Iraq to Increase Refining Capacity
By John Lee. Iraq's Deputy Minister of Oil for Refining Affairs emphasized the government's and ministry's focus on increasing refining capacity and improving production at national refineries to achieve self-sufficiency and gradually transition to exporting refined products to global markets. Deputy Minister Hamed Younis highlighted that the dedicated efforts of the South Refineries Company (SRC) […]
EU extends Iraq Advisory Mission on Security
By John Lee. The Council of the European Union has extended the mandate of the EU Advisory Mission in support of Security Sector Reform in Iraq (EUAM Iraq) until 30 April 2026. The new commitment involves a budget allocation of almost EUR 66 million [$64 million]. Full statement from EUAM: EUAM Iraq: Council extends the […]
Iraq Anti-Gay Law "will Harm Economic Growth"
By John Lee. Iraqi has passed an amendment to existing legislation, officially called the Anti-Prostitution and Homosexuality Law, which bans same-sex relations. According to reports, anyone in a same-sex relationship could now be jailed for ten to fifteen years; people identifying differently from their biological sex could be jailed for one to three years; and […]
IBBC hosts Iraqi Agriculture Minister
From the Iraq Britain Business Council (IBBC): The IBBC Agritech Committee hosted the Iraqi Agriculture Minister, H.E. Abbas Jebur Al Maliky [Dr. Abbas Jabber Al-Maliki] for a three-day introduction visit to British agricultural capabilities, UK ministers, shadow ministers and IBBC members. Led by Dr Amet Selman of AAA Holding, the Agritech committee chairman, and Mr […]
Iraq PM considers Partnership with UK AgriTech Company
By John Lee. Iraqi Prime Minister Mohammed Shia Al-Sudani met with Jamie Burrows, CEO of Vertical Future, a company specializing in vertical farming technology, on the sidelines of the World Economic Forum (WEF) in Riyadh. The Prime Minister expressed his desire to collaborate with the global company to bring advanced agricultural technology to Iraq, which […]
Nissan appoints Official Distributor in Iraq
By John Lee. Japan's Nissan Motor Corporation has appointed Al Sour as its official and registered distributor in Federal Iraq. According to a statement from Nissan, this strategic collaboration will commence with the establishment of several sales, service, and spare parts facilities across key cities, including Baghdad, Najaf, Mosul, and Zakho, as well as other […]
Drone Strike at Iraqi Gas Field Kills Four
By John Lee. A drone attack on Friday evening has killed four workers at Khor Mor gas field in Sulaymaniyah province. Press reports say the dead were Yemeni nationals. Electricity supplies have also been disrupted. A KRG statement said that initial information suggested the attacks come from "a nearby region within Iraq"; KRG Prime Minister […]
Turkish Company to develop Iraqi Agriculture
By John Lee. Turkiye's Tiryaki Agro has signed a goodwill agreement with the Iraq Development Fund to develop Iraqi agriculture. The agreement was signed in Baghdad by Mr. Mohammed Al-Najjar, Director of the Iraq Development Fund, and Mr. Ahmet Tiryakioğlu, Chairman of the Board of Directors of Tiryaki Agro. The ceremony took place with the […]
Improving the Response to Internal Displacement in Iraq
By John Lee. The Danish Refugee Council (DRC) has published a report on how internally displaced persons (IDPs) in Iraq, Syria and Yemen experienced access to services and aid assistance during displacement. It says: "The results validate the call for improved responses, confirming an inconsistent approach in how IDPs have been able to access vital […]
How Halbousi's Ouster is Reshaping Sunni Politics
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. How Halbousi's ouster is reshaping Sunni politics in Iraq Longstanding conflicts over Iraq's current legislative agenda have re-emerged amid Sunni division over who will succeed former parliament speaker Mohammed Al-Halbousi (2018-23). The full […]
Iraq in talks with Japan on Project Funding
By John Lee. The Iraqi Ministry of Planning held a meeting with the Japan International Cooperation Agency (JICA) to discuss the possibility of continued loans to fund new development projects in Iraq. These projects cover sectors such as health, electricity, sanitation, and the Basra refinery. Dr. Maher Hamad Johan, the ministry's Undersecretary for Technical Affairs, […]
Fitch Rates Trade Bank of Iraq 'CCC+'
By John Lee. Fitch Ratings has affirmed Trade Bank of Iraq's (TBI) Long-Term Issuer Default Rating (IDR) at 'CCC+', Short-Term IDR at 'C' and Government Support Rating (GSR) at 'ccc+'. Fitch has removed the Stable Outlook on TBI's Long-Term IDR, which was previously published in error. It says the rating reflects, "the absence of any […]