Iraq Business News brings you the latest Iraq banking & finance news, with information on developments and opportunities.
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. 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 Central Bank of Iraq (CBI) has held a meeting with licensed electronic payment companies in Iraq to advance the development of the national payments system and promote financial inclusion. According to the CBI, the governor emphasised that e-payment firms must raise the quality, efficiency, and reliability of their services to build […]
By John Lee. Iraq's General Company for Building Materials Trading has launched a direct sales and instalment scheme under an initiative called "Al-Taaoun lil-Insha'iya" (Cooperation for Construction), allowing state employees and retirees to purchase building materials, furniture, and household electrical appliances on instalment terms of up to 15 months, with no guarantor or down payment […]
By John Lee. The Iraqi Private Banks League (IPBL) has welcomed the recent announcement that seven Iraqi private banks are to regain access to foreign currency correspondent banking channels (excluding the US dollar). The announcement followed high-level talks between the Central Bank of Iraq (CBI) and officials at the US Treasury. An IBPL statement described […]
By John Lee. The opening of foreign bank branches in Iraq will help fund investment projects, ease banking operations for foreign companies, expand financing channels, and transfer modern banking expertise, according to Finance Minister Faleh Sari. Sari made the remarks following a meeting between a government delegation led by Prime Minister Ali al-Zaidi and representatives […]
By Guest Blogger. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. 1. A historic volume of agreements - 48 in total A total of 48 agreements, memoranda of understanding, cooperation agreements and partnership declarations were signed between public and private sector entities in Iraq […]
By John Lee. An agreement has been reached to open a branch of JP Morgan in Iraq to finance projects implemented by American companies. The deal was agreed during a meeting in Washington between Prime Minister Ali al-Zaidi and representatives of the bank. Earlier this month, we reported that KAR Electrical Power Plant Production Trading […]
By John Lee. Seven Iraqi banks have been cleared to re-enter non-dollar international correspondent banking channels, following high-level meetings between the governor of the Central Bank of Iraq (CBI) and officials at the US Treasury. The meetings followed Prime Minister Ali al-Zaidi's official visit to the United States and his meeting with the US President. […]
By John Lee. Iraqi Prime Minister Ali al-Zaidi has met International Monetary Fund (IMF) Managing Director Kristalina Georgieva in Washington on Saturday to discuss Iraq's economic outlook and the prospects for cooperation between the two parties. According to the Prime Minister's Office (PMO), talks covered economic and financial reform policies, efforts to achieve sustainable growth, […]
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq's State Deficit Jumps 68% in First Quarter of 2026 Iraq recorded a budget deficit of nearly 11 trillion Iraqi dinars ($8.3 billion) in the first four months of the year, marking a 68 […]
By John Lee. Iraq's Prime Minister Ali al-Zaidi has met with World Bank Group President Ajay Banga in Washington. The delegation accompanying Banga included Makhtar Diop, President of the International Finance Corporation (IFC), and senior World Bank officials. According to the Prime Minister's Office, al-Zaidi highlighted the government's focus on banking sector reform and programme […]
