Iraq Sets Conditions for Reopening Applications for Bismayah Housing Units
By John Lee. The National Investment Commission (NIC) has reportedly announced that applications for housing units in the Bismayah Residential Project will reopen only after the resumption of work by South Korea's Hanwha Engineering & Construction, the company contracted to complete an additional 70,000 housing units under a new phase of the project. NIC spokesperson […]
OPEC SG to Attend Baghdad International Energy Forum
By John Lee. The Ministry of Oil has announced that the upcoming Baghdad International Energy Forum will feature high-level participation, including a keynote address by OPEC Secretary General Haitham Al Ghais. The event is scheduled to take place in Baghdad on 6-7 September. Senior energy ministers from friendly and partner nations, top government officials, and […]
Atlantic Council announces New Head of Iraq Initiative
From the Atlantic Council: The Atlantic Council announced that Victoria J. Taylor, former deputy assistant Secretary of State for Iraq and Iran, will be the new director of the Iraq Initiative within its Middle East Programs. Taylor brings a distinguished background as a national security leader with over two decades of experience in the Middle […]
HRW: Damage to Kurdistan Oil Fields Puts Rights at Risk
From Human Rights Watch (HRW). Any opinions expressed are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq: Damage to Kurdistan Region Oil Fields Puts Rights at Risk Drone strikes on five oil fields in the Kurdistan Region of Iraq (KRI) by unknown groups between July 14 and […]
Iraqi Dinar Prospects: Reality Check After Six Months of Trump
By Guest Blogger. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraqi Dinar Prospects: Reality Check After Six Months of Trump Six months into Donald Trump's return to the presidency, the Iraqi dinar finds itself at a crossroads between economic fundamentals and persistent speculation. […]
Iraqi Drilling Company to Spend $172m on New Equipment
By John Lee. The Iraqi Drilling Company (IDC) is set to expand its operations following a high-level meeting chaired by Bassem Mohammed Khudair, Deputy Minister of Oil for Upstream Affairs, at the company's headquarters. The session was held in line with directives from Deputy Prime Minister for Energy Affairs and Minister of Oil, Hayan Abdul […]
Sanofi Discusses Collaboration on Biotech and Pharma in Iraq
By John Lee. The Iraqi Ministry of Health has held high-level discussions with a delegation from French pharmaceutical company Sanofi, aimed at strengthening collaboration on biopharmaceutical development, healthcare capacity-building, and policy modernisation. The meeting was chaired by Health Minister Dr. Saleh Mahdi Al-Hasnawi, who welcomed Sanofi's delegation led by Dr. Rami Nassar. The minister emphasised […]
Successful Mangrove Cultivation on Shatt al-Arab Coast
By John Lee. The Ministry of Agriculture has announced the successful cultivation of mangrove trees along the Shatt al-Arab coastline in the Ras al-Bisha area of Basra province. The initiative, led by the Basra Directorate of Agriculture, was fully supported by the Ministry, which facilitated all necessary requirements for its implementation. Dr. Lubna Ali, Head […]
Iraq announces Oil Exports for June
By John Lee. Iraq's Ministry of Oil has announced finalised oil export volumes for June. Total exports of crude oil: 98,882,613 barrels. Exports from the oil fields in central and southern Iraq amounted to 97,718,994 barrels. Exports to Jordan amounted to 216,878 barrels. Exports from Qayyarah were 946,741 barrels. Average daily crude oil exports: approximately […]
Iraqi Planning Ministry Explores "Dollar Journey" in Iraqi Economy
By John Lee. The Ministry of Planning has hosted a consultative session on the "Journey of the Dollar in the Iraqi Economy: Between Monetary Policy and the Market." Organised by the Department of Economic and Financial Policies, the session brought together department heads and staff to analyse the sources, flows, and impact of foreign currency-primarily […]
Iraq to produce 12GW of Solar Power by 2030
By John Lee. The Iraqi Oil Ministry's Undersecretary for Distribution Affairs, Ali Maarij, has said that Iraq aims to incorporate 12 Gigawatts (GW) of solar power into its energy mix by 2030, alongside intensified efforts to capture natural gas and reduce flaring. He made the comments at a ceremony to launch a major new report […]
Cabinet Approves Plan for Global Gold City in Baghdad
By John Lee. The Ministerial Council for the Economy has approved a proposal by the Ministry of Trade to establish a "Global Gold City" in Baghdad - a strategic initiative aimed at localising the gold and jewellery industry in Iraq and strengthening domestic production. Trade Minister Dr. Athir Daoud Al-Ghurairi described the project as a […]