CBI Clarifies No Distinction Between US Dollar Notes
By John Lee. The Central Bank of Iraq (CBI) has issued guidance to licensed banks and non-bank financial institutions clarifying that no distinction should be made between old and new US dollar banknote series in exchange transactions. The Bank stressed the need to limit practices involving differential exchange rates between various US dollar print editions, […]
Nahrawan City Project Advances with 8,000 Housing Units
By John Lee. The National Investment Commission (NIC) has reviewed progress on the Nahrawan City project in Baghdad, a 2,500-dunum development comprising 8,000 fully serviced housing units. The infrastructure works are being implemented by Al-Asim Real Estate and Tourism Investment Company, covering utilities and essential services for the planned residential community. During a site visit, Commission […]
Baims Acquires MedMasters, Enters Iraqi Education Market
By John Lee. Baims, a MENA-based education technology group, has acquired MedMasters, an Iraq-based online medical education platform, marking its second strategic acquisition and its entry into the Iraqi market. The transaction expands Baims' regional footprint and strengthens its position in digital higher education across the Middle East. Founded by Dr. Abdulazeez Salam and Dr. […]
T964 and Nokia Partner to Upgrade Iraq's Digital Infrastructure
By John Lee. T964 and Nokia have announced a partnership to modernise Iraq's telecommunications and digital infrastructure, with the agreement signed during Capacity Middle East. The collaboration will deploy advanced connectivity solutions aimed at strengthening the country's digital economy. Planned areas of cooperation include: Enterprise network deployment Data centre development International fibre transit optimisation Fibre-to-the-home […]
University Robotics and AI Championship Launched
By John Lee. Iraq's Ministry of Higher Education and Scientific Research has launched the National University Championship for Robotics and Artificial Intelligence Applications, with participation from public and private Iraqi universities. Dr Haider Abdul Dhahad, Deputy Minister for Scientific Research Affairs, said modern education environments depend on advanced tools and software that support knowledge production. […]
Iraq's Start-Ups Aren't Disrupting -- they're Rebuilding
From Wired. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq's Startups Aren't Disrupting. They're Rebuilding From Mosul's agritech experiments to Baghdad's digital health records, founders are stitching together the basic systems Iraq's economy has long been missing -- one clinic and farm at […]
EU Strengthens Support for Iraq's Community Reintegration
From the United Nations Development Programme (UNDP). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. European Union strengthens support for Iraq's community reintegration efforts The European Union, through its Foreign Policy Instruments (FPI), is providing €8 million over an 18-month period to help Iraq […]
UNESCO and Japan Launch New Initiative in Ninewa
By John Lee. UNESCO and the Government of Japan have launched a project to support children, youth, and communities in West Mosul and Sinjar to overcome the long-lasting impacts of conflict. The "Reviving the Bridges for Peace in Ninewa: Education and Reconciliation for Conflict-Affected Communities" initiative aims to strengthen social cohesion and peace-building through inclusive education, […]
TPAO and BP Sign Oil and Gas Cooperation MoU for Iraq
By John Lee. Turkish Petroleum (TPAO) and BP have signed a memorandum of understanding (MoU) on strategic cooperation in oil and natural gas. The agreement was signed by TPAO General Manager Cem Erdem and BP Head of Global Oil and Gas Business Development Andrew McAuslan, in the presence of Turkey's Minister of Energy and Natural […]
EBRD Launches Major SME Support Programme in Iraq
By John Lee. The European Bank for Reconstruction and Development (EBRD) has launched its SME finance and development programmes in Iraq, including the rollout of its flagship Star Venture initiative for high-potential startups. An official event in Baghdad marked the launch, outlining the Bank's strategic priorities and planned projects to strengthen the country's small and medium-sized […]
Kirkuk-Baniyas Oil Pipeline Remains "Suspended"
By John Lee. The Undersecretary at Iraq's Ministry of Foreign Affairs has told state-run Iraqi News Agency that work to rehabilitate the Kirkuk-Baniyas oil pipeline remains suspended due to the security situation in Syria. He added that government is reviewing alternative export routes, including: Oil export link via Turkey Proposed connection through Jordan to Egypt […]
Iraqi e-Govt Collections Reach $642m
By John Lee. Rafidain Bank recorded more than IQD 841 billion (approximately USD 641.98 million) in electronic collection settlements on behalf of government entities during January 2026, reflecting continued expansion of digital payment systems. The bank said a total of 73,226 electronic settlements were processed the month, indicating growing adoption of digital collection services. It […]