By Simon Watkins, for OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. The U.S. Power Play in Iraq That Moscow and Beijing Didn't See Coming As Russia remains occupied with its war in Ukraine, Iran focuses on defending its territory against U.S. and […]
By John Lee. Prime Minister Ali al-Zaidi has received the envoy of Libya's Government of National Unity, Al-Taher Salem Al-Baour, along with an accompanying delegation. Al-Baour delivered a letter from Libyan Prime Minister Abdul Hamid Mohammed al-Dabaiba, which affirmed the importance of strengthening bilateral relations between the two countries and expressed an interest in convening […]
From The New Region. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq to Slash Three Zeros from Currency, Introduce New Notes Iraq is set to remove three zeros from its currency in a bid to rebrand the dinar and support digitizing transactions to […]
By John Lee. An audit of Iraq's national pension system has identified 16,384 deceased individuals whose retirement payments had not been stopped, alongside widespread data errors and corruption involving pension branch managers in provinces formerly affected by terrorism. The Federal Commission of Integrity announced it has begun auditing pension files and cross-referencing data held by […]
By John Lee. Iraqi Prime Minister Ali al-Zaidi has announced plans to distribute one million residential land plots to citizens, with the last plot to be allocated within three years. He made the comments on Friday during a session at the eighth Baghdad Dialogue Conference, organised by the Iraqi Institute for Dialogue. According to the […]
By Ali Hussein Al-Khafajy, for Chatham House. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Sanctions have Reshaped, Rather than Weakened, the Economic Model of Iraq's Armed Groups Mounting US pressure on the financing channels of armed groups in Iraq may not weaken their […]
By John Lee. Loans for contractors on residential units at the Bismayah housing project are to be released through Rafidain Bank, following an emergency meeting between the National Investment Commission (NIC) and the Ministry of Finance. NIC Chairman Adel Dakhil Muhammad al-Yasiri met with Finance Ministry Undersecretary Dr. Ali Karim Hussein on Thursday to resolve […]
By John Lee. Iraq's Cabinet of Ministers has approved a set of measures to reform crude oil pricing and reduce fuel subsidies, effective from 1 September 2026. Under the approved measures: Crude oil purchases will be priced at either the State Oil Marketing Organization (SOMO) rate or the price stipulated in the general budget, whichever […]
By John Lee. Iraq has expressed interest in deepening economic ties with Italy and broader engagement with European Union member states. Prime Minister Ali al-Zaidi met with Italian Ambassador Niccolò Fontana in Baghdad on Sunday, with discussions covering bilateral relations and ways to develop cooperation across multiple sectors. According to the Prime Minister's Office, Ali […]
By John Lee. A delegation of Turkish business leaders has met Iraqi Prime Minister Ali al-Zaidi in Baghdad to discuss bilateral economic and investment cooperation. The delegation was led by Lütfi Elvan, former Deputy Prime Minister and Minister of Treasury and Finance of Turkey. According to the Prime Minister's Office, al-Zaidi invited Turkish companies to […]
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 […]
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 […]
