By Nadim Kawach, for Arabian Gulf Business Insight (AGBI). Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq Corruption Crackdown to Cut Project Costs, PM's Aide Says Iraq's new government hopes an unprecedented crackdown on corruption will cut the cost of projects and […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 24th July 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 2,834.7 1.93% 10.87% USD-RSISX 2,787.3 1.93% 10.87% […]
By John Lee. New initiatives are planned to expand the activities of money exchange companies in Iraq and create additional revenue opportunities, according to the Central Bank of Iraq (CBI). Nizar Nasser Hussein, Governor of the CBI, met with a number of directors and board chairs of money exchange companies to discuss ways to develop […]
By John Lee. Iraq's Prime Minister Ali al-Zaidi held a phone call with German Chancellor Friedrich Merz on Wednesday, covering bilateral relations and cooperation across economic, trade, investment, and migration sectors. According to the Prime Minister's Office, al-Zaidi expressed Iraq's interest in expanding economic ties and attracting German companies to invest in the country. He […]
By John Lee. Progress on the Development Road project was discussed during a meeting in Baghdad between Prime Minister Ali al-Zaidi and Turkey's Minister of Transport and Infrastructure, Abdulkadir Uraloğlu. According to the Prime Minister's Office (PMO), Al-Zaidi called for a clear mechanism to be established for financing and implementing the project, with practical steps […]
By John Lee. A planned oil pipeline linking Haditha in Iraq to Baniyas on the Syrian coast is intended to serve as a strategic export route to European markets, according to the Syrian Petroleum Company (SPC). The project is expected to take between two and two-and-a-half years to complete. Safwan al-Sheikh Ahmad, Director of Communications […]
By John Lee. Iraq has signed an agreement with GE to implement a comprehensive plan for securing the country's energy supply. The deal was signed in Washington by Minister of Electricity Ali Saad Wahib, under the auspices of Prime Minister Ali al-Zaidi. According to the Ministry of Electricity, the agreement covers an integrated national programme […]
By John Lee. PepsiCo has reportedly signed two strategic agreements with Iraqi partners covering expanded beverage manufacturing and agricultural development. The agreements were signed at the US-Iraq High-Level Business Summit at the US Chamber of Commerce in Washington DC, on the sidelines of Prime Minister Ali al-Zaidi's visit to the United States. The first agreement, […]
By John Lee. The Iraqi Private Banks League (IPBL) has signed a memorandum of understanding (MoU) with Germany's Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), establishing a strategic framework to support the development of Iraq's financial and banking sector and promote sustainable economic growth. The MoU was signed by Ali Tariq, Executive Director of the Iraq […]
By John Lee. The Iraq Development Fund has identified investment opportunities worth $40 billion in goods currently imported into the country that could instead be produced domestically. Mohammed al-Najjar (pictured), head of the fund, told the state-run Iraqi News Agency (INA) that Iraq's annual import bill provides a measure of the scale of the opportunity, […]
By John Lee. Iraq's ports recorded strong financial and commercial growth in 2025, according to an annual statistical report published by the Statistics and Geographic Information Systems Authority of the Ministry of Planning. Key indicators for the General Company for Ports of Iraq (GCPI) showed: Total revenues of IQD 1,100.7 billion ($840 million), up 20.5% […]
By John Lee. The State Company for Marine Transport (SCMT) has taken initial delivery of 15 new boats and three ferries under a contractual agreement with China. The fleet includes modern tourist boats, two passenger ferries with a capacity of 200 passengers each, and a large multipurpose ferry capable of carrying 500 passengers and 80 […]
