"Catch 16" and the Resumption of Oil Exports from Kurdistan
By Ahmed Tabaqchali, Chief Strategist of Asia Frontier Capital (AFC) Iraq Fund, for the London School of Economics (LSE) Middle East Centre. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Catch 16: The Issue Bedevilling the Resumption of Crude Exports through the Iraq-Türkiye Pipeline […]
Baghdad and Erbil Exchange Sharp Words over Oil Revenue Dispute
By John Lee. Iraq's federal Ministry of Oil and the Kurdistan Regional Government (KRG) have issued competing statements over the longstanding dispute regarding oil production and revenue sharing, highlighting the continued impasse that has cost the country billions of dollars in lost exports. Federal Government Position The federal Ministry of Oil in Baghdad has demanded […]
Businessmen Arbitrarily Detained in Iraq Released
By John Lee. Ireland's Tánaiste (Deputy Prime Minister) and Minister for Foreign Affairs, Simon Harris, has confirmed the release on bail of Robert Pether, an Australian engineer resident in Ireland, who has been imprisoned in Iraq since 2021. The announcement comes following a phone call from Iraq's Foreign Minister, Fuad Hussein, who personally informed the […]
Iraq Explores Green Hydrogen and Blue Ammonia
By John Lee. The National Investment Commission (NIC) held a high-level meeting recently to discuss investment opportunities in the production of green hydrogen and blue ammonia, aligning with Iraq's broader strategy to diversify its energy sources and shift towards clean and renewable alternatives. NIC Chairman Dr Haider Muhammad Makiyya, who chaired the meeting, stated that […]
Launch of Canada-Kurdistan-Iraq Business Council
By John Lee. During the launch of the Canada-Kurdistan-Iraq Business Council in Erbil, the Chairman of the National Investment Commission (NIC), Dr. Haider Muhammad Makiyya, underscored the importance of expanding economic partnerships as a foundation for stable national economies. Dr. Makiya revealed that Iraq had attracted over $90 billion in investment over the past two […]
Iraq celebrates launch of TIR System
By John Lee. With the TIR system now live in Iraq since April 2025, the Minister of Transport and industry leaders officially marked this milestone this week in Baghdad, signalling a new era for international logistics and trade. The official launch of the global TIR transit system in Baghdad brought together the public and private […]
$21m Upgrade of Aqrah-Qandil Road
By John Lee. The Kurdistan Regional Government (KRG) has begun work on expanding and upgrading the 30-kilometre road Aqrah [Akre] to Qandil into a dual-lane highway at a cost exceeding 28 billion Iraqi dinars [$21 million]. The project, expected to be completed within two years, links the sub-districts of Bajil and Dinarta, passing through 25 […]
Central Bank signs Training Agreement with British Council
By John Lee. Under the patronage of His Excellency Ali Mohsen Al-Alaq, Governor of the Central Bank of Iraq (CBI), a training cooperation agreement was signed between the CBI and the British Council, in the presence of UK Ambassador to Iraq, Mr. Irfan Siddiq. The agreement was signed by Dr. Falah Salim, Director of Human […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 5th June 2025. Please click here to view a table of listed companies and their associated ticker codes. Note: ISX will be closed starting from Jun. 8, 2025 (Sunday) to Jun. 10, 2025 (Tuesday) due to the religious holiday of Eid Al-Adha. […]
IBBC Holds Successful Spring Conference at the Mansion House
From the Iraq Britain Business Council (IBBC): IBBC Holds Successful Spring Conference at the Mansion House IBBC hosted over 250 members, businesses and government officials for its 13th Mansion House conference on 2-3 June. IBBC President Baroness Nicholson welcomed the delegates, in particular the Ministers and official government guests from Iraq, led by Deputy Prime […]
Turkish Firm to Double Electricity Interconnector Capacity to Iraq
By John Lee. Iraq's Minister of Electricity, Ziyad Ali Fadel, has overseen the signing of a new contract with Turkish company Alifrin to double the capacity of the Iraq-Turkey electricity interconnection line from 300 to 600 megawatts. Under the agreement, the first phase will see the supply of 300 MW via the Jazira-Kesk 400kV line […]
Germany Supporting Iraq's Lending Strategy for SMEs
By John Lee. Under the patronage of Central Bank Governor Ali Mohsen Al-Allaq, a workshop has been launched to support the implementation of the bank's new strategy to increase private sector lending, with a focus on small and medium-sized enterprises (SMEs). In his opening remarks, Governor Al-Allaq emphasised the bank's commitment to addressing challenges in […]