Iraq Business News brings you the latest Iraqi politics news, keeping you up to date with the latest information and developments.
By Ahmed Tabaqchali, for the London School of Economics (LSE) Middle East Centre. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. The Kurdistan region of Iraq's Catch-22: structural contradictions of independent revenues and federal budget allocations The Kurdistan Regional Government's relationship with the federal […]
By John Lee. The US Department of the Treasury has sanctioned Iraq-based International Development Bank for Investment and Finance (IDB) as part of an operation targeting Iran's international financial networks. According to the Treasury, IDB was designated under Executive Order 13902 for operating in the financial sector of the Iranian economy. The Treasury alleges that […]
By Nick Davis, for Chatham House. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Why US pressure cannot disarm Iraq's militias The Trump administration's push to disarm Iraq's Iran-backed militias by 30 September has not been realized, not for lack of pressure, but because […]
By John Lee. Iraq's Council of Representatives has approved three deputy prime ministers and eleven ministers, completing the cabinet of Prime Minister Ali al-Zaidi. The session, chaired by Speaker Haybat al-Halbousi and attended by 261 members of parliament, was held on Thursday evening. Al-Zaidi told parliament that his deputies would receive no salary, financial allowances, […]
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. A parliamentary workshop has been held to discuss proposed amendments to Investment Law No. 13 of 2006. The session was convened by the Iraqi Council of Representatives' Investment and Development Committee, under the patronage of Deputy Speaker Adnan Fayhan. According to the National Investment Commission (NIC), the workshop was attended by members […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraqi Graft Crackdown Jails Lawmakers, but Can it Reach their Patrons? Iraq's sweeping anti-corruption campaign has put lawmakers and officials behind bars and returned more than 1B USD to state coffers. Whether it […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Dinar Devaluation Fuels Showdown over Iraq's 2027 Budget A sharp devaluation of the Iraqi dinar has set off an intense and public fight over state finances... Lawmakers are now pressing Prime Minister Ali […]
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. 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 […]
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, […]
