By John Lee. The Government of Iraq, with support from the United Nations Human Settlements Programme (UN-Habitat) and funding from the European Union (EU), has launched the National Housing Policy (NHP) 2025-2030, providing a comprehensive framework to address the country's housing challenges and promote equitable, sustainable urban development. Prime Minister Mohammed Shiaa Al-Sudani praised the […]
By John Lee. The Ministry of Oil has inaugurated the strategic Third Offshore Pipeline Project ('Sealine 3' Project), one of the most important initiatives aimed at strengthening Iraq's southern crude oil export system. Deputy Prime Minister for Energy Affairs and Minister of Oil Hayan Abdul Ghani said during the inauguration ceremony in Basra that the […]
By John Lee. The US Department of the Treasury's Office of Foreign Assets Control (OFAC) has imposed new sanctions targeting individuals and companies accused of helping the Iranian regime evade US sanctions, smuggle weapons, and engage in corruption through networks operating in Iraq. According to a statement from OFAC, the designations target Iraq-based financial and […]
By John Lee. The Central Bank of Iraq (CBI) Governor, Ali Mohsen Al-Allaq, met in Baghdad with the Representative of Institutional Clients and International Transaction Banking at Germany's Commerzbank, to explore avenues for strengthening bilateral financial cooperation. Discussions focused on expanding banking relations between Iraqi banks and Commerzbank to support economic activity and deepen financial […]
By John Lee. The National Investment Commission (NIC) has announced the start of administrative procedures to designate the Al-Tayeb area in Maysan as a district, paving the way for its transformation into a major multi-service economic city and strategic investment opportunity. NIC Chairman Dr. Haider Mohammed Makiya said the Commission has received the master planning […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Fragile accord sees resumption of oil exports from Iraqi Kurdistan Iraqi federal authorities and the Kurdistan Regional Government (KRG) are celebrating an agreement to resume oil exports via Turkey after a two-and-a-half year […]
By Noam Raydan and Soner Cagaptay, for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. How Renewed Oil Flows from the ITP Could Benefit U.S.-Iraq-Turkey Relations The potential economic and strategic benefits of reopening the northern Iraqi […]
By John Lee. The World Bank projects Iraq's economy will shrink by 0.9 percent in 2025, marking a downgrade of 2.3 percentage points from the April forecast. The contraction is mainly attributed to reductions in oil output as Iraq adjusts production to align with OPEC+ commitments. However, economic growth is expected to rebound strongly to […]
By John Lee. The historic Nazarke Fortress in Duhok - once a detention and torture site under the Ba'ath regime - will be restored and converted into a museum at a cost of $5 million. The project will memorialise the victims of the Anfal campaign, preserving evidence and testimonies of atrocities committed against the Kurdish […]
By John Lee. The State Company for Mining Industries, part of Iraq's Ministry of Industry and Minerals, has announced the completion of a new project to produce xylene, solvents, and high-quality refined fuel, in partnership with the private sector. Director General Eng. Mohammed Qasim Muftin said the fully completed project includes six integrated production units […]
By John Lee. Iraq's Minister of Electricity, Eng. Ziyad Ali Fadel, met with a senior delegation from U.S.-based Excelerate Energy to discuss plans for importing and processing liquefied natural gas (LNG) through a floating platform at Khor al-Zubair in preparation for summer 2026. The Government of Iraq issued an Award Letter to Texas-based company last […]
By John Lee. Prime Minister Mohammed Shia' Al-Sudani on Sunday evening inaugurated the Al-Talae-Al-Bayjiya overpasses and the Sheikh Ma'ruf Mosque intersection in Baghdad's Karkh district. The project is the 14th of 16 traffic decongestion projects included in the government's first infrastructure package, supervised by the Ministry of Construction, Housing, and Public Works. The new overpasses […]
