By John Lee. CRC Dorra has signed a construction contract with ORA Iraq (part of Egypt's ORA Developers) for Phase One of the Ali Al-Wardi Residential City (City of Roses / Madinat al-Ward) project in Iraq. The signing took place in the presence of Naguib Sawiris, Chairman of ORA, and Mohamed Dorra, Vice Chairman of […]
From Fitch Solutions / BMI. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq Vehicle Sales Outlook Deteriorates Amid Conflict And Logistics Disruptions We maintain a bearish outlook for Iraq's automotive market in 2026, as the economic and security fallout from the US-Iran conflict […]
By John Lee. Nizar Nasser Hussein, Governor of the Central Bank of Iraq (CBI), has reportedly been elected Deputy Chair of the Council of Governors of Arab Central Banks and Monetary Institutions. According to the state-run Iraqi News Agency (INA), the position is described as the second-highest in the Arab world in the fields of […]
By John Lee. The United Nations Office for Project Services (UNOPS) has awarded a contract for the rehabilitation of 42 category III housing units in Sinjar District, Ninewa Governorate. The contract has been awarded to Alshiaar Company for Trading and General Contracting Ltd., with a value of $531,610. (Source: UNOPS)
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Deep Dive: Iraq Caught in Middle as Trump Pursues 'Air Blockade' of Iran New US sanctions targeting more than two dozen Iranian airlines took effect on 23rd September, threatening any entity serving the […]
By John Lee. Iraq has declared full sovereignty following the complete withdrawal of international coalition forces from the country by land, air, and sea, with effect from 1 October 2026. In a statement, Prime Minister Ali al-Zaidi said the withdrawal marks the beginning of a new phase in which Iraq will operate as a fully […]
By John Lee. Iraqi Airways is preparing to resume flights to Iran in October, after a suspension that has been in place since March. The flights are expected to depart initially from Najaf International Airport, pending completion of the required regulatory and technical procedures. According to the Ministry of Transport, the airline has obtained a […]
By John Lee. Iraq's Council of Ministers has approved a ban on the export of copper and its alloys, aluminium and its alloys, lead, and iron alloys in all forms and scrap, citing urgent domestic industrial need and the requirement to ensure adequate supply to local factories. The decision also restricts the domestic trading of […]
By John Lee. UK-based law firm Hagens Berman EMEA says it has sent a letter before action to BP, giving notice of intended legal proceedings over alleged gas flaring pollution at the Rumaila oil field near Basra, which the firm links to elevated rates of cancer and respiratory illness in surrounding communities. The letter, sent […]
By John Lee. A specialist training course on risk management and environmental, social, and governance (ESG) standards has been held for staff from a number of banks operating in Iraq. The course was organised by the Iraqi Private Banks League (IPBL) in cooperation with the International Finance Corporation (IFC), a member of the World Bank […]
By John Lee. Sweden's Newbury Pharmaceuticals AB has signed a ten-year exclusivity agreement with an unnamed Chinese pharmaceutical manufacturer, granting it exclusive rights to register, market and sell a portfolio of 40 products in Iraq. The deal was signed through its subsidiary Newbury Pharmaceuticals S.A. The portfolio centres on injectable medicines for hospital and acute care […]
By John Lee. Iraq's Ministry of Transport is advancing preparations for direct negotiations with the UK Hydrographic Office (UKHO) on a memorandum of understanding (MoU) aimed at strengthening technical cooperation and developing national hydrographic capabilities. According to the Ministry of Transport, a dedicated committee reviewed a revised draft MoU prepared in coordination with relevant government […]
