Foundation Stone laid for Integrated Services Project in Maysan
By John Lee. The Governor of Maysan, Mr. Habib Dhahir Al-Fartousi, laid the foundation stone on Tuesday, 27 March 2025, for a new integrated services project in Al-Waraq Village, located in the Al-Majar Al-Kabir District. The initiative is part of the governorate's broader strategy to improve infrastructure and expand essential services in rural areas. The […]
New Partnership to Connect the Middle East and Europe via Iraq
By John Lee. Zain Omantel International (ZOI) has announced a partnership with Iraq's Horizon Scope Telecom and the Iraqi Telecommunications and Information Company (ITPC), a government-owned company under the Iraqi Ministry of Telecommunications. This partnership enables ZOI to create a digital telecommunications corridor stretching from the Middle East to Europe through Iraq, offering alternative terrestrial […]
IBBC calls for Sponsors for First Iraqi Equestrian Olympic Rider
From the Iraq Britain Business Council (IBBC): IBBC calls for sponsors for Zara Murad as she works to become the first ever Iraqi equestrian Olympic rider Zara Murad is a trailblazing equestrian with a historic mission: to become the first-ever equestrian rider representing Iraq at the Los Angeles Olympics 2028. As the first international dressage […]
World Bank Reaffirms Support for Iraq's Reform Agenda
By John Lee. In a meeting held on Tuesday, Iraq's Minister of Finance, Taif Sami Mohammed, welcomed a delegation from the World Bank's Environment Section, led by Regional Director Ms. Maskeren Bahraini, to discuss closer collaboration on financial reform and sustainable environmental development. The talks covered key World Bank projects focused on environmental protection and […]
US Reaffirms Support for KRG Energy Deals
By John Lee. The US State Department has reiterated its support for energy agreements between American companies and the Kurdistan Regional Government (KRG), following reports that Iraq's federal Ministry of Oil has filed lawsuits against two such deals. During a press briefing on May 27th, spokesperson Tammy Bruce stated that the United States supports economic […]
Dinar-Dollar Volatility: Seasonal and Structural Factors
By John Lee. A report by the Future Iraq Institute for Economic Studies and Consultations reportedly highlights significant fluctuations in the exchange rate of the Iraqi Dinar (IQD) against the US Dollar on the parallel market over the past two decades, driven by a mix of seasonal, political, and macroeconomic factors. Key factors cited in […]
Baghdad files Lawsuit against Erbil over Energy Deals
By Sinan Mahmoud for The National. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraqi Oil Ministry files lawsuit against Kurdish region over unilaterally signed energy deals The semi-autonomous region has signed multibillion-dollar agreements with US companies HKN Energy and WesternZagros to develop […]
Iraq Issues 165 New Industrial Project Licences in April
By John Lee. The Directorate General of Industrial Development, part of Iraq's Ministry of Industry and Minerals, issued 165 preliminary licences for new industrial projects across various sectors during April 2025. Director General Dr. Eng. Ali Ibrahim Janan stated that the approvals cover food, chemical, metal, construction, textile, and engineering industries. Baghdad led with 26 […]
Iraq and FAO launch $39m Climate Resilience Project
By John Lee. The Director-General of the Food and Agriculture Organization of the United Nations (FAO), Mr. QU Dongyu, has launched a $39-million project titled "Strengthening Climate Resilience of Vulnerable Agricultural Livelihoods in Southern Iraq" (SRVALI), in partnership with key Iraqi ministries. The launch took place in Baghdad during the 5th Baghdad International Water Conference. […]
Iraq launches Climate-Resilient Water Management Project
By John Lee. At the 5th Baghdad International Water Conference, Iraq and Germany officially launched the joint Climate-resilient Water Resource Management (CWRM) project-an initiative designed to address Iraq's deepening water crisis with sustainable and practical solutions. Implemented by the Ministry of Water Resources in cooperation with Germany's development agency, Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), […]
Al-Rida signs Agreement with Bahrain's Neo
From the Iraq Britain Business Council (IBBC): Al-Rida Company Signs Agreement with Bahrain's Neo Company IBBC member Al-Rida Company has signed a strategic partnership agreement with Neo Company from Bahrain during a ceremony held in Baghdad. The agreement aims to enhance cooperation in investment and development projects between the two companies. IBBC was represented at […]
Iraqi Cabinet Dismisses Transport Officials
By John Lee. Iraq's Council of Ministers has approved the findings of an investigative report into violations linked to the rehabilitation of Iraq's railway network, originally issued by the Federal Commission of Integrity on 4th July 2024. The decision was based on recommendations from Diwani Order Committee No. 7 of 2025. As a result, two […]