By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. A Debating Event on the Challenges Facing the Oil Sector in Iraq The "Al-Mushtarek" platform convened the event on Friday evening, December 19th. I addressed the most important and impacting challenges facing […]
By John Lee. The State Oil Marketing Organisation (SOMO) has issued a clarification in response to a Reuters report on 26 September 2025 regarding DNO's export activities. SOMO reaffirmed its commitment to fulfilling all obligations within its mandate and under existing agreements with the Kurdistan Regional Government (KRG), continuing efforts to ensure the smooth flow […]
By John Lee. Prime Minister Mohammad Shia' al-Sudani inaugurated the Iraqi Digital Library project in Baghdad on Saturday, 20th December. The library will offer a fully integrated digital system to preserve Iraq's intellectual, scientific, cultural, literary, and media works for researchers and scholars. The project is Iraq's first digital library, the seventh of its kind […]
By John Lee. Oman Air has launched its inaugural service to Copenhagen, operating via Baghdad, with the first flight departing on Saturday, 20th December, marking the airline's first direct engagement with both countries. A welcome ceremony at Baghdad International Airport was attended by Sheikh Mahmoud bin Muhanna Al Kharousi, Charge d'Affaires of the Sultanate of […]
By John Lee. The Central Bank of Iraq (CBI) reported that total bank credit extended by operating banks increased by 1.88 percent in the third quarter of 2025, reaching 73,942 billion Iraqi dinars (approximately $56.5 billion). This was up from 72,578 billion Iraqi dinars (approximately $55.5 billion) in the same period of 2024. (Source: Central […]
By John Lee. London-based cafe chain EL&N has opened its first venue in Iraq. Located at the Erbil Avenue development, the new store is open for brunch, lunch and dinner. (Source: EL&N)
In Numbers 49,000 people assisted in November USD 1.2 million cash-based transfers made in November USD 6.4 million for the next six months (December 2025 - May 2026) net funding requirements Operational Updates General Food Assistance WFP provided e-vouchers to over 6,680 beneficiaries (1,821 households) residing in the Al-Amal Rehabilitation Centre (formerly Jed'ah 1 Centre) […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Is Iraq's pivot to refined oil a pipe dream? The vulnerability of Iraq's hydrocarbon-dependent economy to geopolitical shifts and regional instability is by now established wisdom. Yet, despite the political and economic expertise levied […]
By Sarah El Safty and Moayed Kenany, for Al-Monitor. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq's dreams of wheat independence dashed by water crisis A push by Iraq to guarantee food security by ensuring wheat production covers the country's needs has led to […]
By John Lee. The Central Bank of Iraq (CBI) reported that retail electronic payments using local cards increased in the third quarter of 2025 to 2,984,232 million Iraqi dinars (approximately $2.28 billion), up from 2,111,296 million Iraqi dinars (approximately $1.61 billion) in the same period of 2024. The bank noted that this growth supports financial […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Memo geared to ban calls for regime change boomerangs in Iraq A judicial drama is brewing in Iraq following the surfacing of a memo that criminalizes calls for the overthrow of the political […]
By John Lee. The United Nations General Assembly has elected Barham Ahmed Salih of Iraq as the next United Nations High Commissioner for Refugees (UNHCR), for a five-year term. He will succeed Filippo Grandi of Italy and is expected to assume office on 1 January 2026, based in Geneva. A statement from the office of […]
