» Iraqi Dinar Hoarding "Has Reached Critical Levels"
21/05/25 12:57 from Iraq Business News
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. 90 percent of Iraq's money supply held outside banks: PM advisor Nearly 90 percent of Iraq's money supply is h...

» Iraq Sees "Over $64bn" in Foreign Investment in Two Years
20/05/25 20:07 from Iraq Business News
By John Lee. National Investment Commission (NIC) Chairman Haider Makiya [Makiyya] has announced that Iraq attracted more than $64 billion in foreign investment over the past two years, underscoring growing global confidence in the count...

» KRG's US Energy Deals Spark Fresh Dispute with Baghdad
20/05/25 20:07 from Iraq Business News
By John Lee. The Kurdistan Regional Government (KRG) and Iraq's federal government have entered into a new dispute over the legitimacy of two major energy agreements signed with American companies. On 19th May, Kurdistan's Prime Minister...

» Iraq Completes First Section of Development Road
20/05/25 20:07 from Iraq Business News
By John Lee. The General Company for Ports of Iraq (GCPI), has announced the completion of the first section of the Development Road Project, linking the Al-Faw Grand Port to Umm Qasr. According to the Ministry's media office, the 62-km ...

» New Cement Plant Opened near Erbil
20/05/25 20:07 from Iraq Business News
By John Lee. The Prime Minister of the Kurdistan Regional Government, Masrour Barzani, opened the new Dabin [Dabeen] Cement Factory and Power Station on Monday. The plant, near Safeen Mountain in Erbil Governorate, has a capacity of 2.1 ...

» Iraq's Ports Generate $240m in Q1 2025
20/05/25 20:07 from Iraq Business News
By John Lee. Iraq's ports have recorded strong financial performance in the first quarter of 2025, generating total revenues exceeding 314 billion Iraqi dinars [$240 million], according to Dr Eng. Farhan Al-Fartousi, Director General of ...

» HKN Energy, ONEX launch JV for Miran Gas Field Development
20/05/25 16:08 from Iraq Business News
By John Lee. HKN Energy and ONEX Group have signed a binding term sheet with the Kurdistan Regional Government (KRG) to develop the Miran gas field through their new joint venture, Miran Energy. Located in the Kurdistan Region of Iraq, t...

» WesternZagros acquires Topkhana Block in Iraqi Kurdistan
20/05/25 16:08 from Iraq Business News
By John Lee. WesternZagros, a privately owned US exploration and production company, has announced its acquisition of the Topkhana block in the Kurdistan Region of Iraq. The acquisition is seen as a strategic milestone in enhancing the K...

» IMF publishes Iraq Recommendations
19/05/25 19:24 from Iraq Business News
By John Lee. A team from the International Monetary Fund (IMF) has concluded a visit with Iraqi officials, concluding: Economic Challenges: Iraq faces a highly uncertain global environment, declining oil prices, and acute financing press...

» Iraq Signs Contract for Vertical Residential Complex
19/05/25 19:24 from Iraq Business News
By John Lee. The National Investment Commission (NIC) has signed an investment contract with Al-Ramla for the development of a fully serviced vertical residential complex. The project will feature up to 3,840 housing units, a five-star c...

» Iraq, Nokia Explore Partnership on Digital Transformation and 5G
19/05/25 19:24 from Iraq Business News
By John Lee. Prime Minister Mohammed Shia Al-Sudani met on Monday with Ms. Anu Saarela, Ambassador of Finland to Iraq, and a delegation of executive directors from Nokia, the Finnish telecommunications and IT company. Discussions focused...

» Baghdad Film Foundation Partners with 1001
19/05/25 19:24 from Iraq Business News
By John Lee. At the Cannes Film Festival 2025, the Baghdad Film Institute (BFI) announced a strategic partnership with 1001 Media, Iraq's leading digital streaming platform. This collaboration aims to foster the growth of the film indust...

» Kia overtakes Toyota as Top-Selling Car Brand in Iraq
19/05/25 19:24 from Iraq Business News
By John Lee. Vehicle sales in Iraq have reportedly risen 24.1 percent year-on-year, for the first quarter 2025. According to a report from Focus 2 Move, South Korea's Kia overtook Japan's Toyota to become the top-selling manufacturer in ...

» Internet Cut Off for 2 Hours for Exams
19/05/25 19:23 from Iraq Business News
By John Lee. Iraq's Ministry of Communications has said that internet services throughout the country were cut off for two hours on Monday during the general exams for middle school students. It said the cut, from 6:00 a.m. to 8:00 a.m.,...

» UK Firm secures O&M Contract for Maysan Power Plant
18/05/25 20:52 from Iraq Business News
By John Lee. Scottish-based EthosEnergy has been awarded a multimillion-dollar Operations and Maintenance (O&M) contract for the Maisan [Maysan, Missan] Combined Cycle Power Plant near Basra. The three-year contract, EthosEnergy's fi...

» Iraq Launches New Oil Services Centre in Basra
18/05/25 20:51 from Iraq Business News
By John Lee. The Iraqi Centre for Oil Services, a strategic partnership between Basra Oil Company (BOC), the Arab Well Logging and Oil Services Company (AWLCO), and Gilgamesh Oil Services, has been inaugurated by Minister of Oil, Hayan A...

» Important Initiatives announced at Arab Summit in Baghdad
17/05/25 20:52 from Iraq Business News
By John Lee. A series of important initiatives have been announced at the 34th Session of the Arab Summit, and the 5th Arab Economic and Social Development Summit, held in Baghdad on Saturday: Arab Food Security Initiative for Grains The...

» South Refineries Company Nears Completion of FCC Project
17/05/25 20:51 from Iraq Business News
By John Lee. Iraq's South Refineries Company (SRC) is nearing the completion of its Fluid Catalytic Cracking (FCC) project, with 98% of the work done. Deputy Prime Minister and Minister of Oil, Hayan Abdul Ghani, emphasized the importanc...

» Rafidain Bank launches Phase II of Entrepreneurship Initiative
16/05/25 20:52 from Iraq Business News
By John Lee. Iraq's state-owned Al-Rafidain Bank has announced the launch of the second phase of its "Riyada" initiative [Iraqi Riyada Network for Access Development and Advancement, IRADA Network], following the success of the first pha...

» Revenue and Profit Up at Zain Iraq
16/05/25 20:51 from Iraq Business News
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 ...

» Iraq and China launch $2bn Industrial City in Basra
15/05/25 20:54 from Iraq Business News
By John Lee. Iraq's Minister of Industry and Minerals, Prof. Eng. Khaled Battal Al-Najm, has launched the Green Mountain Industrial City project in Basra, marking Iraq's first industrial city of its kind. The project is a strategic partn...

» Ashur Bank joins Iraq Britain Business Council
15/05/25 20:53 from Iraq Business News
By John Lee. Ashur International Bank has joined the Iraq Britain Business Council (IBBC). According to a statement from the IBBC, the move follows a long relationship between the Council and the bank's CEO, Mohammed Al-Delaimy. It says ...

» DNO Increases Oil Production in Iraqi Kurdistan
15/05/25 20:52 from Iraq Business News
By John Lee. Norway's DNO has reported increased oil production at its operations in Iraqi Kurdistan: Kurdistan Production: In Q1 2025, DNO's net production in Kurdistan was 61,600 barrels of oil equivalent per day (boepd), an 11% increa...

» Iraq and Jordan Discuss Industrial Cooperation
15/05/25 20:51 from Iraq Business News
By John Lee. Iraq's Minister of Industry and Minerals, Prof. Eng. Khaled Battal Al-Najm, met with Jordan's Minister of Industry, Trade, and Supply, Eng. Yarub Qudah, to discuss enhancing industrial cooperation. The meeting focused on opp...

» Iraq Stock Market Report
15/05/25 20:50 from Iraq Business News
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 15th May 2025. Note: ISX is closed on May 15 and May 18, 2025 due to the Arab Summit. The next trading session will be held on May 19, 202...

» Rolls-Royce Motor Cars authorises Dealership in Iraq
15/05/25 11:50 from Iraq Business News
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 fo...

» Iraq Investment Forum: Over 130 Investment Opportunities
14/05/25 20:55 from Iraq Business News
By John Lee. The National Investment Commission (NIC) has announced that over 130 fully approved investment opportunities will be presented at the Iraq Investment Forum, set to take place in mid-June in Baghdad. NIC Chairman Dr. Haider M...

» Iraqi PM Launches $2bn Industrial City in Al-Zubair
14/05/25 20:54 from Iraq Business News
By John Lee. Prime Minister Mohammed Shia Al-Sudani has launched the construction of the Industrial City in Al-Zubair, as part of the Development Road project. The $2-billion project spans 3,000 dunams and will house around 20 factories ...

» Iraq Launches Major Chemical Production Project in Basra
14/05/25 20:53 from Iraq Business News
By John Lee. Iraq's Minister of Industry and Minerals, Prof. Eng. Khaled Battal Al-Najm, has launched the construction of the country's largest chemical production plant in Basra. Located at the State Company for Petrochemical Industries...

» Lucky Cement fires New Clinker Production Line in Samawah
14/05/25 20:52 from Iraq Business News
By John Lee. The Najmat Al-Samawah (NAS) joint venture, led by Pakistan's Lucky Cement, has successfully fired the kiln for its new clinker production line in Samawah, The line has a capacity of 1.82 million tons per annum (MTPA). An add...

» Iraq's Ministerial Council for Economy Convenes in Baghdad
14/05/25 20:51 from Iraq Business News
By John Lee. Iraq's Ministerial Council for Economy, held its 13th and 14th sessions in Baghdad on May 12, 2025. Discussions included enhancing coordination between federal and regional quality control authorities, with a focus on stream...

» Dollar Transfers from Iraq: JP Morgan awards TBI
14/05/25 15:56 from Iraq Business News
By John Lee. The Trade Bank of Iraq (TBI) has been awarded the "STP Excellence in Payments and Transfers" award from JP Morgan, recognizing the bank's commitment to efficient and sustainable direct payment practices. According to a state...

» Contract signed for $240m Cement Plant in Muthanna
13/05/25 20:54 from Iraq Business News
By John Lee. Jordanian-based International Venture Investment Holding (IVI Holding) has announced the signing of an Engineering, Procurement, and Construction (EPC) contract with Chinese company Sinoma Overseas Development to build a 6,0...

» PM orders meeting on Al-Khairat Power Plant Investment
13/05/25 20:53 from Iraq Business News
By John Lee. The Iraqi Prime Minister has ordered a consultative meeting to be held between the Ministry of Electricity and the General Secretariat of the Council of Ministers regarding the Al-Khairat Thermal Power Plant. According to a ...

» Iraq Assumes Presidency of Economic and Social Council
13/05/25 20:52 from Iraq Business News
By John Lee. Iraq has assumed the presidency of the Economic and Social Council at the ministerial-level meeting in Baghdad, part of the preparations for the Fifth Arab Economic and Social Development Summit. The outgoing president, Leba...

» Iraq Dinar Fraud: $8.4m Recovered
13/05/25 20:51 from Iraq Business News
By John Lee. The Iraqi Judiciary has recovered 11 billion dinars [$8.4 million] following a financial fraud case involving a company that illegally profited from currency exchange rate differences through fraudulent overseas money transf...

» Dinars to Dollars: Bank praised for Efficient Dollar Distribution
13/05/25 11:57 from Iraq Business News
By John Lee. Customers have reportedly expressed widespread satisfaction with the smooth and organized process of dollar distribution at branches of the state-owned Al-Rafidain Bank. The bank says it has been distributing $2,000 per pilg...

» Iraqi Entrepreneurs Participate in SelectUSA Investment Summit
12/05/25 19:43 from Iraq Business News
By John Lee. A delegation of 46 Iraqi entrepreneurs and business leaders are participating in the SelectUSA Investment Summit, taking place in the US from May 11th to 14th. The event, which brings together investors, companies, and indus...

» Al-Uroush becomes Exclusive Distributor of Mazda Cars in Iraq
12/05/25 19:43 from Iraq Business News
By John Lee. Al-Uroush Automotive has signed an exclusive distribution agreement with Japan's Mazda Motor Corporation. The signing ceremony, held in Hiroshima, Japan, was attended by Dr. Sabah Abdul Latif Salem, Chief Executive Officer o...

» Iraq Secures German Loan to Enhance Power Infrastructure
12/05/25 19:43 from Iraq Business News
By John Lee. Iraq's Council of Ministers has authorized the Ministry of Finance to sign a loan agreement backed by German and other international export credit agencies. The funding will support the installation of three 400 kV and five ...

» Iraq Signs Transit Agreement for Int'l Telecommunications
12/05/25 19:43 from Iraq Business News
By John Lee. The Ministry of Communications of Iraq, under the supervision of Minister Dr. Hayam Al-Yasiri, has signed a partnership agreement with DIL Technology to establish Iraq as a unified transit corridor for international communic...

» Iraq Restarts 503 Projects, valued at over $12bn
11/05/25 20:52 from Iraq Business News
By John Lee. The Chairman of Iraq's National Investment Commission (NIC), Dr. Haider Mohammed Makiyya, announced the restart of 503 investment projects across the country, as part of a national plan to stimulate the economy. These projec...

» IBBC appoints Mohammed Al Saadi of Sama Hammurabi Law as Iraq Members' Rep
11/05/25 20:51 from Iraq Business News
From the Iraq Britain Business Council (IBBC): IBBC appoints Mr Mohammed Al Saadi of Sama Hammurabi Law as Iraq members' representative. The appointment of Mr Al Saadi as IBBC's Iraqi representative is an important role for IBBC. As the ...

» Iraq to Present Strategic Communications Projects
10/05/25 20:52 from Iraq Business News
By John Lee. The Ministry of Communications and the Iraqi Economic Council discussed preparations for the Iraq Investment Forum, scheduled for early June in Baghdad. Minister Hiyam Al-Yasiri highlighted strategic projects for investment,...

» Hoarded Wealth, Frozen Economy: Iraq's Hidden Cash Crisis Deepens
10/05/25 20:51 from Iraq Business News
From Kurdistan24. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Hoarded Wealth, Frozen Economy: Iraq's Hidden Cash Crisis Deepens For many Iraqis, banks are not seen as...