By John Lee. Iraqi Prime Minister Mohammed Shia Al-Sudani has laid the foundation stone for the Medical Health City project in southern Baghdad, covering an area of 120,000 m². The launch ceremony was attended by the Minister of Health and representatives of international pharmaceutical companies. The project includes five pharmaceutical factories with a total investment […]
By John Lee. The US Department of the Treasury's Office of Foreign Assets Control (OFAC) has imposed new sanctions targeting individuals and companies accused of helping the Iranian regime evade US sanctions, smuggle weapons, and engage in corruption through networks operating in Iraq. According to a statement from OFAC, the designations target Iraq-based financial and […]
By Noam Raydan and Soner Cagaptay, for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. How Renewed Oil Flows from the ITP Could Benefit U.S.-Iraq-Turkey Relations The potential economic and strategic benefits of reopening the northern Iraqi […]
By John Lee. Iraq's Minister of Electricity, Eng. Ziyad Ali Fadel, met with a senior delegation from U.S.-based Excelerate Energy to discuss plans for importing and processing liquefied natural gas (LNG) through a floating platform at Khor al-Zubair in preparation for summer 2026. The Government of Iraq issued an Award Letter to Texas-based company last […]
By John Lee. US energy major ExxonMobil has signed a Heads of Agreement (HOA) with Iraq's Ministry of Oil. A statement today (Wednesday) from the Prime Minister's Office gave few details, but the agreement is thought to involve the Iraq's giant Majnoon field. During a meeting with ExxonMobil Vice President Peter Larden and the accompanying […]
By Ahmed Tabaqchali, 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. Beyond Tariffs: Building a Mutually Beneficial Relationship between the United States and Iraq The Trump administration imposed a 30 per cent tariff on Iraqi exports […]
By John Lee. The United States has confirmed plans to reduce its military mission in Iraq, marking a new phase in the bilateral security relationship. Statement by Chief Pentagon Spokesman Sean Parnell on Iraq transition: In accordance with the President's guidance and in alignment with the U.S.-Iraq Higher Military Commission and the joint statement issued […]
By John Lee. The Government of Iraq has issued an Award Letter to Texas-based Excelerate Energy to develop an integrated floating liquefied natural gas (LNG) import terminal. The project is intended to strengthen Iraq's energy security, support domestic power generation, and diversify supply away from unreliable sources. The company said the decision followed approval from […]
By Guest Blogger. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. The Iraqi Dinar Revaluation Deception: 10 Persistent False Claims Exposed For over two decades, fraudulent promoters and self-proclaimed "dinar gurus" have perpetuated an elaborate investment scam centered around the Iraqi dinar (IQD). Despite […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. US piles pressure on Iran's Iraqi allies with 'terrorist' designations Amid a growing US push to de-fang Iran's allies in Iraq, the Donald Trump administration has designated four major Shiite armed factions as […]
By James Jeffrey for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. After Operation Inherent Resolve: The Future of U.S.-Iraq Security Relations Whether Washington opts for complete withdrawal, a smaller, Kurdistan-based presence, or a 180-degree shift to […]
By John Lee. Iraqi Prime Minister Mohammed Shiaa al-Sudani met on Thursday with Jeff Miller, Chairman and CEO of Halliburton, along with his accompanying delegation. Al-Sudani underlined the government's strong interest in the role of major international oil companies, particularly American firms, in developing Iraq's energy sector, improving production efficiency, and achieving national goals. He […]
