CBI Opens Bidding for IT Equipment Contract
By John Lee. The Central Bank of Iraq (CBI) has announced a public tender for the supply of computer equipment in accordance with the technical specifications outlined in the bank's standard procurement documentation. The tender has an estimated total value of IQD 767,500,000 (approximately USD 586,000) and will be funded from the central bank's 2026 capital […]
Iraq "Emerges as Theater for War"
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq emerges as theater for war as mysterious landing, blackout ignite rumors Iraq is emerging as a major theater of war amid a sharp escalation in regional conflict that shows no sign of […]
CBI Says Foreign Reserves Cover 12 Months of Imports
By John Lee. The Central Bank of Iraq (CBI) has held an extraordinary board meeting to review recent economic and financial developments and assess macroeconomic indicators and future outlooks in light of regional and global changes. The board conducted a comprehensive review of conditions in the monetary and financial markets, including: Liquidity levels within the banking […]
Gulf Power Interconnection with Iraq Nears Launch
By John Lee. The Ministry of Electricity has said the Iraq-Gulf electricity interconnection project will soon enter service with an initial capacity of 500MW. According to ministry spokesperson Ahmed Mousa Al-Abadi, the project is around 95 percent complete and is currently undergoing final operational procedures before the first phase becomes operational. The ministry also confirmed that […]
Iraqi Airspace to Remain Closed Until Tuesday Noon
By John Lee. Iraqi Civil Aviation Authority (ICAA) has extended the closure of Iraqi airspace to all arriving, departing and transit aircraft until 12:00 noon on Tuesday. 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 developments […]
Brookings: Iraq must not be a Staging Ground for War with Iran
By Marsin Alshamary and Hamzeh Hadad, for The Brookings Institution. The opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq must not be a staging ground for war with Iran The United States should not take Iraq's stability for granted. The full report can be […]
Contract for Refurbishing Port Control Unit
By John Lee. Gaith Al-Meshreq has won a contract with the United Nations Development Programme (UNDP) for "Refurbishing Port Control Unit at the Port of Um Qasr, Basrah." Contract value is stated as $23,530.57. (Source: UNGM)
Seismic Survey Near Fallujah Nears Completion
By John Lee. Iraq's Oil Exploration Company has reported significant progress on a two-dimensional seismic survey programme north of Fallujah in Anbar province. The project, conducted for Midland Oil Company, forms part of the Ministry of Oil's plans to expand geological and geophysical data to support oil and gas exploration. According to the company, more […]
Deterring Iraqi Militia Attacks
By Michael Knights for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Deterring Iraqi Militia Attacks Kataib Hezbollah (KH), Harakat Hezbollah al-Nujaba (HaN), and Kataib Sayyid al-Shuhada (KSS) ... [are] keen to impress their patrons in Tehran […]
Attack on Sarsang Oil Field Halts Production
By John Lee. Production has been suspended at the Sarsang oil field in Duhok Governorate following an attack that caused damage to the facility. According to the Ministry of Natural Resources of the Kurdistan Regional Government (KRG), the incident occurred on Thursday night and was carried out by armed groups operating outside the law in […]
Operationalizing the Humanitarian-Development-Peace Nexus in Iraq
From the United Nations Development Programme (UNDP). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Operationalizing the Humanitarian-Development-Peace Nexus in Iraq Iraq is a middle-income country emerging from decades of conflict and large-scale displacement, with over one million IDPs still affected amid declining humanitarian […]
Private-Sector Links Highlighted in Iraq-UK Business Talks
By John Lee. His Excellency Dr Salih Husain Ali Al-Tamimi, Ambassador of Iraq to the United Kingdom, received Mohammed Al-Issawi, a member of the International Chamber of Commerce (ICC), to review opportunities for expanding international economic collaboration. Discussions covered the ICC's role in supporting the global business environment, including its work to facilitate cross-border trade […]