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 […]
New Bridge Opens in Diwaniyah
By John Lee. The Ministry of Construction, Housing, and Municipalities has opened the Sayyid Mohammed Mohammed Sadiq Al-Sadr Bridge in Diwaniyah, improving connectivity and traffic flow within the city. The bridge, inaugurated by the Director General of Roads and Bridges Hussein Jassim Kadhim in the presence of Diwaniyah Governor Abbas Al-Zamili, has a total length […]
Cooperation Agreement to Support Engineering Sector Development
By John Lee. Iraq's Building Research Directorate, has signed a memorandum of cooperation with the Iraqi Engineers Union (IEU) to strengthen collaboration across the engineering sector. The agreement was signed by Director General Hussein Faraj Al-Hassnawi and Engineers Union President Dhulfiqar Houshi, focusing on expanding joint work in research, training, and knowledge exchange. Key areas of […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 16th 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 2,755.5 -0.1% 7.8% USD-RSISX 2,709.4 -0.1% 7.8% […]
IMF sees Short-Term Iraq GDP Slump, then Recovery
By John Lee. The International Monetary Fund (IMF) has revised its forecasts, considering the ongoing conflict in the Middle East. According to its latest World Economic Outlook, it forecasts a 6.8-percent contraction in Iraq's GDP this year due to regional conflict, oil export disruptions, and potential infrastructure damage. For 2027, it expects a dramatic recovery […]
"Deleting the Zeros": What Iraq Actually Said, and What It Means for Your Investment
By Guest Blogger. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. "Deleting the Zeros" -- What Iraq Actually Said, and What It Means for Your Investment Few phrases in the Iraqi dinar speculation world generate more excitement than "deleting the zeros." It surfaces in […]
Half Tonne of Gold Imported via Baghdad Airport in 2 Days
By John Lee. More than half a tonne of imported gold has entered Iraq via Baghdad International Airport (BIAP) over the past two days, according to the Ministry of Planning. The shipments, comprising jewellery and bullion, totalled approximately 300 consignments. The Ministry stated that inspection and hallmarking procedures are being carried out continuously to facilitate […]
Iraq, UK discuss Increasing Trade
From the Iraq Britain Business Council (IBBC): Ambassador of the Republic of Iraq to the United Kingdom Meets UK Minister of State for Trade The Ambassador of the Republic of Iraq to the United Kingdom, Dr Salih Husain Ali Al-Tamimi, met with Sir Chris Bryant, Minister of State for Trade, at the Department for Business […]
Tankers en Route to Load Iraqi Crude
By John Lee. According to Reuters, two tankers entered the Persian Gulf on Wednesday en route to Iraq: The Alicia, capable of carrying 2 million barrels of oil, is reportedly heading to Iraq to load a cargo on Thursday; The Malta-flagged Agios Fanourios I is said to be heading to Iraq to load Basra crude […]
State Cement Company Reports Increased Output
By John Lee. The Iraqi State Company for Cement, part of the Ministry of Industry and Minerals, has reported strong production and sales performance for February, supported by stable operations across its plants. Total production exceeded 676,000 tonnes of various cement types during the month, while sales reached more than 664,000 tonnes, helping to meet […]