Iraq buys Italian Truck-Mounted Lifts
By John Lee. Iraq's Ministry of Electricity has reportedly purchased ten telescopic truck-mounted lifts made by Italian firm CTE. The equipment was supplied by Precision Machinery, CTE's distributor in the UAE. More here. (Sources: Precision Machinery, Vertikal)
AUIB Signs Education Partnership with English Int'l School
By John Lee. The American University of Iraq - Baghdad (AUIB) has signed a Memorandum of Cooperation (MoC) with the English International School - Baghdad (EISB), establishing a framework for collaboration in education and training. The agreement includes structured internship opportunities at EISB for AUIB students pursuing teaching and education-related degrees, as well as pathways […]
AUIB and Raban Al-Safina launch $250m Hospital Project
By John Lee. The American University of Iraq - Baghdad (AUIB), in partnership with Raban Al-Safina Group, has announced the launch of Iraq's first fully integrated teaching hospital in five decades. The $250-million investment agreement is supported by the International Finance Corporation (IFC). The 200-bed facility will be built to international standards, featuring emergency and […]
KRG highlights $7.6bn in New Tourism Projects
By John Lee. On World Tourism Day, the Kurdistan Regional Government (KRG) highlighted the sector's strong expansion under its Ninth Cabinet, supported by major infrastructure investments. Over the period, 80 new tourism projects have been completed with a total value of $7.56 billion [IQD 9.87 trillion]. The Kurdistan Region now offers more than 3,000 tourist […]
Iraq "Capable of Defending Exchange Rate" - Central Bank
By John Lee. The Governor of the Central Bank of Iraq (CBI), Ali Mohsen Al-Alaq, announced on Sunday that Iraq is currently witnessing the lowest inflation levels in its modern history. Speaking at the Iraq Investment Forum, he said that the country enjoys "comfortable" foreign currency reserves capable of defending the exchange rate, while monetary […]
Iraq announces Oil Exports for August
By John Lee. Iraq's Ministry of Oil has announced finalised oil export volumes for August. Total exports of crude oil: 104,806,884 barrels. Exports from the oil fields in central and southern Iraq amounted to 103,895,706 barrels. Exports from Qayyarah were 911,178 barrels. Average daily crude oil exports: approximately 3.381 million barrels per day. The total […]
Iraq Announces $450bn Investment Opportunities
By John Lee. Prime Minister Mohammed Shia Al-Sudani on Saturday inaugurated the Iraq Investment Forum (IIF) in Baghdad, unveiling investment opportunities worth $450 billion [IQD 587 trillion] across more than 160 projects in various sectors. In his speech, Al-Sudani welcomed participants, praising the National Investment Commission (NIC), the Iraqi Economic Council (IEC), and supporting bodies. […]
Chinese Firm begins Drilling First Oil Well in Faw Block
By John Lee. Minister of Oil, Hayan Abdul Ghani, has launched drilling operations for the first oil well in the Fao [Faw] block during a recent visit to Basra. He underlined the Ministry's commitment to developing oil fields and exploration blocks to boost crude output and expand gas investment in support of the national economy. […]
The Iraqi Dinar Revaluation Deception: 10 Persistent False Claims Exposed
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 Revaluation Deception: 10 Persistent False Claims Exposed For over two decades, fraudulent promoters and self-proclaimed "dinar gurus" have perpetuated an elaborate investment scam centered around the Iraqi dinar (IQD). Despite […]
UK Unis Invited to Join Iraq's Scholarship Programme
By John Lee. The British Council has urged UK universities to participate in Iraq's expanded postgraduate scholarship programme, launched by the Iraqi Higher Committee for Education Development (HCED). From 2025, HCED will provide 1,000 fully funded scholarships each year until a total of 5,000 awards are delivered by 2030. The scholarships cover Master's, PhD, and […]
US piles Pressure on Iran's Iraqi Allies with 'Terrorist' Designations
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. US piles pressure on Iran's Iraqi allies with 'terrorist' designations Amid a growing US push to de-fang Iran's allies in Iraq, the Donald Trump administration has designated four major Shiite armed factions as […]
Work starts on Iraq's Sub-Critical Nuclear Laboratory
By John Lee. Minister of Higher Education and Scientific Research and Chairman of the Iraqi Atomic Energy Commission (IAEC), Dr. Naim Al-Aboudi, has laid the foundation stone for the Ministry's Sub-Critical System and Central Laboratories project. A subcritical nuclear system is a nuclear fission setup where the chain reaction cannot sustain itself. Speaking at the […]