Iraq PM Aims for 8-10m Barrels/day within 6 Years
By John Lee. Iraqi Prime Minister Ali al-Zaidi has announced plans to distribute one million residential land plots to citizens, with the last plot to be allocated within three years. He made the comments on Friday during a session at the eighth Baghdad Dialogue Conference, organised by the Iraqi Institute for Dialogue. According to the […]
Iraq's Ration Card System to be Automated
By John Lee. Plans to automate Iraq's ration card system were discussed at a meeting between the Ministry of Trade and two technology companies. Iraq's Minister of Trade, Mustafa Nizar Jumaa, visited the General Company for Food Commodities Trading, where he met representatives of the National Company for Information Technology and Rabt Al-Najm, alongside senior […]
Sanctions Reshape Economic Model of Iraq's Armed Groups
By Ali Hussein Al-Khafajy, for Chatham House. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Sanctions have Reshaped, Rather than Weakened, the Economic Model of Iraq's Armed Groups Mounting US pressure on the financing channels of armed groups in Iraq may not weaken their […]
Iraq "Records $16bn Budget Deficit in 1H 2026"
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq Records $16 Billion Budget Deficit in First Half of 2026: Ministry Iraq has spent some 57.18 trillion dinars (roughly $43.5 billion) in the first six months of 2026 while revenues stood at just […]
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 […]