Iraqi Dinar Revalues
By John Lee. Iraq has raised its official exchange rate from 1,310 to 1,500 Iraqi dinars per US dollar. Iraq's Ministry of Finance confirmed the change today (Wednesday, 7th October), saying it follows a cabinet resolution (No. 544) issued on 6th October. The ministry also announced the suspension of Cabinet Resolution No. 413 of 2026, […]
1,120 TIR Transit Journeys Cross Iraq in September
By John Lee. Iraq completed 1,120 cross-border freight trips under the TIR transit system in September, with cargo moving from Turkey and Europe towards Gulf states and Jordan. According to the Ministry of Transport, the journeys were carried out by the General Company for Land Transport, a subsidiary of the ministry, and operated under formal […]
Iraq and UN Launch Sustainable Development Cooperation Framework
By John Lee. The Sustainable Development Cooperation Framework for Iraq 2025-2029, a joint framework between the Iraqi government and the United Nations, was formally launched on Sunday at a ceremony held at the Ministry of Planning in Baghdad. The event was organised by the ministry's International Cooperation Department, with representatives from government ministries, UN agencies, […]
Iraq-Huawei Data Centre Partnership
By John Lee. A memorandum of understanding (MoU) has been signed between the Informatics and Telecommunications Public Company (ITPC) and China's Huawei, for the establishment of data centres and the development of international partnerships to deliver high-quality services. The agreement was signed on the sidelines of the Iraq International Exhibition and Conference ITEX5-2026, under the […]
Iraqi Line to Resume Gulf Operations After 50-Year Halt
By John Lee. Iraq's national maritime carrier, Iraqi Line, is to resume commercial shipping operations in the Gulf after a halt of more than 50 years. The first sailing is scheduled to depart from Jebel Ali port in the United Arab Emirates, bound for Umm Qasr port, on 15th October. According to Iraq's Ministry of […]
Iraq Launches $2.7bn Economic Stimulus Package
By John Lee. Iraq has announced a package of economic stimulus measures totalling around IQD 3.5 trillion ($2.7bn), covering housing finance, industrial lending, contractor payments, agricultural dues, and an expanded generations fund. The measures were agreed at a meeting chaired by Prime Minister Ali al-Zaidi and attended by the Minister of Finance, the Governor of […]
Qs and As Regarding the Al-Zaidi Govt's Views on Petroleum Issues
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Qs & As Regarding Al-Zaidi Government' Views on Petroleum Issues Interest in the Iraqi petroleum sector has intensified lately, particularly from energy-focused Western media sources. In response to my articles and presentations […]
EU-Iraq Trade and WTO Accession Talks
By John Lee. Iraq's Minister of Trade, Mustafa Nizar Jumaa, has met with European Union Ambassador Clemens Smettner in Baghdad to discuss expanding trade and investment cooperation and advancing Iraq's bid to join the World Trade Organization (WTO). According to the Ministry of Trade, Jumaa called on the EU to continue supporting Iraq's WTO accession […]
Iraq Launches Digital Tax Assessment System
By John Lee. Iraq has launched its first electronic tax assessment system for large taxpayers. The system was introduced at the General Commission for Taxes (GCT) in the presence of Finance Minister Faleh Sari and a number of the ministry's director-generals. According to the Ministry of Finance, the system allows taxpayers to complete tax assessment […]
Russia-Iraq Business Mission Signs First Deals in Kurdistan
By John Lee. A Russian business mission has signed its first commercial agreements with Iraqi counterparts in the Kurdistan Region of Iraq (KRI), following meetings with the Kurdistan Importers and Exporters Union in Erbil. Branch heads from five provinces - Erbil, Sulaymaniyah, Dohuk, Kirkuk, and Halabja - took part in the expanded session. According to […]
Iraqi Finance Ministry "Sets New Dinar Rate for Selected Projects"
From Kurdistan24. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraqi Finance Ministry Sets $100 at 150,000 Dinars in Budget Iraq has set $100 at 150,000 dinars for certain housing payments, but Kurdistan Region investors lack access to the same official-dollar mechanism. Click here […]
Lufthansa Group Returns to Baghdad after 40-Year Absence
By John Lee. German airline Eurowings, a subsidiary of the Lufthansa Group, is to begin four direct weekly flights to Baghdad from December 2026, operating two services from Berlin and two from Düsseldorf. According to Iraq's Ministry of Transport, this will mark the first return of German passenger carriers to Iraq since the early 1980s. […]