By John Lee. Iraq has held talks with US oil company Chevron on potential cooperation in developing the Nasiriyah oil field and possible engagement at the West Qurna-2 field. The discussions focused on advancing investment negotiations between the Ministry of Oil and the US energy company, within the framework of Iraq's strategy to work with […]
By John Lee. Two major road infrastructure projects have been launched to improve connectivity and ease congestion in the central Euphrates region. The first project involves construction of a 34-kilometre road linking Karbala province to the highway network, including 14 bridges, one of them spanning the Euphrates River. The project has a total cost of […]
By John Lee. Iraqi insurance companies recorded written premiums of more than IQD 207.3 billion (approximately USD 159 million) during the third quarter of 2025, reflecting annual growth of over 75 percent, according to a report from the state-run Iraqi News Agency (INA), citing official data. It showed Iraqi Insurance Company leading the sector with […]
By John Lee. The Iraqi Ministry of Electricity has denied reports of any increase in electricity tariffs, describing circulating claims as false and misleading. The ministry said the current tariff remains fully subsidised and unchanged, with the residential rate set at IQD 10 per kilowatt-hour (approximately USD 0.008). It added that the state continues to […]
By John Lee. Iraq's Ministry of Trade has held talks with the Iraq-Italy Business Council (IIBC) on expanding economic cooperation and encouraging greater Italian investment in the Iraqi market. Discussions focused on opportunities in industry, services and technology, as well as measures to improve the business environment and support small and medium-sized enterprises. The ministry […]
By John Lee. Caregen, a pharmaceutical company from South Korea, has announced the expansion of its oral GLP-1 product Korglutide into Iraq through a new partnership with Filagen, a medical and aesthetic products distributor in the country. The move follows recent market entries across the region, including Lebanon, the United Arab Emirates and Iran, reflecting […]
By John Lee. A high-level review meeting has been held to assess progress on Iraq's strategic Development Road project, covering design, costs and operational planning. The meeting examined timelines proposed by the appointed auditing firm for completing reviews of rail and road designs, alongside discussions on design costs for both the railway line and the […]
By John Lee. The Banking Studies Centre at the Central Bank of Iraq (CBI) has organised a specialised training course on methods for detecting counterfeit local and foreign currency and comparing it with genuine notes. The course brought together staff from state-owned and private banks, as well as other financial institutions. It combines practical and […]
By John Lee. A cross-border transport operation has highlighted Iraq's growing role as a key land bridge between the European Union and the Middle East, significantly reducing journey times using the TIR system. A TIR shipment carrying film and photography equipment travelled from Hungary to Jordan via Iraq in around six days, compared with approximately […]
By John Lee. Spain has revised and eased its travel advisory for Iraq, aligning its position with other European countries and recognising the improvement in security conditions and stability across Iraqi cities and provinces. In updated guidance issued by the Spanish Ministry of Foreign Affairs, Madrid reiterated general non-binding travel precautions applicable worldwide, including health, […]
By Noam Raydan and James Jeffrey, for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Oil from Northern Iraq Arrives in the United States After Pipeline Reopens s In addition to providing discounted crude of a quality […]
By John Lee. The Central Bank of Iraq (CBI) has published its National Financial Inclusion Strategy 2025-2029. The document was officially launched in May. Click here to download the full report [Arabic]. To browse our comprehensive library of reports on Iraq, click here. (Source: CBI)
