By John Lee. The Ministry of Trade has confirmed that Iraq's oil exports to the United States will not be affected by the newly announced 30-percent U.S. tariff, which was introduced by President Donald Trump to address the trade deficit with Iraq. Trade Ministry spokesperson Mohammed Hanoun said that oil exports are exempt from the […]
By Alexander Miller, for Eurasia Business News. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Russia eyes new oil deals in Iraq Russia is actively expanding its oil interests in Iraq, capitalizing on opportunities created by Baghdad's need to modernize its hydrocarbon sector and […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani received Richard Howe, Executive Vice President of Shell, on Thursday to discuss expanding cooperation in Iraq's energy sector and exploring further investment opportunities. The meeting addressed the execution of major energy projects under existing contracts with international companies, particularly in natural gas investment aimed at achieving self-sufficiency. […]
By John Lee. Kurdistan Human Rights Watch (KHRW) has won a contract with the United Nations Development Programme (UNDP) for the "Technical and on-the-job solar system training to the University of Kirkuk's students in Kirkuk city." Contract value is stated as $352,976.41. (Source: UNGM)
By John Lee. Prime Minister Mohammed Shia Al-Sudani has inaugurated the second phase of the wastewater treatment plant in Najaf, which now provides an additional 100,000 cubic metres per day of treatment capacity. He also launched implementation works for the Al-Nidaa district sewage project and the third phase of the Najaf treatment plant, which will […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Judicial drama puts spotlight on future of top Iraqi court The dust is settling after an unprecedented crisis in Iraq's Federal Supreme Court. Barely two weeks ago, nine judges submitted their resignations, paralyzing […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 10th July 2025. Please click here to view a table of listed companies and their associated ticker codes. RSISX Index Change RSISX Index Closings Change (w/w) (%) Change (YTD) (%) RSISX IQD Index 2,292.8 2.2% 1.9% RSISX USD Index […]
By Ahmed Tabaqchali, Chief Strategist of AFC Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. "Ten-year Anniversary & a First Visit to Iraq" The market, as measured by the Rabee Securities U.S. Dollar Equity Index (RSISX USD Index), was down 4.8% for […]
From IDG Security: How Do Local Regulations Affect Foreign and Local Businesses Differently in Iraq? Iraq presents a unique and complex environment for businesses, with its blend of immense economic opportunities and intricate regulatory challenges. For foreign investors, understanding how local regulations impact both foreign and local businesses is crucial to navigating this dynamic market. […]
By John Lee. The International Monetary Fund (IMF) has said that Iraq's economy is facing considerable headwinds, with non-oil sector growth slowing from 13.8 percent in 2023 to an estimated 2.5 percent in 2024, impacted by reduced public investment, a weaker trade balance, and financing constraints that led to the accumulation of arrears. Real GDP […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani has laid the foundation stone for the expansion of the Najaf [Al-Ashraf] refinery, a strategic project that will increase refining capacity by 70,000 barrels per day. The ceremony, held on Wednesday, marks the start of execution works for the project, which forms part of the government's broader […]
By John Lee. The Ministry of Transport has released air traffic statistics for June, highlighting a notable increase in civil aviation activity across Iraq's airports. According to the General Company for Air Navigation Services, Baghdad International Airport (BIAP) recorded the highest volume of arriving and departing flights. In total, 10,812 transit flights crossed Iraqi airspace […]
