Iraq has managed to uphold domestic stability despite regional turmoil. However, rapid expansion of spending and emerging financing constraints led to arrears accumulation in 2024. These challenges ...

A drone attack has targeted an oilfield in Dohuk, operated by Hunt Oil, marking the second assault on the same site in one ...

The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Iraq and considered and endorsed the staff appraisal without a meeting on a lapse-of-time basis ...

The U.S. warns Iraq over Iranian oil smuggling, threatening sanctions on SOMO and freezing $350M in revenue. Iraqi MPs plan to summon the Oil Minister amid fears of an economic crisis, as over 90% of ...

The oil dispute between Baghdad and the Kurdistan Region of Iraq (KRI) is fundamentally about sovereignty, not oil. Iraq’s Federal Supreme Court and the proposed Unified Oil Law have cemented ...

Iraq is at risk of economic collapse as oil revenues make up 91% of its federal income, exposing deep fiscal vulnerabilities amid falling prices and persistent regional disputes.

Iraq presents a unique and complex environment for businesses, with its blend of immense economic opportunities and intricate regulatory challenges. For foreign investors, understanding how local ...

Iraq stopped sending oil through the pipeline in March 2023 after the arbitration court ruled in Baghdad’s favor. Attempts to reach a deal to restart exports have repeatedly stalled.

Iraq's oil ministry said on Thursday it holds the Kurdish regional government (KRG) legally responsible for the continued smuggling of oil from the Kurdish region outside the country. Control over ...