From Kurdistan24. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraqi Dinar Plummets Against Dollar as Citizens Rush to Exchange Value of $100 jumps by 8,000 dinars in two days amid rising fear and market uncertainty. Click here to read the full article.
By John Lee. The operational plan for the Development Road project has been reviewed, alongside progress on engineering designs and economic feasibility. The discussions were held during a meeting involving Oliver Wyman, the project's financial advisory firm, and BTP, the Italian engineering consultancy, at the headquarters of the Iraqi Republic Railways Company. Key points covered […]
By John Lee. Steps to implement the strategic Haditha-Baniyas crude oil pipeline project have been reviewed. The discussions focused on completing technical and logistical studies required to advance the project, which is intended to diversify Iraq's export outlets and increase crude oil export capacity. According to the Ministry, the pipeline is designed to enhance flexibility […]
By John Lee. A workshop has been held on preparations for the next phase of Iraq's mutual evaluation process on anti-money laundering and counter-terrorism financing (AML/CFT) at national and sectoral levels. The event was organised by the Central Bank of Iraq (CBI)'s Anti-Money Laundering and Counter-Terrorism Financing Office, in cooperation with the Ministry of Interior […]
By John Lee. Genel Energy has issued a trading and operations update in advance of the company's full-year 2025 results, which are scheduled for release on 18 March 2026. Regarding the company's operations in Iraqi Kurdistan, it said: Production performance improved in the fourth quarter, supported by workovers and well interventions. Average production in unaffected […]
By John Lee. US President Donald Trump has warned that Iraq would face serious consequences if Nouri al-Maliki were to return as Prime Minister. In a statement posted on Truth Social, Trump said that Iraq had experienced instability and economic decline during Maliki's previous term in office. He added that, if Maliki were reinstated, the […]
By John Lee. Long-term gas sales agreements have been signed to supply natural gas from the Chemchemal field to major industrial consumers in the Kurdistan Region of Iraq. The agreements were announced by Dana Gas PJSC and Crescent Petroleum, together with their partners in the Pearl Petroleum Consortium. They provide for the supply of up […]
By John Lee. How does the US control Iraq's oil revenues? Reuters has published an explainer, available via investing.com: Click here to view. (Sources: Reuters / Investing.com)
By John Lee. Iraq's Ministry of Oil has announced finalised oil export volumes for December. Total exports of crude oil (including condensates): 107,651,061 barrels. Exports from the oil fields in central and southern Iraq amounted to 100,420,048 barrels. Exports from the Kurdistan Region via the Turkish port of Ceyhan amounted to 5,997,527 barrels. Exports to […]
By John Lee. The Iraqi Securities Commission (ISC) has announced the launch of its strategy for 2026-2028, aimed at developing the Iraqi capital market, improving efficiency, and enhancing the investment environment in line with international standards. The strategy prioritises completion of the legislative and regulatory framework for the securities market, including follow-up on the enactment […]
By John Lee. Work has begun on the building of a compound fertiliser production plant in Baiji. The project is being implemented by the Northern Fertiliser Company, a subsidiary of the Ministry of Industry and Minerals, in partnership with ARJ Holding of the United Arab Emirates. According to a Ministry statement, current activities include excavation works […]
By John Lee. Discussions have been held on the restructuring of state-owned banks and the insurance sector as part of Iraq's financial reform programme. The meeting took place at the Ministry of Finance under the chairmanship of Minister of Finance Taif Sami Mohammed, with representatives of Ernst & Young, alongside senior officials from the Ministry […]
