New Companies Added to Iraq's OTC Trading Market
By John Lee. The Iraqi Securities Commission (ISC) has approved the listing, deposit, and trading of shares for three companies on the over-the-counter (OTC) platform. The decision was taken during the Commission's fourth session held on 16th April 2026. The companies admitted to the OTC platform are: Al-Batak Insurance Company Asia Insurance Company Al-Sharq Insurance Company […]
Plan Agreed to Strengthen Investment Environment in Iraq
By John Lee. Iraq's parliamentary Investment and Development Committee has discussed measures to enhance the country's investment environment and support economic growth. The committee, chaired by MP Nahida Al-Dayni, met to outline its work programme and develop a roadmap aimed at improving investment conditions. During the session, members emphasised the importance of strengthening oversight of […]
Moody's changes Outlook on Iraq to Negative
By John Lee. Moody's has changed its outlook on the Government of Iraq to negative from stable and affirmed the long-term issuer ratings at Caa1. It said: "The change in the outlook to negative reflects rising risks to Iraq's credit profile stemming from the conflict in the Middle East, as risks to energy flows and […]
Jiyad: US-Israeli War Against Iran - Detrimental Impacts on Iraq
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The American - Israeli War Against Iran, the Unprecedented Severe International Energy Crisis and Detrimental Impacts on Iraq On Friday evening, April 10th, the esteemed "Al-Mushtarak" platform graciously organized a debating event […]
First Phase of Erbil Green Belt Project nears Completion
From the Kurdistan Regional Government (KRG). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. First Phase of the Erbil Green Belt Project Nears Completion As part of ongoing efforts to combat climate change and promote a healthy environment, the Erbil Green Belt Project -- one […]
Contract Awarded for Rainwater Harvesting System
By John Lee. Gaith Al-Meshreq has won a contract with the United Nations Development Programme (UNDP) for the "Construction and Installation of a Sustainable Rainwater Harvesting System." Ref: 10529306/UNDP-IRQ-02009,1. Contract value is stated as $175,786.54. (Source: UNGM)
Gharraf Oil Field Output Halted Under Force Majeure
By John Lee. Production and export operations at the Garraf [Gharraf] oil field in southern Iraq have been suspended following a force majeure declaration by the Iraqi government, according to Japan Petroleum Exploration (JAPEX). In a statement to the markets on Friday, the company said that there is currently no clear timeline for the resumption […]
Contract for Solar Irrigation System
By John Lee. Anu for General Trading and Energy Solutions has won a contract with the United Nations Development Programme (UNDP) to "Supply and Install of Solar Energy Systems, Electric Pumps, and Sprinkler Irrigation Systems for Farmers in Basra and Maysan Governorates." Ref: 10530036/UNDP-IRQ-02007-2,1. Contract value is stated as $116,950.08. (Source: UNGM)
Will Iraqi Kurds look to Ukraine for Defenses?
By Winthrop Rodgers, for Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Amid US inaction over Iranian fire, will Iraqi Kurds look to Ukraine for defenses? While Washington has failed to heed calls to supply advanced air defenses directly to the Kurdistan […]
First Iraqi Oil Shipments Loaded via Syria's Baniyas Port
By John Lee. The first shipments of Iraqi oil were loaded at Syria's Baniyas [Banias] port on Thursday, marking the launch of a new export route to European markets, according to the State Oil Marketing Organization (SOMO). The development establishes a new Mediterranean outlet for Iraqi oil exports, enabling access to European refineries and consumers. […]
UNDP supports New Fish Hatchery in Hartha
By John Lee. Gaith Al-Meshreq has won a contract with the United Nations Development Programme (UNDP) for "Supply of Operational Inputs and Start-up Technical Support for Al-Hartha Fish Hatchery and Marine Science Center Fish Hatchery, Basrah." Ref: 10529910/UNDP-IRQ-02055. Contract value is stated as $40,503.88. (Source: UNGM)
Banking Arrangements Expanded to Meet Currency Demand
By John Lee. Iraq's state-owned Rasheed Bank is preparing to facilitate the sale of US dollars to pilgrims ahead of the upcoming Hajj season. The bank has instructed its branches to implement logistical arrangements, including increasing staffing levels, to ensure efficient processing of expected demand. According to the bank, the measures form part of a […]