By John Lee. The Iraqi Ministry of Justice has announced a major legal settlement with three Dutch companies. It said that the companies had filed international lawsuits against Iraq with claims amounting to about $800 million [IQD 1.04 trillion]; following "sustained legal and technical negotiations," the amount was reduced to $80 million [IQD 104 billion], […]
By John Lee. [Update: On 16th October 2025, Citi Pharma clarified to the Pakistan Stock Exchange that no decision had been made to open a factory in Iraq. Our article below was based on a post that Citi Pharma published on its own Facebook page, in which it clearly states, "We are excited to announce […]
By John Lee. Genel Energy and DNO have issued statements relating to recent media reports of an agreement on the export of oil from Iraqi Kurdistan via the Iraq-Turkey Pipeline to the port of Ceyhan. DNO, the largest operator in the Kurdistan Region, said it is eager to resume exports but "pursuant to agreements that […]
By John Lee. Basra Oil Company (BOC) and China Petroleum Pipeline Engineering (CPPE) have signed a contract for a 950-kilometre seawater distribution pipeline network to supply multiple oilfields in southern Iraq, with project supervision by Austria's ILF Consulting Engineers. The contract forms part of Iraq's strategic Common Seawater Supply Project (CSSP), which includes a central […]
By John Lee. Prime Minister Mohammed Shiaa Al-Sudani has officially declared Babylon as the "Industrial Capital of Iraq," marking a significant milestone in the country's industrial development. During a ceremony at Al-Mutahida Packaging in Babylon, Al-Sudani inaugurated a plastic ampoules and caps factory with a capacity of 120,000 tonnes annually, a flexographic printing plant with […]
By John Lee. The Second Karkh Investigation Court in Baghdad has recovered 2 billion Iraqi dinars [$1.5 million] in connection with a financial fraud case. According to the Supreme Judicial Council, the funds were retrieved from two companies that had illegally profited from discrepancies in the dollar exchange rate through fraudulent foreign transfer operations. The […]
By John Lee. Prime Minister Mohammed Shiaa Al-Sudani has laid the foundation stone for Iraq's first factory to make plastic granules. The facility, in Babylon province, will have a capacity of 300 tonnes per day. Developed by Al-Mutahida Packaging, the project is expected to support local industry, reduce import dependency, and create new job opportunities […]
By John Lee. Iraq's Commission of Integrity and the Iraqi National Security Service have signed a cooperation agreement aimed at strengthening joint efforts to combat corruption and crimes that threaten national security and Iraq's economic interests. The agreement covers the exchange of information on corruption suspects and the recovery of stolen assets, as well as investigations […]
By John Lee. The Orbital Green Belt Project has been launched in Erbil Governorate to encircle the city with a protective green zone, part of the wider master plan. The initiative is designed to improve the urban environment, mitigate climate impacts, and enhance residents' quality of life. The project will plant 7 million olive and […]
By John Lee. Prime Minister Mohammed Shiaa al-Sudani on Saturday launched "Iraq Vision 2050: Towards Development and the Future" at a ceremony attended by government leaders, private sector representatives, diplomats, academics, and media professionals. The official government press release did not make the plan available to the public. Al-Sudani praised the work of the National […]
By John Lee. Prime Minister Mohammed Shiaa al-Sudani has approved the launch of an official electronic signature system for state institutions, the private sector, and citizens. The measure implements the Electronic Signature and Electronic Transactions Law No. 78 of 2012 and its 2025 regulations. Al-Sudani and Minister of Communications Dr Hiyam al-Yasiri carried out the […]
By John Lee. UAE-based Dragon Oil has signed a series of strategic memoranda of understanding with key companies operating in Iraq's oil projects. The agreements include an MoU with China's Anton Oilfield Services, and another with Iraqi firm Nahdat Al-Bina for Contracting. According to the company, the memoranda open new opportunities to strengthen cooperation, support […]
