Beverly Hills Mansion Subject to Forfeiture in Iraq Bribery Case
By John Lee. The U.S. Justice Department has filed a civil forfeiture complaint seeking to seize a Beverly Hills mansion allegedly purchased with the proceeds from a scheme to defraud the Defense Logistics Agency (DLA). The complaint alleges that a defence contractor obtained more than $700 million from DLA for fuel deliveries to U.S. forces […]
Kittleson Thanks those who worked for her Release
By John Lee. American journalist Shelly Kittleson has expressed her gratitude to those who worked for her release, after she was taken hostage by an armed faction in Baghdad earlier this month. Ms Kittleson was released on 7th April. Full statement from Shelly Kittleson: I am and will always be incredibly grateful to those who […]
Progress Assessed at BP-Led Kirkuk Project
By John Lee. Progress on the Kirkuk oil field development project has been reviewed during a meeting of the joint management committee overseeing the initiative. The meeting, chaired by Deputy Oil Minister for Upstream Affairs Bassem Mohammed Khudhair, covered ongoing work on the project, which is being implemented by BP. The development, considered a major […]
Public-Private Coordination Targets Expansion of Cement Production
By John Lee. Measures to support Iraq's cement industry and enhance self-sufficiency have been discussed at a meeting between the Ministry of Industry and Minerals and private sector operators. The meeting, chaired by Industry Minister Khaled Battal Al-Najm, brought together representatives of clinker grinding plants and cement producers, alongside officials from the State Company for […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 23rd April 2026. Please click here to view a table of listed companies and their associated ticker codes. Rabee Securities' Market Indexes Change - Weekly Index Code Closings Change (w/w) (%) Change (YTD) (%) IQD-RSISX 2,767.6 0.4% 8.2% USD-RSISX 2,721.3 0.4% 8.2% […]
Temporary Opening of Iraq's Longest Bridge
By John Lee. A temporary opening has been announced for the Hamrin concrete bridge in Diyala province, following completion of 90 percent of construction works. According to the Ministry of Construction, Housing, Municipalities and Public Works, the decision was taken to facilitate movement after rising water levels in the nearby lake caused damage to an […]
Horizontal Drilling Project Awarded for East Baghdad Field
By John Lee. A contract has been signed to drill 17 horizontal wells in the East Baghdad South oil field, as part of ongoing development efforts in Iraq's central region. The agreement was concluded between Iraqi Drilling Company (IDC) and Chinese firm EBS Petroleum [Zhenhua Oil], in the presence of Midland Oil Company Director General Mohammed […]
Oversight Committee to Review Iraqi Airways' Performance
By John Lee. A committee has been established to audit the performance and operations of Iraqi Airways, following a directive from the Prime Minister. The committee, chaired by the Commission of Integrity, will include representatives from the Federal Board of Supreme Audit (FBSA) and the Prime Minister's Office monitoring department. Its mandate covers reviewing operational performance, […]
Digital IQD Proposal targets $7-12bn Economic Gains
By Hayder Aziz. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Cylinder Seal: A Sovereign Digital Currency Engine for Iraq's Non-Oil Economy Abstract Iraq's economy faces a deeply interconnected set of problems: a vast informal workforce invisible to the financial system, a crushing 14:1 […]
1.6m bpd Kirkuk Export Pipeline Set for Relaunch
By John Lee. Iraq's Ministry of Oil has announced that exports via the Kirkuk-Fishkhabour-Turkey pipeline are expected to resume soon, initially with limited volumes. The Ministry said the pipeline, which has a total capacity of 1.6 million barrels per day (bpd), will be brought back into service following completion of hydrostatic testing. Saheb Al-Bazoun, spokesperson […]
CBI lists Authorised Exchange Firms for Dollar Sales
By John Lee. The Central Bank of Iraq (CBI) has confirmed that all requests for US dollars from banks and exchange companies have been fully met, covering pilgrims, travellers, and external transfers. The bank stated that authorised exchange companies permitted to sell dollars to travellers and pilgrims are listed on its official website, ensuring regulated […]
DNO issues Update on Production
By John Lee. DNO ASA, the Norwegian oil and gas operator, has provided an update on production, sales volumes and other selected information for the quarter. Regarding its operations in Iraqi Kurdistan, the company said: "Two wells drilled in December 2025 and January 2026 were brought on production in the Tawke field early in the […]