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Iraq

BYD 2025 revenue surges

The EV manufacturer reported net profit of $.3.3bn for 9M 2025.

Aramco net income $28bn

Capital investment during Q3 2025 $12.9bn on investments in energy projects.

e& revenue up 23%

Consolidated net profit reached $2.94 billion during 2025.

Al Rajhi profit up 26%

Operating income for 2025 increased 22% to SAR 39 bn.

Emirates NBD 2025 profit $8.5bn

Total income rises by 12 percent, operating profit up 13%.
  • Iraq issues arrest warrants against two persons for ‘heist of the century’

    Baghdad, Iraq -- An Iraqi criminal court on Tuesday issued arrest warrants for a businessman and a former government official wanted over their alleged involvement in stealing $2.5 billion of public funds.The scandal, dubbed the "heist of the century", sparked widespread anger in Iraq, which is ravaged by rampant corruption, unemployment...
  • Iran, Iraq sign border protection agreement

    BAGHDAD, IRAQ - Iran's top security official on Sunday signed a deal with Iraqi authorities for "protection" of their common border, the Iraqi prime minister's office said, months after Tehran struck Kurdish opposition groups in Iraq's north.Iraq's autonomous Kurdistan region hosts camps and rear-bases operated by several Iranian Kurdish factions, which...
  • Two decades after US invasion of Iraq, Senate votes to end war authorization

    Since the beginning of his administration in 2021, President Joe Biden has urged Congress to revoke the 1991 and 2002 AUMFs. In a statement Thursday on the revocations of the 1991 and 2002 AUMFs, the Biden administration said the president is ready to work with Congress to replace other "outdated...
  • Iraq finalizes three-year budget designed to instill fiscal stability

    Just days ahead of the 20th anniversary of the US-led invasion that resulted in war, chaos, and political instability, Iraq's Prime Minister Mohammed Shia al-Sudani said that his government had prepared a three-year budget for the oil-dependent economy traditionally plagued by budgetary delays. The bill will include financial aid to...
  • Will plant 5m trees in country, says Iraqi Prime Minister

    BASRA, IRAQ -  Iraq's prime minister on Sunday announced a campaign to combat the severe impacts of climate change on the water-scarce country, including by planting five million palms and trees.Oil-rich but war-battered Iraq suffers from extreme summer heat, frequent droughts, desertification and regular dust storms, problems that are all exacerbated...
  • Iraq impounds three million captagon pills on Syrian border

    Iraq has scuttled a big smuggling operation of bringing into the country a large consignment of three million pills of captagon, an amphetamine-type stimulant sweeping the Middle East for year, near the Syrian border. The pills had been hidden in apple crates and discovered at the Al-Qaim crossing near Iraq's...
  • Iran to buy Russian Sukhoi jets to replace old fleet

    TEHRAN, IRAN - Iran has finalized a deal to buy Sukhoi Su-35 fighter jets from Russia, state media reported, as defense cooperation between the two countries deepens.The air force of sanctions-hit Iran has an ageing fleet of aircraft and has struggled to acquire spare parts to keep its warplanes in...
  • Does Saudi-Iran deal undercut goals of Pentagon’s chief’s Middle East visit?

    Surprise Saudi-Iran detente, midwifed by China, has gone against the drift of Austin’s visit to the Middle East which was largely premised on an abiding antagonism between the two countries.
  • 20 years after US invasion, Iraq is closer to Washington, far from ‘liberal democracy’

    President George W. Bush's war, launched in the aftermath of the 9/11 attacks, is seared in memory for its "shock and awe" strikes, the toppling of a giant Saddam statue, and the years of bloody sectarian turmoil that followed. The US forces, backed mainly by British troops, never found the...
  • Siemens bags long-term service contracts for Iraqi power plants

    Abu Dhabi, UAE -- Siemens Energy has been awarded long-term service contracts for several Iraqi power plants to improve energy stability and availability, as well as provide training, skills, and employment opportunities for Iraqis, Siemens said Tuesday.These contracts represent the first portion of prioritized projects under the Iraq Energy Agenda...
  • UNESCO chief in Iraq to visit war-battered cultural sites

    UNESCO chief Audrey Azoulay was to visit reconstruction projects and meet top officials including Prime Minister Mohammed Shia al-Sudani and President Abdel Latif Rachid. Years of war and insurgency have taken a heavy toll on Iraq's many Mesopotamian, Islamic and Christian treasures including six UNESCO World Heritage sites.
  • Iraq customs orders enforcement of alcohol import ban

    In spite of divisions over the legislation, Iraq's customs department has given orders to begin enforcing a ban on alcohol imports that became law last month. The specialist retail stores dominating alcohol sales in absence of bars or licensed restaurants however remained open for business, at least in Baghdad.
  • Iraq issues arrest warrants in ‘heist of the century’

    The warrants do not name any of the officials, but according to the official, they are former finance minister Ali Allawi, the director of cabinet Raed Jouhi, personal secretary Ahmed Najati, and adviser Mushrik Abbas. Allawi, a respected politician and academic, resigned in August last year. When the scandal broke...
  • Iraqi cemetery echoes 1400 years of life and death

    For Shiites, who make up the religious majority in Iraq, "being buried near Imam Ali is very important," said the Najaf city historian Hassan Issa al-Hakim.
  • Wars, poverty fuel spike in Iraqi child labour

    Children in Iraq work as apprentice mechanics and rubbish collectors, in shisha cafes or hair salons, and washing car windows and selling paper tissues by the roadside. Employing children is punishable by prison time or a fine, but "with many families left without a breadwinner, mothers have been forced to...
  • UN chief lands in Iraq for first time in six years to show solidarity

    In a show of solidarity with Iraq, UN head Antonio Guterres arrived in the country for the first time in six years, after a prolonged political crisis there. On arrival he said that he wanted to show solidarity with the people and the democratic institutions of Iraq, pledging support for...
  • Iraq, OPEC’s second largest producer, imports oil products

    Dubai, UAE-- Iraq has imported oil derivatives - gasoline, kerosene and gas oil - worth more than $5 billion in 2022, the state-run Iraqi Oil Marketing Company (SOMO) said Tuesday.The company's data showed that Iraq's imports of kerosene (white oil) amounted to 167,433 metric tons valued at $159.27, according to...
  • ‘Turkish drone kills 3 PKK-backed fighters in Iraq’

    A Turkish drone attack in northern Iraq killed three fighters from the Yazidi community affiliated with the rebel Kurdistan Workers' Party (PKK), Iraqi Kurdish officials said. "A drone from the Turkish army targeted a vehicle", killing an officer and two combatants from the Yazidi Sinjar Resistance Units, a Kurdistan region's...
  • Iraq’s Tigris, Euphrates rivers plummet as water crisis looms

    NASIRIYAH, IRAQ - Iraq's Tigris and Euphrates rivers have witnessed a sharp decrease in their levels in the south of the country, officials said Sunday, pledging to take urgent measures to ease water shortages.In Nasiriyah, capital of the southern province of Dhi Qar, an AFP photographer saw the river bed of...
  • FNC Speaker calls for greater coordination at Arab Inter-Parliamentary Union meet

    BAGHDAD, IRAQ - Speaker of the UAE Federal National Council (FNC) Saqr Ghobash said that Arab parliaments should are required to coordinate parliamentary work.He said that Arab parliaments should unify positions on all common issues, activate the role of parliamentary diplomacy and cooperate in order to achieve the integration which...
  • Blast wounds four US troops in Syria, IS leader killed, says military

    WASHINGTON, US - An explosion wounded four American military personnel during a raid that killed a senior Islamic State (IS) group leader in Syria, the US military's Central Command said Friday."Last night, during a partnered US and Syrian Democratic Forces helicopter raid in northeastern Syria, an explosion on target resulted in...
  • Iraq marshlands campaigner freed from kidnappers

    Baghdad, Iraq---A leading campaigner for the preservation of Iraq's famed southern marshlands has been freed, two weeks after he was kidnapped by unidentified gunmen, his family said on Thursday.Jassim al-Assadi, 65, head of environmentalist group Nature Iraq, was seized on February 1 as he drove to the capital Baghdad on the...
  • TikTokers jailed as Iraq targets ‘decadent content’

    Hossam received an even harsher sentence of two years in prison. Some of her videos showed her dressed in a tight military uniform. In total, a dozen people have so far been arrested for "decadent content", said an interior ministry official who spoke to AFP on condition of anonymity.
  • Archaeologists in Iraq uncover 5,000 year old restaurant

    Dating back almost 5,000 years, archaeologists in Iraq have uncovered the remains of a tavern that they hope will illuminate the lives of ordinary people in the world's first cities. The US-Italian team made the find in the ruins of ancient Lagash, northeast of the modern city of Nasiriyah.
  • Foot-and-mouth variant hits Iraq buffaloes, threatening livelihoods

    This strain - never before recorded in Iraq - is resistant to the vaccines normally used in the country, leaving authorities scrambling to obtain the right doses to inoculate livestock and prevent further spread. "The infections are much higher," lamented 26-year-old Roumi from his farm in the village of Badush...
  • Dana Gas 2022 net profit $182m

    The rise in adjusted net profit driven by high energy prices.
  • Iraq’s Kurdistan restarts oil exports through Turkey after quake

    A day after the powerful earthquake devastated Turkey and Syria, Iraq's autonomous Kurdistan region has said that it resumed oil exports through Turkey after suspending them as a precaution in the wake of the quake. The Kurdish ministry of natural resources said the oil exports restarted via the pipeline connecting...
  • Iraqi Kurdistan suspends oil export via quake hit Turkey

    "The Kurdistan Regional Government confirms the halt of oil exportation through #Turkey's Ceyhan due to the #earthquake that struck several areas in the country," tweeted Lawk Ghafuri, head of foreign media relations in Kurdistan.
  • Russia’ Foreign Minister in Iraq for energy talks

    Iraq, a close ally of Iran, also has strategic relations with the United States, which still has soldiers in the country as part of the international coalition facing the Islamic State group. On Thursday, Iraqi foreign minister Fuad Hussein hosted Saudi Foreign Minister Prince Faisal bin Farhan. No mention was...
  • Iraq is a key trade partner of Jordan, says Kingdom’s Commerce Chamber head

    AMMAN, JORDAN - Chairman of the Jordan Chamber of Commerce (JCC), Khalil Haj Tawfiq said Iraq is an "important" trade partner and gateway for Jordan's economy. Haj Tawfiq said, "Jordan and Iraq have wide, prolific potentials, fields and grounds to build economic integration, in light of the strong brotherly relations,...
  • ‘Honor killing’ of YouTube star by father sparks outrage in Iraq

    Touching off a wave of outrage across the country, the death of a young YouTube Iraqi star at the hands of her father has shone a spotlight again on so-called "honor killings" inside the conservative country. Tiba al-Ali, 22, was killed by her father on January 31 in the southern...
  • Iraq hopes talks can resolve hitches in US$10bn Total deal

    Iraq admitted it had differences with France's TotalEnergies over a US$10-billion contract, including over the distribution of investments, but expressed hope they can be resolved through talks. "We have given ourselves time to continue the dialogue and reach a satisfactory solution for the parties involved regarding certain points of contention,"...
  • Iraq calls for more economic cooperation with Saudi Arabia

    Baghdad is currently heavily dependent on neighboring Iran for its electricity and gas and has sought to diversify its energy sources.
  • New bank reforms reveal fraudulent dollar transactions: Iraq PM

    Iraq's Prime Minister Mohammed Shia al-Sudani has said the country's new banking regulations have revealed fraudulent dollar transactions made from his country. In recent months the country has been seeking to make sure that its banking system is in sync with the international electronic transfer system.
  • Winter rains bring life back to Iraq’s drought-hit marshlands

    The relief of rainfall early this month was welcomed by the UN agency, which noted in a statement that in the Chibayish region "salinity levels decreased" to the point that people and animals could again drink the water.
  • Air strikes hit convoy crossing into eastern Syria from Iraq

    A convoy of trucks driving into eastern Syria from Iraq on Sunday was hit by air strikes, destroying all the vehicles, according to a war monitor. The Syrian Observatory for Human Rights said that six refrigerated trucks were the target of strikes by unidentified aircraft in the Albu Kamal border...
  • Tourism in Iraq can be a success, says First Deputy Speaker of Parliament

    BAGHDAD, IRAQ -  First Deputy Speaker of Parliament Mohsen Al-Mandalawi said that the tourism sector in Iraq has all the ingredients for success.Al-Mandalawi made the statement while meeting with the Association of Travel and Tourism Companies in Iraq, a statement issues by the  media office of the First Deputy Speaker...
  • Iraq loses 7500MW as Iran slashes gas exports to Baghdad

    Baghdad, Iraq - Iraq's Minister of Electricity, Ziyad Ali Fadel said the national grid has lost 7,500 megawatts in the past days due to curtailed Iranian gas imports which led to a decline in processing hours.He said the memorandum of understanding signed with the German company Siemens will lead to...
  • Iraqi PM to visit France for energy and security talks

    BAGHDAD, IRAQ -  Iraqi Prime Minister Mohammed Shia al-Sudani will travel to France on Thursday for energy and security talks with President Emmanuel Macron, he told AFP.Sudani, in written answers to AFP, said he wants to "activate the agreements" between oil-rich Iraq and France "particularly in the transport, energy and investment sectors".French...
  • Small businesses, big dreams: Iraq’s women entrepreneurs

    The International Organization for Migration said in an October report that "prevailing customs and traditions... limit women's activities to their domestic and nurturing role". Adel said such prejudices, as well as practical difficulties, posed a challenge to fulfilling her dream. A graduate of the University of Baghdad who specialised in...
  • Iraqi central bank chief quits amid currency volatility

    Iraq's prime minister said the country's central bank governor had been relieved of his duties as the local currency continues to fall against the dollar. "The central bank governor's request for discharge was approved, as was the request for retirement by the president of the Trade Bank of Iraq," Prime...
  • Iraq’s Gulf Cup victory marred by stampede, logistical slips

    Baghdad, Iraq--Iraq saw the Gulf Cup as a chance to rehabilitate its image after a years-long football hosting ban, but a deadly stampede and organizing gaffes have dampened the cheer despite its home victory.Thursday's stampede outside a football stadium ahead of the cup final in the southern city of Basra killed...
  • Iraq finalizes fresh air deals with Gulf countries

    BAGHDAD, IRAQ - The Civil Aviation Authority announced the work to conclude new air agreements with the Gulf states. A spokesman for the Civil Aviation Authority, Jihad Al-Diwan, told local media agency: "We have agreements with all Gulf countries and all Gulf national carriers that land in Iraqi airports, except for...
  • One dead, dozens hurt in stampede before Iraq Gulf Cup final, say medics

    One person was killed and dozens injured when a stampede broke out outside a football stadium in Iraq hours before the Gulf Cup final, medical and security sources said. Long banned from hosting international football matches, war-torn Iraq had been counting on its hosting of the Gulf Cup to burnish...
  • Iraq to partner with General Electric to build 400 energy plants

    Baghdad, Iraq--Iraq has begun constructing 400 energy plants of high-quality specifications in all regions across the country.In a press statement, Iraqi Minister of Electricity Ziyad Ali Fadel said that the Ministry has discussions and contracts with General Electric and other American companies to implement some of these projects.He pointed out...
  • Baghdad-Amman oil pipeline will soon be functional, says Iraqi Parliamentary Speaker

    BAGHDAD, IRAQ  - Iraqi Parliamentary Speaker Mohammed al-Halbousi said that an oil pipeline from Basra port to the Jordanian port of Aqaba will soon be operational pointing to many areas of cooperation between the two countries.Al-Halbousi, who spoke at a joint press conference at Baghdad airport with Jordan's Lower House...
  • Iraq’s currency in flux as foreign transfers come under scrutiny

    While the official exchange rate has been fixed at 1,470 Iraqi dinars against the dollar, the currency was trading at up to 1,600 to the greenback on local markets from mid-November, before settling at about 1,570 dinars, according to state media.
  • Iraq chamber asks government to tie up with German construction firms

    Baghdad, Iraq-- The head of the Federation of Iraqi Chambers of Commerce - FICC, Abdul Razzaq Al-Zuhairi, called on the government to move towards German companies in the field of construction and infrastructure development, while stressing that Iraq needs to develop trade relations with Germany.Iraqi News Agency reported that a...
  • Iraq’s Prime Minister heads to Germany for energy talks

    BAGHDAD, IRAQ - Iraq's Prime Minister Mohammad Shia al-Sudani left Thursday for Berlin to meet with German Chancellor Olaf Scholz and discuss projects to address chronic power shortages, the premier's office said.Despite its oil riches, Iraq is beset by crumbling infrastructure, endemic corruption and decades of war.Dependent on its powerful neighbor...
  • Iran and Iraq spar over naming of soccer event as Arabian Gulf

    Tehran, Iran -- Iran has protested to Iraq over the use of the name "Arabian Gulf" for a regional football competition held in the neighboring country, state media reported Wednesday.The Islamic republic insists the body of water should be called the "Persian Gulf" and has repeatedly raised the issue with countries...
  • Production at Karbala refinery will start in mid-March: Iraq

    The refinery production from high-octane gasoline will be a grade of 95, with a capacity ranging from 8 to 9 million litres per day.