By John Lee. Iraq and Australia have discussed expanding cooperation in the financial and banking sectors, with a focus on economic reform, development, and knowledge-sharing. During a meeting in Baghdad, Finance Minister Faleh Al-Sari and Australian Ambassador Glenn Miles reviewed opportunities to strengthen economic relations between the two countries. The discussions covered a range of […]
By John Lee. The Food and Agriculture Organization of the United Nations (FAO) has provided productive assets and agricultural inputs to rural women and farmers in Karbala Governorate to support agricultural production and strengthen resilience to climate-related challenges. The initiative was delivered under two FAO projects implemented in partnership with the Ministry of Agriculture and […]
By John Lee. Iraq's Ministry of Oil has announced finalised oil export volumes for April 2026. Revenue of just over $1 billion was significantly down on pre-war levels, which were typically between $6-7 billion. Total exports of crude oil (including condensates): 9,884,130 barrels. Exports of Basra oil amounted to 4,587,610 barrels. Exports from the Kurdistan […]
By John Lee. Progress on the Kirkuk oil field development project has been reviewed during a meeting of the joint management committee overseeing the initiative. The meeting, chaired by Deputy Oil Minister for Upstream Affairs Bassem Mohammed Khudhair, covered ongoing work on the project, which is being implemented by BP. The development, considered a major […]
By John Lee. Measures to support Iraq's cement industry and enhance self-sufficiency have been discussed at a meeting between the Ministry of Industry and Minerals and private sector operators. The meeting, chaired by Industry Minister Khaled Battal Al-Najm, brought together representatives of clinker grinding plants and cement producers, alongside officials from the State Company for […]
By John Lee. A temporary opening has been announced for the Hamrin concrete bridge in Diyala province, following completion of 90 percent of construction works. According to the Ministry of Construction, Housing, Municipalities and Public Works, the decision was taken to facilitate movement after rising water levels in the nearby lake caused damage to an […]
By John Lee. A contract has been signed to drill 17 horizontal wells in the East Baghdad South oil field, as part of ongoing development efforts in Iraq's central region. The agreement was concluded between Iraqi Drilling Company (IDC) and Chinese firm EBS Petroleum [Zhenhua Oil], in the presence of Midland Oil Company Director General Mohammed […]
By John Lee. A committee has been established to audit the performance and operations of Iraqi Airways, following a directive from the Prime Minister. The committee, chaired by the Commission of Integrity, will include representatives from the Federal Board of Supreme Audit (FBSA) and the Prime Minister's Office monitoring department. Its mandate covers reviewing operational performance, […]
By John Lee. The Central Bank of Iraq (CBI) has confirmed that all requests for US dollars from banks and exchange companies have been fully met, covering pilgrims, travellers, and external transfers. The bank stated that authorised exchange companies permitted to sell dollars to travellers and pilgrims are listed on its official website, ensuring regulated […]
By John Lee. The Rabia border crossing between Iraq and Syria has reopened after 13 years, restoring a key trade route between the two countries. The reopening follows the completion of rehabilitation and reconstruction works covering infrastructure and service facilities, reflecting improved security conditions in border areas and a broader push to strengthen regional trade […]
By John Lee. The Iraqi Securities Commission (ISC) has approved the listing, deposit, and trading of shares for three companies on the over-the-counter (OTC) platform. The decision was taken during the Commission's fourth session held on 16th April 2026. The companies admitted to the OTC platform are: Al-Batak Insurance Company Asia Insurance Company Al-Sharq Insurance Company […]
By John Lee. Iraq's parliamentary Investment and Development Committee has discussed measures to enhance the country's investment environment and support economic growth. The committee, chaired by MP Nahida Al-Dayni, met to outline its work programme and develop a roadmap aimed at improving investment conditions. During the session, members emphasised the importance of strengthening oversight of […]
