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Iraq Faces Economic Crisis Over Oil Revenue Payouts

A rising demand for direct payouts from Iraq’s oil revenues is fueling lawsuits and economic concerns. Experts warn that this could push Iraq to...

Iraq Boosts Middle East Gas Production by 2.2%

Natural gas output in the Middle East grew by 2.2% in 2024, reaching 741 billion cubic meters. Taqa, an energy platform, reports that the increase...

Iraq Signs $2B+ Deal with China for Basra Industrial City

Iraq has secured two significant investment agreements with the Chinese company Shang Shin to develop strategic industries in the country, as confirmed by Minister...

Iran’s Central Bank: Iraq’s Economy Up 1.4%

Iraq's economy experienced a growth of 1.4% over the past Iranian year, according to economic indicators released by Iran's Central Bank on Friday. The...

New Shipping Line: Umm Qasr Receives First Mega-Ship from South Korea

Iraq's Ports Director, Farhan Al-Fartousi, announced the successful inauguration of a new maritime line with the arrival of a giant South Korean vessel at...

Italian-Turkish Consortium to Build Iraq’s Offshore Pipeline

Iraq's Council of Ministers has approved the awarding of the Third Offshore Pipeline Completion Project tender to an Italian-Turkish consortium. The project will be carried...

Iraq Expresses Interest in Joining the International Solar Alliance

Iraq's Prime Minister, Mohammed S. Al-Sudani, has announced the country's interest in joining the International Solar Alliance (ISA). This statement came after a meeting...

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