By John Lee. Iraq's Council of Ministers has approved measures to support the development of the domestic pharmaceutical industry and protect local production. The decision includes merging the existing Pharmaceutical Council, established under Cabinet Decision No. 23151 of 2023, with the Higher Committee for the Development of the Pharmaceutical Industry. The merged body will include […]
By John Lee. Iraq's Council of Representatives has opened its first session of the sixth parliamentary term, electing Haibat [Haybat] al-Halbousi as Speaker and Adnan Fayhan as First Deputy Speaker. According to Al Jazeera, al-Halbousi is from the Taqaddum (Progress) Party. The session was chaired by Amer al-Fayez, the oldest serving MP, and attended by […]
By John Lee. Preparatory scientific work has begun in Baghdad for the 17th Arab Conference on the Peaceful Uses of Atomic Energy, scheduled to be held in Iraq in 2026. The scientific preparatory committee has started its meetings in cooperation between the Iraqi Atomic Energy Commission (IAEC) and the Arab Atomic Energy Agency (AAEA). The […]
By John Lee. Prime Minister Mohammed Shia al-Sudani has chaired a special meeting to review progress on the Ali Al-Wardi Residential City (City of Roses / Madinat al-Ward), located southeast of Baghdad, amid concerns over administrative and technical delays. The meeting was attended by the Baghdad Governor, representatives from the Ministries of Construction, Housing, Municipalities […]
By John Lee. The Iraqi Drilling Company (IDC) has completed drilling the Majnoon-170 appraisal well at the Majnoon oilfield in Basra to a depth of 4,280 metres. The well was drilled using the IDC-57 rig, the largest drilling unit in Iraq, with a capacity of 3,000 horsepower. The work was carried out for the Basra Oil […]
By John Lee. Iraq's Ministry of Oil has announced finalised oil export volumes for November. Total exports of crude oil (including condensates): 106,593,352 barrels. Exports from the oil fields in central and southern Iraq amounted to 98,709,795 barrels. Exports from the Kurdistan Region via the Turkish port of Ceyhan amounted to 7,583,733 barrels. Exports to […]
By John Lee. The General Company for Ports of Iraq (GCPI) has launched a new direct international Ro-Ro shipping line linking Port Rashid in the United Arab Emirates with Umm Qasr port, with the arrival of the first shipment of TIR trucks. The service, inaugurated on 25 December 2025, operates with a transit time of […]
10 Things the Central Bank of Iraq (CBI) Said About the Iraqi Dinar (IQD) in 2025 1. February 19: CBI's Dollar Distribution System Among World's Most Monitored Following meetings with the US Treasury and Federal Reserve in Dubai, the CBI reported recognition of Iraq's US dollar distribution system as one of the most monitored and […]
By John Lee. The Council of Ministers has approved the imposition of an additional 40 percent customs duty on imports of nitrogen gas from all countries. The measure is intended to regulate industrial gas imports and protect domestic production. The decision is based on the Law on the Protection of Iraqi Products (No. 11 of […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 25th Dec 2025. Please click here to view a table of listed companies and their associated ticker codes. Note: ISX will be closed on December 31, 2025, and January 1, 2026, due to the end-of-year closing operations. The last trading session of […]
From Trend.az. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iran and Iraq hit brakes on eTIR system to boost cross-border trade The eTIR system for transporting Iranian goods through Iraq has been temporarily suspended for three months under an agreement between the […]
By John Lee. The Ministry of Oil has confirmed that operations at the Nasiriya and Gharaf gas fields project will begin on schedule in the first quarter of 2027. In a statement, it said the installation of specialised equipment has begun, in collaboration with Baker Hughes. China Petroleum Engineering & Construction Corporation (CPECC) is also […]
