Iraq's Oil Minister Meets World Bank Director
By John Lee. Deputy Prime Minister for Energy Affairs and Minister of Oil, Hayan Abdul Ghani Al-Sawad, has met with the World Bank's Director on the sidelines of the Gastech exhibition and conference. The discussions covered issues related to oil and the wider economy. The meeting was also attended by Deputy Minister for Gas Affairs, […]
IBBC hosts Governor of Nineveh and leading commentators at Cumberland Lodge
From the Iraq Britain Business Council (IBBC): IBBC hosts Governor of Ninevah and leading commentators at Cumberland Lodge IBBCs annual member retreat at Cumberland Lodge, saw a full house of members and international commentators on Iraq, discuss Middle East geopolitics, Iraq's internal dynamics and an illuminating talk from the Governor of Ninevah province under Chatham […]
KOICA Hosts Iraq Knowledge Sharing Conference
The Korea International Cooperation Agency (KOICA) has successfully organized the Iraq Knowledge Sharing Conference 2025 at the Ministry of Planning in Baghdad, with the participation of Iraqi government representatives, experts, and alumni of training programs in Korea. The conference aimed to strengthen the exchange of expertise and knowledge gained in Korea and apply it to […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 11th September 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 2,325.1 -0.2% 3.4% RSISX USD Index […]
Iraq Awards Contracts for Artawi Oilfield Development
By John Lee. The Iraqi Cabinet has approved key contracts as part of efforts to advance the development of the Artawi oilfield. The Council of Ministers endorsed the award of the Networks and Well Platforms (NWP) tender for Phase Two of the field to Sinopec, the Chinese oil services company. It also approved an exception […]
Rafidain Bank releases New Funding for Entrepreneurs
By John Lee. Iraq's state-owned Rafidain Bank has announced the release of the tenth tranche of its "Entrepreneurship and Excellence" initiative, financing 80 projects with 1 billion Iraqi dinars each. This brings the total number of projects funded since the programme's launch to 1,735, with cumulative financing of 22.94 billion dinars. The initiative, launched under […]
Iraq Opens Two New AI Engineering Colleges
By John Lee. The Minister of Higher Education and Scientific Research, Dr. Naeem Al-Aboudi, has inaugurated two new colleges dedicated to artificial intelligence (AI) studies. At the University of Technology in Baghdad, he opened the new College of Artificial Intelligence Engineering, which includes specialised departments in intelligent control engineering, intelligent robotics, smart computing and cybersecurity, […]
SOMO in "Advanced Talks" with ExxonMobil on Storage Capacity
By John Lee. Iraq's State Oil Marketing Organization (SOMO) announced that it has reached advanced stages of understanding with America's ExxonMobil to secure storage capacity in Singapore, alongside negotiations on refining and profit-sharing opportunities in the Asian market. SOMO Director General, Ali Nizar Al-Shatri (pictured), told state-owned Iraqi News Agency (INA) that the company is […]
Deal Signed to Drill Eight Wells in Naft Khana
By John Lee. The state-owned Midland Oil Company (MdOC) has announced the signing of a contract to drill eight wells (4+4) in the Naft Khana block in Diyala province. The deal was signed between NK Petroleum Limited, the block's operator, and a consortium comprising Zhongman Petroleum (ZPEC) and H&L Petroleum DMCC, which Iraq Business News […]
CBI, UNDP discuss Digital Economy and Banking Reform
By John Lee. The Central Bank of Iraq (CBI) Governor, Ali Mohsen Al-Allaq, met in Baghdad with Titon Mitra, the new Resident Representative of the United Nations Development Programme (UNDP) in Iraq. Talks focused on technical advisory cooperation regarding the regulatory framework for e-commerce, aiming to strengthen consumer protection and create a safe environment for […]
Kurdistan Region Oil Exports to Resume 'Soon': SOMO Chief
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Kurdistan Region oil exports to resume 'soon': SOMO chief The head of Iraq's State Oil Marketing Organization (SOMO) said on Monday that they are "working to implement the agreed-upon terms" to resume the Kurdistan […]
Dispatch from Basra: Glimpses of Hope in Iraq's Forgotten South
By Jon Wilks, 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. Dispatch from Basra: Glimpses of hope in Iraq's forgotten south There is perhaps nowhere else where the high hopes of the new Iraq were so dashed as in […]