The latest news on Iraq – Kuwait business – investment, Disputes and more – brought to you by Iraq Business News
By John Lee. The General Company for Ports of Iraq (GCPI) has confirmed that Iraq has formally deposited its maritime zones map and associated coordinates with the United Nations (UN), in a move aimed at consolidating its maritime rights and strengthening its legal position in boundary matters. Director General Dr Farhan Al-Fartousi said the deposit […]
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. […]
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 […]
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 […]
By Rami Alkhafaji and Safwan Al-Amin for the Atlantic Council. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Can Iraq and Kuwait transform the Khor Abdullah waterway dispute into a regional diplomacy model? The Khor Abdullah waterway has re-emerged as a point of […]
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. […]
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, […]
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 […]
By John Lee. The President of Iraq's Supreme Judicial Council (SJC), Dr Faiq Zidan, has issued a statement regarding the legal dispute about the Khor Adbullah waterway, between Iraq and Kuwait. Here are the main points: Background and Legal Framework: The Iraq-Kuwait navigation agreement for Khor Abdullah was signed in 2012 as a technical response […]
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, […]
By John Lee. Kuwait's Zain Group has reported increased revenue and profit at its Iraqi telecom business: Revenue Growth: In Q1 2025, Iraq's revenue grew by 13% to reach USD 286 million. EBITDA Growth: EBITDA increased by 13% to USD 105 million, reflecting an EBITDA margin of 37%. Net Income: Net income soared by 73% […]
Al Uroush Automotive Limited becomes authorised Rolls-Royce Motor Cars dealer in Erbil, Iraq Rolls-Royce Motor Cars Iraq will offer the full Rolls-Royce model portfolio and dealer services at a temporary facility with showroom planned for 2026 First dealer in the country since the foundation of the brand 120 years ago Luxury market in Iraq is […]
