Gharraf Oil Field Output Halted Under Force Majeure
By John Lee. Production and export operations at the Garraf [Gharraf] oil field in southern Iraq have been suspended following a force majeure declaration by the Iraqi government, according to Japan Petroleum Exploration (JAPEX). In a statement to the markets on Friday, the company said that there is currently no clear timeline for the resumption […]
Contract for Solar Irrigation System
By John Lee. Anu for General Trading and Energy Solutions has won a contract with the United Nations Development Programme (UNDP) to "Supply and Install of Solar Energy Systems, Electric Pumps, and Sprinkler Irrigation Systems for Farmers in Basra and Maysan Governorates." Ref: 10530036/UNDP-IRQ-02007-2,1. Contract value is stated as $116,950.08. (Source: UNGM)
Will Iraqi Kurds look to Ukraine for Defenses?
By Winthrop Rodgers, for Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Amid US inaction over Iranian fire, will Iraqi Kurds look to Ukraine for defenses? While Washington has failed to heed calls to supply advanced air defenses directly to the Kurdistan […]
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 […]