Archive | Iraq Industry & Trade News

Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.

AHK World Business Outlook - Fall 2025 | Iraq

From the German Liaison Office for Commerce & Industry in Iraq (AHK Iraq). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. AHK World Business Outlook - Fall 2025 | Iraq The Fall 2025 edition of the AHK World Business Outlook reveals continued confidence among […]

Iraq Imposes Additional Duty on Imported Oxygen

By John Lee. Iraq's Council of Ministers has approved measures to support the development of the domestic pharmaceutical industry and protect local production. The decision includes merging the existing Pharmaceutical Council, established under Cabinet Decision No. 23151 of 2023, with the Higher Committee for the Development of the Pharmaceutical Industry. The merged body will include […]

8 Things the IMF Said About Iraq and the Dinar in 2025

8 things the IMF said about Iraq and the dinar in 2025 1. March 12: IMF Discusses Strengthening Iraqi Dinar Iraq's delegation concluded its meetings with the International Monetary Fund (IMF) in Amman (February 24-26), with participants including Minister of Finance Taif Sami and the Governor of the Central Bank of Iraq (CBI). Discussions included […]

Preparations begin for Atomic Energy Conference in Baghdad

By John Lee. Preparatory scientific work has begun in Baghdad for the 17th Arab Conference on the Peaceful Uses of Atomic Energy, scheduled to be held in Iraq in 2026. The scientific preparatory committee has started its meetings in cooperation between the Iraqi Atomic Energy Commission (IAEC) and the Arab Atomic Energy Agency (AAEA). The […]

Iraq Imposes Additional Tariff on Nitrogen Imports

By John Lee. The Council of Ministers has approved the imposition of an additional 40 percent customs duty on imports of nitrogen gas from all countries. The measure is intended to regulate industrial gas imports and protect domestic production. The decision is based on the Law on the Protection of Iraqi Products (No. 11 of […]

Shanghai Electric Breaks Ground on Euphrates Project

By John Lee. China's Shanghai Electric has officially launched the Euphrates Combined Cycle Expansion Project in Iraq, aimed at upgrading power plants across four governorates by converting simple-cycle units into combined-cycle systems. According to a press release from the company, this expansion will add 625 megawatts (MW) to the national grid and improve plant efficiency […]

Retail E-Payments via Local Cards Rise in Q3 2025

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 […]

BYD Officially Launches Operations in Iraq

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 […]