Iraq Sets Date for Parliamentary Elections
By John Lee. Based on a letter from the Independent High Electoral Commission (IHEC), and following its technical and legal assessment, the Council of Ministers has voted to hold Iraq's parliamentary elections on 11th November 2025. Prime Minister Mohammed S. Al-Sudani emphasised the government's commitment to supporting the electoral process by ensuring all necessary preparations […]
How Iraq is Modernising and Diversifying its Growing Economy
From the Iraq Britain Business Council (IBBC): How Iraq is Modernising and Diversifying its Growing Economy For the last three years Iraq has enjoyed relative stability, good oil prices and a growing economy. For those who invested in the Iraqi stock market, returns of over 100% are common and GDP in 2025 is estimated to […]
New App to Streamline LPG Cylinder Delivery in Iraq
By John Lee. Iraq's Oil Products Distribution Company has launched a new mobile application called "Qanini" to simplify and accelerate access to liquefied petroleum gas (LPG) cylinders at the official price of IQD 6,000. The company's Director General, Hussein Talib, stated that the app represents a digital transformation aligned with the government programme and the […]
Cave Restoration Project Completes First Phase in Duhok
By John Lee. The first phase of the restoration of Charsteen Cave, a major archaeological and touristic site in the Kurdistan Region, has been completed. The work, costing approximately $1 million, was funded jointly by the European Union, UNESCO, the International Labour Organization (ILO), and the Kurdistan Regional Government. Located in Gali Duhok, south of […]
Iraq Launches Permanent Council for Private Sector Development
By John Lee. Prime Minister Mohammed S. Al-Sudani has launched the operations of the Permanent Council for the Development of the Private Sector in Iraq. The initiative aims to strengthen the role of the private sector in the national economy and address key legislative and institutional barriers. Prime Minister Al-Sudani highlighted the Council's responsibility to […]
Iraqi PM Launches Ambitious Banking Sector Reform
By John Lee. Prime Minister Mohammed Shia' Al-Sudani addressed the Conference on Reforming the Iraqi Banking Sector on Monday, outlining an ambitious agenda to modernise Iraq's financial infrastructure and promote sustainable economic development. Key initiatives and achievements highlighted in the Prime Minister's address include: Implementation of a three-year national budget, enabling long-term planning and strategic […]
New Fuel Oil Pipeline to Samawah Power Plant
By John Lee. In line with the directives of Deputy Prime Minister for Energy Affairs and Minister of Oil Hayan Abdul Ghani, Iraq's Oil Pipelines Company has announced the successful operation of a new fuel oil pipeline connecting Samawa Refinery to the Samawa Combined Cycle Power Plant. According to the company's Director General, Ali Abdul […]
"No Significant Barriers" to Kurdish Oil Exports: Baghdad
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. No significant barriers left to resume Kurdish oil exports: Baghdad Iraq's oil ministry said on Monday that there are no major obstacles remaining to resume Kurdish oil exports via the Iraq-Turkey pipeline and only […]
Iraq considers Smart Meters for Water Management
By John Lee. Professor Dr. Mahmoud Saleh Al-Khafaji of the Department of Water Resources Engineering at the University of Baghdad chaired a meeting organised by the Prime Minister's Office Adviser for Scientific, Academic, and Artificial Intelligence Affairs to explore smart digital solutions for water system management in Iraq. The session featured presentations on advanced technologies, […]
Tariffs: PM Orders Review of US-Iraq Trade Relations
By John Lee. Prime Minister Mohammed S. Al-Sudani chaired a high-level meeting on Saturday to assess the economic and trade impact of the United States government's decision to raise customs tariffs on imports from multiple countries, including Iraq. The discussion addressed potential effects on global markets, crude oil prices, and Iraq's domestic economy. According to […]
Tabaqchali: Tariffs, Oil Prices, and the Budget
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. Tariffs, Oil Prices, and the Budget The market, as measured by the Rabee Securities U. S. Dollar Equity Index (RSISX USD Index), was up 1.6% for the […]
OPEC+ Confirms Iraq Oil Output Increase
By John Lee. Eight key members of the OPEC+ alliance, including Iraq, have agreed to increase production starting in May 2025, citing healthier global market fundamentals and a positive outlook. At a virtual meeting held on 3 April 2025, the countries reviewed market conditions and confirmed they would implement a 411,000 barrels per day (bpd) […]