Iraq Business News brings you the latest news of investments in Iraq, highlighting the many opportunities that exist.
By John Lee. Prime Minister Mohammed Shia Al-Sudani has officially launched construction on the New Sadr City project in Baghdad. The project covers 4,000 dunams [400 hectares; 1,000 acres] between the Al-Maamel area and the edge of the existing Sadr City. It will feature 60,000 housing units of various sizes, fully integrated with public services […]
By John Lee. The Directorate General of Industrial Development, part of Iraq's Ministry of Industry and Minerals, issued 165 preliminary licences for new industrial projects across various sectors during April 2025. Director General Dr. Eng. Ali Ibrahim Janan stated that the approvals cover food, chemical, metal, construction, textile, and engineering industries. Baghdad led with 26 […]
From the Iraq Britain Business Council (IBBC): Al-Rida Company Signs Agreement with Bahrain's Neo Company IBBC member Al-Rida Company has signed a strategic partnership agreement with Neo Company from Bahrain during a ceremony held in Baghdad. The agreement aims to enhance cooperation in investment and development projects between the two companies. IBBC was represented at […]
By John Lee. Prime Minister Mohammed S. Al-Sudani oversaw the signing of a Memorandum of Understanding between the National Investment Commission (NIC) and Egypt's Talaat Moustafa Group for Real Estate Development (TMG) to develop part of the economic zone in Al-Rafeel [Rafael] City, west of Baghdad. The agreement involves Iraqi-Egyptian-Saudi investment and includes participation from […]
By John Lee. Wayl, the payments platform for online sellers in Iraq, has secured USD 150,000 in pre-seed financing from EQIQ Ventures, a venture-capital fund led by Mohamed Al-Hakim. Wayl plans to use the capital to expand its digital-payments solution for social-media merchants and freelance workers, addressing a market where an estimated 97 percent of […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 22nd May 2025. Please click here to view a table of listed companies and their associated ticker codes. RSISX Index Change RSISX Index Closings Change (w/w) (%) Change (YTD) (%) RSISX IQD Index 2,267.2 -0.1% 0.8% RSISX USD Index […]
By John Lee. Central Bank of Iraq (CBI) Governor Ali Mohsen Al-Allaq has reaffirmed the Bank's commitment to addressing climate change and reducing carbon emissions, during his participation in Iraq's first Conference on Carbon Economics. Speaking at the event, Al-Allaq highlighted Iraq's pressing environmental challenges, stating that the country has a unique opportunity to restore […]
By John Lee. National Investment Commission (NIC) Chairman Haider Makiya [Makiyya] has announced that Iraq attracted more than $64 billion in foreign investment over the past two years, underscoring growing global confidence in the country's economic trajectory. Speaking to the state-run Iraqi News Agency (INA), Makiya credited the surge to effective investment planning completed in […]
By John Lee. At the Cannes Film Festival 2025, the Baghdad Film Institute (BFI) announced a strategic partnership with 1001 Media, Iraq's leading digital streaming platform. This collaboration aims to foster the growth of the film industry, build an integrated production system, enhance regional and international networking among filmmakers, and expand the reach of Iraqi […]
By John Lee. A series of important initiatives have been announced at the 34th Session of the Arab Summit, and the 5th Arab Economic and Social Development Summit, held in Baghdad on Saturday: Arab Food Security Initiative for Grains The Baghdad Initiative to Enhance Arab Cooperation on Environmental and Climate Challenges Arab Initiative to Provide […]
By John Lee. Iraq's state-owned Al-Rafidain Bank has announced the launch of the second phase of its "Riyada" initiative [Iraqi Riyada Network for Access Development and Advancement, IRADA Network], following the success of the first phase, which it says funded over 8,000 productive projects with a total of more than 107 billion IQD [$82 million]. The […]
By John Lee. Iraq's Minister of Industry and Minerals, Prof. Eng. Khaled Battal Al-Najm, met with Jordan's Minister of Industry, Trade, and Supply, Eng. Yarub Qudah, to discuss enhancing industrial cooperation. The meeting focused on opportunities for industrial integration and the development of joint projects, highlighting the strong brotherly relations between the two countries. Both […]
