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 […]
By John Lee. Iraq's National Investment Commission (NIC) has announced the postponement of the Iraq Investment Forum, which had been scheduled to take place on 14-15 June 2025. The announcement attributed the delay to "unforeseen organisational and technical reasons," but it is generally understood to be due to the rapid escalation of tensions in the […]
By John Lee. The Iraqi Ministry of Transport has confirmed the suspension of all air traffic and the temporary closure of Iraqi airspace until further notice, citing regional security tensions and the need to safeguard civil aviation. According to a statement from the Ministry's Media Office, the General Company for Air Navigation Services began a […]
By John Lee. The Government of Iraq has issued a strong condemnation of what it described as military aggression by Israel against the Islamic Republic of Iran, calling the act a clear violation of international law and the United Nations Charter. A statement from Government Spokesman Basim Alawadi urged the international community to go beyond […]
By John Lee. The U.S. Department of State ordered the departure of non-emergency U.S. government personnel from its embassy in Baghdad. A statement from the Embassy said the move was "due to heightened regional tensions." Analysts say this relates to an increased likelihood that negotiations with Iran regarding nuclear enrichment will break down. Iran's Defence […]
By John Lee. The Iraqi Army Aviation Command has begun equipping newly-delivered French-made Caracal helicopters at Martyr Brigadier General Mohammed Alaa Air Base. According to a statement from the Ministry of Defense, this initiative is part of a broader plan to strengthen the operational capabilities of Iraq's Army Aviation. The Caracal helicopters are equipped for […]
By John Lee. Dr. Mohamed Al Hassan, Special Representative of the UN Secretary-General for Iraq, delivered a briefing to the UN Security Council on Tuesday, at the start of which he highlighted "Iraq's drive towards more stability, more prosperity, and closer regional integration." With just over six months remaining before UNAMI's mandate ends, Dr Hassan […]
