US Sanctions Iraqi-British National for Smuggling Iranian Oil
By John Lee. The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has announced sanctions targeting networks involved in transporting and purchasing Iranian oil, including a group of companies led by Iraqi businessman Salim Ahmed Said. The U.S. alleges that Said's network smuggled Iranian oil disguised as, or blended with, Iraqi oil, […]
New President of Federal Supreme Court is Sworn In
By John Lee. Judge Munther Ibrahim Hussein has been officially sworn in as President of Iraq's Federal Supreme Court (FSC) during a ceremony at Baghdad Palace, overseen by President Abdul Latif Jamal Rashid. President Rashid congratulated Judge Hussein and wished him success in his new role. He reaffirmed his support for the Court's independence and […]
A Thirst for New Art is emerging in Iraq
By Melissa Gronlund for The Art Newspaper. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. As Iraq's economy shows signs of recovery, a thirst for new art is emerging A new generation of artists, collectors and educators is tapping into the country's desire to […]
Iraq-Lebanon Oil Link to be Revived?
By Dana Taib Menmy for The New Arab. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Is the revival of the Iraq-Lebanon oil link just a pipe dream? The proposal has been raised multiple times over the past few years in talks between successive […]
Iraqi Drilling Company completes 113 Oil Wells in H1 2025
By John Lee. The Iraqi Drilling Company (IDC) has announced the completion of drilling and rehabilitation operations on 113 oil wells during the first half of 2025. The company's teams successfully drilled 27 new wells and rehabilitated 86 existing ones, contributing to the Ministry of Oil's objectives of boosting production levels and improving oilfield efficiency. […]
Iraq's Democracy "at Crossroads" as Parliamentary Polls Near
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq's democracy at crossroads as parliamentary polls near As anticipation rises ahead of Iraq's parliamentary elections in November, so is deep seated concern that the polls could upturn the fragile recovery of the economy […]
Land Allocated for Economic City in Partnership with Elsewedy Electric
By John Lee. The Iraqi Cabinet has approved the allocation of part of plot (1/89, District 14, Al-Haswa), currently owned by the Ministry of Finance and designated for the Ministry of Defence, based on the Defence Ministry's actual land needs. A total of 2,400 dunams will be allocated to the Iraq Development Fund to contract […]
Iraq, Bulgaria sign MoU to Boost Agricultural Cooperation
By John Lee. Iraq's Minister of Agriculture, Dr. Abbas Jabr Al-Maliki, has signed a Memorandum of Understanding (MoU) with his Bulgarian counterpart, Dr. Georgi Tahov, to strengthen cooperation in the agricultural sector. The official meeting, held in Sofia and attended by Iraq's Ambassador to Bulgaria H.E. Lina Omar, focused on deepening collaboration in livestock development, […]
Oil Exploration Company Completes 2D Survey in Nineveh
By John Lee. Iraq's Oil Exploration Company (IEC) has successfully completed the two-dimensional "Hadhab" seismic survey in Nineveh province. The project, carried out by the Eighth Seismic Team of the Field Operations Directorate, covered 1,691.9 km and included 33,876 energy points. According to a statement from the Ministry of Oil, this was accomplished despite challenging […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 3rd July 2025. Please click here to view a table of listed companies and their associated ticker codes. Note: ISX will be closed on July 6, 2025 (Sunday) due to a religious holiday (10th Day of Muharram "Ashura"). The next trading session […]
Counterfeit Iraqi Dinars: Central Bank Hosts Workshop
By John Lee. The Central Bank of Iraq (CBI) has held a three-day training workshop in Erbil on the "Core Standards for Detecting Counterfeit Currency," in collaboration with its branch office in the Kurdistan Region. Organised by the CBI's Banking Studies Center, the workshop runs from 1st to 3rd July 2025 and includes participation from […]
Iraqi Oil Minister Meets Russian Energy Delegation
By John Lee. Iraq's Minister of Oil, Hayan Abdul Ghani, held talks in Baghdad on Wednesday with Russian Ambassador Elbrus Kutrashev and a delegation from Russian energy giant Lukoil. The meeting focused on strengthening cooperation between Iraq and Russia in the oil, gas, and energy sectors. Also in attendance were Bassem Mohammed Khudair, Undersecretary for […]