Iraq's Latest News: 7/16/2026
Iraq-Jordan Talks on Oil Pipeline and Electricity Link 2026-07-16 01:03:55 By John Lee. Iraqi Prime Minister Ali al-Zaidi met Jordan's Foreign Minister Ayman Safadi in Washington on Wednesday, on the sidelines of an official visit to the United States. According to the Prime Minister's Office, discussions covered bilateral relations and opportunities to strengthen economic and development cooperation. The two sides reviewed progress on the Basra-Aqaba […] |
DFC Eyes Iraqi Market with Investment Finance Package 2026-07-16 01:03:43 By John Lee. Meetings between Iraqi Prime Minister Ali al-Zaidi and US International Development Finance Corporation (DFC) chief Ben Black took place in Washington on Wednesday. The discussions covered opportunities for cooperation in infrastructure reconstruction, project finance, and development planning across energy, transport, agriculture, the digital economy, and services sectors, according to the Prime Minister's […]
Seismic Survey Contract signed for Abu Khema Block 2026-07-16 01:03:35 By John Lee. A seismic survey contract has been signed between the Iraq Oil Exploration Company and Zhenhua Oil (EBS Petroleum) for seismic survey work at the Abu Khema block in Muthanna province, covering the Annexe to Licensing Round Five and Licensing Round Six. The contract was signed on Wednesday in the presence of Minister […]
Iraq and EU Discuss Lifting Aviation Ban 2026-07-16 01:03:33 By John Lee. Iraq's Minister of Transport, Wahab Salman Mohammed, has met with EU Ambassador Clemens Simtner to discuss lifting the European aviation ban on Iraqi airlines. A technical meeting between the two sides is to be held to identify the requirements for lifting the ban. The minister emphasised the importance of progress on the […]
ISC Focuses on Market Efficiency and Digital Services 2026-07-16 01:03:30 By John Lee. The Iraq Securities Commission (ISC) is continuing to implement its regulatory and supervisory programmes in line with its strategic plans, with a focus on improving the investment environment and enhancing capital market efficiency. According to the ISC, efforts during the current week centred on monitoring financial disclosures and developing investor services in […]
Iraq-US Talks on Oil and Economic Partnership 2026-07-15 00:34:35 By John Lee. Iraqi Prime Minister Ali al-Zaidi met US President Donald Trump at the White House on Tuesday to discuss bilateral economic cooperation, opportunities for American companies in Iraqi development projects, and the future of the Iraq-US relationship following the conclusion of the US military coalition presence in the country. According to the Iraqi […]
Iraqi PM in Washington: What His Trip Actually Means for the Dinar 2026-07-15 00:34:25 By Guest Blogger. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Ali al-Zaidi in Washington: What His Trip Actually Means for the Dinar The forums have been buzzing. Iraq's prime minister is in Washington. He met Trump in the Oval Office. There were handshakes, […]
Iraq-ITC Talks on WTO Accession and Trade Support 2026-07-15 00:34:14 By John Lee. A delegation from Iraq's Ministry of Trade has held meetings with officials from the International Trade Centre (ITC) in Geneva to discuss cooperation on trade support and Iraq's accession to the World Trade Organization (WTO). The Iraqi delegation was accompanied by the head of Iraq's Permanent Mission to the United Nations and […]
Chevron Meets Iraq's Oil Minister about Investment Opportunities 2026-07-15 00:33:52 By John Lee. Iraq's Minister of Oil, Basim Muhammad Khudhair al-Abadi, has met with a delegation from US oil major Chevron to discuss expanding cooperation and investment in the oil and gas sector. According to the Ministry of Oil, the talks covered opportunities to support the ministry's plans to increase production, develop infrastructure, and leverage […]
Iraq's Largest Marina Nears Completion 2026-07-15 00:33:49 By John Lee. Construction is continuing on what is described as Iraq's largest boat marina, located on the banks of the Shatt al-Arab waterway. The marina will have a capacity of 50 boats and will include tourist facilities, a helicopter landing pad, and various ancillary works along its sides. Ahmad Jasim, Director General of the […]
IDC Completes Well ZB-679 at Zubair 2026-07-15 00:33:46 By John Lee. Iraqi Drilling Company (IDC) has completed drilling of directional well ZB-679 at the Zubair oil field, on behalf of the Zubair Field Operating Authority. The well was drilled using rig IDC-56 to a depth of 3,846 metres at an inclination angle of 20 degrees. Mohammed Hantoush Asad Al-Azirgawi, Director General of IDC, […]
PM Meets Iraqi-American Business Community in Washington 2026-07-14 01:52:55 By John Lee. Prime Minister Ali al-Zaidi has met with representatives of the Iraqi Christian diaspora and Iraqi-American business figures from Michigan at the start of his visit to Washington DC. According to the Prime Minister's Office, discussions covered the situation of the Iraqi diaspora community and prospects for increasing their participation in investment and […]
Central Bank Eases Rules on Cash Dollar Withdrawals 2026-07-14 01:52:45 By John Lee. The Central Bank of Iraq (CBI) has reportedly ruled that banks may disburse customers' dollar-denominated deposits in cash, effective 15 July 2026. According to the state-run Iraqi News Agency (INA), a CBI circular sets out the following provisions: Banks may continue to open foreign-currency accounts for customers, with customers entitled to withdraw […]
Germany Funds Climate-Inclusive Urban Transition Project in Iraq 2026-07-14 01:52:34 By John Lee. Iraq's Ministry of Planning has held talks with Germany's Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) on a German government-funded grant project focused on climate-responsive and inclusive urban development, known as CITIES+. The meeting, chaired by Dr. Mohammed Mohsen Al-Sayed, Director General of the Regional and Local Development Directorate, reviewed the technical requirements […]
Webinar: Iraq in the Wake of the Iran War 2026-07-14 01:52:21 From the Arab Center Washington DC. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq in the Wake of the Iran War: Governance, Security, and Economic Challenges The Arab Center Washington DC and the Center for Contemporary Arab Studies at Georgetown University organised a […]
Iraq-UK Cooperation on Marine Surveys and Charts 2026-07-14 01:52:18 By John Lee. Iraq and the United Kingdom have held talks aimed at finalising a cooperation agreement on hydrographic surveys and nautical chart production. The discussions focused on enhancing technical cooperation in surveying and the production of navigational charts for Iraqi territorial waters and the shipping channels leading to Iraqi ports, as well as supporting […]
Electronic Platform for Grain By-Product Auctions in Iraq 2026-07-14 01:52:14 By John Lee. A unified electronic platform for managing bran sales auctions is to be introduced by the General Company for Grain Processing, covering bidders in Baghdad and the governorates. According to Iraq's Ministry of Trade, the announcement came at a meeting held at the company's headquarters, chaired by Acting Director General Dr. Haider Nouri […]
Gulf Keystone Petroleum Raises Shaikan Output 2026-07-13 11:59:36 By John Lee. Production at the Shaikan oil field in the Kurdistan Region of Iraq has ramped up to more than 43,000 barrels of oil per day (bopd) following a restart of production and export operations on 24 June 2026. Gulf Keystone Petroleum (GKP) said well activities are under way to bring additional production online […]
CBI Expands Lending for SMEs and Renewable Energy 2026-07-13 01:53:54 By John Lee. The Central Bank of Iraq (CBI) has announced enhancements to two of its developmental lending initiatives, raising the financing ceiling for small and medium enterprises (SMEs) and expanding support for renewable energy projects. According to the CBI, the measures are aligned with the National Banking Lending Strategy (2024-2029) and are intended to […]
New Fibre Optic Cable Production at Diyala General Company 2026-07-13 01:52:35 By John Lee. A new sixth-generation fibre optic cable production line has been installed at Diyala General Company [Diyala State Company], a subsidiary of the Ministry of Industry and Minerals, with a design capacity of 15,000 kilometres per year. The line was installed under a partnership agreement with Al-Manthiqa Al-Dhakiyya General Trading and Telecommunications Services […]
Oil Ministry Corruption Case: $11m Hidden in Drain 2026-07-13 01:51:24 By John Lee. IQD 14 billion ($10.7 million) in cash has been seized during an investigation into Adnan al-Jumaili, the detained deputy minister of oil for refining affairs, and associates implicated in the same case. The funds were found hidden in a rainwater drainage pit. According to Iraq's Supreme Judicial Council (SJC), the seizure resulted […]
Economic Conference Planned for Kurdistan, Turkey and Azerbaijan 2026-07-13 01:50:33 By John Lee. A joint economic conference bringing together the Kurdistan Region, Turkey and Azerbaijan is planned for Erbil in mid-September. The event is expected to draw chambers of commerce, economic organisations and senior government representatives, with the aim of expanding investment opportunities and strengthening economic ties between the three countries. According to the Erbil […]
WFP and ICBA Launch Climate Resilience Project in Iraq 2026-07-13 01:49:29 By John Lee. The United Nations World Food Programme (WFP), in partnership with the International Center for Biosaline Agriculture (ICBA) and with funding from Global Affairs Canada (GAC), has launched the MURUNA project to strengthen climate resilience and food security in Iraq. According to WFP, around 2.5 million people in Iraq require humanitarian assistance, with […]
Christian Diaspora and Investors Invited Back to Iraq 2026-07-13 01:40:39 By John Lee. Prime Minister Ali al-Zaidi has met with the Patriarch of the Chaldean Church in Iraq and the World, Patriarch Mar Louis III Sako [Mar Bulus III Nona], along with a delegation that included the Archbishop of the Chaldean Diocese of Erbil, Bishop Bashar Matti Warda, and a number of Christian clergy. According […]
A New Era of Partnership with Iraq 2026-07-12 01:54:39 By James Durso, for The Hill. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. A New Era of Partnership with Iraq Next week's Washington visit by Iraq's new prime minister, Ali al-Zaidi, offers an opportunity to reset expectations about the U.S.-Iraq relationship. ... Today, […]
Iraq, Turkey consider Joint Investment Fund 2026-07-12 01:53:40 By John Lee. Iraq's Prime Minister, Ali al-Zaidi, met on Thursday with Turkey's Minister of Energy and Natural Resources, Alparslan Bayraktar, to discuss bilateral cooperation across a range of sectors. The Iraqi government's media office reported that talks covered energy, oil and gas, electricity, agriculture, and regional connectivity. During the meeting, Ali al-Zaidi highlighted plans […]
SJC Outlines Recovery Efforts in $2.9bn Tax Fraud Case 2026-07-12 01:52:23 By John Lee. Iraq's Supreme Judicial Council (SJC) has issued a clarification on ongoing proceedings related to a large-scale tax deposit fraud case, detailing convictions, asset seizures, and efforts to recover public funds. According to the SJC, foreign companies operating in Iraq are required to deposit five percent of a project's value with the General […]
Can Iraq Navigate the Hormuz Dilemma with a New Fleet? 2026-07-12 01:51:11 From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Can Iraq Navigate the Hormuz Dilemma with a New Maritime Fleet? Momentum is building in Iraq to resurrect the nation's maritime shipping fleet after decades of war, sanctions and instability have kept the […]
Iraqi Airways Receives First Spare Engine for Boeing 737 MAX 2026-07-11 16:12:46 By John Lee. Iraqi Airways has taken delivery of its first LEAP-1B spare engine for its Boeing 737 MAX fleet. A second spare engine is expected to arrive in August. According to the Ministry of Transport, Manaf Abd al-Mun'im, Director General of the airline, said the delivery runs in parallel with efforts overseen by Transport […]
2026-07-11 16:12:41 By Kamaran Palani, for Foreign Affairs. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iran Is Losing Iraq Whenever the Iran war comes to an end, the Islamic Republic is likely to emerge in a stronger position. Should the terms of a June memorandum […]
Schneider Electric Partners with T964 for New Baghdad Data Centre 2026-07-11 01:38:18 By John Lee. Iraq's first commercial Tier III data centre is under construction in Baghdad, with France's Schneider Electric named as the technology partner responsible for its power and cooling infrastructure. The facility is being developed by T964, a technology and connectivity investment group, and is scheduled to open by the end of 2026. According […]
Iraq "Drops $280m Vehicle Deal over Inflated Costs" 2026-07-11 01:38:08 From Shafaq. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq drops $280M vehicle deal over inflated costs Iraq's Ministry of Defence has suspended the purchase of 800 cargo trucks after a review identified a $160 million price gap, a source familiar with the […]
Iraq's Anti-Corruption Crackdown "Faces Scepticism" 2026-07-11 01:38:03 By Azhar Al-Rubaie, for Middle East Eye. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq's Anti-Corruption Crackdown Faces Scepticism Despite Dramatic Raids A dawn raid inside Baghdad's heavily fortified Green Zone delivered one of Iraq's most dramatic anti-corruption crackdowns in years, but […]
Kurdish Rebels "Wary of Tehran's Next Move" 2026-07-11 01:38:00 By Wladimir van Wilgenburg, for the Carnegie Endowment for International Peace. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Kurdish Rebel Groups Are Wary of Tehran's Next Move Following its deal with the United States, Iran may act against Iraq-based dissidents. Click here […]
North Oil Company and HKN Sign Hamrin Contract 2026-07-10 12:10:54 By John Lee. A development contract for the Hamrin oil field has been signed between North Oil Company (NOC) and US-based HKN Energy, in a ceremony attended by Minister of Oil Basim Muhammad Khudhair al-Abadi. Under the contract, peak production at the field is expected to reach 140,000 barrels per day, with associated gas output […]
Iraqi PM Outlines Anti-Corruption Drive and Policy Priorities 2026-07-10 01:11:59 By John Lee. Iraq's prime minister has pledged to pursue corruption cases without exception, seek a fairer OPEC production quota, and announce a political and economic partnership with the United States, in a wide-ranging interview broadcast on Al Arabiya. Ali al-Zaidi told Al Arabiya that anti-corruption efforts would be pursued without regard to sectarian, ethnic, […]
2026-07-10 01:11:45 Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 9th July 2026. Please click here to view a table of listed companies and their associated ticker codes. Rabee Securities' Market Indexes Change - Weekly Index Code Closings Change (w/w) (%) Change (YTD) (%) IQD-RSISX 2,762.4 -0.92% 8.05% USD-RSISX 2,716.2 -0.92% 8.05% […]
Iraqi PM's US Visit Can Help Shape Fight Against IS 2026-07-10 01:11:40 By Devorah Margolin and Gabriel Wein, for the Washington Institute for Near East Policy. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraqi Visit Can Help Shape the Future Fight Against the Islamic State Despite other pressing priorities and the imminent end of […]
Iraq's Central Bank Tightens Foreign Currency Rules 2026-07-09 02:06:09 By John Lee. The Central Bank of Iraq (CBI) has issued new regulatory instructions governing the mechanism for meeting foreign currency demand for citizens travelling abroad, reducing the monthly cash allowance for an adult traveller to $2,000, down from $3,000. According to the CBI, the move forms part of a package of regulatory reforms aimed […] IQD USD Exchange Rate 1309.5 to $1.00 USD - Subscribe to the EduMatrix Channel for the Latest News on Iraq |
