By John Lee. Iraq's Minister of Electricity, Ali Saad Wahib, has met with the UK Ambassador to Iraq, Irfan Siddiq, to discuss cooperation in the electricity sector. The meeting covered solar energy projects, smart metering systems, and improvements to electricity generation, transmission, and distribution infrastructure. The ambassador expressed the United Kingdom's readiness to support the […]
From Kurdistan24. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq's Domestic Debt Surpasses 113 Trillion Dinars Domestic debt grew by nearly 23 trillion dinars in the first eight months of 2026, driven by Finance Ministry drawings on the Central Bank, while foreign currency […]
By John Lee. A Czech-Iraqi water forum has been held in Baghdad under the theme "Czech Solutions for Iraq's Water," bringing together Iraqi officials and a delegation of Czech companies specialising in water management, wastewater treatment, desalination, and smart water technologies. According to the Ministry of Construction, Housing and Public Municipalities, the forum aimed to […]
By John Lee. The General Company for the Manufacture of Pharmaceuticals and Medical Supplies in Samarra has resumed production of Lidomax, a topical local anaesthetic, after a halt of more than four years. The company, which operates under the Ministry of Industry and Minerals, said the product has been returned to the local market. The […]
By Noam Raydan, for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq's Energy Challenges Amid the Hormuz Crisis The recent rebound in crude exports is welcome but only partial, and officials have yet to find answers […]
By John Lee. A tanker was reportedly struck by an unknown projectile approximately 30 nautical miles south-east of Al Faw, Iraq. According to the United Kingdom Maritime Trade Operations (UKMTO), the crew are safe and no damage or environmental impact has been reported. UKMTO issued Warning 180-26 on 20 October 2026, noting the report was […]
By John Lee. A new associated gas processing and utilisation system (GCS) has been commissioned at the second separation station of the Garraf oil field in Dhi Qar, with an operating capacity of 15 to 22 million standard cubic feet per day (mmscfd). The opening was held under the patronage of Oil Minister Basim Muhammad […]
By John Lee. China's ZTE Corporation has signed a Memorandum of Understanding (MoU) with Mannai Digital Transformation, a regional ICT solutions and services provider, at the 5th Iraq International Telecommunications and Information Technology Exhibition and Conference (ITEX IRAQ 2026). Communications Minister Mustafa Jabbar Sanad attended the signing. The MoU focuses on digital transformation in Iraq, […]
By John Lee. Somalia and Iraq have held talks on activating their bilateral joint committee and expanding economic and agricultural cooperation, including the potential launch of Somali livestock exports to Iraq. According to the Ministry of Foreign Affairs of Somalia, the discussions took place on the sidelines of the 52nd OIC Council of Foreign Ministers […]
By John Lee. Five grain storage silos are being built across Iraq by Switzerland-based Bühler, covering the provinces of Najaf, Anbar, Muthanna, Wasit, and Kirkuk. Bühler is responsible for the electromechanical works, while Samco is carrying out civil construction. Minister of Trade Mustafa Nizar Jumaa visited Bühler's headquarters in Switzerland, accompanied by Dr Haider Nouri […]
By John Lee. Gulf Keystone Petroleum (GKP) and ShaMaran Petroleum have agreed to merge in a transaction valuing ShaMaran's entire issued share capital at approximately $601 million. The deal will create a combined company with a pro-forma market capitalisation of more than $1 billion, focused on oil production in the Kurdistan Region of Iraq and […]
By John Lee. Rafidain Bank has been directed to launch employee loans, streamline application procedures, and expand financing for the private sector. Finance Minister Faleh Sari issued the instructions during a visit to the bank on Monday, where he chaired a meeting with Director General Dr. Ali Karim and senior officials. During the visit, Sari […]
