PM Opens New Overpasses in Baghdad
By John Lee. Prime Minister Mohammed Shia' Al-Sudani on Sunday evening inaugurated the Al-Talae-Al-Bayjiya overpasses and the Sheikh Ma'ruf Mosque intersection in Baghdad's Karkh district. The project is the 14th of 16 traffic decongestion projects included in the government's first infrastructure package, supervised by the Ministry of Construction, Housing, and Public Works. The new overpasses […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 9th October 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 2,370.2 -0.6% 5.4% RSISX USD Index […]
EUR 40m Credit Guarantee Fund to Boost SMEs in Iraq
By John Lee. The International Labour Organization (ILO) has launched the Credit Guarantee Fund to empower small and medium enterprises (SMEs) in Iraq. The scheme is a partnership with the Ministry of Labour and Social Affairs (MoLSA), with funding from the German Ministry for Economic Cooperation and Development (BMZ) through the German Development Bank (Kreditanstalt […]
NIC signs Supervision Contract for "Future City" Housing Project
By John Lee. The National Investment Commission (NIC) has signed an engineering supervision contract for the "Future City" ["City of the Future"] residential project - one of Baghdad's largest urban investment developments. The signing ceremony was attended by NIC Chairman Dr. Haider Mohammed Makiyya, representatives of Al-Handal International Group (the project developer), and Dr. Mohammed […]
Oil Minister meets Delegation from Lukoil and INPEX
By John Lee. Deputy Prime Minister for Energy Affairs and Minister of Oil Hayan Abdul Ghani Al-Sawad met today (Wednesday) with a joint delegation from Russia's Lukoil and Japan's INPEX. The discussions focused on cooperation across Iraq's oil, gas, and energy sectors. The delegation included Ivan Romanovsky, Lukoil Vice President for the Middle East; Elnur […]
Iraq Approves Sovereign Guarantees for Manufacturing Plants
By John Lee. The Iraqi Cabinet has approved a recommendation from the Sovereign Guarantees Initiative Committee to issue sovereign guarantees for the establishment of a plant to produce caustic soda in support of a liquid chlorine and caustic soda production facility, as well as a separate project to produce black urea. These projects are part […]
Iraq Development Fund signs MoUs with Four Major Countries
By John Lee. The Iraq Development Fund has reportedly signed memoranda of understanding (MoUs) with four major countries to advance development cooperation and investment. Executive Director Mohammed al-Najjar told state-run Iraqi News Agency (INA) that the Fund has signed three MoUs with France, two with the United Kingdom, and two with the United States, in […]
Iraq Renames Sulaymaniyah Airport
By John Lee. The Iraqi Ministry of Transport has announced the renaming of Sulaymaniyah International Airport to Jalal Talabani International Airport, following the approval of Prime Minister Mohammed Shia Al-Sudani. The change honours the late President Jalal Talabani's national legacy and his role as a symbol of unity and dedication to Iraq and its people. […]
ExxonMobil signs Agreement to Develop Iraqi Oil Sector
By John Lee. US energy major ExxonMobil has signed a Heads of Agreement (HOA) with Iraq's Ministry of Oil. A statement today (Wednesday) from the Prime Minister's Office gave few details, but the agreement is thought to involve the Iraq's giant Majnoon field. During a meeting with ExxonMobil Vice President Peter Larden and the accompanying […]
3 Consortia, spaning 9 Countries, bid to Develop Baghdad Int'l Airport
By John Lee. The Iraqi Ministry of Transport has received bids from several international companies to develop Baghdad International Airport (BIAP). According to Bassem Waheed, Acting Director General of the Contracts and Licensing Department, the Ministry's evaluation committee will select the best offer to ensure high-quality development services for the airport. Three consortia submitted proposals: […]
Beyond Tariffs: Building a Mutually Beneficial Relationship between US and Iraq
By Ahmed Tabaqchali, 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. Beyond Tariffs: Building a Mutually Beneficial Relationship between the United States and Iraq The Trump administration imposed a 30 per cent tariff on Iraqi exports […]
Major Initiative to Improve Iraqi Aviation Standards
By John Lee. The Iraqi government has approved the formation of a working group, chaired by the head of the Iraq Civil Aviation Authority (ICAA), to oversee the licensing of Baghdad, Basra, Mosul, and Najaf airports. The team will also review the Iraqi Airways and State Company for Air Navigation Services to ensure full compliance […]