By John Lee. The Deputy Prime Minister for Energy and Minister of Oil, Hayan Abdul Ghani Al-Sawad, has formally assumed his duties as Acting Minister of Electricity, following an official mandate from the Council of Ministers. He replaces Ziyad Ali Fadhil [Fadel], who has taken up his seat as a member of parliament. According to […]
By John Lee. Iraq's Commission of Integrity has recovered more than $3 million in embezzled funds belonging to the Baghdad Municipality, following a favourable ruling by the Lebanese judiciary in support of the Iraqi government. The authority said the recovery was achieved through close coordination with the Iraqi Embassy in Beirut, leading to enforcement of […]
By John Lee. The State Company for Automotive Industry (SCAI), under the Ministry of Industry and Minerals, has completed production of the first batch of 360 single-cabin Kia field vehicles, assembled entirely by Iraqi hands in partnership with Kia Motors of South Korea. The company's Director General, Dana Saadallah Saeed, announced that the vehicles, model […]
By John Lee. The Ministry of Oil has reviewed progress on the Gas Growth Integrated Project (GGIP) in Basra during a site visit to the Artawi [Ratawi] oilfield. Undersecretary for Extraction Affairs Bassem Mohammed Khudair inspected key projects being implemented by TotalEnergies, in partnership with QatarEnergy and Basra Oil Company (BOC). The visit covered the […]
By John Lee. Iraq's Ministry of Transport has announced a series of measures agreed with Egypt to facilitate road transport of passengers and goods between the two countries. The decisions were reached during the first meeting of the joint technical committee, held in Cairo on 13-14 January 2026, as part of the implementation of the […]
By John Lee. Al-Zawraa General Company, part of the Ministry of Industry and Minerals, has signed a new contract to supply, install and operate a hybrid solar power plant for the Arab Oil Training Institute. The project will have a capacity of 120 kW, supported by lithium battery storage with a capacity of 122 kWh, […]
By John Lee. Finance Minister Taif Sami Mohammed has assumed the duties of Minister of Transport on an acting basis, following a directive from Prime Minister Mohammed Shia al-Sudani. The move comes after the former Transport Minister, Razzaq Muhaibas al-Saadawi, was sworn in as a member of parliament. According to Article 49 of the Iraqi […]
By John Lee. The General Secretariat of the Council of Ministers has held the first meeting of the committee supporting women's economic empowerment in the agricultural and environmental sectors. The committee was formed under Diwani Order No. 89 of 2025. The meeting took place at the General Secretariat of the Council of Ministers. The Deputy […]
By John Lee. The Central Bank of Iraq (CBI) has reportedly set the interest rate for its solar energy financing initiative at no more than 2.5%, as part of efforts to encourage citizens and companies to invest in renewable energy. State-run Iraqi News Agency (INA) quotes Rafal Jameel, Director of Initiatives at the Central Bank, […]
By John Lee. Russia's Lukoil has signed an agreement with US investment company Carlyle for the sale of LUKOIL International GmbH, a wholly owned subsidiary that holds the its international assets. The agreement is non-exclusive and subject to regulatory approval, including permission from the US Department of the Treasury's Office of Foreign Assets Control (OFAC). Lukoil […]
By John Lee. Prime Minister Mohammed Shia' al-Sudani has launched a project to automate property sale and ownership transfer transactions at the General Directorate of Real Estate Registration within the Ministry of Justice. The system is intended to support administrative and financial reform, improve transparency, and protect citizens' property rights. Al-Sudani said the directorate is […]
By John Lee. State-owned Rafidain Bank has announced the launch of the 50th tranche of its Riyada wa Tamayuz (Entrepreneurship and Excellence) initiative to support small and medium-sized enterprises. The tranche totals IQD 1 billion (approximately USD 0.77 million) and will benefit 82 recipients. According to a statement from the bank's media office, the funding is […]
