Iraq Business News brings you the latest Iraq banking & finance news, with information on developments and opportunities.
By John Lee. The Central Bank of Iraq (CBI) has announced the launch of the country's first university-based virtual banking project, with the initial phase set to start at Al-Muthanna University. The project was unveiled during the university's comprehensive exhibition, held alongside the 2nd Scientific Conference on "Artificial Intelligence and Labour Market Requirements," organised by […]
By John Lee. Iraq's Ministry of Interior has announced that the Anti-Organized Crime Unit in Najaf Governorate successfully apprehended a suspect involved in the trade and circulation of counterfeit currency. According to a statement from the Ministry, the arrest followed intensive intelligence gathering and continuous monitoring, and was carried out based on precise information. The […]
By John Lee. Prime Minister Mohammed S. Al-Sudani met with a delegation from Arab Bank, headed by Chairman of the Board of Directors Mr. Sabih Al-Masri, on Sunday, as part of preparations for the inauguration of the bank's new branch in Baghdad. The meeting focused on enhancing financial and banking cooperation between Iraq and Arab […]
From the Iraq Britain Business Council (IBBC): How Iraq is Modernising and Diversifying its Growing Economy For the last three years Iraq has enjoyed relative stability, good oil prices and a growing economy. For those who invested in the Iraqi stock market, returns of over 100% are common and GDP in 2025 is estimated to […]
By John Lee. Prime Minister Mohammed Shia' Al-Sudani addressed the Conference on Reforming the Iraqi Banking Sector on Monday, outlining an ambitious agenda to modernise Iraq's financial infrastructure and promote sustainable economic development. Key initiatives and achievements highlighted in the Prime Minister's address include: Implementation of a three-year national budget, enabling long-term planning and strategic […]
By John Lee. The London School of Economics (LSE)'s Middle East Centre has hosted a talk by Ahmed Tabaqchali, exploring the economic and financial interactions of the Iraqi economy with the outside world, particularly the use of the dollar in relation to Iran and the US. While the US' Iraq policy is still fluid, there […]
By Salam Jabbar Shihab, for the Al-Bayan Center for Planning and Studies. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Real Estate and the Banking Intermediary Between Sellers and Buyers: Will the Real Estate Market Boom or Collapse? Several macroeconomic factors are driving the […]
By Ahmed Tabaqchali, Chief Strategist of Asia Frontier Capital (AFC) Iraq Fund, for the London School of Economics (LSE) Middle East Centre. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Empire Strikes Back: Trump 2.0 and Iraq's Dollar Accounts at the Federal Reserve […]
By John Lee. Back in January, Iraq Business News ran an online survey asking opinions on a revaluation of the Iraqi dinar following the inauguration of US President Donald Trump. This survey did not pretend to be scientific, as respondents were self-selecting, leading to a high risk of sampling bias, but it served to show […]
By John Lee. Prime Minister Mohammed S. Al-Sudani chaired a meeting on Sunday to review the reform process for Rafidain Bank and Rasheed Bank, with representatives from Ernst & Young (EY) in attendance. The discussions focused on aligning the banks' operations with international standards, addressing debt repayment mechanisms, and enhancing staff training. The Prime Minister […]
By John Lee. Iraq's Minister of Finance, Taif Sami, met with Jean-Christophe Carret, the World Bank's representative in Iraq, to discuss strengthening economic and financial cooperation. The discussions focused on strategic projects aimed at stimulating economic growth, creating jobs, and developing infrastructure and human capital. Minister Sami emphasized Iraq's commitment to leveraging technical and financial […]
By John Lee. Iraq's delegation concluded its meetings with the International Monetary Fund (IMF) in Amman (February 24-26), with participants including Minister of Finance Taif Sami and the Governor of the Central Bank of Iraq (CBI). Discussions focused on Iraq's economic performance and sustainable growth prospects, with the IMF acknowledging the progress made. Key discussions […]
