By John Lee. The first shipments of Iraqi oil were loaded at Syria's Baniyas [Banias] port on Thursday, marking the launch of a new export route to European markets, according to the State Oil Marketing Organization (SOMO). The development establishes a new Mediterranean outlet for Iraqi oil exports, enabling access to European refineries and consumers. […]
By John Lee. Gaith Al-Meshreq has won a contract with the United Nations Development Programme (UNDP) for "Supply of Operational Inputs and Start-up Technical Support for Al-Hartha Fish Hatchery and Marine Science Center Fish Hatchery, Basrah." Ref: 10529910/UNDP-IRQ-02055. Contract value is stated as $40,503.88. (Source: UNGM)
By John Lee. Iraq's state-owned Rasheed Bank is preparing to facilitate the sale of US dollars to pilgrims ahead of the upcoming Hajj season. The bank has instructed its branches to implement logistical arrangements, including increasing staffing levels, to ensure efficient processing of expected demand. According to the bank, the measures form part of a […]
By John Lee. The Ministry of Construction, Housing, and Municipalities has opened the Sayyid Mohammed Mohammed Sadiq Al-Sadr Bridge in Diwaniyah, improving connectivity and traffic flow within the city. The bridge, inaugurated by the Director General of Roads and Bridges Hussein Jassim Kadhim in the presence of Diwaniyah Governor Abbas Al-Zamili, has a total length […]
By John Lee. Iraq's Building Research Directorate, has signed a memorandum of cooperation with the Iraqi Engineers Union (IEU) to strengthen collaboration across the engineering sector. The agreement was signed by Director General Hussein Faraj Al-Hassnawi and Engineers Union President Dhulfiqar Houshi, focusing on expanding joint work in research, training, and knowledge exchange. Key areas of […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 16th April 2026. Please click here to view a table of listed companies and their associated ticker codes. Rabee Securities' Market Indexes Change - Weekly Index Code Closings Change (w/w) (%) Change (YTD) (%) IQD-RSISX 2,755.5 -0.1% 7.8% USD-RSISX 2,709.4 -0.1% 7.8% […]
By Guest Blogger. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. "Deleting the Zeros" -- What Iraq Actually Said, and What It Means for Your Investment Few phrases in the Iraqi dinar speculation world generate more excitement than "deleting the zeros." It surfaces in […]
By John Lee. More than half a tonne of imported gold has entered Iraq via Baghdad International Airport (BIAP) over the past two days, according to the Ministry of Planning. The shipments, comprising jewellery and bullion, totalled approximately 300 consignments. The Ministry stated that inspection and hallmarking procedures are being carried out continuously to facilitate […]
From the Iraq Britain Business Council (IBBC): Ambassador of the Republic of Iraq to the United Kingdom Meets UK Minister of State for Trade The Ambassador of the Republic of Iraq to the United Kingdom, Dr Salih Husain Ali Al-Tamimi, met with Sir Chris Bryant, Minister of State for Trade, at the Department for Business […]
By John Lee. According to Reuters, two tankers entered the Persian Gulf on Wednesday en route to Iraq: The Alicia, capable of carrying 2 million barrels of oil, is reportedly heading to Iraq to load a cargo on Thursday; The Malta-flagged Agios Fanourios I is said to be heading to Iraq to load Basra crude […]
By John Lee. The Iraqi State Company for Cement, part of the Ministry of Industry and Minerals, has reported strong production and sales performance for February, supported by stable operations across its plants. Total production exceeded 676,000 tonnes of various cement types during the month, while sales reached more than 664,000 tonnes, helping to meet […]
By John Lee. The accelerated gas investment project at the Nahr Bin Omar field is scheduled to enter operational service by the end of April, according to Iraq's Ministry of Oil. The project, part of efforts to increase utilisation of associated gas and reduce flaring, will deliver additional supplies of dry gas, liquefied petroleum gas […]
