Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. Plans for a solar power station in Najaf province are under review, with discussions under way on potentially doubling the project's capacity from 1,000MW to 2,000MW. The proposed expansion also includes a battery energy storage system (BESS) component of 30%. According to Iraq's Ministry of Electricity, Minister Ali Saad Wahib met with […]
By John Lee. The International Monetary Fund (IMF) has revised its forecasts, considering the ongoing conflict in the Middle East. According to its latest World Economic Outlook: "Bahrain, Iraq, Kuwait, and Qatar - commodity producers most affected by disruptions to energy output and transport - are projected to experience double-digit contractions of their economies in […]
By John Lee. Iraq's General Customs Authority recorded customs revenues of IQD 442.3 billion (USD 293 million) in September 2026, up from IQD 334.2 billion (USD 221 million) in the same month of 2025, an increase of IQD 108.1 billion (USD 72 million), or approximately 32%. The authority attributed the rise to improvements in customs […]
By John Lee. Robert Pether, the Irish-resident Australian businessman detained in Iraq for more than five years, has been released and has returned to Ireland. Speaking at Dublin Airport, Pether said: "There will be time to talk about what happened. Why it happened. Who was responsible. And why nobody should ever be allowed to do […]
By John Lee. Iraq's Ministry of Planning has held talks with the World Bank on reforms to the government procurement system, including the development of electronic procurement and a roadmap to improve transparency and stability in government contracting. The meeting, chaired by Deputy Minister for Administrative Affairs Dr. Hana Ismail Al-Asadi, was attended by Sandeep […]
By John Lee. The World Bank has discussed expanded cooperation with Iraq's Ministry of Electricity, with a focus on priority projects to develop the country's power infrastructure. Osman Dione, World Bank Vice President for the Middle East and North Africa, met with Minister of Electricity Ali Saad Wahib at the ministry's headquarters on Wednesday. According […]
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Russian Business Council Eyes Kurdistan as Gateway to Iraqi Market The Kurdistan Region is a gateway to the wider Iraqi market for Russian companies seeking to expand their presence in the country, the executive […]
From UN Iraq. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Government of Iraq, FAO and World Bank launch new initiative to strengthen farm management and dairy value chains in Iraq The Government of Iraq, the Food and Agriculture Organization of the United Nations […]
From the United Nations Development Programme (UNDP). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq launches the Updated Nationally Determined Contribution Under the patronage of Prime Minister H.E. Mr. Ali Al-Zaidi, Iraq today officially launched its Updated Nationally Determined Contribution (NDC), setting out […]
By John Lee. Prime Minister Ali al-Zaidi has addressed parliament to explain the government's decision to change the exchange rate and outline steps to protect living standards and maintain regular payments of salaries and essential expenditure. According to the Prime Minister's Office, al-Zaidi met with parliament speaker Hibat Hamad al-Halbousi and the heads of parliamentary […]
By John Lee. Three strategic high-voltage electricity substations are under development in Karbala, Najaf and Baghdad as part of Iraq's power transmission upgrade programme. Progress on the projects was reviewed at a meeting between the General Company for Electricity Transmission in the Middle Euphrates and Siemens, which is delivering the work under Phase Two of a […]
By John Lee. Iraq's Ministry of Trade is working with the International Trade Centre (ITC) to develop a national trade policy and a National Trade and Investment Strategy. The two sides met to discuss the key sectors and themes to be covered by both documents, and to agree on methodology and work phases. According to […]
