By John Lee. An Iraqi delegation has reportedly held talks with Iran on the smooth passage of oil tankers through the Strait of Hormuz, with expectations of reaching an understanding within the coming days. Minister of Oil Basim Muhammad Khudhair al-Abadi told the state-run Iraqi News Agency (INA) that the government's approach is based on […]
By John Lee. The Kurdistan Regional Government (KRG) has launched the second phase of the Gashanawa [Shine] Project, which will provide financial support of between IQD 1 million ($763) and IQD 150 million ($114,500) to 100 small and medium-sized enterprises in the agricultural and industrial sectors. According to the KRG's Department of Media and Information, […]
By John Lee. An Iraqi court has recovered IQD 20 billion (USD 15.3 million) in a financial and administrative corruption case. According to the Supreme Judicial Council (SJC), the funds were recovered by the Rusafa Investigation Court, which specialises in integrity and money-laundering cases, in connection with offences including financial fraud. (Source: Supreme Judicial Council)
By John Lee. Seven OPEC+ member countries have agreed to implement a production adjustment of 188,000 barrels per day (bpd) from their additional voluntary cuts, effective September 2026. The decision was taken at a virtual meeting on Saturday, which was attended by Iraq's Ministry of Oil. The seven countries involved are Saudi Arabia, Russia, Iraq, […]
By John Lee. An Iraqi-Turkish roundtable meeting has taken place in Baghdad, focused on strengthening economic and trade relations between the two countries. The meeting was chaired by Prime Minister Ali al-Zaidi and attended by a large number of Turkish business representatives, as well as a government delegation that included Minister of Trade Mustafa Nizar […]
By Reuben Gregg Brewer, for The Motley Fool. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Prediction: Chevron's Bold Moves in Iraq Will Reshape the Oil Stock Over the Next Decade Chevron has just agreed to something that could make geopolitical conflict in the […]
By Mustafa Saadoon, for Alhurra. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Exclusive: Iran War Has Cost Iraq $45 Billion Official sources said that collapsing oil exports and stalled development projects have inflicted massive losses on the country as Baghdad bets on deeper […]
By Tala Michel Issa, for Arabian Business. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. DP World Eyes Iraq, Jordan and Turkey Trade through Syria's $800m Tartous Port Overhaul DP World sees Syria's Port of Tartous becoming a logistics gateway to Iraq, Jordan, […]
By John Lee. Iraqi Airways is to resume flights between Baghdad and Moscow on Tuesday, following a five-month suspension. According to the Ministry of Transport, the service will operate twice weekly, on Saturdays and Tuesdays, beginning on Tuesday 4th August 2026. Flights were suspended for security reasons following an escalation of conflict in the region […]
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Water Flow Doubles after Agreement with Turkey: Iraqi PM Advisor Upstream water flows to Iraq have increased significantly as a nearly two-year water agreement between Baghdad and Ankara entered the implementation phase, an advisor […]
By John Lee. Iraq has signed an agreement with Turkey for the transport and loading of Iraqi crude oil via the Iraq-Turkey Pipeline (ITP) to the Turkish port of Ceyhan. The agreement was signed under the auspices of Minister of Oil Basim Muhammad Khudhair al-Abadi, with Turkey's Minister of Energy and Natural Resources also in […]
By Ahmed Tabaqchali, for the Atlantic Council. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. US Dollar Shipments to Iraq are a Molehill, not a Mountain As the Iran war ramped up, it was reported that the United States halted dollar cash shipments […]
