Iraq-Canada Business Council Proposed to Boost Trade Ties
By John Lee. Talks have taken place on the possible establishment of an Iraq-Canada Business Council to strengthen economic, trade, and investment relations between the two countries. Malik Khalaf al-Durai'i, Director General of the Private Sector Development Department at the Ministry of Trade, met with the Vice President of the Canadian-Iraqi Business Council and an […]
Iraq, Iran Discuss Cooperation in Banking
By John Lee. The governors of Iraq's and Iran's central banks have met in Baghdad to discuss financial and banking cooperation between the two countries. According to the Central Bank of Iraq (CBI), the meeting was attended by Nizar Nasser Hussein, the CBI Governor, and his Iranian counterpart, Abdolnaser Hemmati, along with Iran's Ambassador to […]
Iraq Seeks Larger Tankers for Oil Exports Beyond Hormuz
By John Lee. Iraq's Ministry of Oil is planning a strategic overhaul of the Iraqi Oil Tanker Company (IOTC), including partnerships with tanker-owning firms, deferred-payment purchases, and leasing arrangements to expand the fleet. The ministry's aim is to acquire large modern vessels with a capacity of up to two million barrels, better suited to the […]
Iraq-EU Trade and Investment Talks in Baghdad
By John Lee. A meeting in Baghdad between Iraqi officials and a European Union delegation has covered a range of trade and investment topics, including Iraq's accession to the World Trade Organization (WTO) and the activation of a partnership and cooperation agreement between Iraq and the EU. The meeting was hosted by the Federation of […]
Iraqi Trucks on First TIR Transit to Turkmenistan
By John Lee. Iraqi trucks operated by the General Company for Land Transport have completed the first journey under the TIR transit system from the Arar border crossing to the Inche Burun border crossing on the Iran-Turkmenistan border. According to the Ministry of Transport, the operation was coordinated with relevant government, border, and customs authorities […]
Registration Now Open for Iraqi Children Foundation 5K
Registration is now open for the Iraqi Children Foundation's (ICF) annual "In Their Shoes" 5K, taking place on Saturday, August 29, 2026, at Burke Lake Park in Fairfax, Virginia. Participants can also join virtually from anywhere in the world, making it easy for supporters across the country and around the globe to take part: https://runsignup.com/Race/VA/FairfaxStation/ICFGLOBALINTHEIRSHOES5K […]
Iraqi PM Plans to Double Electricity Output by 2027
By John Lee. Iraq plans to double its electricity production and distribution capacity by 2027, with measures targeting both supply expansion and the elimination of longstanding inefficiencies. Prime Minister Ali al-Zaidi made the announcement during a visit to the Ministry of Electricity, where he chaired a meeting with senior ministry officials. He directed the Minister […]
Iraq to Drop Zeros as Dinar Redenomination Returns?
From Kurdistan24. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq to Drop Zeros From Its Currency as Dinar Redenomination Returns? Iraq's Communications Minister Mustafa Sanad says Iraq has decided to remove zeros from the dinar and reprint the currency, but the Central Bank […]
Discussions on Italy-Iraq Project Funding
By John Lee. Iraq's Ministry of Planning has held talks with representatives of the Italian Embassy in Baghdad to discuss ongoing and planned development projects funded by Italy. The meeting was chaired by Dr. Sahir Abd al-Kazim Mahdi, Director General of the Directorate of International Cooperation at the Ministry of Planning, and attended by Rosa […]
Iraq's FCC Project Back on Track with JGC Agreement
By John Lee. An agreement has been reached with Japanese firm JGC Corporation to resume work on Iraq's fluid catalytic cracking (FCC) project. According to the Ministry of Oil, the deal was concluded by a ministerial negotiating committee led by ministry adviser Dr. Hamid Younis, with South Refineries Company (SRC) Director General Hussam Hussein Wali […]
Progress on Establishing Iraqi-Malaysian Business Council
By John Lee. Iraq and Malaysia have discussed steps to expand economic cooperation and increase bilateral trade, including preparations for the ninth session of the Iraqi-Malaysian Joint Committee in Baghdad. Riyadh Fakher al-Hashimi, Director General of the Department of Foreign Economic Relations at the Ministry of Trade, met with Malaysia's Chargé d'Affaires in Iraq, Nirmal […]
Iraqi e-Commerce Platform Closes $150k Pre-Seed Round
By John Lee. Rozenama, an Iraqi e-commerce platform based in Baghdad, has closed a $150,000 pre-seed funding round. Co-founder and CEO Abbas Muhil told Iraq Business News that the platform provides Iraqi merchants with an online store and order management system, and has grown from 250 to over 900 active merchants over the past year, […]