By John Lee. The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has announced sanctions targeting networks involved in transporting and purchasing Iranian oil, including a group of companies led by Iraqi businessman Salim Ahmed Said. The U.S. alleges that Said's network smuggled Iranian oil disguised as, or blended with, Iraqi oil, […]
By Noam Raydan and Devorah Margolin, 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. Redefining and Strengthening the U.S.-Iraq Relationship Through Energy and Security Iraq is more stable than it has been in decades but still […]
By John Lee. Iraq's Federal Supreme Court (FSC) has announced the retirement of its President, Judge Jassim Mohammed Aboud [al-Umairi], due to health reasons. The decision was made on Sunday, 29th June 2025, during a meeting of the committee established under Article 3 (First and Second) of the amended Law No. 30 of 2005 on […]
By Robert S. Ford for The Middle East Institute. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq tries to assert state authority during crisis The Iraqi government has long navigated a path between maintaining political ties with its Iranian neighbor and Tehran's […]
By Dr Renad Mansour, for Chatham House. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq's fragile stability is threatened by a shifting Middle Eastern order For the first time in recent memory, Iraq has found itself on the margins of a major Middle […]
By John Lee. Colorado-based Vectrus Systems LLC [V2X] has been awarded a $118,020,690 cost-plus-fixed-fee undefinitized contract action, for base support services in support of the Iraq F-16 program. This contract provides for base operating support, base life support, and security services. Work will be performed at Martyr BG Ali Flaih Air Base (formerly Balad Air Base), […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraqi dollar smuggling 'turns regional' amid high Iranian demand for greenbacks Iraq has recently been riled by reports of a multi-billion dollar cash smuggling scheme allegedly orchestrated by Iran and its allies. Apparently […]
By John Lee. The Iraqi Civil Aviation Authority (ICAA) has announced on Tuesday the reopening of Iraqi airspace to international air traffic following a comprehensive security assessment and coordination with national and international stakeholders. Bangen Rekani, head of the Civil Aviation Authority, stated that the decision reflects improved security conditions and Iraq's ability to provide […]
By John Lee. Qi (International Smart Card), Iraq's largest electronic payment platform, has announced that it has entered into a landmark partnership with K2 Integrity (K2i), a US-based global financial integrity and compliance advisory firm. The multi-year collaboration aims to align Iraq's financial infrastructure with international standards in anti-money laundering (AML) and countering the financing […]
By John Lee. The Iraqi government has issued a strong condemnation of recent attacks on nuclear facilities in Iran, warning that such actions threaten regional and global security. In a statement released by government spokesman Basim Alawadi on Sunday, Iraq described the military escalation as a "grave threat to peace and security in the Middle […]
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Nine Iraqi top court members resign Nine members of Iraq's Federal Supreme Court submitted their resignations on Thursday in protest against the court's chief justice. Click here to read the full article.
By John Lee. Iraq's Deputy Prime Minister and Foreign Minister, Fuad Hussein (pictured), has cautioned that the continuation of Israeli and Iranian military operations may lead to the closure of the Strait of Hormuz, which could result in the loss of up to five million barrels per day of oil exports from the Gulf and […]
