Japanese Coffee Brand Expands to Iraq
By John Lee. Japan's specialty coffee brand % Arabica has reportedly signed a master franchise agreement with Dubai-based Al-Handal International Group, paving the way for its Iraq launch. Key Details: First Iraq Store: Expected to open in Baghdad by late 2025, with further expansion in 2026. MENA Growth: Iraq becomes the 10th regional market for […]
BP's "High-Stakes" Return to Kirkuk
By Shahriar Sheikhlar for OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. BP's High-Stakes Return to Kirkuk BP's reemergence in Kirkuk could present significant challenges to both the oil company and Al-Sudani's belief in the future of the country's political environment. The coming […]
Iraq Approves Master Plan for New Military Housing City
By John Lee. Minister of Construction, Housing, and Municipalities, Benkin Rikani, in the presence of Defence Minister Thabit Al-Abbasi, has approved the master plan for a new residential city in Baghdad dedicated to Iraqi Army personnel. The project, designed to modern urban standards, will feature over 114,000 housing units. It will also be connected to […]
Iraq Imports over 50Kg of Gold Daily: Ministry
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 imports between 50 to 75 kilograms of gold daily excluding the Kurdistan Region, the planning ministry said on Wednesday, adding that gold imports are […]
Iraqi-Egyptian Economic Forum to Strengthens Trade, Investment
By John Lee. Prime Minister Mohammed S. Al-Sudani and Egyptian Prime Minister Dr. Mostafa Madbouly participated in the Iraqi-Egyptian Economic Forum, attended by 300+ business leaders from both nations. Key Highlights: Economic & Historical Ties: PM Al-Sudani emphasized Iraq and Egypt's long-standing relations and the potential for expanded private sector cooperation. Reform-Driven Investment: Iraq's banking, […]
Report: China in Iraq
By Ingrid d'Hooghe, Vera Kranenburg, and Erwin van Veen, for The Clingendael Institute. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. China in Iraq The main objective of China's engagement in Iraq is to ensure a reliable flow of oil that diversifies Beijing's imports […]
Iraq Receives New Patrol Boats from ENM Korea
By John Lee. Lieutenant General Mazin Abdulwahid Kbian, Commander of the Iraqi Navy, oversaw the delivery of three patrol boats from ENM Korea during a visit to Umm Qasr Naval Base on 25th January 2025. According to a statement from the Iraqi Ministry of Defense, these high-specification vessels, equipped with advanced surveillance and communication systems, […]
UK Fire Engines to Modernise Iraqi Fleet
By John Lee. The United Kingdom is supporting Iraq's emergency services through a major export deal, enabling the Iraqi Ministry of Interior to purchase 62 British-made fire engines with a $31 million loan from UK Export Finance (UKEF). The units will be supplied by two companies: Emergency One, based in Ayrshire, Scotland, will supply MAN […]
New Submarine Comms Cable to Serve Iraq
By John Lee. Qatar-based Ooredoo Group has partnered with France's Alcatel Submarine Networks (ASN) to build the Fibre in Gulf (FIG) submarine cable. The cable, connecting Qatar, Oman, the UAE, Bahrain, Saudi Arabia, Kuwait, and Iraq, will have a capacity of up to 720Tbps with 24 fibre pairs. Ooredoo said in a statement that the […]
Defense Contractor Petitions US Supreme Court in Legal Battle with Iraq
By John Lee. Defense contractor Wye Oak Technology has petitioned the U.S. Supreme Court to review its long-running legal dispute with the Republic of Iraq, according to a docket filed earlier this month. The case stems from a ruling by the U.S. Court of Appeals for the District of Columbia Circuit in July 2024, overturning […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 30th January 2025. Please click here to view a table of listed companies and their associated ticker codes. RSISX Index Change RSISX Index Closings Change (w/w) (%) Change (YTD) (%) RSISX IQD Index 2,217.8 -1.0% -1.4% RSISX USD Index […]
Egypt and Iraq Sign 12 New MoUs
By John Lee. Iraq and Egypt have signed multiple Memorandums of Understanding (MoUs) under the patronage of Prime Minister Mohammed S. Al-Sudani and Egyptian Prime Minister Mostafa Madbouly during the third session of the Iraq-Egypt Joint Higher Committee in Baghdad. The agreements cover a range of sectors, including: Transport - Land transport of passengers and […]