By John Lee. Construction is continuing on what is described as Iraq's largest boat marina, located on the banks of the Shatt al-Arab waterway. The marina will have a capacity of 50 boats and will include tourist facilities, a helicopter landing pad, and various ancillary works along its sides. Ahmad Jasim, Director General of the […]
By John Lee. Iraqi Drilling Company (IDC) has completed drilling of directional well ZB-679 at the Zubair oil field, on behalf of the Zubair Field Operating Authority. The well was drilled using rig IDC-56 to a depth of 3,846 metres at an inclination angle of 20 degrees. Mohammed Hantoush Asad Al-Azirgawi, Director General of IDC, […]
By John Lee. Prime Minister Ali al-Zaidi has met with representatives of the Iraqi Christian diaspora and Iraqi-American business figures from Michigan at the start of his visit to Washington DC. According to the Prime Minister's Office, discussions covered the situation of the Iraqi diaspora community and prospects for increasing their participation in investment and […]
By John Lee. The Central Bank of Iraq (CBI) has reportedly ruled that banks may disburse customers' dollar-denominated deposits in cash, effective 15 July 2026. According to the state-run Iraqi News Agency (INA), a CBI circular sets out the following provisions: Banks may continue to open foreign-currency accounts for customers, with customers entitled to withdraw […]
By John Lee. Iraq's Ministry of Planning has held talks with Germany's Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) on a German government-funded grant project focused on climate-responsive and inclusive urban development, known as CITIES+. The meeting, chaired by Dr. Mohammed Mohsen Al-Sayed, Director General of the Regional and Local Development Directorate, reviewed the technical requirements […]
From the Arab Center Washington DC. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq in the Wake of the Iran War: Governance, Security, and Economic Challenges The Arab Center Washington DC and the Center for Contemporary Arab Studies at Georgetown University organised a […]
By John Lee. Iraq and the United Kingdom have held talks aimed at finalising a cooperation agreement on hydrographic surveys and nautical chart production. The discussions focused on enhancing technical cooperation in surveying and the production of navigational charts for Iraqi territorial waters and the shipping channels leading to Iraqi ports, as well as supporting […]
By John Lee. A unified electronic platform for managing bran sales auctions is to be introduced by the General Company for Grain Processing, covering bidders in Baghdad and the governorates. According to Iraq's Ministry of Trade, the announcement came at a meeting held at the company's headquarters, chaired by Acting Director General Dr. Haider Nouri […]
By John Lee. Production at the Shaikan oil field in the Kurdistan Region of Iraq has ramped up to more than 43,000 barrels of oil per day (bopd) following a restart of production and export operations on 24 June 2026. Gulf Keystone Petroleum (GKP) said well activities are under way to bring additional production online […]
By John Lee. The Central Bank of Iraq (CBI) has announced enhancements to two of its developmental lending initiatives, raising the financing ceiling for small and medium enterprises (SMEs) and expanding support for renewable energy projects. According to the CBI, the measures are aligned with the National Banking Lending Strategy (2024-2029) and are intended to […]
By John Lee. A new sixth-generation fibre optic cable production line has been installed at Diyala General Company [Diyala State Company], a subsidiary of the Ministry of Industry and Minerals, with a design capacity of 15,000 kilometres per year. The line was installed under a partnership agreement with Al-Manthiqa Al-Dhakiyya General Trading and Telecommunications Services […]
By John Lee. IQD 14 billion ($10.7 million) in cash has been seized during an investigation into Adnan al-Jumaili, the detained deputy minister of oil for refining affairs, and associates implicated in the same case. The funds were found hidden in a rainwater drainage pit. According to Iraq's Supreme Judicial Council (SJC), the seizure resulted […]
