Iraq Issues 165 New Industrial Project Licences in April
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 […]
Iraq and FAO launch $39m Climate Resilience Project
By John Lee. The Director-General of the Food and Agriculture Organization of the United Nations (FAO), Mr. QU Dongyu, has launched a $39-million project titled "Strengthening Climate Resilience of Vulnerable Agricultural Livelihoods in Southern Iraq" (SRVALI), in partnership with key Iraqi ministries. The launch took place in Baghdad during the 5th Baghdad International Water Conference. […]
Iraq launches Climate-Resilient Water Management Project
By John Lee. At the 5th Baghdad International Water Conference, Iraq and Germany officially launched the joint Climate-resilient Water Resource Management (CWRM) project-an initiative designed to address Iraq's deepening water crisis with sustainable and practical solutions. Implemented by the Ministry of Water Resources in cooperation with Germany's development agency, Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), […]
Al-Rida signs Agreement with Bahrain's Neo
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 […]
Iraqi Cabinet Dismisses Transport Officials
By John Lee. Iraq's Council of Ministers has approved the findings of an investigative report into violations linked to the rehabilitation of Iraq's railway network, originally issued by the Federal Commission of Integrity on 4th July 2024. The decision was based on recommendations from Diwani Order Committee No. 7 of 2025. As a result, two […]
Meeting re Restructuring of Iraqi State-Owned Enterprises
By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani chaired a meeting of the Higher Committee for the Restructuring of State-Owned Enterprises, focusing on reforms aimed at boosting non-oil revenues and improving financial and administrative performance. The committee reviewed progress on previous decisions and stressed the adoption of sound economic principles to strengthen the state […]
MoU signed for Development of Al-Rafeel Economic Zone
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 […]
Board of Central Bank of Iraq to be Restructured?
By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani chaired a meeting on Monday of the High Committee tasked with reassessing and restructuring the boards of directors of state-owned banks and the Central Bank of Iraq (CBI). The committee approved several recommendations focused on evaluating board performance as part of a broader programme of banking […]
Iraq announces Oil Exports for April
By John Lee. Iraq's Ministry of Oil has announced finalised oil export volumes for April. Total exports of crude oil: 100,953,282 barrels. Exports from the oil fields in central and southern Iraq amounted to 99,752,879 barrels. Exports to Jordan amounted to 299,819 barrels. Exports from Qayyarah were 900,584 barrels. Average daily crude oil exports: 3.365 […]
Central Bank of Iraq launches Financial Inclusion Strategy
By John Lee. The Central Bank of Iraq (CBI) has launched its first National Financial Inclusion Strategy, covering the period 2025-2029. The initiative provides an integrated framework aimed at enabling all individuals and businesses to access the financial sector and use appropriate, secure financial services with consumer protection guarantees. The strategy is expected to contribute […]
Wayl Raises $150 k Pre-Seed Funding from EQIQ Ventures
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 […]
Financial Sector supporting Green Growth and Jobs in Iraq
By John Lee. The International Labour Organization (ILO), in partnership with the Central Bank of Iraq (CBI) and funded by the Italian Agency for Development Cooperation (AICS), conducted a five-day training workshop in Erbil to equip Iraqi financial institutions with the expertise required to develop green microfinance products supporting sustainable small and medium-sized enterprises. Participants […]