By John Lee. The General Company for Iraqi Cement, a subsidiary of the Ministry of Industry and Minerals, has reported a significant increase in the production of oil-well cement grades B and G at its Babylon [Babil] plant in February. According to the company, the plant produced 3,240 tonnes during February, a substantial rise compared […]
By Simon Watkins for OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq's Oil Collapse Sparks Race for New Export Routes April was indeed the cruellest month for decades for Iraq's crude oil production, with an average of 1.389 million barrels per day […]
From Shafaq. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq's "Swiss dinar" still lives in Kurdistan livestock markets More than 35 years after Iraq's old "Swiss dinar" disappeared from circulation, livestock traders across the Kurdistan Region still use the former currency as the […]
By John Lee. Iraq's General Directorate of Industrial Development, a division of the Ministry of Industry and Minerals, issued 124 preliminary licences for new industrial projects in March. The licences covered multiple industrial sectors and were distributed across several governorates. Baghdad led with 30 licences, followed by Basra and Nineveh with 18 each, and Anbar […]
By John Lee. The Iraq Securities Commission (ISC) has issued a circular to all brokerage companies requiring the adoption of a new risk-based supervisory guide covering the institutional framework and core elements of risk-based oversight and supervision. It says the measure is in line with recommendations from the Financial Action Task Force (FATF) and forms […]
By John Lee. Iraq's Council of Ministers has approved a scheme to supply private generator owners with gas oil at a subsidised price of IQD 200 per litre (approximately $0.15), down from IQD 400 per litre ($0.31), for the next three months. Under the scheme, operators will receive 40 litres per month for each KVA […]
By John Lee. A co-operation and transport agreement has been signed between Iraqi Airways and the Iraqi Football Association (IFA) to support national teams during international competitions. The agreement was signed by Iraqi Airways Director General Manaf Abdul Moneim Ajil and Iraqi Football Association President Captain Adnan Darjal, under the auspices of Transport Minister Wahab […]
By John Lee. A number of new electronic forms have been added to the "Ur" government services portal, covering several of its internal departments. According to the Iraqi Cabinet, the new forms cover the following services: Survey on services provided by the Iraqi consulate (Department of Ceremonies) Assessment form for Iraq's competitiveness report on global […]
By John Lee. According to the Iraq Securities Commission (ISC), its board resolved the following at its fifth session, held on 12th May: The shares of Al-Qabas Insurance Company were approved for listing, deposit and trading on the Iraq Stock Exchange's non-listed companies platform (OTC). The shares of Al-Reebas Poultry and Feed Company were approved […]
By John Lee. The Governor of the Central Bank of Iraq (CBI) has explicitly dismissed any plan to adjust the official dinar foreign exchange rate. According to a report from Iraqi News, Ali Mohsen Al-Alaq confirmed that the current monetary policy remains committed to maintaining the official rate of 130,000 IQD per 100 USD. The Governor […]
By John Lee. According to the Iraq Securities Commission (ISC), the market capitalisation of shares listed on the Iraq Stock Exchange rose 22.2% year-on-year in the first quarter of 2026, reaching approximately IQD 26.9 trillion ($20.5 billion). The ISC's first quarterly report for 2026 also recorded trading value of approximately IQD 59.8 billion ($45.6 million), […]
By John Lee. The 11th edition of the Najaf International Trade and Industry Fair has opened in Najaf province, with participation from more than 250 local and foreign companies across commercial, industrial, and services sectors. According to the Ministry of Trade, the fair runs from 13th to 23rd May 2026, open daily from 4pm to […]
