By John Lee. Iraq's Minister of Oil Hayan Abdul Ghani has held talks in Baghdad with Syrian Minister of Energy Mohammad Bashir, focusing on cooperation in oil, gas, and energy. Discussions covered Iraq's plans to diversify crude oil export routes amid rising production, including rehabilitating or replacing the Iraq-Syria export pipeline, which was active in […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani has chaired the periodic meeting of the Supreme Council of Youth, coinciding with World Youth Day and the second anniversary of the Council's establishment. The meeting was attended by several ministers and senior advisers. The Council approved reallocating IQD 75 billion [$57 million] recovered from Agricultural Initiative […]
By John Lee. Central Bank of Iraq (CBI) Governor Ali Mohsen Al-Alaq and the CBI's specialist team have met with consultancy firm Oliver Wyman to review the Iraqi Private Banks League's comments on the national banking reform plan. The Governor confirmed that the CBI had completed an in-depth discussion, during which participants showed understanding of […]
By John Lee. Jameel Motors has signed an agreement with China's Chery Group to distribute the OMODA & JAECOO vehicle brand in Iraq, marking a first market entry for both companies. According to a press release, the distribution rights were secured through a competitive process involving local and international firms. It adds that Iraq's automotive […]
By John Lee. As part of its measures to address water scarcity, the Iraqi government has approved the award of the Common Seawater Supply Project (CSSP-ITT-05) tender for the Artawi [Ratawi] oil field to Hyundai Engineering & Construction of South Korea. The contract covers engineering, procurement, supply, construction, commissioning, and operation (EPSCC) of the seawater […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani has inaugurated gas turbine unit No. 13 at the Bismayah Gas Power Plant, adding 300 MW to the facility's output. He also opened refurbished units that restored around 210 MW, bringing the plant's total generation capacity to 5,000 MW. Al-Sudani praised the efforts of the private sector, […]
By John Lee. Karmal Brokerage has secured approval from the Iraq Stock Exchange (ISX) to launch a comprehensive digital transformation project in preparation for operations on the "Tabadul" electronic trading platform. According to a press release, the initiative, the first of its kind in Iraq's financial market, supports the government's vision to enhance transparency and […]
By John Lee. The Central Bank of Iraq (CBI) has launched the second edition of its Security Permits Platform, aimed at enhancing the management and organisation of security clearances for authorised bank personnel and their vehicles during cash withdrawal and deposit operations. The CBI's Security Permits Office held an interactive workshop outlining the platform's features, account […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Turkey Ends ITPA- Submission to Blackmail or Preservation of Iraqi Sovereign Rights and National Interests The Turkish government officially ended, on 21 July 2025, the Iraqi Turkish Oil Pipeline Agreement-ITOPA, effective on […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani has inaugurated five major food industry projects worth $2 billion [IQD 2.6 trillion] in Karbala, operated by Etihad Food Industries. The initiatives focus on meat production, dairy, and fish farming. Al-Sudani praised Etihad as a key private sector partner supporting local market needs and highlighted the importance […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani has launched construction of the South Karbala Water Project, with a capacity of 16,000 cubic metres per hour, during a visit to Karbala Governorate. The 702.5-billion-Iraqi-dinar [$539 million] project, located near Karbala International Airport, will feature a main treatment plant, eight pumping stations, an intermediate station near […]
By John Lee. The Iraqi Ministry of Planning held a workshop on August 7, 2025, to review and discuss the final draft of the National Policy for the Development of Micro, Small, and Medium Enterprises (MSMEs). This policy is set to be adopted as a key national document supporting this vital sector, with ongoing technical […]
