Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. The Iraqi Ministry of Transport has reported continued arrivals of cargo vessels at Iraqi ports during March, reflecting ongoing maritime trade activity despite regional tensions. According to the ministry, maritime agencies of the State Company for Maritime Transport (SCMT) have continued to provide services to incoming vessels, while cargo handling operations are […]
By John Lee. Iran has reportedly begun charging up to $2 million per ship for safe passage through the Strait of Hormuz. The payments, according to the report from Deutsche Welle, would be a breach of international maritime law. This follows a recent statement from Iran's Ministry of Foreign Affairs, denying that the Strait is […]
By Michael Eisenstadt and Assaf Orion, for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Military Options for Reopening the Strait of Hormuz: Limitations and Imperatives Loosening Tehran's grip on the strait and its disruption of the […]
By John Lee. Iraq has declared a public holiday for Thursday due to adverse weather conditions, suspending work across all state institutions except essential services. The directive was issued by Prime Minister Mohammed Shia Al-Sudani, with exemptions granted for service-related sectors required to maintain operations. In a related development, the Iraq Stock Exchange (ISX) announced […]
By John Lee. The Iraqi State Company for Cement, part of the Ministry of Industry and Minerals, has reported increased production at its Basra, Najaf and Al-Qaim plants in January. According to Director General Awad Kazem Abdul Amir, the Basra Cement Plant recorded output of 41,123 tonnes, reflecting improved resource management and operational readiness. The […]
By John Lee. Iraq is developing a national roadmap to align with the European Union's Carbon Border Adjustment Mechanism (CBAM), focusing on its impact on key industrial sectors. The discussions took place during a committee meeting chaired by the Ministry of Environment, with participation from multiple government entities. Riyadh Fakher Al-Hashemi, Director General of the […]
By John Lee. The State Company for Rubber Industries and Tyres, part of the Ministry of Industry and Minerals, has processed 170 tonnes of used tyres into industrial products as part of a recycling project implemented in partnership with the private sector. According to Director General Haider Nasser Dhaher, the output from 2025 included a […]
Joint statement from the leaders of the United Kingdom, France, Germany, Italy, the Netherlands, Japan and Canada on the Strait of Hormuz: 19 March 2026 19 March 2026 We condemn in the strongest terms recent attacks by Iran on unarmed commercial vessels in the Gulf, attacks on civilian infrastructure including oil and gas installations, and […]
From Shafaq. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq airspace closure costs $43 million during US-Israel war on Iran Iraq's aviation sector has lost nearly $43 million since authorities shut the country's airspace following the outbreak of the US-Israeli war on Iran […]
By John Lee. The Ministry of Electricity has announced a complete cessation in Iranian gas supplies to Iraq, resulting in the loss of approximately 3,100 megawatts of power generation capacity. Ministry spokesman Ahmed Mousa told the state-run Iraqi News Agency (INA) that the disruption resulted from developments in the region and had an immediate impact on […]
By John Lee. The Council of Ministers has approved a public holiday for Eid al-Fitr, suspending official working hours across state institutions from Wednesday 18th March until Monday 23rd March. Government offices are scheduled to resume normal operations on Tuesday 24th March. Eid al-Fitr marks the end of Ramadan, a month of fasting in the Islamic […]
By John Lee. Iraq Fund for the Recovery of Smuggled Assets has reportedly recovered approximately $379 million in Iraqi funds from abroad, according to its chairman, Mohammed Ali Al-Lami. Speaking to the state-run Iraqi News Agency (INA), Al-Lami said the fund is seeking to sign cooperation agreements with international and local institutions to strengthen its […]
