Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. The Central Bank of Iraq (CBI) reported that retail electronic payments using local cards increased in the third quarter of 2025 to 2,984,232 million Iraqi dinars (approximately $2.28 billion), up from 2,111,296 million Iraqi dinars (approximately $1.61 billion) in the same period of 2024. The bank noted that this growth supports financial […]
By John Lee. Chinese car maker BYD has officially launched its operations in Iraq, marking its market entry alongside the debut of the BYD SHARK 6 (pictured). The company said eight new models are now available in the country, signalling a move towards green and intelligent mobility. The launch coincided with the opening of the BYD […]
By John Lee. The Ministerial Council for the Economy has approved new measures to accelerate the rollout of renewable energy projects as part of the government's "smart and rapid solutions" programme for the electricity distribution sector. Under the decisions, provincial governors have been granted authority to refer investment projects linked to approved technical models for […]
By John Lee. The Central Bank of Iraq (CBI) reported that Iraq's inflation rate fell to -0.8 percent in the third quarter of 2025, down from 3.5 percent in the same period of 2024. The bank noted that this decline reflects a reduction in overall price levels and an improvement in purchasing power for individuals […]
By John Lee. Iraq's government has set out a series of investment-focused measures aimed at reshaping the country's business environment, following a high-level meeting between the Prime Minister's Adviser for International Investments and the Minister of Trade. The meeting was attended by members of the Iraqi-French Business Council, along with senior officials from the Ministry […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani chaired an extraordinary meeting of the Ministerial Council for the Economy, approving a package of measures aimed at reducing government spending and increasing revenues. Decisions included an urgent review of salaries and allowances for the three presidencies, with instructions to equalise benefits at the Presidency and Parliament […]
By John Lee. Deputy Prime Minister and Foreign Minister H.E. Fuad Hussein met Mr. Jin Xin, Assistant Minister of the International Department of the Communist Party of China's Central Committee, in Baghdad to review bilateral relations and future cooperation. Mr Hussein described China as a pivotal strategic partner for Iraq, noting that bilateral trade stands […]
By John Lee. DP World has introduced a new weekly 36-hour maritime service linking Dubai's Mina Rashid with Iraq's Umm Qasr Port, offering what it says is a faster and more predictable alternative to overland trucking. The route will accommodate up to 145 accompanied trailers per sailing on the upgraded 166.75-meter Ro-Ro vessel DP World […]
By John Lee. Iraq's Directorate of Industrial Development has issued 158 licences for new industrial projects during November, covering food, chemical, metal, construction, textile and engineering sectors. Baghdad received 46 licences, followed by Nineveh (17), Basra (15), Anbar (10), Karbala (7), and additional allocations across Salahuddin, Najaf, Wasit, Diyala, Babylon and others. The directorate also issued […]
By John Lee. National Investment Commission (NIC) Deputy Chairman Salar Mohammed Amin met with a delegation of Canadian, American, Spanish and local technology companies to discuss accelerating Iraq's digital transformation, particularly as the country advances major development and reconstruction programmes. The meeting reviewed priority digital investment projects, including the national fibre-optic project and the smart […]
By John Lee. Iraq's Ministry of Electricity has begun the first phase of installing smart electricity meters in selected provinces and areas of Baghdad, alongside activating key electronic payment mechanisms. The ministry said the rollout includes government institutions and has already started in parts of Baghdad, as well as areas of Diyala, Kirkuk, Anbar and […]
By John Lee. The Samarra Pharmaceutical Company has launched its first production batch of anti-nausea tablets, marking a new addition to Iraq's domestic pharmaceutical manufacturing. The company said the product, manufactured as part of its November 2025 production plan, is used to treat nausea and vomiting in patients following surgical operations. The medicine has been […]
