By John Lee. Two new operations centres and an electronic gas movement tracking system have been launched at the General Company for Gas Filling and Services in Baghdad, as part of the Ministry of Oil's digital transformation programme. According to the Ministry of Oil, a Security Operations Centre (SOC) and a Technology Operations Centre (TOC) […]
By John Lee. A new four-year Decent Work Country Programme for Iraq, 2026-2029, has been signed in Baghdad, setting out priorities for employment, skills development, economic diversification, workers' rights and social protection. The programme marks a shift from recovery-oriented efforts towards longer-term labour market development. The programme was signed by the Ministry of Labour and […]
By John Lee. A tanker was struck by an unknown projectile approximately 28 nautical miles south-east of Al Faw today (Wednesday). The vessel's crew are reported safe and no environmental impact has been reported. According to the United Kingdom Maritime Trade Operations (UKMTO), authorities are investigating the incident. Vessels are advised to transit the area […]
By John Lee. A memorandum of understanding has been signed for the development of Diwaniyah International Airport and a free zone in the province. The governor of Diwaniyah, Abbas Shuail Al-Zamili, signed the MoU with Al-Balaghi and Chinese firm China CAMC Engineering, described as a strategic step to support commercial and investment activity in the […]
By John Lee. Iraq's fourth international oil, gas and licensing rounds conference has opened in Baghdad, with the Ministry of Oil outlining progress on exports, refining and infrastructure over the first 100 days of the new government. According to the Ministry of Oil, Minister Basim Muhammad Khudhair al-Abadi said oil exports had risen from around […]
By John Lee. Iraq and Brazil have agreed to proceed with signing memoranda of understanding (MoUs) covering livestock and crop production, following talks between Agriculture Minister Abdul-Rahim Jassim and Brazilian Ambassador Alfredo Leoni. The discussions focused on developing the poultry sector and expanding broader agricultural cooperation. The ambassador also extended an invitation to the minister […]
By John Lee. Eight insurance companies have been approved for listing, deposit, and trading on Iraq's over-the-counter (OTC) platform. According to the Iraq Securities Commission (ISC), the decision was taken at the commission's seventh session on 18th August 2026. The companies admitted to the OTC platform are: Al-Dhaminoun Insurance Company Al-Sadiq Insurance Company Al-Murtakaz Insurance […]
By John Lee. Iraq and Syria have discussed expanding bilateral trade and increasing Iraqi exports to the Syrian market, with cement and asphalt identified as priority commodities. The talks took place on the sidelines of the 118th ordinary session of the Arab League's Economic and Social Council. Minister of Trade Mustafa Nizar Jumaa met with […]
By John Lee. Iraq's Ministry of Trade has held talks with the Iraq-Korea Business Council to discuss strengthening economic and trade relations and advancing private sector support plans. Dr. Malik Khalaf al-Durai'i, Director-General of the Private Sector Development Directorate, visited the council's headquarters and met with its president and members. He underlined the importance of […]
By Nadim Kawach, 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 Deficit May Prompt Return to International Debt Market Iraq is considering a return to the international debt market to cope with a budget deficit swollen […]
By John Lee. Iraqi customs revenues are expected to reach 4 trillion dinars ($3.05 billion) by the end of 2025, up from around 800 billion dinars ($610 million) before the introduction of the ASYCUDA (Automated System for Customs Data) system in 2022. The director-general of the General Customs Authority, Thamer Qasim (pictured), attributed the rise […]
By John Lee. Ford Middle East and North Africa has appointed Shimal Al Jazeera Auto-Trading and Commercial Agencies (SAT) as its distributor partner in Iraq, effective 1 October 2026. According to a press release from Ford, SAT is a strategic alliance between March Holding, a regional investment group with a diversified portfolio across technology, financial […]
