Iraqi Dinar Hoarding "Has Reached Critical Levels"
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. 90 percent of Iraq's money supply held outside banks: PM advisor Nearly 90 percent of Iraq's money supply is held outside the formal banking sector, largely hoarded in homes, a senior financial advisor to […]
CBI Governor Named Deputy Head of Arab Monetary Body
By John Lee. Nizar Nasser Hussein, Governor of the Central Bank of Iraq (CBI), has reportedly been elected Deputy Chair of the Council of Governors of Arab Central Banks and Monetary Institutions. According to the state-run Iraqi News Agency (INA), the position is described as the second-highest in the Arab world in the fields of […]
Housing Rehabilitation Project in Sinjar District
By John Lee. The United Nations Office for Project Services (UNOPS) has awarded a contract for the rehabilitation of 42 category III housing units in Sinjar District, Ninewa Governorate. The contract has been awarded to Alshiaar Company for Trading and General Contracting Ltd., with a value of $531,610. (Source: UNOPS)
Iraq "Caught in Middle as Trump Pursues 'Air Blockade' of Iran"
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Deep Dive: Iraq Caught in Middle as Trump Pursues 'Air Blockade' of Iran New US sanctions targeting more than two dozen Iranian airlines took effect on 23rd September, threatening any entity serving the […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 1st October 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 2,626.5 -1.28% 2.73% USD-RSISX 2,582.6 -1.28% 2.73% […]
Top 10 Dinar Articles from September
The following were the ten most read dinar-related articles on Iraq Business News for the month of September: Illegal Currency Network Dismantled as Dinar Weakens Iraq "Considers New Banknote Series" You Bought Iraqi Dinars. Now What? 2026: The Year Iraqi Dinar Speculators Finally Strike Gold? Will the Iraqi Dinar Revalue on Sovereignty Day? The Iraqi […]
Iraq Declares Full Sovereignty as International Coalition Withdraws
By John Lee. Iraq has declared full sovereignty following the complete withdrawal of international coalition forces from the country by land, air, and sea, with effect from 1 October 2026. In a statement, Prime Minister Ali al-Zaidi said the withdrawal marks the beginning of a new phase in which Iraq will operate as a fully […]
Iraqi Airways to Resume Flights to Iran
By John Lee. Iraqi Airways is preparing to resume flights to Iran in October, after a suspension that has been in place since March. The flights are expected to depart initially from Najaf International Airport, pending completion of the required regulatory and technical procedures. According to the Ministry of Transport, the airline has obtained a […]
Ban on Export of Key Industrial Metals from Iraq
By John Lee. Iraq's Council of Ministers has approved a ban on the export of copper and its alloys, aluminium and its alloys, lead, and iron alloys in all forms and scrap, citing urgent domestic industrial need and the requirement to ensure adequate supply to local factories. The decision also restricts the domestic trading of […]
Legal Action Planned Against BP Over Rumaila Flaring
By John Lee. UK-based law firm Hagens Berman EMEA says it has sent a letter before action to BP, giving notice of intended legal proceedings over alleged gas flaring pollution at the Rumaila oil field near Basra, which the firm links to elevated rates of cancer and respiratory illness in surrounding communities. The letter, sent […]
IPBL and IFC Training on Risk Management for Iraqi Banks
By John Lee. A specialist training course on risk management and environmental, social, and governance (ESG) standards has been held for staff from a number of banks operating in Iraq. The course was organised by the Iraqi Private Banks League (IPBL) in cooperation with the International Finance Corporation (IFC), a member of the World Bank […]
Swedish Pharma Firm Secures Exclusive Iraq Rights
By John Lee. Sweden's Newbury Pharmaceuticals AB has signed a ten-year exclusivity agreement with an unnamed Chinese pharmaceutical manufacturer, granting it exclusive rights to register, market and sell a portfolio of 40 products in Iraq. The deal was signed through its subsidiary Newbury Pharmaceuticals S.A. The portfolio centres on injectable medicines for hospital and acute care […]
Iraq Moves Towards Hydrographic MoU with UK
By John Lee. Iraq's Ministry of Transport is advancing preparations for direct negotiations with the UK Hydrographic Office (UKHO) on a memorandum of understanding (MoU) aimed at strengthening technical cooperation and developing national hydrographic capabilities. According to the Ministry of Transport, a dedicated committee reviewed a revised draft MoU prepared in coordination with relevant government […]