Iraq Authorises Pipeline Extension Contract with SEPCOIII
By John Lee. The Iraqi Cabinet has authorised the Ministry of Electricity to sign an addendum with China's SEPCOIII [Electric Power Construction Corporation] for the construction of a dry gas pipeline supplying the Anbar Combined-Cycle Power Plant. The project involves a 250-kilometre pipeline, with the new addendum covering the construction of the section from the […]
Jordan and Iraq Extend Electricity Supply Agreement
By John Lee. Jordan's National Electric Power Company (NEPCO) has announced an agreement with Iraq to extend the electricity supply contract for one year. NEPCO's Director General, Dr. Sufyan Bataineh, confirmed that, at Iraq's request, the company will continue providing power from Jordan's grid to Iraq's Al-Rutba region until September 2026, or until the planned […]
DNO Increases Oil Production in Iraqi Kurdistan
By John Lee. Norway's DNO ASA has reported net production of 56,100 barrels of oil equivalent per day (boepd) from the Kurdistan Region of Iraq (KRI) in the second quarter of 2025, out of a company total of 92,600 boepd. Gross production was ramped up on a test basis to 55,000 boepd, split roughly evenly […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 21st Aug 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 2,297.6 -0.1% 2.1% RSISX USD Index […]
Iraq Targets $250bn in New Investments Over Two Years
By John Lee. The National Investment Commission (NIC) has announced plans to attract up to $250 billion in investments over the next two years, as part of efforts to diversify the economy and reduce reliance on oil revenues. NIC spokesperson Hanan Jassim told the state-run Iraqi News Agency (INA) that recent government reforms and legislative […]
Iraq Forms Team to Improve Sovereign Credit Rating
By John Lee. Prime Minister Mohammed Shiaa Al-Sudani has directed the formation of a joint national team to strengthen Iraq's financial and economic standing internationally. The team will be chaired by the Governor of the Central Bank of Iraq and include representatives from the Ministries of Finance, Oil, and Planning, along with specialised economic and […]
Iraq's Inflation Rate Drops Sharply
By John Lee. The Central Bank of Iraq (CBI) has reported a significant decline in the inflation rate, reflecting a drop in the general price level and an improvement in purchasing power for individuals and institutions. It said that inflation stood at 0.8 percent in the second quarter of 2025, representing a 76 percent decrease […]
Iraq Denies Vodafone Contract Claims
By John Lee. The Ministry of Communications has denied reports of an investment contract with British company Vodafone, stressing that no agreement has been signed to date. Omar Abdul Razzaq Musaheb (pictured), Official Spokesperson for the Ministry of Communications, confirmed in a statement that procedures for establishing the national mobile licence project are still underway, […]
The Impact of Agricultural Policy on Food Security in Iraq
By Dr. Hussein Mishbak, for the Institute of Regional and International Studies (IRIS) at the American University of Iraq, Sulaimani (AUIS). The opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Assessing the impact of agricultural policy on food security in Iraq: the case of Dhi […]
Iraq's Central Bank Reports 55% Growth in Gold Reserves
By John Lee. The Central Bank of Iraq (CBI) has reported a significant increase in its gold reserves, which form a key component of the country's foreign reserves. During the second quarter of 2025, gold reserves reached 22.8 trillion dinars [$17.4 billion], marking a 55 percent rise compared to 14.7 trillion dinars recorded in the […]
Chevron Returns to Iraq with Oil Exploration Agreement
By John Lee. Prime Minister Mohammed Shiaa Al-Sudani has overseen the signing of a principles agreement between the Ministry of Oil and US oil company Chevron for the development of several oil projects in Iraq. The agreement covers the Nasiriyah Project, consisting of four exploration blocks, the development of the Balad oil field, and other […]
Iraqi Central Bank Reduces Supply of Dinars
By John Lee. The Central Bank of Iraq (CBI) has reported a decline in issued currency, contributing to lower inflation rates and supporting price stability. In the second quarter of 2025, issued currency amounted to 98.4 trillion dinars [$75.1 billion], reflecting a 3.8 percent decrease compared to 102.3 trillion dinars in the same period of […]