By Guest Blogger. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. The Iraqi Dinar Caught in the Crossfire: What a Trump-Iran Military Conflict Would Mean for Iraq's Currency The Middle East is once again on the edge. The United States has assembled its largest […]
By Clayton Seigle, for the Center for Strategic and International Studies (CSIS). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. If Trump Strikes Iran: Mapping the Oil Disruption Scenarios President Donald Trump has hinted at potential military strikes unless Iran agrees to fully abandon […]
By John Lee. The General Company for Ports of Iraq (GCPI) has confirmed that Iraq has formally deposited its maritime zones map and associated coordinates with the United Nations (UN), in a move aimed at consolidating its maritime rights and strengthening its legal position in boundary matters. Director General Dr Farhan Al-Fartousi said the deposit […]
By John Lee. Nouri Al-Maliki (pictured), head of the State of Law Coalition, has confirmed that he will not withdraw his candidacy for the post of Prime Minister, in remarks to Agence France-Presse (AFP) on Monday. He said that any US messages are directed to the Iraqi state rather than to him personally, and rejected […]
By John Lee. The Central Bank of Iraq (CBI) has warned citizens of fraudulent schemes involving counterfeit and non-circulating banknotes designed to defraud victims for financial gain. In a statement, the CBI outlined several common methods currently observed in Iraq: "$1,000,000" banknotes sold as legal tender, despite being commemorative notes with no monetary value. The […]
By John Lee. Belgium has contributed €1.35 million in 2025 to the United Nations Mine Action Service (UNMAS) to support humanitarian demining operations in Iraq and Syria. According to the Belgian Ministry of Foreign Affairs, the latest allocation brings Belgium's total investment in mine countermeasure initiatives in the two countries to more than €13 million […]
By John Lee. The Second Karkh Investigative Court has recovered IQD 30 billion (approximately $23 million) in connection with a financial fraud case. According to a statement issued by the Supreme Judicial Council (SJC), the amount was recovered from a company that violated the law by exploiting exchange rate differences in foreign currency transfers conducted […]
By John Lee. Transparency International has said that Iraq has improved its ranking and score in the global Corruption Perceptions Index (CPI) for 2025. From a total of 182 countries, Iraq came in at number 136, up 4 places on the previous year. And from a score of 16 in 2013, 2014 and 2015, Iraq […]
By John Lee. General Dynamics Land Systems Inc., Sterling Heights, Michigan, was awarded a $11,994,680 modification (P00014) to contract W56HZV-21-C-0072 for contractor logistics support services to sustain M1A1SA Abrams tanks and M88A1/A2 recovery vehicles. The modification brings the total cumulative face value of the contract to $90,954,439. Work will be performed in Camp Taji, Iraq, […]
By John Lee. The US State Department last month approved a possible Foreign Military Sale to Iraq of of Very Small Aperture Terminals (VSATs) and related equipment. The estimated total cost is $110 million, and the principal contractor will be Network Innovations, of Frederick, Maryland. Full statement from US State Department: WASHINGTON, January 14, 2026 […]
By John Lee. The US State Department has approved a possible Foreign Military Sale to Iraq of Contracted Logistical Services for VACIS XPL passenger vehicle scanning systems and related equipment. The estimated total cost is $90 million, and the principal contractor will be Leidos, of Reston, Virginia. Full statement from US State Department: The State […]
By John Lee. A workshop has been held on preparations for the next phase of Iraq's mutual evaluation process on anti-money laundering and counter-terrorism financing (AML/CFT) at national and sectoral levels. The event was organised by the Central Bank of Iraq (CBI)'s Anti-Money Laundering and Counter-Terrorism Financing Office, in cooperation with the Ministry of Interior […]
