By John Lee. The Central Bank of Iraq (CBI) has reported a decline in issued currency, contributing to lower inflation rates and supporting price stability. In the second quarter of 2025, issued currency amounted to 98.4 trillion dinars [$75.1 billion], reflecting a 3.8 percent decrease compared to 102.3 trillion dinars in the same period of […]
By John Lee. Prime Minister Mohammed Shiaa Al-Sudani chaired a meeting on Sunday to discuss strategies for increasing Iraq's non-oil revenues and strengthening state finances. Attendees included the Minister of Finance, Minister of Trade, the Mayor of Baghdad, the Governor of the Central Bank of Iraq (CBI), and senior advisers and directors. The discussions focused […]
By John Lee. Prime Minister Mohammed Shiaa Al-Sudani chaired a meeting of the Higher Committee for Reconstruction and Investment on Sunday, focusing on major housing initiatives in Baghdad. The meeting reviewed the economic model for the New Sadr City project, which in its first phase will deliver 11,000 housing units, alongside commercial areas, green spaces, […]
By John Lee. Prime Minister Mohammed Shiaa Al-Sudani chaired a meeting on Sunday to follow up on the implementation of the government's "Riyada" initiative and the disbursement of youth loans for qualified applicants. Al-Sudani highlighted the initiative's positive reception among young people, describing it as a foundation for a new labour market reality, encouraging private […]
By John Lee. Turkey's Minister of Energy and Natural Resources, Alparslan Bayraktar, has said that Ankara has proposed a new draft agreement to Iraq regarding the Iraq-Turkiye Oil Pipeline (ITP). In an interview with Sky News Arabia, Bayraktar noted that while the pipeline has a capacity of 1.5 million barrels per day, it has never […]
By John Lee. Iraq's Rafidain Bank has signed a professional partnership agreement with U.S.-based consultancy K2 Integrity (K2i), during a ceremony hosted by the Embassy of the Republic of Iraq in Washington. The agreement is grounded in Iraqi Cabinet Resolution No. (23274) of 2023. K2 Integrity will deliver a wide range of services, including anti-money laundering […]
By John Lee. The Iraqi Ministry of Oil has confirmed that it is going ahead with the floating terminal project for importing liquefied natural gas (LNG), stressing its importance for securing electricity generation. The Ministry said that the Council of Ministers and the Ministerial Energy Council have approved implementation mechanisms, including inviting six companies to […]
By John Lee. Apex Health, a subsidiary of Qatar's Estithmar Holding, has announced that it has obtained an investment licence from Iraq's National Investment Commission (NIC) to develop a 400-bed private hospital in Baghdad's Al-Zaafaraniyah district (formerly Al-Rashid Camp). The new facility, to be named Baghdad International Hospital, will be built on a 100,000-square-metre riverside […]
By John Lee. Central Bank of Iraq (CBI), in cooperation with the International Labour Organization (ILO), the Iraqi Company for Bank Guarantees (ICBG), and several Iraqi banks, has provided significant financial and training support to displaced persons and host communities in Nineveh and Duhok governorates under the Afaaq programme. The initiative has since been replicated […]
By John Lee. Central Bank of Iraq (CBI) Governor Ali Mohsen Al-Alaq has met Bilal Al-Saghir, the International Finance Corporation's (IFC) Resident Representative in Iraq, to discuss strengthening bilateral relations, particularly in training Iraq's banking sector workforce. The parties intend to sign a Memorandum of Understanding on the matter in the coming period. They also […]
By John Lee. The US State Department has reiterated its opposition to proposed legislation in Iraq concerning the Popular Mobilisation Forces (PMF), warning that it could increase Iranian influence and undermine Iraq's sovereignty. Speaking at a press briefing on Tuesday, State Department Spokesperson Tammy Bruce (pictured) said Washington opposed any legislation inconsistent with the goals […]
By John Lee. The Kurdistan Regional Government (KRG) Ministry of Natural Resources and the Iraqi Ministry of Oil have agreed on a new mechanism for oil exports from the Kurdistan Region of Iraq. The deal, finalised after joint meetings beginning on 17 July 2025 and site visits to all regional oil fields, was signed on […]
