Iraqi PM Plans to Double Electricity Output by 2027
By John Lee. Iraq plans to double its electricity production and distribution capacity by 2027, with measures targeting both supply expansion and the elimination of longstanding inefficiencies. Prime Minister Ali al-Zaidi made the announcement during a visit to the Ministry of Electricity, where he chaired a meeting with senior ministry officials. He directed the Minister […]
Iraq to Drop Zeros as Dinar Redenomination Returns?
From Kurdistan24. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq to Drop Zeros From Its Currency as Dinar Redenomination Returns? Iraq's Communications Minister Mustafa Sanad says Iraq has decided to remove zeros from the dinar and reprint the currency, but the Central Bank […]
Discussions on Italy-Iraq Project Funding
By John Lee. Iraq's Ministry of Planning has held talks with representatives of the Italian Embassy in Baghdad to discuss ongoing and planned development projects funded by Italy. The meeting was chaired by Dr. Sahir Abd al-Kazim Mahdi, Director General of the Directorate of International Cooperation at the Ministry of Planning, and attended by Rosa […]
Iraq's FCC Project Back on Track with JGC Agreement
By John Lee. An agreement has been reached with Japanese firm JGC Corporation to resume work on Iraq's fluid catalytic cracking (FCC) project. According to the Ministry of Oil, the deal was concluded by a ministerial negotiating committee led by ministry adviser Dr. Hamid Younis, with South Refineries Company (SRC) Director General Hussam Hussein Wali […]
Progress on Establishing Iraqi-Malaysian Business Council
By John Lee. Iraq and Malaysia have discussed steps to expand economic cooperation and increase bilateral trade, including preparations for the ninth session of the Iraqi-Malaysian Joint Committee in Baghdad. Riyadh Fakher al-Hashimi, Director General of the Department of Foreign Economic Relations at the Ministry of Trade, met with Malaysia's Chargé d'Affaires in Iraq, Nirmal […]
Iraqi e-Commerce Platform Closes $150k Pre-Seed Round
By John Lee. Rozenama, an Iraqi e-commerce platform based in Baghdad, has closed a $150,000 pre-seed funding round. Co-founder and CEO Abbas Muhil told Iraq Business News that the platform provides Iraqi merchants with an online store and order management system, and has grown from 250 to over 900 active merchants over the past year, […]
Presidential Backing for Public-Private Partnership in Iraq
By John Lee. Iraq's investment climate and the obstacles facing it were discussed at a meeting between President Nizar Aamidi and National Investment Commission (NIC) Chairman Adel Dakhil Muhammad al-Yasiri at the Palace of Peace in Baghdad on Thursday. President Aamidi stressed the importance of simplifying procedures, providing guarantees for investors, and building a genuine […]
Iraq Cannot Say Where $76 Billion Went, and No Law Compels It To
By Professor Oday Talal Mahmood, for JURIST. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq Cannot Say Where $76 Billion Went, and No Law Compels It To Fourteen governorates share 2.8 percent of Iraq's national budget. Ministries in Baghdad direct 87 percent. Nothing […]
Why Turkiye let the Kirkuk-Ceyhan Pipeline Deal Expire
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Why Turkiye let the Kirkuk-Ceyhan Pipeline Deal Expire When the decades-old legal framework governing the Kirkuk-Ceyhan oil pipeline expired on July 27, Turkiye allowed it to lapse without immediately replacing it. The step […]
What Does Starlink Mean for Iraq?
By Mohammed Al-Zubaidi, for Middle East Online. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. The Internet from the Sky: What Does Starlink Mean for Iraq? When someone connects to the internet in Baghdad, Basra or Erbil, it is natural to imagine that the […]
Due to the Iran War, Iraq is Running out of Money
By Cathrin Schaer and Ismael Adnan, for Deutsche Welle (DW). Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Due to the Iran War, Iraq is Running out of Money Because of the blockage of the Strait of Hormuz, Iraq cannot export enough oil […]
Maysan Oil Company Markets 440-Tonne Sulphur Shipment
By John Lee. Maysan [Missan] Oil Company (MOC) has marketed a 440-tonne shipment of sulphur produced at the central gas processing plant (GPP) at the Halfaya oil field, in preparation for export to international markets. According to the state-run Iraqi News Agency (INA), the shipment was transferred through a local intermediary to State Oil Marketing […]