Iraq · Country watch
Korek Telecom Shutdown, Iraq-Jordan-Egypt Oil Talks
Korek Telecom's network suspension disrupts telecom services, while Iraq, Jordan, and Egypt discuss strategic oil cooperation.
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Business conditions in Iraq are mixed today. Korek Telecom's network suspension disrupts telecom services, while stable US dollar rates provide financial consistency. Strategic oil talks with Jordan and Egypt may open new energy opportunities.
In this briefing Korek Telecom · Communications and Media Commission · US dollar · Iraqi dinar · Ali Ward Hammoud · State Company for Oil Projects · Basra-Haditha pipeline
Disruption
Korek Telecom Network Suspended in 14 Provinces
Iraq's Communications and Media Commission (CMC) has suspended Korek Telecom's network across 14 provinces due to the company's failure to meet contractual obligations, according to Iraq Business News. The shutdown affects millions of users and businesses relying on Korek's services. The CMC has stated it will pursue all necessary actions to enforce compliance. This suspension marks a significant disruption in Iraq's telecommunications sector.
Impact Telecom service users and businesses relying on Korek Telecom face disruptions in 14 provinces.
Sources: Iraq Business News ↗
Markets
US Dollar Rates Stable at 168,000 Dinars in Iraq
Part of: US Dollar fluctuations against Iraqi Dinar →
The exchange rate of the U.S. dollar against the Iraqi dinar remained stable at approximately 168,000 dinars across major commercial centers, according to Iraqi News. This stability in the currency market provides a consistent financial environment for businesses and consumers engaging in transactions involving the U.S. dollar.
Impact Importers and exporters dealing in U.S. dollars experience stable currency exchange conditions.
Sources: Iraqi News ↗
Politics
Iraq-Jordan-Egypt Trilateral Oil Cooperation Talks
The Iraqi-Jordanian-Egyptian trilateral coordination committee held its second meeting to discuss strategic oil, energy, and petrochemical projects, including the Basra-Haditha pipeline, according to Iraq Business News. The session, chaired by Ali Ward Hammoud, Director General of the State Company for Oil Projects, was conducted via videoconference. The talks aim to enhance regional cooperation in energy infrastructure and resource sharing.
Impact Energy companies and investors in Iraq, Jordan, and Egypt may see new opportunities in oil and energy projects.
Sources: Iraq Business News ↗
Nothing significant reported today in Regulation · Internal tension · Safety & health · Companies · Trade.
Also today in the local press
- كيف ينهي الذهب رحلته في 2026؟ وما الذي يقف وراء خسائره الأخيرة؟ - بي بي سي — Ahewar.org
- Iran Strikes and Israel Aid Cuts Shake Up Election Day — Lvin Press Kurdish
- Oil Prices Edge Higher After Report of US Strike on Iran’s Qeshm Island — PUKmedia Kurdish
- Harmonic revenues break beyond Comcast and Spectrum — Iraqi Media Network
- Chinese telcos take 45% stake in new $4.5B national data company — Iraqi Media Network
- Italy holds security talks after European freezer cyberattacks — Iraqi News
- Iraq targets 2028 WTO accession as ITC proposes national trade strategy — Iraqi News
- Malaysia's OMS Group raises $1.03B loan to expand subsea cable fleet — Iraqi Media Network
Sources in this briefing
Sources: each headline links to the original article on the publisher's site.