By John Lee. The Central Bank of Iraq (CBI) has issued new regulatory instructions governing the mechanism for meeting foreign currency demand for citizens travelling abroad, reducing the monthly cash allowance for an adult traveller to $2,000, down from $3,000. According to the CBI, the move forms part of a package of regulatory reforms aimed […]
By John Lee. The European Union Aviation Safety Agency (EASA) has issued a new advisory recommending that airlines avoid Iraqi airspace entirely, citing continued risks from regional conflict. The advisory, numbered CZIB-2026-05, covers the whole of FIR Baghdad (ORBB) at all altitudes and flight levels. It is valid until 31 August 2026, unless reviewed earlier. […]
By John Lee. Iraq's Ministry of Planning held the seventh meeting on Tuesday of the committee overseeing preparations for the Fourth Arab Summit for Entrepreneurship, which is due to be hosted in Iraq in November. According to the Ministry of Planning, the meeting was chaired by Deputy Minister of Planning for Technical Affairs Dr. Maher […]
By John Lee. Iraqi Airways is to launch direct flights between Kirkuk and the Turkish city of Antalya from 14 July, operating twice weekly on Tuesdays and Fridays. The airline's Director General, Manaf Abdul Moneim, said the new route coincides with the summer holiday season and rising passenger numbers, with the twice-weekly schedule intended to […]
By Mujab Salaheddine, for OCCRP. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq Intensifies Anti-Graft Drive with Dozens of High-Profile Arrests, Asset Seizures While the government's latest crackdown resulting in the arrest of top officials and the seizure of millions has won praise, […]
By John Lee. KAR Electrical Power Plant Production Trading FZE (KEPPT) has engaged JP Morgan to arrange development financing for a $1.6 billion urea plant in Basra. According to a statement from KEPPT, the company will work with the bank to progress financing for the project in conjunction with several leading export credit agencies. The […]
By John Lee. Iraq's Ministry of Planning has held talks with Germany's Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) on preparing a proposed strategic project to support the transition in Iraq's electricity and renewable energy sector. According to a statement from the Ministry, the project, which remains under study, aims to develop sector policies, improve energy […]
By John Lee. The Ministry of Trade has launched official channels for reporting corruption cases within its departments, to be overseen directly by the Minister. According to the Ministry of Trade, citizens and staff are being encouraged to submit reports backed by documents or evidence of corruption or the waste of public funds, via a […]
By John Lee. Iraqi Airways will begin direct flights between Basra and Baku today (Wednesday), operating one flight per week as part of plans to expand its international network and meet growing demand for travel. The company's Director General, Manaf Abdul Moneim, said the new route responds to increased seasonal demand and gives passengers from […]
By John Lee. Iraq's Ministry of Planning has held a meeting with representatives of the World Bank to discuss cooperation on supporting entrepreneurship, empowering small and medium-sized enterprises (SMEs), and creating a more efficient and attractive business environment for investment. According to a statement from the Ministry, Sunday's meeting discussed a proposed programme aimed at […]
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. Buy the Rumour, Sell the News; yet the Market Rises Further The market, as measured by the Rabee Securities U.S. Dollar Equity Index (RSISX USD Index), closed […]
By John Lee. Basra Oil Company (BOC) has signed a five-year contract with US firm Halliburton for the integrated management of the Nahr Bin Umar oil field and Sindbad field. The signing took place under the auspices of Minister of Oil Basim Muhammad Khudhair al-Abadi, in line with government plans and directives from Prime Minister […]
