By John Lee. Iraq's Minister of Transport, Wahab Salman Mohammed, has met with EU Ambassador Clemens Simtner to discuss lifting the European aviation ban on Iraqi airlines. A technical meeting between the two sides is to be held to identify the requirements for lifting the ban. The minister emphasised the importance of progress on the […]
By John Lee. Iraq's Prime Minister, Ali al-Zaidi, met on Thursday with Turkey's Minister of Energy and Natural Resources, Alparslan Bayraktar, to discuss bilateral cooperation across a range of sectors. The Iraqi government's media office reported that talks covered energy, oil and gas, electricity, agriculture, and regional connectivity. During the meeting, Ali al-Zaidi highlighted plans […]
By John Lee. Iraqi officials held separate meetings with the Turkish ambassador to Iraq and a delegation of Turkish businessmen this week, focusing on expanding investment and trade cooperation between the two countries. According to the Prime Minister's Media Office, Prime Minister Ali al-Zaidi received Turkish ambassador to Iraq Anil Bora Inan, along with representatives […]
By Dr. Sura Mawfaq Maqsoud, for the Al-Bayan Center for Planning and Studies. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Geo-Economic Competition and Regional Balance: The Development Road and Iraq-Iran Railway Link as a Model Amid various international interactions, a number of major […]
By John Lee. The TIR international road transit system became fully operational in Iraq on 1 April 2025, with transport companies opening seven routes via the country and completing more than 1,000 operations within the first eight months, according to the International Road Transport Union (IRU). Iraq subsequently made TIR mandatory for all goods transiting […]
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. The Clock Is Ticking Down To Iraq's Economic Disaster On 27 July OPEC's second-largest oil producer, Iraq, has less than two months before it loses the key means to export its […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Beyond Hormuz: Can Iraq's 'Development Road' become a strategic corridor? The disruption of maritime flows through the Strait of Hormuz has underscored a structural vulnerability at the heart of the global economy. For […]
By John Lee. Iraq's National Investment Commission (NIC) has announced a new strategic vision aimed at delivering major projects to support Iraq's economy and sustainable development. The plan was presented during a meeting attended by members of parliament from the Reconstruction and Development bloc, where officials outlined a roadmap to advance investment activity and accelerate project […]
By John Lee. The International Finance Corporation (IFC), a member of the World Bank Group, is investing in Aloreen Company for Investments Limited to finance new port equipment and expand capacity at Umm Qasr, Iraq's only deep-water port. The financing package will support the procurement of: Four ship-to-shore cranes; Ten rubber-tyred gantry cranes. The investment […]
By John Lee. A $65-billion investment is planned to transform the Al-Tayeb border area into a multi-service economic city, according to the National Investment Commission (NIC). Commission Chairman Dr Haider Mohammed Makkiya (pictured) told the state-run Iraqi News Agency (INA) that Al-Tayeb is envisaged as an economic city covering more than 120,000 dunams, with total […]
By John Lee. Iraq's Ambassador to the Russian Federation, Abdul Karim Hashem Mustafa, met with Russian Deputy Foreign Minister for Economic Cooperation and Eurasian Integration, Alexander Anatolyevich Pankin (pictured), to discuss mechanisms for facilitating trade and enhancing investment cooperation between the two countries. According to the state-run Iraqi News Agency (INA), the meeting took place […]
By John Lee. The operational plan for the Development Road project has been reviewed, alongside progress on engineering designs and economic feasibility. The discussions were held during a meeting involving Oliver Wyman, the project's financial advisory firm, and BTP, the Italian engineering consultancy, at the headquarters of the Iraqi Republic Railways Company. Key points covered […]
