Tag Archives | Kuwait

The latest news on Iraq – Kuwait business – investment, Disputes and more – brought to you by Iraq Business News

How War "is Exposing Iraq's Fundamental Failures"

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 […]

OPEC+ Agrees to Increase Oil Production

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 […]

Baims Acquires MedMasters, Enters Iraqi Education Market

By John Lee. Baims, a MENA-based education technology group, has acquired MedMasters, an Iraq-based online medical education platform, marking its second strategic acquisition and its entry into the Iraqi market. The transaction expands Baims' regional footprint and strengthens its position in digital higher education across the Middle East. Founded by Dr. Abdulazeez Salam and Dr. […]

OPEC+ Maintains Oil Production Policy for Early 2026

By John Lee. Iraq participated via video link in a meeting of OPEC+ countries to review global oil market conditions and the production outlook, as the group confirmed it will maintain its current production policy during early 2026. Full statement from OPEC: Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman reaffirm commitment to […]

CBI signs Agreement on Electronic Payments

By John Lee. Under the patronage and presence of Mr. Ali Mohsen Al-Allaq, Governor of the Central Bank of Iraq (CBI), the bank signed a cooperation agreement with the National Bank of Kuwait (NBK), Bahrain Branch, at the CBI headquarters in Baghdad. The signing ceremony was attended by Mr. Ali Ferdan, Chief Executive Officer of […]

Chinese Firm begins Drilling First Oil Well in Faw Block

By John Lee. Minister of Oil, Hayan Abdul Ghani, has launched drilling operations for the first oil well in the Fao [Faw] block during a recent visit to Basra. He underlined the Ministry's commitment to developing oil fields and exploration blocks to boost crude output and expand gas investment in support of the national economy. […]

Digital Piracy in Iraq: Media Giants Demand Govt Action

By John Lee. Major international entertainment and sports organisations have launched a coordinated campaign urging the Iraqi government to shut down illegal streaming platforms that are costing the country's potential digital media market up to $1 billion annually. The campaign follows the Iraq Without Piracy Summit held in Baghdad in February, which brought together local, […]

Iraq hosts Kuwaiti Delegation to discuss Joint Oil Fields

By John Lee. Iraqi Oil Minister Hayan Abdul-Ghani met with a Kuwaiti delegation this week to discuss the Memorandum of Understanding (MoU) on joint border oil fields between Iraq and Kuwait. The delegation was led by Khaled Walid Al-Daiyen, Assistant Undersecretary for Technical Affairs at the Ministry of Oil of Kuwait, along with other senior […]

Will Maritime Dispute with Kuwait sink Iraqi PM's Political Fortunes?

From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Will maritime dispute with Kuwait sink Iraqi PM's political fortunes? Following decades of mistrust and tension following Iraq's 1990 invasion of Kuwait, relations between the two neighbours have thawed in past years. However, […]