Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
Registration is now open for the Iraqi Children Foundation's (ICF) annual "In Their Shoes" 5K, taking place on Saturday, August 29, 2026, at Burke Lake Park in Fairfax, Virginia. Participants can also join virtually from anywhere in the world, making it easy for supporters across the country and around the globe to take part: https://runsignup.com/Race/VA/FairfaxStation/ICFGLOBALINTHEIRSHOES5K […]
By John Lee. Iraq plans to double its electricity production and distribution capacity by 2027, with measures targeting both supply expansion and the elimination of longstanding inefficiencies. Prime Minister Ali al-Zaidi made the announcement during a visit to the Ministry of Electricity, where he chaired a meeting with senior ministry officials. He directed the Minister […]
By John Lee. Iraq's Ministry of Planning has held talks with representatives of the Italian Embassy in Baghdad to discuss ongoing and planned development projects funded by Italy. The meeting was chaired by Dr. Sahir Abd al-Kazim Mahdi, Director General of the Directorate of International Cooperation at the Ministry of Planning, and attended by Rosa […]
By John Lee. Iraq and Malaysia have discussed steps to expand economic cooperation and increase bilateral trade, including preparations for the ninth session of the Iraqi-Malaysian Joint Committee in Baghdad. Riyadh Fakher al-Hashimi, Director General of the Department of Foreign Economic Relations at the Ministry of Trade, met with Malaysia's Chargé d'Affaires in Iraq, Nirmal […]
By John Lee. Rozenama, an Iraqi e-commerce platform based in Baghdad, has closed a $150,000 pre-seed funding round. Co-founder and CEO Abbas Muhil told Iraq Business News that the platform provides Iraqi merchants with an online store and order management system, and has grown from 250 to over 900 active merchants over the past year, […]
By John Lee. Iraq's investment climate and the obstacles facing it were discussed at a meeting between President Nizar Aamidi and National Investment Commission (NIC) Chairman Adel Dakhil Muhammad al-Yasiri at the Palace of Peace in Baghdad on Thursday. President Aamidi stressed the importance of simplifying procedures, providing guarantees for investors, and building a genuine […]
By Cathrin Schaer and Ismael Adnan, for Deutsche Welle (DW). Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Due to the Iran War, Iraq is Running out of Money Because of the blockage of the Strait of Hormuz, Iraq cannot export enough oil […]
By John Lee. Maysan [Missan] Oil Company (MOC) has marketed a 440-tonne shipment of sulphur produced at the central gas processing plant (GPP) at the Halfaya oil field, in preparation for export to international markets. According to the state-run Iraqi News Agency (INA), the shipment was transferred through a local intermediary to State Oil Marketing […]
By John Lee. The Egyptian Maintenance Company (EMC), commercially known as 'San Masr' or 'San Misr', has won an international tender issued by Eni for the supply of electrical equipment at the Zubair oil field in Basra province. The total contract value is $18.6 million over three years. The contract covers the supply of a […]
By Matt Smith, for Arabian Gulf Business Insight (AGBI). Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraqi Bank Reforms Could Open up Sector for Regional Investors Last month the Central Bank of Iraq said that seven previously restricted banks had been given […]
By John Lee. SwiftPayIQ, a technical intermediary platform developed and operated by Baghdad-based Palace Tech for Software Solutions LLC, has launched a service connecting Iraqi online merchants with licensed electronic payment gateways, providing streamlined merchant onboarding, electronic invoicing and payment links. Abdullah Al-Fayyadh, CEO of Palace Tech, told Iraq Business News that merchant verification, compliance […]
From Focus2Move. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq Car Sales Slump 28.6% in H1 2026; Only Jetour and Great Wall Defy Losses Iraqi Vehicle Market in 2026 continues to slump. H1 sales fell by 28.6%, with Hyundai and Suzuki being affected […]
