US Sanctions Iraq's Giant Muhandis Conglomerate
By John Lee. The US Department of the Treasury's Office of Foreign Assets Control (OFAC) has imposed new sanctions targeting individuals and companies accused of helping the Iranian regime evade US sanctions, smuggle weapons, and engage in corruption through networks operating in Iraq. According to a statement from OFAC, the designations target Iraq-based financial and […]
German Bank to Collaborate with CBI on Int'l Payments ...
By John Lee. The Central Bank of Iraq (CBI) Governor, Ali Mohsen Al-Allaq, met in Baghdad with the Representative of Institutional Clients and International Transaction Banking at Germany's Commerzbank, to explore avenues for strengthening bilateral financial cooperation. Discussions focused on expanding banking relations between Iraqi banks and Commerzbank to support economic activity and deepen financial […]
Schools Contract in Sherqat
By John Lee. Askeeban Company Ltd has won a contract with the United Nations Development Programme (UNDP) for the "construc[tion] of a 3-Classroom extension for Maymona primary school for Girls is to restore education services in Sherqat District." Contract value is stated as $50,885.20. (Source: UNGM)
Iraq Launches Plans for "$60bn" Al-Tayeb Economic City
By John Lee. The National Investment Commission (NIC) has announced the start of administrative procedures to designate the Al-Tayeb area in Maysan as a district, paving the way for its transformation into a major multi-service economic city and strategic investment opportunity. NIC Chairman Dr. Haider Mohammed Makiya said the Commission has received the master planning […]
UNOPS Contract for Housing Units in Ramadi
By John Lee. Al-Fityan Company For General Contracts has won a contract with the United Nations Office for Project Services (UNOPS) for "Rehabilitation of 40 category III housing units in Ramadi" Reference: ITB/2025/58519, Lot 2. The contract value was stated as $350,655. (Source: UNGM)
The Pension System in Iraq: Reform Strategies and Social Justice
By Dr Haidar Naama Bakhit, for the Al-Bayan Center for Planning and Studies. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. The Pension System and Fund in Iraq: Assessing the Reality and Reform Strategies between Financial Sustainability and Social Justice Iraq's pension system, managed […]
"Fragile" Accord sees Resumption of Oil Exports from KRI
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Fragile accord sees resumption of oil exports from Iraqi Kurdistan Iraqi federal authorities and the Kurdistan Regional Government (KRG) are celebrating an agreement to resume oil exports via Turkey after a two-and-a-half year […]
Tal Afar: The Forgotten City
By Ahmed Kamal El-Din, for the Al-Bayan Center for Planning and Studies. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Tal Afar: The Forgotten City Tal Afar, despite being one of Iraq's largest and most historic districts, has suffered decades of neglect and severe […]
Renewed KRI Oil Flows Could Benefit US-Iraq-Turkey Relations
By Noam Raydan and Soner Cagaptay, 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. How Renewed Oil Flows from the ITP Could Benefit U.S.-Iraq-Turkey Relations The potential economic and strategic benefits of reopening the northern Iraqi […]
Contract for Enhancing Social Cohesion in Southern Iraq
By John Lee. Iraqi Al-Firdaws Society has won a contract with the United Nations Development Programme (UNDP) for "Enhancing Social Cohesion and Community Resilience to Climate-Induced Mobility in Southern of Iraq." Contract value is stated as $34,923.63. (Source: UNGM)
Khor Abdullah Waterway Dispute: A Regional Diplomacy Model?
By Rami Alkhafaji and Safwan Al-Amin for the Atlantic Council. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Can Iraq and Kuwait transform the Khor Abdullah waterway dispute into a regional diplomacy model? The Khor Abdullah waterway has re-emerged as a point of […]
Iraq's Economy to Contract in 2025 Before Rebounding
By John Lee. The World Bank projects Iraq's economy will shrink by 0.9 percent in 2025, marking a downgrade of 2.3 percentage points from the April forecast. The contraction is mainly attributed to reductions in oil output as Iraq adjusts production to align with OPEC+ commitments. However, economic growth is expected to rebound strongly to […]