Rafidain Bank to Offer Loans for Bismayah Apartment Contractors
By John Lee. Loans for contractors on residential units at the Bismayah housing project are to be released through Rafidain Bank, following an emergency meeting between the National Investment Commission (NIC) and the Ministry of Finance. NIC Chairman Adel Dakhil Muhammad al-Yasiri met with Finance Ministry Undersecretary Dr. Ali Karim Hussein on Thursday to resolve […]
Infrastructure Funding for Three Iraqi Border Crossings
By John Lee. Iraq's cabinet has approved the allocation of IQD 15 billion ($11.5 million) for infrastructure development at three border crossings. According to the Prime Minister's Office, the funds will be directed towards upgrading the crossings at Rabia (pictured), Al-Waleed, and Safwan. (Source: Prime Minister's Office)
New Rules for Pre-Payment of Iraqi Customs Duties
By John Lee. A new framework requiring importers to pay customs duties and estimated tax deposits in advance is to take effect in Iraq from 1 October 2026, according to a decision by the Council of Ministers. Under the new rules, importers will be required to deposit foreign transfer amounts for import purposes with authorised […]
Al-Fares Supplies Maysan with Water Purification Plant
By John Lee. Al-Fares General Company, a subsidiary of the Ministry of Industry and Minerals, has supplied the Maysan Water Directorate with an integrated water filtration and purification complex with a production capacity of 50 cubic metres per hour. The complex was manufactured at the company's specialist production facilities. According to the Ministry of Industry […]
Iraqi-Czech Water Sector Cooperation Talks
By John Lee. Iraq's Ministry of Construction, Housing and Municipalities has held talks with the Czech Republic on cooperation in water treatment and desalination projects. The meeting was attended by Michal Svoboda, the Czech Republic's Minister Plenipotentiary to Baghdad, and a representative of the Iraqi Ministry of Foreign Affairs. Iraq was represented by Engineer Ammar […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 20th August 2026). Please click here to view a table of listed companies and their associated ticker codes. Rabee Securities' Market Indexes Change - Weekly Index Code Closings Change (w/w) (%) Change (YTD) (%) IQD-RSISX 2,770.5 -1.01% 8.36% USD-RSISX 2,724.2 -1.01% 8.36% […]
Iraq Considers Deleting Zeros from Dinar; Officials Revive Currency Overhaul
By Sinan Mahmoud, for The National. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq Considers Deleting Zeros from Dinar as Officials Revive Currency Overhaul Iraq is again considering a long-standing and controversial plan to delete zeros from the dinar as the country […]
New Loan Under Discussion for Iraq Electricity Infrastructure
By John Lee. Priorities for a new World Bank loan to Iraq's electricity sector were discussed at a meeting between Electricity Minister Ali Saad Wahib and Emmanuel Salinas Munoz, the World Bank's country director for Iraq, on Wednesday. According to the Ministry of Electricity, the meeting also reviewed progress on projects under the current World […]
New Oil Export Mechanisms Approved for Iraq
By John Lee. Iraq's Council of Ministers has approved new mechanisms for exporting Iraqi oil through specialist international and domestic companies via multiple outlets, under contracts of three months' duration beginning 1 September 2026. The Council also approved exceptional authorisations to expand export and import capacities. The Minister of Oil, Basim Muhammad Khudhair al-Abadi, has […]
Protecting Foreign Investors from Administrative Corruption in Iraq
By Bayan Al Hashimi. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Protecting Foreign Investors from Administrative Corruption in Iraq A practical legal framework for reducing administrative and compliance risk. Foreign investors considering Iraq usually begin with familiar questions: Is the project commercially viable? […]
Iraq to Cut Fuel Subsidies from September
By John Lee. Iraq's Cabinet of Ministers has approved a set of measures to reform crude oil pricing and reduce fuel subsidies, effective from 1 September 2026. Under the approved measures: Crude oil purchases will be priced at either the State Oil Marketing Organization (SOMO) rate or the price stipulated in the general budget, whichever […]
Italian Companies Invited to Join Iraq's Development Drive
By John Lee. Iraq has expressed interest in deepening economic ties with Italy and broader engagement with European Union member states. Prime Minister Ali al-Zaidi met with Italian Ambassador Niccolò Fontana in Baghdad on Sunday, with discussions covering bilateral relations and ways to develop cooperation across multiple sectors. According to the Prime Minister's Office, Ali […]