German-Funded Clothing Factory Reopens in Mosul
By John Lee. A clothing factory in Mosul has reopened following rehabilitation and a return to full production. The Waladi clothing workshop, part of the Ready-Made Garments Factory in Mosul and affiliated with the General Company for Textile and Leather Industries, was refurbished with funding from Germany's KfW (Kreditanstalt für Wiederaufbau, German Development Bank) and […]
Iraq PM Invited to Tokyo, Courts Japanese Firms
By John Lee. Prime Minister Ali al-Zaidi has received a formal invitation from Japanese Prime Minister Sanae Takaichi to visit Tokyo. The invitation was conveyed by Japan's Ambassador to Iraq, Akiro Endo, during a meeting at the Prime Minister's office. Al-Zaidi welcomed the invitation and affirmed the importance of Iraq-Japan relations, according to the Prime […]
One Million Residential Land Plots planned in Iraq
By John Lee. Iraq has announced that executive procedures for its one-million-residential-plot initiative will begin on 1 September 2026, with provincial governors directed to finalise land identification and complete the necessary legal and administrative steps. According to the Prime Minister's Office (PMO), Prime Minister Ali al-Zaidi chaired the fourth session of the Supreme Coordination Council […]
Planning Ministry and UNDP Discuss Sinjar Development Plan
By John Lee. Iraq's Ministry of Planning has held a joint meeting with the United Nations Development Programme (UNDP) to discuss the development plan for Sinjar district in Nineveh governorate. According to the Ministry of Planning, the meeting covered the economic and developmental aspects of the Sinjar plan, and the process by which the Ministry […]
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 […]