By John Lee. A direct air route between Baghdad and Vienna has been proposed following a meeting between Iraq's First Deputy Speaker of Parliament, Adnan Feihan al-Dulaimi, and Austria's newly appointed ambassador to Iraq, Axel Wech. The two sides agreed on the importance of opening the direct flight link and advancing legislation for an air […]
By John Lee. The director-general of the Middle Euphrates Electricity Production Company and one of the company's employees have been sentenced to six years in prison and a fine of IQD 10 million (USD 7,600) each for accepting bribes in exchange for releasing payments owed to a contractor. According to the Federal Commission of Integrity, […]
By John Lee. Shares in Gulf Keystone Petroleum (LSE: GKP) are trading up around 10 percent this morning (Tuesday, 25th August) after the company published its 2026 half-year results. Full statement from GKP: 2026 Half Year Results Announcement Gulf Keystone, a leading independent operator and producer in the Kurdistan Region of Iraq, today announces its results […]
By John Lee. A meeting has been held at Iraq's Ministry of Planning to discuss the activation and development of the Iraq Development Management System (IDMS), a digital platform used to monitor and manage investment projects and government programmes. The meeting, attended by Basim Dari, Director General of the Sector Planning Directorate, and Tahseen Mahmoud […]
By John Lee. Prime Minister Ali al-Zaidi has received the envoy of Libya's Government of National Unity, Al-Taher Salem Al-Baour, along with an accompanying delegation. Al-Baour delivered a letter from Libyan Prime Minister Abdul Hamid Mohammed al-Dabaiba, which affirmed the importance of strengthening bilateral relations between the two countries and expressed an interest in convening […]
By John Lee. The General Company for the Pharmaceutical Industry and Medical Supplies in Samarra has produced the broad-spectrum antibiotic moxifloxacin for the first time, adding it to its range of pharmaceutical products. According to the Ministry of Industry and Minerals, the drug is used to treat a range of bacterial infections in adults, including […]
By John Lee. SalamAir is to begin direct flights between Muscat and Erbil from 25th October. The Omani low-cost carrier says the route will offer affordable direct connections between the two cities. (Source: SalamAir)
From The New Region. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq to Slash Three Zeros from Currency, Introduce New Notes Iraq is set to remove three zeros from its currency in a bid to rebrand the dinar and support digitizing transactions to […]
By Sharareh Abdi. Iraq Is Digitising Payments. What Should Come After the Payment? Iraq's payments market is changing faster than its traditional image as a cash-dominated economy might suggest. According to the Central Bank of Iraq, domestic card-based financial transfers reached more than 58 million transactions in 2024, up 213.6% from the previous year. Their total […]
By John Lee. Options for restarting the stalled Bismayah housing project were discussed at a meeting between the National Investment Commission (NIC) and the South Korean Ambassador to Iraq, Lee Joonie, on Sunday. According to the NIC, the meeting reviewed the current status of the project and examined options for settling outstanding financial dues, including […]
By John Lee. Investment opportunities in the Iraqi market and ways to attract Emirati companies were discussed at a meeting between Iraq's Ministry of Trade and the Emirati-Iraqi Business Council. According to the Ministry of Trade, Dr. Malik Khalaf al-Durei'i, Director General of the Private Sector Development Department, visited the council's headquarters and attended its […]
By John Lee. Iraq and the Czech Republic have discussed strengthening bilateral trade and economic relations during a meeting in Baghdad between the Department of Foreign Economic Relations at the Ministry of Trade and Michal Svoboda, Minister Plenipotentiary at the Czech Embassy. Riyad al-Hashimi, Director General of the department, called for a fifth session of […]
