By John Lee. Iraqi Civil Aviation Authority (ICAA) has extended the closure of Iraqi airspace to all arriving, departing and transit aircraft until 12:00 noon on Wednesday. The authority said the decision was taken as a temporary and precautionary measure, based on an ongoing assessment of the security situation and in light of regional developments […]
By John Lee. Al-Zawraa General Company, one of the companies under the Ministry of Industry and Minerals, has signed a contract with Midland Refineries Company (MRC), part of the Ministry of Oil, to supply 85,000 water filters. Director General Eng. Muhannad Jabbar Al-Khazraji said the contract forms part of the company's strategy to support the […]
By John Lee. Iraqi air defences have intercepted and shot down nine drones targeting military sites in Dhi Qar and Basra provinces, according to updates from the Joint Operations Command. Four drones were downed after attempting to strike a military location inside Imam Ali Air Base in Dhi Qar province. Two were intercepted at 22:50, […]
By John Lee. The Iraqi government has reaffirmed its rejection of war and military escalation following attacks on Iraqi sites, during a security meeting chaired by Prime Minister Mohammed Shia Al-Sudani. The meeting, held at the Joint Operations Command headquarters, reviewed the security situation after several Iraqi locations were targeted, resulting in fatalities and injuries. […]
By John Lee. Air strikes targeted the Jurf Al-Nasr area, north of Babil province, at 11:50am on Saturday, resulting in two fatalities and three injuries. According to a statement from the Joint Operations Command, further details will be provided at a later stage. (Source: Joint Operations Command)
By John Lee. The International Finance Corporation (IFC), a member of the World Bank Group, is investing in Aloreen Company for Investments Limited to finance new port equipment and expand capacity at Umm Qasr, Iraq's only deep-water port. The financing package will support the procurement of: Four ship-to-shore cranes; Ten rubber-tyred gantry cranes. The investment […]
By John Lee. The Central Bank of Iraq (CBI) has announced completion of the principal phase of its comprehensive reform programme for commercial, Islamic and foreign bank branches operating in Iraq. According to the Bank, all Iraqi banks have submitted the required documentation under the "minimum requirements" framework, selecting one of three pathways: Continuing in […]
By John Lee. The National Investment Commission (NIC) has granted an investment licence for what is described as Iraq's first private hospital dedicated to addiction treatment and mental health care. The licence was awarded for the "Ritaj Baghdad Health Educational Project", to be developed by Abraj Al-Ritaj Company. According to the Commission, the project will […]
By John Lee. Iraq's Ministry of Oil has announced finalised oil export volumes for January 2026. Total exports of crude oil (including condensates): 107,616,220 barrels. Exports from the oil fields in central and southern Iraq amounted to 101,160,349 barrels. Exports from the Kurdistan Region via the Turkish port of Ceyhan amounted to 6,455,871 barrels. Average […]
By John Lee. Iraq's Council of Ministers has authorised the Ministry of Electricity to contract Excelerate Energy for the construction of a floating platform to import liquefied natural gas (LNG). The decision forms part of ongoing efforts to establish a floating LNG import terminal and is based on Cabinet Decision No. 878 of 2025. In […]
By John Lee. MoneyHash has announced a partnership with Wayl to support international and regional businesses expanding into Iraq's payments and e-commerce market. Under the agreement, MoneyHash will extend its payment orchestration services into Iraq by integrating Wayl's local payment infrastructure, enabling merchants to navigate domestic payment requirements and operational frameworks. Through the partnership, merchants […]
By John Lee. US-based KBR has been awarded a major contract by Basra Oil Company (BOC) to provide Integrated Field Management Services (IFMS) for the Majnoon oil field in southern Iraq. Majnoon is one of the world's largest oil fields, with estimated reserves of more than 38 billion barrels. Under the IFMS contract, KBR will deliver: […]
