CBI Promises Currency Exchange Program, New Lending Initiatives
By John Lee. Iraq's banking sector reform programme is continuing in coordination with Oliver Wyman, with further positive developments expected in the coming period, including greater integration with the international financial system. The Central Bank of Iraq (CBI) also plans to launch new lending initiatives to support investment and strengthen the role of the private […]
Depositors' Funds Secure, Says Central Bank of Iraq
By John Lee. The Central Bank of Iraq (CBI) has issued a statement reassuring depositors that supervisory measures imposed on licensed banks do not indicate insolvency, and that depositors' funds remain protected under existing laws and regulations. According to the CBI, the appointment of supervisory or receivership committees at a licensed bank is a precautionary […]
New Modern Cities Planned for Every Iraqi Province
By John Lee. Plans have been announced for a new modern city to be built in each of Iraq's provinces, with each city to cover between 10,000 and 15,000 dunams and to reflect the character, history, and heritage of its province. According to the Prime Minister's Office (PMO), Prime Minister Ali al-Zaidi met on Thursday […]
Infrastructure Financing Talks with Asian Development Bank
By John Lee. Iraq's Ministry of Finance has held talks with a delegation from the Chinese-based Asian Infrastructure Investment Bank (AIIB) on financing infrastructure projects and supporting development priorities in Iraq. The delegation was led by Konstantin Limitovsky. According to the Ministry of Finance, discussions covered the bank's activities in financing transport, energy, water, and […]
Belarus-Iraq Meetings Cover Energy, Pharma and Trade
By John Lee. Belarus's ambassador to Iraq, Anatoly Glaz, visited Baghdad from 1st to 3rd September for a series of bilateral meetings, according to Belarus's Ministry of Foreign Affairs. On 1st September, Glaz presented copies of his credentials to Foreign Minister Fuad Hussein. Discussions covered the restoration of Belarusian-Iraqi cooperation, including the resumption of the […]
New Seed Processing Lines Open in Nineveh
By John Lee. Two new seed purification and processing lines have been inaugurated at the Ahlelah facility in Nineveh province, raising total production capacity at the site to 30 tonnes per hour. Each line has a capacity of 10 tonnes per hour. The project was implemented by the emergency loan project team of the World […]
Iraq's Three-Initiative Plan for Arab Transport Resilience
By John Lee. Iraq has proposed three strategic initiatives to strengthen transport continuity, trade flows, and supply chains across the Arab region, presented at the third virtual meeting of the United Nations Economic and Social Commission for Western Asia (ESCWA) on 2nd September 2026. According to the Ministry of Transport, the initiatives were put forward […]
Iraq and Lebanon Move Towards Maritime Transport Agreement
By John Lee. Iraq and Lebanon are moving towards a maritime cooperation agreement, with a draft memorandum of understanding (MoU) currently under ministerial review. A ministerial committee has met to examine the draft's provisions, with attendance from the head of the legal department and representatives of the General Company for Maritime Transport, the designated sectoral […]
Iraqi and Indian Chambers Sign Trade Cooperation Agreement
By John Lee. A memorandum of understanding (MoU) has been signed between the Federation of Iraqi Chambers of Commerce and the Federation of Indian Chambers of Commerce and Industry, via video call. The signing was held under the auspices of the Department of Foreign Economic Relations of the Ministry of Trade. The MoU was signed […]
Iraq Offers Cash Rewards for Blowing the Whistle on Corruption
By Nadim Kawach, for Arabian Gulf Business Insight (AGBI). Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq Offers Cash Rewards for Blowing the Whistle on Corruption Iraq is offering cash rewards to members of the public who report embezzlement and other financial […]
Tabaqchali: Oil Exports Recover to 60% of Pre-war Levels
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. Oil Exports Recover to 60% of Pre-war Levels The market, as measured by the Rabee Securities U.S. Dollar Equity Index (RSISX USD Index), ended August down 2.4%, […]
Iraq "Hikes Oil Exports via Hormuz"
By Tsvetana Paraskova, for OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq Hikes Oil Exports via Hormuz in Boon for Asian Refiners OPEC's second-largest producer, Iraq, more than doubled its crude oil exports via the Strait of Hormuz in August as it […]