Iraq Participates in Annual IMF / World Bank Meetings in DC
By John Lee. Iraq's Minister of Finance, Taif Sami Mohammed, along with the Deputy Governor of the Central Bank of Iraq (CBI) and their accompanying delegation, participated in the annual meetings of the World Bank Group and the International Monetary Fund (IMF), held in Washington from 13th to 18th October 2025. The meetings focused on […]
PM launches Baghdad Int'l Hospital Project with Qatari Investment
By John Lee. Iraqi Prime Minister Mohammed Shiaa Al-Sudani has laid the foundation stone for the Baghdad International Hospital, to be developed by Apex Health, a subsidiary of Qatar's Estithmar Holding [Qatari Investment Holding Company]. Al-Sudani welcomed the Qatari delegation and praised the project as a new chapter in bilateral cooperation, recalling the visit of […]
GE to Build Iraq's Largest Gas-Fired Power Plant in Basra
By John Lee. The Ministry of Electricity has announced the signing of a contract for the implementation of the Al-Faw Gas Power Plant project in Basra - the largest investment-based gas-fired station in southern Iraq. The 3,000-megawatt combined-cycle plant will be built by GE and will include four gas turbines and two steam units. It […]
Iraq Bans Roblox
By John Lee. Iraq's Ministry of Communications has announced a nationwide ban on the online game Roblox following a ruling by the Federal Supreme Court (FSC). The Ministry said the decision was based on extensive monitoring and analysis that identified several security, social, and behavioural risks associated with the game. These include exposure of children […]
Transport Ministry Expands Maritime Investment Opportunities
By John Lee. The Ministry of Transport has announced the launch of major initiatives to expand investment and development opportunities in Iraq's maritime transport sector. The plan aims to enhance marine services and strengthen cooperation with leading international companies specialising in joint operations, shipbuilding, and the establishment of new shipping routes. According to the ministry's […]
IVECO and MTT Deliver Firefighting Vehicles to Iraq
By John Lee. IVECO and Machine Technology Trading Co. (MTT), through EuroMT Srl bodybuilder, have begun delivering 20 Eurocargo ML180E28 4x2 firefighting trucks to Iraq's Directorate of Civil Defense - the first of their kind to enter the country. Each vehicle is equipped with a EuroMT Srl 10,000-litre water tank and a flexible firefighting pump […]
The Importance of ExxonMobil's Return to Iraq
By John Lee. If anyone doubts the importance of last week's agreement for US oil major ExxonMobil to return to Iraq, may we suggest reading the following article from Simon Watkins in OilPrice: What ExxonMobil's Comeback in Iraq Really Means. The author describes it as "perhaps the most significant of the recent deals between firms […]
Kurdistan Region Spends $203m on Water Infrastructure
By John Lee. The Kurdistan Regional Government (KRG) has said major progress has been made in modernising the Region's water infrastructure. Nine dams have been completed at a total cost of about IQD 266 billion [$203 million], providing a combined storage capacity of around 253 million cubic metres of water. The KRG has also completed […]
Knock-On Effects as UN Sanctions on Iran Return
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq braces for knock-on effects as UN sanctions on Iran return The "snapback" of UN sanctions on Iran is triggering widespread anxiety in Iraq about impending economic consequences. Observers warn that the fallout […]
UNOPS Contract for Housing Units in Fallujah
By John Lee. Al-Fityan Company For General Contracts has won a contract with the United Nations Office for Project Services (UNOPS) for "Rehabilitation of 55 Housing Units in Fallujah." Reference: ITB/2025/58519, Lot 1. The contract value was stated as $579,155 (Source: UNGM)
Iraq Receives Second Batch of Bell Helicopters
By John Lee. The second batch of US-made Bell 505 helicopters arrived at Martyr Brigadier General Mohammed Alaa Air Base this week. The delivery eight helicopter follows directives from the Commander-in-Chief of the Armed Forces to enhance and modernise the capabilities of Iraq's military forces across all branches. According to a Ministry of Defense statement, […]
UNOPS Buys Equipment from Canon
By John Lee. Canon Co. for Trading of Computer and Electronic Supplies Ltd. has won a contract with the United Nations Office for Project Services (UNOPS) for "Supply of IT Equipment." The contract value was stated as $27,190. (Source: UNGM)