Iraqi Central Bank Rejects Rumours of New Dinar Rate
By John Lee. The Central Bank of Iraq (CBI) has firmly denied reports that it intends to change the exchange rate of the Iraqi dinar. In a statement, it said a forged document is being circulated claiming that the Prime Minister's office had submitted a request to the Finance Committee of the Council of Representatives […]
Communications Minister Meets Huawei to Discuss 5G Rollout
By John Lee. Iraq's Communications Minister, Mustafa Jabbar Sanad has chaired a meeting with Chinese telecoms firm Huawei to discuss the rollout of fifth-generation (5G) network technology in the country. According to the Ministry of Communications, the meeting, attended by senior ministry officials, reviewed the readiness of infrastructure for 5G services and followed up on […]
Transport Ministry Facilitates Basra-Shalamcheh Rail Project
By John Lee. The Minister of Transport, Wahab Al-Hussni, received the Spanish Ambassador, Alicia Rico, in Baghdad in what was described as her first official meeting with an Iraqi minister in the current government, following her earlier meeting with the Prime Minister Ali al-Zaidi. The discussions focused on the Basra-Shalamcheh railway project, which has been […]
Requirements Delay Mosul International Airport Opening
By John Lee. According to the Iraqi Civil Aviation Authority (ICAA), the opening of Mosul International Airport has been delayed due to several outstanding technical and operational requirements. The authority said it continues to monitor the project through regular field visits by technical teams and coordination with the Nineveh provincial administration and other relevant parties […]
New Cmte to Renew Kirkuk-Ceyhan Oil Pipeline Agreement
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq forms committee to renew Kirkuk-Ceyhan oil pipeline agreement Iraq has established a high-level committee to prepare a new draft agreement on the Kirkuk-Ceyhan oil pipeline as the current deal expires in July. Salim […]
World Bank Forecasts Iraq Growth Rebound in 2027
By John Lee. Real GDP in Iraq is expected to fall by 8.9 percent this year, according to the World Bank's latest Global Economic Prospects report. This represents a significant reduction on the previous forecast of 4.4 percent growth, issued one year ago. The report says: "The sharp slowdowns projected for Iraq, Kuwait, and Qatar will be […]
Iraq, US Outline Energy, Security and Investment Goals
Iraq and US Reaffirm Strategic Partnership, Eye White House Meeting in July Iraq-US Joint Statement Outlines Energy, Security and Investment Goals Chevron, Starlink and Pipeline Rehabilitation Among Priorities in Iraq-US Joint Statement By John Lee. Prime Minister Ali al-Zaidi and Tom Barrack, Special Presidential Envoy of President Trump, have reaffirmed the commitment of both governments […]
Starlink Seeks Licence to Operate in Iraq
By John Lee. According to the Ministry of Communications, Iraq's Communications Minister Mustafa Jabbar Sanad has chaired a video-conference meeting with Starlink to discuss the company's application for a licence to operate in Iraq. The Iraqi Communications and Media Commission (CMC) was represented at the meeting by its chairman, Baligh Abu Kalal. The minister said […]
Paris Meetings to Boost Iraq Private Sector Ties
By John Lee. Two economic meetings have taken place in Paris between a delegation of Iraqi companies and representatives of the French employers' association Mouvement des Enterprises de France (MEDEF) and the Organisation for Economic Co-operation and Development (OECD), aimed at strengthening trade and investment ties between Iraq's private sector and its French and international […]
Iraq's FTTH Internet Providers to Raise Speeds by 20%
By John Lee. Internet speeds for subscribers on fibre-to-the-home (FTTH) networks are to be increased by 20% at no additional cost, following an agreement reached between the ministry and private-sector operators. Communications Minister Mustafa Jabbar Sanad convened an expanded meeting with senior ministry staff, the General Company for Telecommunications and Informatics, and representatives of private-sector […]
Electricity Generation in Iraq Reaches 22,000 MW
By John Lee. According to the Ministry of Electricity, current electricity generation has reached around 22,000 megawatts, with governorate allocations calculated based on net generation after accounting for exemptions including government hospitals, water stations, losses, loads and auxiliary equipment. The ministry said allocations are distributed according to approved percentages set by the Higher Coordination Committee […]
Uzbekistan and Iraq Advance Economic Partnership Talks
By John Lee. Uzbekistan Prime Minister Abdullah Aripov received Iraqi Minister of Trade Dr Mustafa Nizar Al-Aani in Tashkent during Iraq's participation in the Fifth Tashkent International Investment Forum. According to the Ministry of Trade, Aripov confirmed Uzbekistan's interest in expanding economic and trade relations with Iraq, including completing procedures to establish the Joint Trade […]