The latest news on Iraq – Kuwait business – investment, Disputes and more – brought to you by Iraq Business News
By John Lee. Seven OPEC+ countries, including Iraq, have agreed to a production adjustment of 188,000 barrels per day (bpd) from the additional voluntary adjustments announced in April 2023, to be implemented in August 2026. The countries, Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman, met virtually on 5 July 2026 to review global […]
By Yaqoub Yousif Al-Khudhur, for the Al-Bayan Center for Planning and Studies. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Restructuring and Change of Ownership as a Prerequisite for Expanding the Iraqi Oil Tankers Company: An Analytical Feasibility Study Since Iran began closing the […]
By Valentina Pasquali, for Arabian Gulf Business Insight (AGBI). Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. ZainCash CEO: Iraq is 5 years behind in digital payments A burgeoning youth market is driving adoption of digital payments in Iraq, but deep-rooted reliance on […]
By John Lee. The Central Criminal Court for Anti-Corruption has sentenced the former Director General of the General Authority for Taxes to 10 years in prison on money laundering charges, with his wife receiving a sentence of five years and one month. According to the Federal Commission of Integrity, the verdict, issued in the presence […]
By John Lee. The TIR international road transit system became fully operational in Iraq on 1 April 2025, with transport companies opening seven routes via the country and completing more than 1,000 operations within the first eight months, according to the International Road Transport Union (IRU). Iraq subsequently made TIR mandatory for all goods transiting […]
By John Lee. The Ministry of Transport announced on Tuesday that international air traffic will resume transit operations through Iraqi airspace within 24 hours following high-level coordination meetings with regional and international aviation bodies. The ministry said the arrangements were coordinated with Saudi Arabia, Kuwait, Bahrain, the European Union and the International Air Transport Association […]
By John Lee. Seven OPEC+ member states have agreed to implement a combined production adjustment of 188,000 barrels per day (bpd) in July 2026, according to a statement from the group. The countries involved are Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman. The group met virtually on Saturday to review global market conditions. […]
By John Lee. Canadian-based Kent Imaging and Kuwait's Roots Pharmaceutical Company W.L.L. have reportedly signed a distribution agreement making Roots the authorised distributor of Kent's SnapshotNIR near-infrared imaging device across Iraq and the Gulf Cooperation Council (GCC). SnapshotNIR provides real-time, non-contact imaging of tissue oxygen saturation and related markers, and is designed to support wound […]
By John Lee. The General Company for Land Transport (GCLT) has marked one year since the launch of the International Road Transport (TIR) system in Iraq, which came into operation in April 2025. According to the company's director-general, Mortada Karim Al-Shahmani, approximately 2,000 transit operations have been completed across Iraqi territory during the first year. […]
By John Lee. OPEC has announced that eight OPEC+ countries will implement a production adjustment of 206,000 barrels per day in May 2026, as part of ongoing efforts to stabilise global oil markets. The decision was taken during a virtual meeting on 5 April involving Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman. […]
By Hayder Al Shakeri, for The National. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. How the war on Iran is exposing Iraq's fundamental failures When Iraqi Prime Minister Mohammed Shia Al Sudani called for de-escalation and dialogue in the early days of […]
By John Lee. Iraq participated via video link in a meeting of OPEC+ countries to review global oil market conditions and the production outlook. The group agreed to modestly increase oil production starting April 2026, adding 206,000 barrels per day, as part of a gradual unwinding of earlier voluntary output cuts, citing stable economic conditions […]
