Ministry of Trade launches Mechanism to Report Corruption
By John Lee. The Ministry of Trade has launched official channels for reporting corruption cases within its departments, to be overseen directly by the Minister. According to the Ministry of Trade, citizens and staff are being encouraged to submit reports backed by documents or evidence of corruption or the waste of public funds, via a […]
Basra-Baku Route to launch on Wednesday
By John Lee. Iraqi Airways will begin direct flights between Basra and Baku today (Wednesday), operating one flight per week as part of plans to expand its international network and meet growing demand for travel. The company's Director General, Manaf Abdul Moneim, said the new route responds to increased seasonal demand and gives passengers from […]
World Bank Backing for Iraqi Entrepreneurs
By John Lee. Iraq's Ministry of Planning has held a meeting with representatives of the World Bank to discuss cooperation on supporting entrepreneurship, empowering small and medium-sized enterprises (SMEs), and creating a more efficient and attractive business environment for investment. According to a statement from the Ministry, Sunday's meeting discussed a proposed programme aimed at […]
Buy the Rumour, Sell the News; yet the Market Rises Further
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. Buy the Rumour, Sell the News; yet the Market Rises Further The market, as measured by the Rabee Securities U.S. Dollar Equity Index (RSISX USD Index), closed […]
Halliburton to Boost Output at Two Iraqi Oil Fields
By John Lee. Basra Oil Company (BOC) has signed a five-year contract with US firm Halliburton for the integrated management of the Nahr Bin Umar oil field and Sindbad field. The signing took place under the auspices of Minister of Oil Basim Muhammad Khudhair al-Abadi, in line with government plans and directives from Prime Minister […]
Studies Approved for New Iraqi Oil Export Pipelines
By John Lee. The Council of Ministers has approved the signing by Basra Oil Company (BOC) of a Heads of Agreement (HOA) and a non-disclosure agreement (NDA) with a consortium comprising US firm Capital TI, Qatar's UCC [Urbacon Trading & Contracting], and US major Chevron. The approval allows for a state-owned company to be added […]
Ministers Discuss Progress of Iraq-Jordan Economic City
By John Lee. Iraq's Minister of Industry and Minerals, Mohammed Nouri, received his Jordanian counterpart, Minister of Industry, Trade and Supply Yarub Qudah, along with an accompanying delegation, on Thursday. The two sides held a meeting to discuss ways of strengthening industrial and trade cooperation, and expanding joint coordination in areas serving the shared interests […]
Iraq, Jordan Discuss Basra-Aqaba Oil Pipeline Project
By John Lee. Iraq's Prime Minister, Ali al-Zaidi, held talks on Thursday with a Jordanian ministerial delegation led by Jordan's Minister of Industry, Trade and Supply, Yarub Falah Al-Qudah, with Iraq's Minister of Industry and Minerals, Mohammed Nouri Ahmed, also in attendance. According to the Ministry of Industry and Minerals, the Jordanian delegation also included […]
Iraq, Türkiye Reach One-Year Ceyhan Pipeline Protocol
From Kurdistan24. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq And Türkiye Reach One-Year Oil Export Protocol Through Ceyhan Pipeline Iraq and Türkiye have agreed on a one-year temporary protocol to ensure the continuation of oil exports through the pipeline linking the Kurdistan […]
Iraq's National Health Insurance: Why the Market Changed
From Kapita Research. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq's National Health Insurance: Why the Market Changed Iraq's healthcare market changed when it gained a payer. Health Insurance Law No. 22 of 2020 went live in Baghdad in late 2023, covered […]
OPEC+ to Increase Output from August
By John Lee. Seven OPEC+ countries, including Iraq, have agreed to a production adjustment of 188,000 barrels per day (bpd) from the additional voluntary adjustments announced in April 2023, to be implemented in August 2026. The countries, Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman, met virtually on 5 July 2026 to review global […]
German Firm to Build Float Glass Plant in Najaf
By John Lee. German firm HORN Glass Industries AG, the has signed a contract with Al Rida Investment to build a new float glass plant in Najaf, with a production capacity of 800 tonnes per day. The plant will be equipped with the latest technology and is intended to contribute to expanding glass production capacity in […]