Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. The Babil Cement Factory, operated by the General Company for Iraqi Cement (GCPI) under the Ministry of Industry and Minerals, has reported a significant increase in production of non-standard cement (oil well cement, grades B and G) in February of this year. Production reached 3,240 tonnes during February, a substantial rise compared […]
By John Lee. Tareeq Al Majal has signed a distribution agreement with China's Geely Auto, marking the brand's official return to Baghdad. The agreement was signed by Ali Jaffar, CEO of Tareeq Al Majal, and Tian Jinjun, General Manager of Geely International Middle East. Under the partnership, Tareeq Al Majal will introduce a new Geely […]
By John Lee. A meeting took place at the Iraqi Embassy in London on 23rd April 2026 to explore prospects for joint cooperation in economic and commercial fields. The Iraqi side was represented by Counsellor Amer Abdulhussein Al-Fatlawi and Counsellor Atheer Abood Al-Saedy. The British side included Raoul Hodgson from the Iraq Department at the […]
By John Lee. The Iraqi Ministry of Trade has launched an integrated electronic platform under its Companies Registration Directorate, aimed at streamlining the process of establishing and registering businesses in Iraq. Key features and developments include: Full automation of company registration and establishment procedures Significant reduction in bureaucratic processes, with transactions that previously took weeks […]
By John Lee. Iraq's Ministry of Planning has held an expanded meeting to discuss the country's artificial intelligence strategy, focusing on the development of measurable and achievable objectives aligned with Iraq's capabilities and ambitions in the field. Key topics included: Refining the strategy's goals to meet Ministry of Planning standards Mechanisms for establishing a sovereign […]
By John Lee. The General Company for Land Transport (GCLT) has marked one year since the launch of the International Road Transport (TIR) system in Iraq, which came into operation in April 2025. According to the company's director-general, Mortada Karim Al-Shahmani, approximately 2,000 transit operations have been completed across Iraqi territory during the first year. […]
By John Lee. Measures to support Iraq's cement industry and enhance self-sufficiency have been discussed at a meeting between the Ministry of Industry and Minerals and private sector operators. The meeting, chaired by Industry Minister Khaled Battal Al-Najm, brought together representatives of clinker grinding plants and cement producers, alongside officials from the State Company for […]
By Hayder Aziz. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Cylinder Seal: A Sovereign Digital Currency Engine for Iraq's Non-Oil Economy Abstract Iraq's economy faces a deeply interconnected set of problems: a vast informal workforce invisible to the financial system, a crushing 14:1 […]
By Mustafa Saadoon, for Al Hurra. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Exclusive: U.S. Moves Against Iran-Aligned Factions in Iraq Two government sources working in the Iraqi Council of Ministers confirmed to Alhurra that "the United States has halted dollar shipments to […]
By John Lee. The Rabia border crossing between Iraq and Syria has reopened after 13 years, restoring a key trade route between the two countries. The reopening follows the completion of rehabilitation and reconstruction works covering infrastructure and service facilities, reflecting improved security conditions in border areas and a broader push to strengthen regional trade […]
By John Lee. The Iraqi Securities Commission (ISC) has approved the listing, deposit, and trading of shares for three companies on the over-the-counter (OTC) platform. The decision was taken during the Commission's fourth session held on 16th April 2026. The companies admitted to the OTC platform are: Al-Batak Insurance Company Asia Insurance Company Al-Sharq Insurance Company […]
By John Lee. Moody's has changed its outlook on the Government of Iraq to negative from stable and affirmed the long-term issuer ratings at Caa1. It said: "The change in the outlook to negative reflects rising risks to Iraq's credit profile stemming from the conflict in the Middle East, as risks to energy flows and […]
