Ukrzemresurs Files Arbitration Claim Over Akkas Dispute
By John Lee. Ukrzemresurs LLC, a Ukrainian gas producer and operator of the Akkas gas field in Iraq since 24 April 2024, has announced that it has filed a claim with the International Court of Arbitration of the International Chamber of Commerce (ICC) to protect its rights as operator and investor under the Gas Development […]
Urbanisation and Climate Change "Threaten Iraq's Cities"
From Kurdistan24. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Battle for Green Space: Urbanization and Climate Change Threaten Iraq's Cities According to Iraqi environmental organizations, the greenness rate in Baghdad has plummeted to just 4.5%. Click here to read the full article.
Bab Al Karama Wins UNOPS Contract in Sinjar
By John Lee. Bab Al Karama Company has won a contract with the United Nations Office for Project Services (UNOPS) for "Construction of Fence for 40 Category IV Housing Units in Sinjar, Iraq" Reference: RFQ/2025/59450. The contract value was stated as $227,130. (Source: UNGM)
UNHCR Health Services for Refugees in Iraq, 2022-25
By John Lee. UNHCR Iraq has published a review of its access to health services for refugees in Iraq from 2022 to 2025. According to the overview: Construction and upgrade of public health facilities across the Kurdistan Region of Iraq at a value of USD 3 million. This included: Construction of 4 new primary healthcare […]
US Energy Firms are Returning to Iraq, but ...
By Raad Alkadiri 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. US energy firms are returning to Iraq -- but politics could undo their fortunes US firms are back in Iraq. Whether their outlook is as propitious a year […]
$100m Food Processing Plant opened in Erbil
By John Lee. KRG Prime Minister Masrour Barzani recently opened the Megal Project in Erbil -- a $100 million private-sector investment in agriculture, livestock, and the food industry. The project spans 366 acres and includes a slaughterhouse, shopping centre, animal control and wastewater treatment facility, waste incineration unit, and landscaped areas - all designed to […]
Baghdad University to Expand Cooperation with Iranian Uni
By John Lee. As part of efforts to strengthen academic and research collaboration, Baghdad University received Dr. Masoud Tajrishi, President of Iran's Sanati Sharif University, and his accompanying delegation. The visit aimed to enhance mutual cooperation and develop scientific partnerships between the two institutions. The visiting delegation was welcomed by Professor Dr. Baha Ibrahim Insaf, […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 30th Oct 2025. Please click here to view a table of listed companies and their associated ticker codes. RSISX Index Change RSISX Index Closings Change (w/w) (%) Change (YTD) (%) RSISX IQD Index 2,382.9 2.5% 5.9% RSISX USD […]
Swiss Firm to buy LUKOIL's Iraq Assets
By John Lee. Russia's LUKOIL has announced that it will sell its international assets to Swiss-based Gunvor Group. In an announcement on Thursday, the company said: "The conclusion of the binding agreement for the transaction is subject to conditions precedent including obtaining OFAC permission by the Purchaser as well as any other applicable licenses, permits […]
Al Busttan signs Contract with TotalEnergies for Ratawi Development
Al Busttan Company for General Services has signed an Engineering, Procurement, Construction, Lease and Operate (EPCLO) contract with TotalEnergies EP Ratawi Hub (TEPRH) for the design, build and operation of a 200-man Pioneer Camp in the Ratawi Field in Basra. Pictured at the signing ceremony held at Al Busttan's North Rumaila office are Mr Ismael […]
CBI signs Agreement on Electronic Payments
By John Lee. Under the patronage and presence of Mr. Ali Mohsen Al-Allaq, Governor of the Central Bank of Iraq (CBI), the bank signed a cooperation agreement with the National Bank of Kuwait (NBK), Bahrain Branch, at the CBI headquarters in Baghdad. The signing ceremony was attended by Mr. Ali Ferdan, Chief Executive Officer of […]
First US Special Envoy to Iraq in Two Decades
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Deep Dive: Trump names first US special envoy to Iraq in two decades For the first time in more than two decades, the US has appointed a special envoy to Iraq. President Donald […]