By John Lee. A series of important initiatives have been announced at the 34th Session of the Arab Summit, and the 5th Arab Economic and Social Development Summit, held in Baghdad on Saturday: Arab Food Security Initiative for Grains The Baghdad Initiative to Enhance Arab Cooperation on Environmental and Climate Challenges Arab Initiative to Provide […]
By John Lee. The Iraqi Judiciary has recovered 11 billion dinars [$8.4 million] following a financial fraud case involving a company that illegally profited from currency exchange rate differences through fraudulent overseas money transfers. According to a statement from Iraq's Commission of Integrity, the recovery was led by the Second Karkh Investigation Court, under the […]
By John Lee. Iraq's Council of Ministers has approved the signing of a contract addendum between the Independent High Electoral Commission (IHEC) and South Korean firm Miro to supply biometric cameras for voter verification devices. The cameras will serve as developmental components aimed at resolving cases where voters' fingerprints cannot be recognised on election day, […]
By Ahmed Tabaqchali for The Clingendael Institute. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Misery loves company: Iraq and Iran's electricity and gas dependencies In September 2022, the death of Mahsa Jina Amini marked a major turning point for Iran. The event sparked lengthy […]
By Michael Knights, for the Combating Terrorism Center (CTC) at West Point. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraqi Oil and the Iran Threat Network Iran-backed terrorist groups and militias are developing significant new strands of threat financing using Iraq's oil sector, […]
By John Lee. French firm Airbus has delivered the first two Caracal military helicopters to Iraq under a defence contract signed between the two countries. The Iraqi Ministry of Defence confirmed receipt of the aircraft on Wednesday, 30 April 2025. Speaking at the handover ceremony, Defence Minister Thabet Muhammad Saeed Al-Abbasi highlighted the strength of […]
By John Lee. The Central Bank of Iraq (CBI) has issued new regulations for electronic payment service providers. The 48-page document targets money laundering and terrorist financing. Click here to see the full statement from the CBI [Arabic]. (Source: CBI)
By John Lee. The Iraqi National Intelligence Service has led an official delegation to Damascus under the direction of Prime Minister Mohammed S. Al-Sudani. The delegation, headed by Mr. Hamid Al-Shatri, President of the Iraqi National Intelligence Service, is scheduled to meet with Syrian President Ahmed al-Sharaa' and other senior Syrian officials. The delegation includes […]
By John Lee. Iraqi Defense Minister Thabet Mohammed has discussed expanding cooperation with South Korea on air and mobile defense systems, including the Korean Utility Helicopter (KUH-1), also known as 'Surion'. The meeting took place on the sidelines of the IQDEX 2025 International Defense Exhibition, held in Baghdad from 19th to 22nd of April. Korean […]
By John Lee. The Central Bank of Iraq (CBI) has issued a warning to the public regarding the circulation of foreign banknotes - including authentic, withdrawn, and counterfeit currency - used by fraudsters to deceive citizens. According to the CBI, criminals lure individuals into exchanging these notes for Iraqi dinars at inflated rates under the […]
By John Lee. Prime Minister and Commander-in-Chief of the Armed Forces, Mr. Mohammed S. Al-Sudani, inaugurated the 13th Security, Defense, Military Industries, and Cybersecurity Exhibition in Baghdad on Saturday, an event featuring 155 companies from 24 countries, including 65 Iraqi firms. The exhibition offers a platform for showcasing advanced defence, surveillance, and cybersecurity technologies while […]
By John Lee. Iraq's Ministry of Interior has announced that the Anti-Organized Crime Unit in Najaf Governorate successfully apprehended a suspect involved in the trade and circulation of counterfeit currency. According to a statement from the Ministry, the arrest followed intensive intelligence gathering and continuous monitoring, and was carried out based on precise information. The […]
