By John Lee. A wide-scale campaign to remove illegal connections from the national electricity grid was launched on Saturday in Baghdad and across all governorates, according to the Iraqi Ministry of Electricity. The operation was conducted under the field supervision of Khalid Ghazai Attiya, Deputy Minister for Transmission and Distribution Affairs, with the participation of […]
By John Lee. Prime Minister Ali al-Zaidi on Saturday met with a group of businessmen, members of the Private Sector Development and Management Council, members of the Iraqi Economic Council, and a number of chairmen of private bank boards. The Finance Minister, the head of the Advisers Commission, the director of the Prime Minister's office, […]
By John Lee. The General Company for Cars and Machinery Trade, an affiliate of Iraq's Ministry of Trade, has signed a partnership agreement with Laith Al-Obaidi Company for General Trade and Commercial Agencies to market Chinese Forthing vehicles in Iraq. According to the Ministry of Trade, the agreement covers the marketing of Forthing models across […]
By John Lee. Seven OPEC+ member states have agreed to implement a combined production adjustment of 188,000 barrels per day (bpd) in July 2026, according to a statement from the group. The countries involved are Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman. The group met virtually on Saturday to review global market conditions. […]
From the Iraq Britain Business Council (IBBC): IBBC Tech forum outlines AI futures for employment and training AI is attracting global significance, and the IBBC Tech forum's 'Navigating AI and digital technology' webinar attracted a large audience of members and businesses to hear how AI affects macro-Infrastructure in Iraq, the implications for recruitment, skills and […]
By John Lee. The Iraqi Civil Aviation Authority (ICAA) has announced on Monday afternoon that Iraqi airspace has been re-opened. This follows the announcement on Sunday evening of the temporary closure of Iraqi airspace for 72 hours, citing regional security developments. In a separate announcement on Sunday, the head of the ICAA, Mr. Bankin Rekani, […]
By John Lee. The World Bank has approved a $900 million financing package to rehabilitate and expand key road corridors in Iraq, with the aim of improving domestic mobility, regional integration, and job creation. The Board of Executive Directors approved the Iraq Transport Economic Corridors (ITREC) project on Thursday. According to the World Bank, the […]
By John Lee. A delegation from the Erbil Chamber of Commerce and Industry has held a series of meetings with Czech companies specialising in agriculture and food industries during a visit to Prague. The delegation, led by board member Rashid Mustafa Mirkhan and accompanied by a representative of Aro, met with Jiří Šer, Director of […]
By John Lee. The Central Bank of Iraq (CBI) has issued a clarifying statement rejecting characterisations of its treasury discounting operations as currency printing, and reaffirming its commitment to monetary stability. In a statement on Sunday, it said discounting treasury bills provides temporary liquidity against an existing government debt instrument, which is recovered at maturity. […]
By John Lee. The German Liaison Office for Commerce & Industry in Iraq (AHK Iraq) has announced three new corporate partners specialising in project management, engineering services, and industrial equipment. Omid Project Management (OPM Group) has joined as a Silver Partner. The company is an international project management consultancy and EPCM provider with expertise in: […]
By James Drummond, for Arabian Gulf Business Insight (AGBI). Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq urgently needs to find ways of getting its oil to market Iraq is planning to triple crude oil export volumes via pipeline, according to the […]
By John Lee. Iraq has formally joined the Network of Corruption Prevention Authorities (NCPA), an international body that facilitates co-operation between anti-corruption agencies. According to the Federal Commission of Integrity, membership of the network will support the exchange of expertise and information with peer institutions, and help Iraq benefit from international best practices in corruption […]
