Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. A Memorandum of Understanding (MoU) has been signed between the Turkiye Wealth Fund and the Iraq Development Fund, marking what TWI describes as a significant step toward deepening economic cooperation between the two countries at the sovereign wealth fund level. The agreement aims to foster innovation-driven investments across priority sectors including energy, […]
By John Lee. Deputy Prime Minister and Foreign Minister Mr. Fuad Hussein chaired the eleventh meeting of the Ministerial Council for Economy on 27 April 2025. The session was attended by senior officials including the Deputy Prime Minister and Minister of Planning, the Ministers of Finance, Agriculture, and Labour and Social Affairs, as well as […]
By John Lee. Prime Minister Mohammed S. Al-Sudani received a delegation from the U.S. Chamber of Commerce on Wednesday, including American investors and corporate executives, accompanied by the U.S. Chargé d'Affaires in Iraq. The meeting focused on strengthening economic ties and promoting Iraq as an attractive destination for foreign investment. The Prime Minister outlined steps […]
From the Iraq Britain Business Council (IBBC): How Iraq is Modernising and Diversifying its Growing Economy For the last three years Iraq has enjoyed relative stability, good oil prices and a growing economy. For those who invested in the Iraqi stock market, returns of over 100% are common and GDP in 2025 is estimated to […]
By John Lee. Iraq's Oil Products Distribution Company has launched a new mobile application called "Qanini" to simplify and accelerate access to liquefied petroleum gas (LPG) cylinders at the official price of IQD 6,000. The company's Director General, Hussein Talib, stated that the app represents a digital transformation aligned with the government programme and the […]
By John Lee. Prime Minister Mohammed S. Al-Sudani has launched the operations of the Permanent Council for the Development of the Private Sector in Iraq. The initiative aims to strengthen the role of the private sector in the national economy and address key legislative and institutional barriers. Prime Minister Al-Sudani highlighted the Council's responsibility to […]
By John Lee. Prime Minister Mohammed S. Al-Sudani chaired a high-level meeting on Saturday to assess the economic and trade impact of the United States government's decision to raise customs tariffs on imports from multiple countries, including Iraq. The discussion addressed potential effects on global markets, crude oil prices, and Iraq's domestic economy. According to […]
By Ahmed Tabaqchali, Chief Strategist of AFC Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Tariffs, Oil Prices, and the Budget The market, as measured by the Rabee Securities U. S. Dollar Equity Index (RSISX USD Index), was up 1.6% for the […]
By John Lee. The Prime Minister's Advisor for Transportation Affairs has announced that the Development Road Project will be managed by a new 100% Iraqi-owned company, reporting directly to the Prime Minister. Speaking to the state-run Iraqi News Agency (INA), Nasser Al-Asadi explained that during a recent meeting of the Higher Committee for the Development […]
By Farhad Alaaldin for The National. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. A visit by a US delegation to Iraq next week is a chance to deepen ties with Baghdad With the accelerating pace of Iraq's economic revival and comprehensive development […]
By John Lee. Iraq's Ministry of Water Resources has announced that, as part of Prime Minister Mohammed Shia Al-Sudani's initiative to plant five million trees across Iraq, the Ministry has so far planted 54,000 seedlings at 102 sites in Baghdad and the provinces (excluding the Kurdistan Region). Mohammed Awad Kazem, Head of the Afforestation and […]
By John Lee. The United States will apply an additional duty rate of 39 percent to imports from Iraq, as part of President Trump's wide-ranging new tariff regime announced on Wednesday. The new rate, which comes into effect on Saturday, 5th April, does not apply to imports of oil, gas and refined products, according to […]
