Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. Rafidain Bank has been directed to launch employee loans, streamline application procedures, and expand financing for the private sector. Finance Minister Faleh Sari issued the instructions during a visit to the bank on Monday, where he chaired a meeting with Director General Dr. Ali Karim and senior officials. During the visit, Sari […]
By John Lee. Iraq's banking sector has been playing an active role in supporting small and medium-sized enterprises (SMEs) through direct lending and backing for entrepreneurship platforms, according to the Iraqi Private Banks League (IPBL). Ahmed Al-Hashimi, Deputy Executive Director of the IPBL, made the remarks at a workshop titled "Programme for Creating Long-Term Opportunities […]
By John Lee. Proposed amendments to Iraq's Companies Law No. 21 of 1997 have been discussed at a meeting convened by the Ministry of Trade, with participation from representatives of economic federations and organisations, the Private Sector Development Council, the Iraq Securities Commission (ISC), and the Company Registration Directorate. According to the Ministry of Trade, […]
By John Lee. An Iraqi-registered truck has completed a round trip to Mardin in Turkey under the TIR international road transport convention, loading goods there before returning through Iraq to Amman, Jordan. According to the Ministry of Transport, this is the first time an Iraqi truck has made such a journey under the agreement. The […]
By John Lee. The US Department of the Treasury has sanctioned Iraq-based International Development Bank for Investment and Finance (IDB) as part of an operation targeting Iran's international financial networks. According to the Treasury, IDB was designated under Executive Order 13902 for operating in the financial sector of the Iranian economy. The Treasury alleges that […]
By John Lee. A joint delegation from the US-Kurdistan Business Council (USKBC) and US-Syria Business Council (USSYBC), representing more than 30 US companies active in sectors including defence and security, energy, logistics, transportation and industry, has visited the Kurdistan Region of Iraq. According to the Kurdistan Regional Government, Prime Minister Masrour Barzani received the delegation […]
By John Lee. A proposal to develop a $250 million hotel complex managed by the Kempinski hotel chain has been discussed with the National Investment Commission (NIC). The meeting was held between NIC Chairman Adel Dakhil Muhammad al-Yasiri and an investment delegation led by businessman Jawad al-Qassab. The preliminary plan envisages allocating 20 to 30 […]
By John Lee. A delegation of Chinese companies specialising in investment, banking, and trade has met with Iraq's Minister of Trade to discuss potential partnerships and economic cooperation. The delegation presented a range of proposals and projects relating to investment, business development, and partnership frameworks. The meeting emphasised the importance of engaging with international investment […]
From the Iraq Britain Business Council (IBBC). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. IBBC Appoints Two New Advisory Council Members IBBC values the experience and wisdom of advisory council members in guiding our insights and understanding of Iraq and contextualising international affairs. […]
By John Lee. Iraq's Ministry of Electricity has held talks with the Japan International Cooperation Agency (JICA) on plans to implement solar energy projects and expand clean energy use among households. According to the Ministry of Electricity, the meeting was chaired by Hussein Mohammed Badr, Director General of the Planning and Studies Department, and attended […]
By John Lee. Imported food and medicine are to be exempt from customs duties in Iraq, with effect from 7 October 2026. The measure was approved at the 23rd regular session of the Council of Ministers, chaired by Prime Minister Ali al-Zaidi on Wednesday. According to the Prime Minister's Office, the exemption was introduced to […]
By John Lee. Saudi Arabia's Port of NEOM and CEVA Almajdouie Logistics have signed a memorandum of understanding to explore integrated logistics solutions across the Europe-Egypt-Saudi Arabia-GCC-Iraq multimodal corridor. The agreement aims to help customers move cargo more efficiently between international shipping routes and inland markets. According to Port of NEOM, the collaboration will combine the […]
