By John Lee. Prime Minister Ali al-Zaidi met a group of Iraqi business leaders and investors in Amman, Jordan, to outline government policies aimed at improving the investment climate and attracting domestic and foreign capital. According to the Prime Minister's Office, al-Zaidi highlighted measures including customs exemptions for development projects, streamlined procedures, and protections for […]
By John Lee. A tanker was reportedly struck by an unknown projectile approximately 30 nautical miles south-east of Al Faw, Iraq. According to the United Kingdom Maritime Trade Operations (UKMTO), the crew are safe and no damage or environmental impact has been reported. UKMTO issued Warning 180-26 on 20 October 2026, noting the report was […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq Controls its Northern Exports, but Ankara Sets the Timetable While Baghdad appears to have won the fight over who controls crude oil pumped in Iraqi Kurdistan, it has not won control over […]
By John Lee. A tanker was struck by an unknown projectile approximately 28 nautical miles south-east of Al Faw today (Wednesday). The vessel's crew are reported safe and no environmental impact has been reported. According to the United Kingdom Maritime Trade Operations (UKMTO), authorities are investigating the incident. Vessels are advised to transit the area […]
By John Lee. Iraq has signed an agreement with GE to implement a comprehensive plan for securing the country's energy supply. The deal was signed in Washington by Minister of Electricity Ali Saad Wahib, under the auspices of Prime Minister Ali al-Zaidi. According to the Ministry of Electricity, the agreement covers an integrated national programme […]
By John Lee. Iraqi officials held separate meetings with the Turkish ambassador to Iraq and a delegation of Turkish businessmen this week, focusing on expanding investment and trade cooperation between the two countries. According to the Prime Minister's Media Office, Prime Minister Ali al-Zaidi received Turkish ambassador to Iraq Anil Bora Inan, along with representatives […]
By John Lee. A Chinese cargo vessel has docked at Umm Qasr North Port on the first direct sailing from China via the Strait of Hormuz since the resumption of maritime navigation through the strait. According to the Ministry of Transport, the MV KSL Xinyang arrived on Monday carrying a mixed cargo of oil sector […]
By John Lee. The General Company for Ports of Iraq (GCPI) has confirmed the signing of a contract with Dutch firm Fugro to carry out third-party surveying of the al-Faw navigation channel, in preparation for issuing internationally recognised Admiralty charts. Director General Farhan al-Fartousi told the state-owned Iraqi News Agency (INA) that the survey work will […]
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 […]
By John Lee. The Ministry of Communications of Iraq, under the supervision of Minister Dr. Hayam Al-Yasiri, has signed a partnership agreement with DIL Technology to establish Iraq as a unified transit corridor for international communications, running from from Al-Faw to Ibrahim Al-Khalil. The deal, the first of its kind, was signed between the General […]
By John Lee. Iraq's Minister of Communications, Dr. Hayam Al-Yasiri, announced an agreement with Qatar's Ooredoo Group to lay undersea cables with a capacity of 500 terabits at the Al-Faw station. According to the Ministry, the cables, comprising 24 pairs, will significantly boost Iraq's international communication capacity by connecting to over 200 global undersea cables, […]
By John Lee. Iraqi Prime Minister, Mr. Mohammed Shiaa Al-Sudani, chaired a meeting on Monday to continue discussions on the establishment of a fixed platform for processing imported gas in Al-Faw Port. According to a statement from the Media Office of the Prime Minister, the project is a crucial strategic initiative for Iraq, aiming to […]
