Top 10 Dinar Articles from May
The following were the ten most read dinar-related articles on Iraq Business News for the month of May: CBI Boss says No Plan to Revalue Iraqi Dinar What a New Iraqi PM means for Your Dinars You Bought Iraqi Dinars. Now What? Iraq Banking Sector Reform: Second Phase Under Way "Deleting the Zeros": What Iraq […]
New Oversight Body for Iraq's Public Finances
By John Lee. A new supreme oversight body is to be established in Iraq to monitor government contracts and recover public funds, following a meeting chaired by Prime Minister Ali al-Zaidi on Saturday. The meeting was attended by the head of the Federal Board of Supreme Audit (FBSA), the head of the Federal Commission of […]
Chinese Vessel Docks at Umm Qasr after Hormuz Reopening
By John Lee. A Chinese cargo vessel has docked at Umm Qasr North Port on the first direct sailing from China via the Strait of Hormuz since the resumption of maritime navigation through the strait. According to the Ministry of Transport, the MV KSL Xinyang arrived on Monday carrying a mixed cargo of oil sector […]
Iraq's Mishraq Sulphur Company Signs Private-Sector Partnership
By John Lee. The Mishraq Sulphur State Company, a subsidiary of Iraq's Ministry of Industry and Minerals, has signed a partnership agreement with a private Iraqi company to develop an integrated industrial project for refined sulphur production at the Al-Lazzaka 2 field [Al-Lazakah, Allizaqa] field [in Nineveh Governorate], with an initial production capacity of one […]
EBRD and Iraq in Talks on Development and Banking
By John Lee. Iraq's Ministry of Finance has held talks with the European Bank for Reconstruction and Development (EBRD) on financial and technical cooperation and support for development priorities in Iraq. Finance Minister Falah Sari received EBRD Iraq Country Head Katarina Bjorlin Hansen on Sunday to discuss the outlook for collaboration. The minister said the […]
Trump names Tom Barrack as Special Envoy to Iraq
By John Lee. Tom Barrack, the United States Ambassador to Türkiye, has been appointed Special Presidential Envoy to both Syria and Iraq, while retaining his ambassadorial post in Ankara. The appointment was announced on Truth Social by President Donald Trump, who said Barrack would operate with the full backing of the US Department of State […]
Iraq "Imports $3bn in Plastic Annually" as Ban, Tax Plan Moves Forward
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq imports $3B in plastic annually as ban, tax plan moves forward The Iraqi Ministry of Environment said late Friday that Iraq imports about $3 billion worth of plastic products annually and remains behind […]
"Anger and Opportunity" Foreign Workers in Karbala
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Anger and Opportunity in Karbala as Foreign Workers Slip into Labor Market Renowned for its annual pilgrimages, and home to the resting sites of several Shiite religious figures, Karbala has long been a […]
New KRI Aggregation Hub Boosts Farmer Incomes by 48%
By John Lee. A new agricultural facility in Dohuk is enabling refugee, displaced and host community farmers in Iraq's Kurdistan Region to sell directly to formal retailers for the first time, with early results showing produce selling out within 24 hours and farmers earning up to 48% more per kilogram than through traditional wholesale channels. […]
Two Months for Iraq and Turkey to reach Pipeline Deal
From Arabian Gulf Business Insight (AGBI). Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Two months left for Iraq and Turkey to reach pipeline deal Iraq is suffering a steep drop in its oil exports due to the near-closure of the Strait of […]
Possible New Ministry as Iraq grapples with PMU Reform
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Talk of new ministry emerges as Iraq grapples with PMU reform Shortly after winning a contentious confidence vote in parliament on May 14, Iraqi Prime Minister Ali Al-Zaidi told lawmakers that his government […]
New Financial and Economic City Planned near Baghdad Airport
By John Lee. According to the National Investment Commission (NIC), a new financial and economic city is planned for land adjacent to Baghdad International Airport, with all infrastructure costs to be met by private investors rather than the state. The NIC confirmed that the land in question is state-owned, with ownership legally divided between the […]