By John Lee. Iraq's Finance Minister and the South Korean Ambassador to Iraq have met to discuss the financing of an air defence system contract agreed between the two countries. According to Iraq's Ministry of Finance, Faleh Sari met with Ambassador Lee Jae-myung on Wednesday. Also present were the Iraqi Army Chief of Staff, Lieutenant […]
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. An audit of Iraq's national pension system has identified 16,384 deceased individuals whose retirement payments had not been stopped, alongside widespread data errors and corruption involving pension branch managers in provinces formerly affected by terrorism. The Federal Commission of Integrity announced it has begun auditing pension files and cross-referencing data held by […]
By Ali Hussein Al-Khafajy, for Chatham House. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Sanctions have Reshaped, Rather than Weakened, the Economic Model of Iraq's Armed Groups Mounting US pressure on the financing channels of armed groups in Iraq may not weaken their […]
By Bayan Al Hashimi. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Protecting Foreign Investors from Administrative Corruption in Iraq A practical legal framework for reducing administrative and compliance risk. Foreign investors considering Iraq usually begin with familiar questions: Is the project commercially viable? […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. US Packs up Last Iraqi Air Defenses as Withdrawal Deadline Looms Nearly two months ahead of its anticipated Sept. 30 withdrawal deadline, the United States has begun packing up its air defenses in […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq-Syria Rapprochement Makes Baghdad More Valuable, Not More Exposed On July 8, 2026, the Donald Trump administration informed the US Congress of its intent to rescind Syria's designation as a state sponsor of […]
By John Lee. Fly Baghdad, also known as Iraq Express, has been removed from the US Office of Foreign Assets Control (OFAC) Specially Designated Nationals (SDN) list. Two aircraft operated by the airline - tail numbers YI-BAF and YI-BAN - have also been delisted. The airline had been designated under the Specially Designated Global Terrorist […]
By John Lee. An Iraqi court has recovered IQD 20 billion (USD 15.3 million) in a financial and administrative corruption case. According to the Supreme Judicial Council (SJC), the funds were recovered by the Rusafa Investigation Court, which specialises in integrity and money-laundering cases, in connection with offences including financial fraud. (Source: Supreme Judicial Council)
By Mustafa Saadoon, for Alhurra. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Exclusive: Iran War Has Cost Iraq $45 Billion Official sources said that collapsing oil exports and stalled development projects have inflicted massive losses on the country as Baghdad bets on deeper […]
By John Lee. An emergency meeting of Iraq's Coordination Framework was held at the Government Palace on Wednesday to discuss what it described as US-Saudi attacks on Iraqi sovereignty. According to Prime Minister's Office, the meeting, hosted by Prime Minister Ali al-Zaidi, condemned what it called an attack on Iraqi territory that resulted in the […]
By John Lee. IQD 2.5 billion (USD 1.9 million) in cash has been found at the home of a former head of the accounts department in Salahadin Governorate, who is currently detained pending investigation. Six properties registered in the name of his wife were also identified at investment compounds. According to the Federal Commission of […]
