Iraq's Real Estate Bank Outlines Strategic Plan for 2025
By John Lee. The Real Estate Bank of Iraq has unveiled its strategic plan for 2025, focusing on expanding financial services, digital transformation, and green financing. Director General Abbas Shihab Al-Jawahiri chaired a meeting with department heads, branch managers, and unit officials to review progress in 2024 and set priorities for 2025. According to a […]
Iraq Reports 22% Growth in Tax Revenues
By John Lee. Iraq's Higher Committee for Tax Reform has announced a 22-percent increase in tax revenues, reaching IQD 4 trillion [$3 billion] in 2024, as the country moves towards digitising its tax system to address name duplication issues and improve efficiency. According to state-run Iraqi News Agency (INA), Khalid Al-Jabri, a committee member, stated […]
Third Phase of Al-Rasheed Street Rehabilitation
By John Lee. Prime Minister Mohammed S. Al-Sudani chaired a special meeting on Monday to review progress on the third phase of the Al-Rasheed Street rehabilitation project. The session included the Governor of the Central Bank of Iraq (CBI) and representatives from the Iraqi Private Banks League (IPBL), reflecting the government's commitment to restoring Baghdad's […]
Iraq pushes EU to lift Ban on Iraqi Airways
By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani met on Sunday with a delegation from the International Air Transport Association (IATA), led by Kamel Al-Awadi, IATA's Vice President. The discussions focused on Iraq's ongoing efforts to end the European Union's airspace ban on Iraqi Airways, as well as the progress of the government's corrective […]
APIKUR calls for Written Sales and Lifting Agreements
By John Lee. The Association of the Petroleum Industry of Kurdistan (APIKUR) has said its member companies are ready to restart oil exports from Iraqi Kurdistan once agreements are in place. In a statement on X, the association called for written sales and lifting agreements with Baghdad and Erbil ensuring payment transparency and protection from […]
Iraqi Ministers attend IBBC's largest Baghdad Conference
From the Iraq Britain Business Council (IBBC): Iraq's ministers attend IBBC's largest Baghdad conference 2025 The IBBC held its Bagdad conference dedicated to 'Delivering Innovation' at the behest of the Prime Minister Mr Al Sudani. It has been 6 years since IBBC members last held a conference of this magnitude in Iraq with key Government […]
PM Chairs Meeting on Development Projects in Kadhimiya
By John Lee. Prime Minister Mohammed S. Al-Sudani chaired a special meeting on Thursday to review and follow up on the implementation of development projects in Al-Kadhimiya. The session assessed completed service projects and ongoing infrastructure developments, including the construction of 38 new school buildings and the rehabilitation of dozens of existing schools. Discussions covered […]
Erbil Airport Launches Direct Flights to Athens
By John Lee. On Sunday, Erbil International Airport (EIA) marked the departure of its first direct flight to Athens, operated by Aegean Airlines. The launch event was attended by Nikolaos Stergioulas, Greek Consul General in the Kurdistan Region, and Ahmed Hoshyar, Director of Erbil International Airport. Consul General Stergioulas and Mr. Hoshyar highlighted the strategic […]
UNDP: Progress in Prosecutions, Need for Continued Justice Reform
From the UNDP: UNDP's Report Signal Progress in Prosecutions, Stronger Convictions, and the Need for Continued Justice Reform The United Nations Development Programme (UNDP), in partnership with Iraq's Supreme Judicial Council and with the generous support of the European Union, launched the Second Trial Monitoring Report, a comprehensive view of Iraq's progress in tackling high-level […]
Baghdad Confirms Resumption of Kurdistan Oil Exports
By John Lee. The Federal Ministry of Oil has confirmed the completion of procedures for resuming the export of oil produced in the Kurdistan Region through Ceyhan Port (pictured), in accordance with the mechanisms outlined in the Budget Law and its amendments and within Iraq's OPEC production quota. In a statement on Saturday, the Ministry […]
Iraq's Development Road has Erbil's 'Complete Support'
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq imports over 50 kilograms of gold daily: Ministry Iraq's Development Road has Erbil's "complete support," President Nechirvan Barzani said in Baghdad on Saturday, despite objections that it bypasses the Kurdistan Region. Click here […]
Iraq Approves Qayara Power Plant Conversion Contract
By John Lee. Iraq's Council of Ministers has approved the conversion of the Qayyarah [Qayara] Gas Power Plant from simple-cycle to combined-cycle operation. According to a statement from the Prime Minister's Office, the State Company for Northern Electricity Production has been authorised to award the contract to 'ARGAN INT', following the completion of procedural requirements. […]