Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
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. Basrah Gas Company Awarded the Rasmi Al Jabri Award for Business Excellence At the prestigious IBBC 2026 Annual Retreat at Cumberland Lodge, Great Windsor Park, Basrah Gas Company (BGC) […]
Wednesday's devaluation of the the Iraqi Dinar (IQD) by approximately 15 percent follows months of pressure on the currency; the dollar has recently reached over 157,000 dinars per $100 on the parallel market, It is not the first time Iraq has taken this step. In December 2020, the CBI cut the dinar's value by about […]
By John Lee. Qatar Chamber and the Federation of Iraqi Chambers of Commerce have signed a Memorandum of Understanding (MoU) to establish a Qatar-Iraq Joint Business Council. The signing took place on Wednesday at a bilateral business meeting in Doha, attended by senior figures from both chambers and prominent business leaders from each country. The […]
By John Lee. A memorandum of understanding (MoU) has been signed between Al-Salam General Company and Chinese telecoms firm ZTE at the Iraq International Exhibition and Conference ITEX5-2026, covering technology cooperation and manufacturing transfer. The signing was held under the patronage of Communications Minister Mustafa Jabbar Sanad. (Source: Ministry of Communications)
By John Lee. Iraq's Ministry of Planning has held talks with a World Bank delegation on a national partnership strategy for the next five years. The meeting was chaired by Dr. Maher Hammad Johan, the ministry's Under-Secretary for Technical Affairs, and attended by Dr. Othman Diyon, World Bank Vice President for the Middle East and […]
By John Lee. Iraq has raised its official exchange rate from 1,310 to 1,500 Iraqi dinars per US dollar. Iraq's Ministry of Finance confirmed the change today (Wednesday, 7th October), saying it follows a cabinet resolution (No. 544) issued on 6th October. The ministry also announced the suspension of Cabinet Resolution No. 413 of 2026, […]
By John Lee. Iraq completed 1,120 cross-border freight trips under the TIR transit system in September, with cargo moving from Turkey and Europe towards Gulf states and Jordan. According to the Ministry of Transport, the journeys were carried out by the General Company for Land Transport, a subsidiary of the ministry, and operated under formal […]
By John Lee. A memorandum of understanding (MoU) has been signed between the Informatics and Telecommunications Public Company (ITPC) and China's Huawei, for the establishment of data centres and the development of international partnerships to deliver high-quality services. The agreement was signed on the sidelines of the Iraq International Exhibition and Conference ITEX5-2026, under the […]
By John Lee. Iraq's national maritime carrier, Iraqi Line, is to resume commercial shipping operations in the Gulf after a halt of more than 50 years. The first sailing is scheduled to depart from Jebel Ali port in the United Arab Emirates, bound for Umm Qasr port, on 15th October. According to Iraq's Ministry of […]
By John Lee. Iraq has announced a package of economic stimulus measures totalling around IQD 3.5 trillion ($2.7bn), covering housing finance, industrial lending, contractor payments, agricultural dues, and an expanded generations fund. The measures were agreed at a meeting chaired by Prime Minister Ali al-Zaidi and attended by the Minister of Finance, the Governor of […]
By John Lee. Iraq's Minister of Trade, Mustafa Nizar Jumaa, has met with European Union Ambassador Clemens Smettner in Baghdad to discuss expanding trade and investment cooperation and advancing Iraq's bid to join the World Trade Organization (WTO). According to the Ministry of Trade, Jumaa called on the EU to continue supporting Iraq's WTO accession […]
By John Lee. Iraq has launched its first electronic tax assessment system for large taxpayers. The system was introduced at the General Commission for Taxes (GCT) in the presence of Finance Minister Faleh Sari and a number of the ministry's director-generals. According to the Ministry of Finance, the system allows taxpayers to complete tax assessment […]
