US Sanctions on Iran "Derail Crucial Iraq-Turkmenistan Gas Deal"
From Kurdistan24. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. U.S. Sanctions on Iran Derail Crucial Iraq-Turkmenistan Gas Deal The U.S. opposes the Turkmenistan-Iraq gas deal as it routes gas via Iran, allowing Tehran to keep a share as a transit fee and profit […]
Iraq Moves to Boost Non-Oil Revenues
By John Lee. Prime Minister Mohammed Shiaa Al-Sudani chaired a meeting on Sunday to discuss strategies for increasing Iraq's non-oil revenues and strengthening state finances. Attendees included the Minister of Finance, Minister of Trade, the Mayor of Baghdad, the Governor of the Central Bank of Iraq (CBI), and senior advisers and directors. The discussions focused […]
Iraq Approves Housing Projects in Baghdad
By John Lee. Prime Minister Mohammed Shiaa Al-Sudani chaired a meeting of the Higher Committee for Reconstruction and Investment on Sunday, focusing on major housing initiatives in Baghdad. The meeting reviewed the economic model for the New Sadr City project, which in its first phase will deliver 11,000 housing units, alongside commercial areas, green spaces, […]
Kurdistan Region Electricity Reform and the "Runaki" Project
By Mohammed Hussein, 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. Kurdistan Region Electricity Reform and the "Runaki" Project The Kurdistan Region of Iraq (KRI) has struggled […]
Iraq Expands Youth Loan Programme under 'Riyada' Initiative
By John Lee. Prime Minister Mohammed Shiaa Al-Sudani chaired a meeting on Sunday to follow up on the implementation of the government's "Riyada" initiative and the disbursement of youth loans for qualified applicants. Al-Sudani highlighted the initiative's positive reception among young people, describing it as a foundation for a new labour market reality, encouraging private […]
Turkiye Proposes New Agreement on Iraq-Turkiye Oil Pipeline
By John Lee. Turkey's Minister of Energy and Natural Resources, Alparslan Bayraktar, has said that Ankara has proposed a new draft agreement to Iraq regarding the Iraq-Turkiye Oil Pipeline (ITP). In an interview with Sky News Arabia, Bayraktar noted that while the pipeline has a capacity of 1.5 million barrels per day, it has never […]
US Firm to Strengthen Financial Compliance in Iraq
By John Lee. Iraq's Rafidain Bank has signed a professional partnership agreement with U.S.-based consultancy K2 Integrity (K2i), during a ceremony hosted by the Embassy of the Republic of Iraq in Washington. The agreement is grounded in Iraqi Cabinet Resolution No. (23274) of 2023. K2 Integrity will deliver a wide range of services, including anti-money laundering […]
Tabaqchali: Iraq's Power Conundrum
By Ahmed Tabaqchali, 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. Iraq's Power Conundrum This paper aims to unpack Iraq's power conundrum first by reviewing the deficiencies […]
Two Companies compete for Iraq LNG Import Terminal Project
By John Lee. The Iraqi Ministry of Oil has confirmed that it is going ahead with the floating terminal project for importing liquefied natural gas (LNG), stressing its importance for securing electricity generation. The Ministry said that the Council of Ministers and the Ministerial Energy Council have approved implementation mechanisms, including inviting six companies to […]
Apex Health to Develop 400-Bed Baghdad International Hospital
By John Lee. Apex Health, a subsidiary of Qatar's Estithmar Holding, has announced that it has obtained an investment licence from Iraq's National Investment Commission (NIC) to develop a 400-bed private hospital in Baghdad's Al-Zaafaraniyah district (formerly Al-Rashid Camp). The new facility, to be named Baghdad International Hospital, will be built on a 100,000-square-metre riverside […]
Supporting Displaced Iraqis with Loans and Training
By John Lee. Central Bank of Iraq (CBI), in cooperation with the International Labour Organization (ILO), the Iraqi Company for Bank Guarantees (ICBG), and several Iraqi banks, has provided significant financial and training support to displaced persons and host communities in Nineveh and Duhok governorates under the Afaaq programme. The initiative has since been replicated […]
UN in Iraq publishes Annual Results Report 2024
By John Lee. The United Nations (UN) in Iraq has published its Annual Results Report 2024. The United Nations Country Team (UNCT) in Iraq, composed of 23 UN agencies, funds and specialized programmes, is dedicated to supporting Iraq's journey towards achieving the Sustainable Development Goals (SDGs). Guided by the principle of leaving no one behind, […]