Iraq-Tunisia Trade Talks at Arab League Economic Council
By John Lee. Trade relations between Iraq and Tunisia were discussed on the sidelines of the 118th ordinary session of the Economic and Social Council of the Arab League, with both sides exploring ways to increase bilateral trade and expand Iraqi exports to the Tunisian market. According to the Iraqi Ministry of Trade, Minister Mustafa […]
CBI Revokes Licences of Three Forex Companies
By John Lee. The Central Bank of Iraq (CBI) has revoked the licences of three exchange companies - Al-Aswar, Al-Qattaf, and Al-Anamel - for falsifying cash-sale records for travellers. Under Decision No. 138 of 2026, the CBI has also required the companies to return the dollar amounts involved in the violating transactions, or the exchange […]
ISC Cautions Investors Over Fraudulent Financial Entities
By John Lee. The Iraq Securities Commission (ISC) has warned citizens and investors against dealing with unlicensed companies and entities that promote investment services or opportunities without regulatory approval. According to the ISC, some entities use trade names, websites, or social media pages to present themselves as authorised financial or investment institutions, and offer promises […]
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 […]