the infrastructure project in Samarra. According to the Prime Minister's Office, the Cabinet approved the extension to allow the company to complete the procedures for obtaining the guarantee from the relevant banks […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Dark clouds over Iraqi civil society after killing of prominent feminist The killing in Baghdad of prominent feminist activist Yanar Mohammed has ignited outrage in Iraq and abroad... Mohammed's apparent assassination has also […]
By John Lee. Iraqi Civil Aviation Authority (ICAA) has extended the closure of Iraqi airspace to all arriving, departing and transit aircraft until 12:00 noon on Friday. The authority said the decision was taken as a temporary and precautionary measure, based on an ongoing assessment of the security situation and in light of regional developments […]
By John Lee. Iraq's Private Sector Development Council has held its second session to discuss current economic developments and measures to support economic and financial stability. The meeting was attended by representatives from several government institutions, including the Ministry of Planning, with Dr Sabah Jundi Mansour, Director of the Economic and Financial Policies Department, representing the […]
By John Lee. The Embassy of the Republic of Iraq has officially begun operating in Ashgabat, marking a new step in strengthening diplomatic relations between Iraq and Turkmenistan. The development was discussed during a meeting on 9th March 2026 at the Ministry of Foreign Affairs of Turkmenistan between Deputy Foreign Minister Serdar Muhammetdurdyyev and Jassim […]
By John Lee. The Central Bank of Iraq (CBI) has announced a public tender for the supply of computer equipment in accordance with the technical specifications outlined in the bank's standard procurement documentation. The tender has an estimated total value of IQD 767,500,000 (approximately USD 586,000) and will be funded from the central bank's 2026 capital […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq emerges as theater for war as mysterious landing, blackout ignite rumors Iraq is emerging as a major theater of war amid a sharp escalation in regional conflict that shows no sign of […]
By John Lee. The Central Bank of Iraq (CBI) has held an extraordinary board meeting to review recent economic and financial developments and assess macroeconomic indicators and future outlooks in light of regional and global changes. The board conducted a comprehensive review of conditions in the monetary and financial markets, including: Liquidity levels within the banking […]
By John Lee. The Ministry of Electricity has said the Iraq-Gulf electricity interconnection project will soon enter service with an initial capacity of 500MW. According to ministry spokesperson Ahmed Mousa Al-Abadi, the project is around 95 percent complete and is currently undergoing final operational procedures before the first phase becomes operational. The ministry also confirmed that […]
