PM Defends Dinar Rate Decision, Outlines Plans
By John Lee. Prime Minister Ali al-Zaidi has addressed parliament to explain the government's decision to change the exchange rate and outline steps to protect living standards and maintain regular payments of salaries and essential expenditure. According to the Prime Minister's Office, al-Zaidi met with parliament speaker Hibat Hamad al-Halbousi and the heads of parliamentary […]
New Plant Genetic Resources Bank opened in Baghdad
From UN Iraq. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. FAO, European Union and Ministry of Agriculture inaugurate rehabilitated National Plant Genetic Resources Bank in Baghdad The Food and Agriculture Organization of the United Nations (FAO), the European Union and the Ministry of […]
Strategic Power Projects Under Review with Siemens
By John Lee. Three strategic high-voltage electricity substations are under development in Karbala, Najaf and Baghdad as part of Iraq's power transmission upgrade programme. Progress on the projects was reviewed at a meeting between the General Company for Electricity Transmission in the Middle Euphrates and Siemens, which is delivering the work under Phase Two of a […]
Cabinet Approves Winter Agricultural Plan for 2026/27
By John Lee. Iraq's Cabinet has approved the winter agricultural plan for the 2026/27 season, setting out wheat procurement targets, seed subsidies, and fertiliser policy. According to the Prime Minister's Office, the Ministry of Trade is authorised to purchase up to 4 million tonnes of wheat from all governorates, excluding the Kurdistan Region, at prices […]
Iraq Trade Policy Framework in Development with ITC Support
By John Lee. Iraq's Ministry of Trade is working with the International Trade Centre (ITC) to develop a national trade policy and a National Trade and Investment Strategy. The two sides met to discuss the key sectors and themes to be covered by both documents, and to agree on methodology and work phases. According to […]
Turkey "to Gain from Upcoming Oil Pact with Iraq"
By Nadim Kawach, for Arabian Gulf Business Insight (AGBI). Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Turkey to Gain from Upcoming Oil Pact with Iraq Turkey will gain from an expected oil pact with Baghdad that replaces a decades-old deal governing Iraq's […]
Basrah Gas Company Awarded the Rasmi Al Jabri Award
From the Iraq Britain Business Council (IBBC). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Basrah Gas Company Awarded the Rasmi Al Jabri Award for Business Excellence At the prestigious IBBC 2026 Annual Retreat at Cumberland Lodge, Great Windsor Park, Basrah Gas Company (BGC) […]
Iraqi Dinar Devaluation: How Does It Affect You?
Wednesday's devaluation of the the Iraqi Dinar (IQD) by approximately 15 percent follows months of pressure on the currency; the dollar has recently reached over 157,000 dinars per $100 on the parallel market, It is not the first time Iraq has taken this step. In December 2020, the CBI cut the dinar's value by about […]
CBI Confirms Devaluation of Iraqi Dinar
By John Lee. The Central Bank of Iraq (CBI) has confirmed the approximately 15-percent devaluation of the Iraqi dinar, which we reported on Wednesday. In an official statement, it said that the new rate is intended to support domestic industry, improve the competitiveness of Iraqi goods against imports, attract investment to non-oil productive sectors, and create […]
New Fibre Route to Link Gulf and Europe via Iraq
By John Lee. A dark fibre agreement has been signed between OFN, the international connectivity arm of Asiacell parent Ooredoo Group, and iQ Networks, an Iraqi fibre-optic infrastructure provider, to enable terrestrial transit connectivity across Iraq towards Türkiye and Europe. According to Ooredoo Group, the agreement supports the overland component of a planned integrated connectivity […]
Qatar-Iraq Business Council Established
By John Lee. Qatar Chamber and the Federation of Iraqi Chambers of Commerce have signed a Memorandum of Understanding (MoU) to establish a Qatar-Iraq Joint Business Council. The signing took place on Wednesday at a bilateral business meeting in Doha, attended by senior figures from both chambers and prominent business leaders from each country. The […]
Iraqi Airways to Resume Direct Flights to Iran
By John Lee. Iraqi Airways is to resume direct flights to Iran from Thursday, according to the Ministry of Transport. The new schedule includes daily services between Najaf International Airport and the Iranian cities of Mashhad, Tehran, and Isfahan. (Source: Ministry of Transport)