By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. A New Initiative to Expand Iraqi Crude Oil Exports Calls to expand Iraq's oil exports have intensified lately. All such calls focus on a westward direction, suggest unilateral routes, and are governed […]
By John Lee. Ali Abdul-Reza Hassan al-Alwan has been appointed chairman and board president of state-owned Trade Bank of Iraq (TBI). The appointment was made by order of the Prime Minister. Al-Alwan said the coming period would focus on consolidating the bank's development trajectory and strengthening its institutional performance through a strategic vision and integrated […]
By John Lee. A delegation of Turkish business leaders has met Iraqi Prime Minister Ali al-Zaidi in Baghdad to discuss bilateral economic and investment cooperation. The delegation was led by Lütfi Elvan, former Deputy Prime Minister and Minister of Treasury and Finance of Turkey. According to the Prime Minister's Office, al-Zaidi invited Turkish companies to […]
By John Lee. A $75 million trade finance facility has been agreed between the European Bank for Reconstruction and Development (EBRD) and Al Mansour Bank for Investment (MBI), one of Iraq's leading private-sector banks. The facility is provided under the EBRD's Trade Facilitation Programme (TFP) and will offer guarantees and cash advances to support MBI's […]
By John Lee. Talks have taken place on the possible establishment of an Iraq-Canada Business Council to strengthen economic, trade, and investment relations between the two countries. Malik Khalaf al-Durai'i, Director General of the Private Sector Development Department at the Ministry of Trade, met with the Vice President of the Canadian-Iraqi Business Council and an […]
By John Lee. The governors of Iraq's and Iran's central banks have met in Baghdad to discuss financial and banking cooperation between the two countries. According to the Central Bank of Iraq (CBI), the meeting was attended by Nizar Nasser Hussein, the CBI Governor, and his Iranian counterpart, Abdolnaser Hemmati, along with Iran's Ambassador to […]
By John Lee. Iraq's Ministry of Oil is planning a strategic overhaul of the Iraqi Oil Tanker Company (IOTC), including partnerships with tanker-owning firms, deferred-payment purchases, and leasing arrangements to expand the fleet. The ministry's aim is to acquire large modern vessels with a capacity of up to two million barrels, better suited to the […]
By John Lee. A meeting in Baghdad between Iraqi officials and a European Union delegation has covered a range of trade and investment topics, including Iraq's accession to the World Trade Organization (WTO) and the activation of a partnership and cooperation agreement between Iraq and the EU. The meeting was hosted by the Federation of […]
By John Lee. Iraqi trucks operated by the General Company for Land Transport have completed the first journey under the TIR transit system from the Arar border crossing to the Inche Burun border crossing on the Iran-Turkmenistan border. According to the Ministry of Transport, the operation was coordinated with relevant government, border, and customs authorities […]
Registration is now open for the Iraqi Children Foundation's (ICF) annual "In Their Shoes" 5K, taking place on Saturday, August 29, 2026, at Burke Lake Park in Fairfax, Virginia. Participants can also join virtually from anywhere in the world, making it easy for supporters across the country and around the globe to take part: https://runsignup.com/Race/VA/FairfaxStation/ICFGLOBALINTHEIRSHOES5K […]
By John Lee. Iraq plans to double its electricity production and distribution capacity by 2027, with measures targeting both supply expansion and the elimination of longstanding inefficiencies. Prime Minister Ali al-Zaidi made the announcement during a visit to the Ministry of Electricity, where he chaired a meeting with senior ministry officials. He directed the Minister […]
From Kurdistan24. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq to Drop Zeros From Its Currency as Dinar Redenomination Returns? Iraq's Communications Minister Mustafa Sanad says Iraq has decided to remove zeros from the dinar and reprint the currency, but the Central Bank […]
