Dana Gas Reports 47% Increase in Net Profit
By John Lee. Dana Gas has reported a net profit of AED 393 million ($107 million) for H1 2026, a 47% year-on-year increase. Regarding operation in the Kurdistan Region of Iraq (KRI), the company said: "Khor Mor began the year at record production levels, with output exceeding 700 MMscf/d and Group production reaching 70 kboepd. […]
Apple Officially Registered as Digital Platform Provider in Iraq
By John Lee. US tech giant Apple has been officially registered as an accredited digital platform provider in Iraq, following completion of all requirements under the country's regulatory framework for digital platforms and services. According to the Communications and Media Commission (CMC), the accreditation covers Apple's App Store, Apple Music, Apple Podcasts, Apple Arcade, and Apple […]
Turkish Firm signs MoU for Smart Water Management
By John Lee. A memorandum of understanding (MoU) on smart water resource management has been signed between Iraq's Ministry of Water Resources and Turkish firm Kolaysoft. The agreement was signed by Minister Muthanna Ali Mahdi Al Tamimi. According to the Ministry of Water Resources, the MoU provides a framework for cooperation on smart water management, […]
Tabaqchali: Oil Deals Galore and a Diminishing Perceived Risk Premium
By Ahmed Tabaqchali, Chief Strategist of AFC Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Oil Deals Galore and a Diminishing Perceived Risk Premium The market, as measured by the Rabee Securities U.S. Dollar Equity Index (RSISX USD Index), closed the month […]
Hanwha Discusses Progress of Bismayah Project
By John Lee. Progress on the Bismayah housing project and outstanding funding issues were discussed at a meeting between Iraq's National Investment Commission (NIC) and representatives of South Korea's Hanwha. NIC Chairman Adel Dakhil Muhammad al-Yasiri received Hanwha's project representative, Yong Jae Park, along with his delegation on Wednesday. Al-Yasiri stated that he was fully […]
Iraqi State Drug Firm Wins Case Against Jordanian Supplier
By John Lee. A Jordanian court has ordered a Jordanian company to pay damages to the General Company for the Pharmaceutical Industry and Medical Supplies in Samarra, following a contract dispute over non-compliant medical equipment covers. According to the Iraqi Ministry of Justice, the Legal Department pursued the case after the Jordanian supplier failed to […]
Rise in Aviation Traffic over Iraqi Airspace in July
By John Lee. Use of Iraqi airspace rose by 26.8% in July 2026 compared with June, according to the Ministry of Transport. Ali Naama, head of the Air Traffic Management Department, attributed the increase to reduced regional tensions, the reactivation of a number of air routes, and the opening of new ones during the period. […]
Al-Qaim Cement Plant Exports to Syria as Full Capacity Reached
By John Lee. The Al-Qaim cement plant in Anbar province has reached its full design capacity of 840,000 tonnes of resistant cement per year, with monthly production of 70,000 tonnes. According to the Ministry of Industry and Minerals, exports to Syria are running at 7,500 tonnes per month. General Company for Iraqi Cement said the […]
Iraq-South Korea Joint Committee Meeting
By John Lee. A preparatory meeting has been held for the Iraqi side of the tenth session of the Iraqi-South Korean Joint Committee. The meeting was chaired by Shoorsh Khalid Saeed, Deputy Minister of Foreign Affairs for Legal and Multilateral Affairs, with participation from representatives of relevant ministries and sectoral bodies, the Iraqi Embassy in […]
Iraq to Start Work on First Rail Link to Iran
By Nadim Kawach, for Arabian Gulf Business Insight (AGBI). Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq to Start Work on First Rail Link to Iran Iraq is preparing to start work on its first direct railway link with Iran after completing […]
US Packs Up Air Defenses as Withdrawal Deadline Looms
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. US Packs up Last Iraqi Air Defenses as Withdrawal Deadline Looms Nearly two months ahead of its anticipated Sept. 30 withdrawal deadline, the United States has begun packing up its air defenses in […]
Iraq LNG Terminal on Track for Q2 2027
By John Lee. Iraq's first LNG import terminal is expected to commence operations in the second quarter of 2027, according to US-based Excelerate Energy. In its financial results for the second quarter ended June 30, 2026, the Texas-based company said engineering and procurement activities are nearing completion, site clearance and dredging are under way in […]