Cement Output Rises at Basra, Najaf and Al-Qaim Plants
By John Lee. The Iraqi State Company for Cement, part of the Ministry of Industry and Minerals, has reported increased production at its Basra, Najaf and Al-Qaim plants in January. According to Director General Awad Kazem Abdul Amir, the Basra Cement Plant recorded output of 41,123 tonnes, reflecting improved resource management and operational readiness. The […]
Iraq Developing Roadmap to Align with EU Carbon Border Rules
By John Lee. Iraq is developing a national roadmap to align with the European Union's Carbon Border Adjustment Mechanism (CBAM), focusing on its impact on key industrial sectors. The discussions took place during a committee meeting chaired by the Ministry of Environment, with participation from multiple government entities. Riyadh Fakher Al-Hashemi, Director General of the […]
Conflicting Info on Iraqi Crude Tanker Movements
By John Lee. Conflicting tracking data has raised uncertainty over the movements of the Omega Trader, an oil supertanker carrying Iraqi crude, amid ongoing disruption to shipping routes near the Strait of Hormuz. Ship-tracking data in recent days reportedly indicated the tanker had arrived near Mumbai, while its manager, Mitsui OSK Lines Ltd, said the […]
Iraqi Fuel Production Exceeds Domestic Demand
By John Lee. The Ministry of Oil has confirmed that crude oil extraction and production are continuing at approved levels under an emergency plan adopted by the Fuel Crisis Cell. The ministry said production of refined products and liquefied petroleum gas is sufficient to meet domestic demand, adding that distribution operations are proceeding smoothly across […]
How War "is Exposing Iraq's Fundamental Failures"
By Hayder Al Shakeri, for The National. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. How the war on Iran is exposing Iraq's fundamental failures When Iraqi Prime Minister Mohammed Shia Al Sudani called for de-escalation and dialogue in the early days of […]
CBI Acts to Address Dollar Restrictions on Banks
By John Lee. The Central Bank of Iraq (CBI) has announced a series of measures to address issues affecting Iraqi banks restricted from dealing in US dollars. In remarks reported by the state-run Iraqi News Agency (INA), Ahmed Dawood Salman, Director of Transfers at the CBI, said the bank is working with international audit firms, […]
WHO Allocates $500k for Emergency Health Response in Iraq
By John Lee. The World Health Organization (WHO) has released $500,000 to support emergency coordination, trauma response, mental health services, and medical supply distribution in Iraq. The funding is part of a $2 million commitment in emergency funding to support health responses in Lebanon, Iraq and Syria as part of the WHO's Contingency Fund for Emergencies. […]
Used Tyres Recycled into Industrial Products
By John Lee. The State Company for Rubber Industries and Tyres, part of the Ministry of Industry and Minerals, has processed 170 tonnes of used tyres into industrial products as part of a recycling project implemented in partnership with the private sector. According to Director General Haider Nasser Dhaher, the output from 2025 included a […]
Iraqi Airspace to Remain Closed Until Wednesday Noon
By John Lee. The Iraqi Civil Aviation Authority (ICAA) has extended the closure of Iraqi airspace to all arriving, departing and transit aircraft until 12:00 noon on Wednesday. The authority said the decision was taken as a temporary and precautionary measure, based on an ongoing assessment of the security situation and in light of regional […]
Italy makes "Significant Contribution" to Refugees in Iraq
From the United Nations Refugee Agency (UNHCR). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Italy strengthens support for refugees in Iraq with a significant contribution UNHCR, the UN Refugee Agency, welcomes a generous contribution from the Government of Italy, through the Italian Agency […]
First Iraqi Bank Rating Placed On 'Watch Negative'
By John Lee. S&P Global Ratings has placed the 'B-' rating on First Iraq Islamic Bank For Investment And Finance JSC on CreditWatch with negative implications. It added: "A sharp decline in oil production tied to the increased escalation of the Middle East conflict could lead us to downgrade Iraq, which could, in turn, affect […]
NATO Moves Iraq Operations to Europe
By John Lee. The NATO Mission in Iraq (NMI) has relocated all its personnel from Iraq to Europe. In a statement, it confirmed that the final personnel departed Iraq on 20th March, with the mission now continuing from Joint Force Command Naples in Italy. Full statement from NATO: NATO Mission Iraq Posture Adjusted MONS, Belgium - […]