By John Lee. A temporary opening has been announced for the Hamrin concrete bridge in Diyala province, following completion of 90 percent of construction works. According to the Ministry of Construction, Housing, Municipalities and Public Works, the decision was taken to facilitate movement after rising water levels in the nearby lake caused damage to an […]
By John Lee. A contract has been signed to drill 17 horizontal wells in the East Baghdad South oil field, as part of ongoing development efforts in Iraq's central region. The agreement was concluded between Iraqi Drilling Company (IDC) and Chinese firm EBS Petroleum [Zhenhua Oil], in the presence of Midland Oil Company Director General Mohammed […]
By John Lee. A committee has been established to audit the performance and operations of Iraqi Airways, following a directive from the Prime Minister. The committee, chaired by the Commission of Integrity, will include representatives from the Federal Board of Supreme Audit (FBSA) and the Prime Minister's Office monitoring department. Its mandate covers reviewing operational performance, […]
By Hayder Aziz. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Cylinder Seal: A Sovereign Digital Currency Engine for Iraq's Non-Oil Economy Abstract Iraq's economy faces a deeply interconnected set of problems: a vast informal workforce invisible to the financial system, a crushing 14:1 […]
By John Lee. The Central Bank of Iraq (CBI) has confirmed that all requests for US dollars from banks and exchange companies have been fully met, covering pilgrims, travellers, and external transfers. The bank stated that authorised exchange companies permitted to sell dollars to travellers and pilgrims are listed on its official website, ensuring regulated […]
By John Lee. DNO ASA, the Norwegian oil and gas operator, has provided an update on production, sales volumes and other selected information for the quarter. Regarding its operations in Iraqi Kurdistan, the company said: "Two wells drilled in December 2025 and January 2026 were brought on production in the Tawke field early in the […]
By John Lee. Al Tamayuz Contracting Company has won a contract with the United Nations Development Programme (UNDP) for "Handicap access and Elevators installation for Disabled in Kirkuk VTC." Ref: 10527452/UNDP-IRQ-02070,1. Contract value is stated as $22,900.80. (Source: UNGM)
By Mustafa Saadoon, for Al Hurra. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Exclusive: U.S. Moves Against Iran-Aligned Factions in Iraq Two government sources working in the Iraqi Council of Ministers confirmed to Alhurra that "the United States has halted dollar shipments to […]
By John Lee. The Rabia border crossing between Iraq and Syria has reopened after 13 years, restoring a key trade route between the two countries. The reopening follows the completion of rehabilitation and reconstruction works covering infrastructure and service facilities, reflecting improved security conditions in border areas and a broader push to strengthen regional trade […]
By John Lee. The Iraqi Securities Commission (ISC) has approved the listing, deposit, and trading of shares for three companies on the over-the-counter (OTC) platform. The decision was taken during the Commission's fourth session held on 16th April 2026. The companies admitted to the OTC platform are: Al-Batak Insurance Company Asia Insurance Company Al-Sharq Insurance Company […]
By John Lee. Iraq's parliamentary Investment and Development Committee has discussed measures to enhance the country's investment environment and support economic growth. The committee, chaired by MP Nahida Al-Dayni, met to outline its work programme and develop a roadmap aimed at improving investment conditions. During the session, members emphasised the importance of strengthening oversight of […]
By John Lee. Moody's has changed its outlook on the Government of Iraq to negative from stable and affirmed the long-term issuer ratings at Caa1. It said: "The change in the outlook to negative reflects rising risks to Iraq's credit profile stemming from the conflict in the Middle East, as risks to energy flows and […]
