Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
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 […]
By John Lee. The General Company for Ports of Iraq (GCPI) has launched a new direct international Ro-Ro shipping line linking Port Rashid in the United Arab Emirates with Umm Qasr port, with the arrival of the first shipment of TIR trucks. The service, inaugurated on 25 December 2025, operates with a transit time of […]
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 […]
From Trend.az. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iran and Iraq hit brakes on eTIR system to boost cross-border trade The eTIR system for transporting Iranian goods through Iraq has been temporarily suspended for three months under an agreement between the […]
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 […]
By John Lee. London-based cafe chain EL&N has opened its first venue in Iraq. Located at the Erbil Avenue development, the new store is open for brunch, lunch and dinner. (Source: EL&N)
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 […]
