Iraqi Chamber in Geneva for Arab-Swiss Business Forum
By John Lee. The head of the Federation of Iraqi Chambers of Commerce, Amer al-Fahdawi, held a series of meetings on the sidelines of the Arab-Swiss Business Forum in Geneva, organised by the Arab-Swiss Chamber of Commerce and Industry. Al-Fahdawi met with the president of the Union of Arab Chambers, Samir Majoul, to discuss ways […]
Iraq and South Korea Eye Closer Economic Partnership
By John Lee. Iraq's Ministry of Trade has held talks with South Korea's Ambassador to Iraq, Lee Jun-il, on expanding bilateral trade, economic and investment cooperation. According to the Ministry of Trade, the meeting covered the current state of Iraq-South Korea relations and ways to develop them across economic and commercial sectors. Discussions also addressed […]
The Resilience Field Guide for Iraqi Businesses
From Kapita Research. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. The Resilience Field Guide for Iraqi Businesses This document serves as a strategic manual for navigating economic disruption, drawing on the practical lessons from Iraq's experience in early 2026. It features a […]
Crackdown on Electricity Theft: 55% of Power Stolen
By John Lee. A wide-scale campaign to remove illegal connections from the national electricity grid was launched on Saturday in Baghdad and across all governorates, according to the Iraqi Ministry of Electricity. The operation was conducted under the field supervision of Khalid Ghazai Attiya, Deputy Minister for Transmission and Distribution Affairs, with the participation of […]
Iraq PM Pledges $10bn Development Fund for Private Sector
By John Lee. Prime Minister Ali al-Zaidi on Saturday met with a group of businessmen, members of the Private Sector Development and Management Council, members of the Iraqi Economic Council, and a number of chairmen of private bank boards. The Finance Minister, the head of the Advisers Commission, the director of the Prime Minister's office, […]
New Partnership to Market Chinese Vehicles in Iraq
By John Lee. The General Company for Cars and Machinery Trade, an affiliate of Iraq's Ministry of Trade, has signed a partnership agreement with Laith Al-Obaidi Company for General Trade and Commercial Agencies to market Chinese Forthing vehicles in Iraq. According to the Ministry of Trade, the agreement covers the marketing of Forthing models across […]
OPEC+ Agrees Production Adjustment for July
By John Lee. Seven OPEC+ member states have agreed to implement a combined production adjustment of 188,000 barrels per day (bpd) in July 2026, according to a statement from the group. The countries involved are Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman. The group met virtually on Saturday to review global market conditions. […]
IBBC Tech Forum: AI Futures for Employment and Training
From the Iraq Britain Business Council (IBBC): IBBC Tech forum outlines AI futures for employment and training AI is attracting global significance, and the IBBC Tech forum's 'Navigating AI and digital technology' webinar attracted a large audience of members and businesses to hear how AI affects macro-Infrastructure in Iraq, the implications for recruitment, skills and […]
Update: Iraqi Airspace *Re-Opened*
By John Lee. The Iraqi Civil Aviation Authority (ICAA) has announced on Monday afternoon that Iraqi airspace has been re-opened. This follows the announcement on Sunday evening of the temporary closure of Iraqi airspace for 72 hours, citing regional security developments. In a separate announcement on Sunday, the head of the ICAA, Mr. Bankin Rekani, […]
$900m World Bank Financing for Iraq Road Corridors
By John Lee. The World Bank has approved a $900 million financing package to rehabilitate and expand key road corridors in Iraq, with the aim of improving domestic mobility, regional integration, and job creation. The Board of Executive Directors approved the Iraq Transport Economic Corridors (ITREC) project on Thursday. According to the World Bank, the […]
Erbil Chamber in Talks with Czech Agri-Food Companies
By John Lee. A delegation from the Erbil Chamber of Commerce and Industry has held a series of meetings with Czech companies specialising in agriculture and food industries during a visit to Prague. The delegation, led by board member Rashid Mustafa Mirkhan and accompanied by a representative of Aro, met with Jiří Šer, Director of […]
CBI Denies Printing Dinars Amid Spending Concerns
By John Lee. The Central Bank of Iraq (CBI) has issued a clarifying statement rejecting characterisations of its treasury discounting operations as currency printing, and reaffirming its commitment to monetary stability. In a statement on Sunday, it said discounting treasury bills provides temporary liquidity against an existing government debt instrument, which is recovered at maturity. […]