By Wladimir van Wilgenburg, for the Carnegie Endowment for International Peace. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Kurdish Rebel Groups Are Wary of Tehran's Next Move Following its deal with the United States, Iran may act against Iraq-based dissidents. Click here […]
By John Lee. A development contract for the Hamrin oil field has been signed between North Oil Company (NOC) and US-based HKN Energy, in a ceremony attended by Minister of Oil Basim Muhammad Khudhair al-Abadi. Under the contract, peak production at the field is expected to reach 140,000 barrels per day, with associated gas output […]
By John Lee. Iraq's prime minister has pledged to pursue corruption cases without exception, seek a fairer OPEC production quota, and announce a political and economic partnership with the United States, in a wide-ranging interview broadcast on Al Arabiya. Ali al-Zaidi told Al Arabiya that anti-corruption efforts would be pursued without regard to sectarian, ethnic, […]
By Devorah Margolin and Gabriel Wein, for the Washington Institute for Near East Policy. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraqi Visit Can Help Shape the Future Fight Against the Islamic State Despite other pressing priorities and the imminent end of […]
By John Lee. The Central Bank of Iraq (CBI) has issued new regulatory instructions governing the mechanism for meeting foreign currency demand for citizens travelling abroad, reducing the monthly cash allowance for an adult traveller to $2,000, down from $3,000. According to the CBI, the move forms part of a package of regulatory reforms aimed […]
By John Lee. The European Union Aviation Safety Agency (EASA) has issued a new advisory recommending that airlines avoid Iraqi airspace entirely, citing continued risks from regional conflict. The advisory, numbered CZIB-2026-05, covers the whole of FIR Baghdad (ORBB) at all altitudes and flight levels. It is valid until 31 August 2026, unless reviewed earlier. […]
By John Lee. Iraq's Ministry of Planning held the seventh meeting on Tuesday of the committee overseeing preparations for the Fourth Arab Summit for Entrepreneurship, which is due to be hosted in Iraq in November. According to the Ministry of Planning, the meeting was chaired by Deputy Minister of Planning for Technical Affairs Dr. Maher […]
By John Lee. Iraqi Airways is to launch direct flights between Kirkuk and the Turkish city of Antalya from 14 July, operating twice weekly on Tuesdays and Fridays. The airline's Director General, Manaf Abdul Moneim, said the new route coincides with the summer holiday season and rising passenger numbers, with the twice-weekly schedule intended to […]
By Mujab Salaheddine, for OCCRP. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq Intensifies Anti-Graft Drive with Dozens of High-Profile Arrests, Asset Seizures While the government's latest crackdown resulting in the arrest of top officials and the seizure of millions has won praise, […]
By John Lee. KAR Electrical Power Plant Production Trading FZE (KEPPT) has engaged JP Morgan to arrange development financing for a $1.6 billion urea plant in Basra. According to a statement from KEPPT, the company will work with the bank to progress financing for the project in conjunction with several leading export credit agencies. The […]
By John Lee. Iraq's Ministry of Planning has held talks with Germany's Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) on preparing a proposed strategic project to support the transition in Iraq's electricity and renewable energy sector. According to a statement from the Ministry, the project, which remains under study, aims to develop sector policies, improve energy […]
By John Lee. The Ministry of Trade has launched official channels for reporting corruption cases within its departments, to be overseen directly by the Minister. According to the Ministry of Trade, citizens and staff are being encouraged to submit reports backed by documents or evidence of corruption or the waste of public funds, via a […]
