US-Iraq Trade Falls 8% in 2024 to $12bn
By John Lee. The Office of the United States Trade Representative (USTR) has reported that U.S. goods and services trade with Iraq totalled an estimated $12.0 billion [IQD 15.7 trillion] in 2024, down 8.1 percent ($1.0 billion) [IQD 1.3 trillion] from 2023. Total U.S.-Iraq Trade (2024) Goods and services trade: $12.0 billion Change from 2023: […]
Seismic Survey Contract Signed for Al-Qarnain Exploration Block
By John Lee. Iraq's state-owned Oil Exploration Company and Al-Qarnain Petroleum, a subsidiary of China's ZhenHua Oil, have signed a contract for a two-dimensional seismic survey of the Al-Qarnain (Al-Quraynan) exploration block. Minister of Oil, Hayan Abdul Ghani, described the block as a promising oil and gas prospect on Iraq's border with Saudi Arabia. According […]
Dana Gas Half-Year Results
By John Lee. Dana Gas has announced its financial results for the half-year ended 30th June 2025, which included the following: Net Profit: AED 270 million ($73 million) in H1 2025, a 1% increase over H1 2024. Revenue: AED 627 million ($171 million) in H1 2025, down from AED 696 million ($190 million) in H1 […]
Iraq's Central Bank advances Digital Payment Transformation
By John Lee. Central Bank of Iraq (CBI) Governor, Ali Mohsen Al-Alaq, has outlined the Bank's progress in developing a secure and integrated electronic payment system, in line with international standards and best practices. Speaking at the Comprehensive Transformation to Electronic Payment Conference in Baghdad, he said the systems have improved the efficiency and reliability […]
How Internal Inertia, Regional Volatility Test Iraq's Finances
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. How internal inertia, regional volatility test Iraq's finances While the June 24 ceasefire between Tehran and Tel Aviv has eased immediate concerns, their confrontation laid bare structural flaws in Iraq's budgetary system and […]
Min. of Trade, ESCWA Discuss Support for SMEs in Iraq
By John Lee. Iraq's Ministry of Trade has held discussions with a delegation from the United Nations Economic and Social Commission for Western Asia (ESCWA) Technology Centre for Entrepreneurship to explore joint mechanisms for empowering small and medium-sized enterprises (SMEs) in Iraq. According to the Ministry's media office, Director General of the Private Sector Development […]
Strategic Gasoline Improvement Project in Kirkuk
By John Lee. Iraq's Deputy Prime Minister for Energy Affairs and Minister of Oil, Eng. Hayan Abdul Ghani, has visited the Hydrogenation and Gasoline Improvement Project in Kirkuk, currently being implemented by Al-Barham Company for Refining and Distribution of Petroleum Products for the North Refineries Company (NRC). The Minister reaffirmed the government's commitment to upgrading […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 7th 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 2,354.7 4.4% 4.7% RSISX USD Index […]
Tabaqchali: A Tour of Baghdad, Babylon, and Ctesiphon
By Ahmed Tabaqchali, Chief Strategist of AFC Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. "A tour of Baghdad, Babylon, and Ctesiphon" The market, as measured by the Rabee Securities U.S. Dollar Equity Index (RSISX USD Index), was up 1.3% for the […]
Chinese Firm Wins $2.5bn Iraq Seawater Pipeline Contract
By John Lee. China Petroleum Engineering Co. (CPECC) has announced that its wholly-owned subsidiary, China Petroleum Pipeline Engineering Co. (CPPE) has been awarded a major contract by Iraq's Basra Oil Company (BOC) for the Basra Province Seawater Transmission Pipeline EPC Project. The project, valued at $2.524 billion, includes the construction of trunk and branch pipelines […]
Iraq Amends Funding Structure for China Framework Agreement
By John Lee. The Iraqi Cabinet has approved amendments to its earlier decision (No. 229 of 2025) concerning the Iraq-China Framework Agreement. The revisions allow for the reallocation of project funding under the investment account of the agreement, based on proposals prepared by the Diwani Order Committee No. 23995 and in line with the Federal […]
Iraq "to Resume Oil Exports via Turkiye this week"
By John Lee. Iraq's Minister of Oil, Hayan Abdul Ghani, has reportedly announced that the country will resume crude oil exports through the Ceyhan pipeline to Turkiye either today (Wednesday) or tomorrow. Speaking during the inauguration of several oil station development and rehabilitation projects in Kirkuk, the Minister confirmed an initial export volume of 80,000 […]