Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By Ahmed Tabaqchali, Chief Strategist of AFC Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. "Equity Market Discounts Regional Tensions" The market, as measured by the Rabee Securities U.S. Dollar Equity Index (RSISX USD Index), was down 0.9% for the month, on […]
By John Lee. A hematite [haematite, Fe2O3] production project with an annual capacity of approximately 400,000 tonnes has reportedly been inaugurated in Maysan Governorate. According to the state-run Iraqi News Agency (INA), the project was launched by the Military Industrialization Authority, with Ali Mohsen Khudair, Director General of the General Company for Military Industries, saying […]
By John Lee. Al-Furat General Company, a subsidiary of the Ministry of Industry and Minerals, has completed construction of a new environmentally friendly sulphuric [sulfuric] acid production plant using advanced technology and Iraqi expertise. The company's Director General, Ali Qasim Al-Shammari, said the old sulphuric acid plant had been dismantled and replaced with a modern […]
By John Lee. State-run Iraqi News Agency (INA) reports that plans have been announced to develop clean energy power plants in Baghdad, Basra and Nineveh. It quotes the regional director of Shanghai (sic) as saying that the already-announced Nahrawan project in Baghdad will convert 5,000 tonnes of waste per day into 110MW of electricity, with […]
By John Lee. The Ministry of Planning has held a technical meeting to review mechanisms for selecting and evaluating projects and to enhance the efficiency of public investment management. The meeting was chaired by the Undersecretary for Technical Affairs, Dr Maher Hammad Johan, and focused on supporting project selection and evaluation activities in cooperation with […]
By John Lee. Iraq's General Customs Authority has reported its highest-ever monthly customs revenues, exceeding IQD 137 billion (USD 105 million) in January 2026, reflecting the impact of recent regulatory and administrative reforms. The Authority said the increase followed the full implementation of Decision No. 957 across all customs centres, improving revenue collection efficiency and […]
From Shafaq. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Dollar rises in Baghdad and Erbil The US dollar closed Thursday's trading higher in Iraq, hovering around 150,000 dinars per 100 dollars. Click here to read the full article. See also: US Reaffirms Support […]
By John Lee. Iraq's Ministry of Planning has held a steering committee meeting for the Supporting Economic Transformation (SET) project, in cooperation with the German Agency for International Cooperation (GIZ), to review progress and agree a roadmap for 2026. According to the Ministry, the meeting assessed achievements during 2025 and finalised joint planning for 2026, […]
By John Lee. The General Directorate for Industrial Development at the Ministry of Industry and Minerals granted 1,867 licences under establishment for new industrial projects during 2025, according to an official statement. The Director General, Ali Ibrahim, said the licences covered a wide range of sectors, including food, chemical, metal, construction, textile and engineering industries, […]
By John Lee. The Ministry of Electricity is moving to deepen its strategic partnership with General Electric (GE) of the United States, as part of plans to add up to 24,000 megawatts of new generation capacity and strengthen the national power system. The Director General of the Planning and Studies Department, Hussein Badr, chaired a […]
By John Lee. The Deputy Prime Minister for Energy and Minister of Oil, Hayan Abdul Ghani Al-Sawad, has formally assumed his duties as Acting Minister of Electricity, following an official mandate from the Council of Ministers. He replaces Ziyad Ali Fadhil [Fadel], who has taken up his seat as a member of parliament. According to […]
By John Lee. The State Company for Automotive Industry (SCAI), under the Ministry of Industry and Minerals, has completed production of the first batch of 360 single-cabin Kia field vehicles, assembled entirely by Iraqi hands in partnership with Kia Motors of South Korea. The company's Director General, Dana Saadallah Saeed, announced that the vehicles, model […]
