Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. Iraq's cabinet has approved the allocation of IQD 15 billion ($11.5 million) for infrastructure development at three border crossings. According to the Prime Minister's Office, the funds will be directed towards upgrading the crossings at Rabia (pictured), Al-Waleed, and Safwan. (Source: Prime Minister's Office)
By John Lee. A new framework requiring importers to pay customs duties and estimated tax deposits in advance is to take effect in Iraq from 1 October 2026, according to a decision by the Council of Ministers. Under the new rules, importers will be required to deposit foreign transfer amounts for import purposes with authorised […]
By Sinan Mahmoud, for The National. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq Considers Deleting Zeros from Dinar as Officials Revive Currency Overhaul Iraq is again considering a long-standing and controversial plan to delete zeros from the dinar as the country […]
By Bayan Al Hashimi. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Protecting Foreign Investors from Administrative Corruption in Iraq A practical legal framework for reducing administrative and compliance risk. Foreign investors considering Iraq usually begin with familiar questions: Is the project commercially viable? […]
By John Lee. Iraq has expressed interest in deepening economic ties with Italy and broader engagement with European Union member states. Prime Minister Ali al-Zaidi met with Italian Ambassador Niccolò Fontana in Baghdad on Sunday, with discussions covering bilateral relations and ways to develop cooperation across multiple sectors. According to the Prime Minister's Office, Ali […]
By John Lee. A lime production plant operated by the General Company for Iron and Steel in Basra has resumed operations following the completion of rehabilitation works, with an initial daily capacity of 200 tonnes. According to the Ministry of Industry and Minerals, the plant produces quicklime (calcium oxide, CaO) to specifications the company says […]
By John Lee. Talks on expanding trade and economic cooperation between Iraq and Iran have taken place in Baghdad. Iraq's Minister of Trade, Mustafa Nizar Jumaa, met with an Iranian delegation to discuss ways to develop bilateral trade volumes, facilitate the movement of goods, and activate existing agreements and memoranda of understanding. The discussions covered […]
By John Lee. A delegation of Turkish business leaders has met Iraqi Prime Minister Ali al-Zaidi in Baghdad to discuss bilateral economic and investment cooperation. The delegation was led by Lütfi Elvan, former Deputy Prime Minister and Minister of Treasury and Finance of Turkey. According to the Prime Minister's Office, al-Zaidi invited Turkish companies to […]
By John Lee. A $75 million trade finance facility has been agreed between the European Bank for Reconstruction and Development (EBRD) and Al Mansour Bank for Investment (MBI), one of Iraq's leading private-sector banks. The facility is provided under the EBRD's Trade Facilitation Programme (TFP) and will offer guarantees and cash advances to support MBI's […]
By John Lee. Talks have taken place on the possible establishment of an Iraq-Canada Business Council to strengthen economic, trade, and investment relations between the two countries. Malik Khalaf al-Durai'i, Director General of the Private Sector Development Department at the Ministry of Trade, met with the Vice President of the Canadian-Iraqi Business Council and an […]
By John Lee. A meeting in Baghdad between Iraqi officials and a European Union delegation has covered a range of trade and investment topics, including Iraq's accession to the World Trade Organization (WTO) and the activation of a partnership and cooperation agreement between Iraq and the EU. The meeting was hosted by the Federation of […]
By John Lee. Iraqi trucks operated by the General Company for Land Transport have completed the first journey under the TIR transit system from the Arar border crossing to the Inche Burun border crossing on the Iran-Turkmenistan border. According to the Ministry of Transport, the operation was coordinated with relevant government, border, and customs authorities […]
