By John Lee. The Central Bank of Iraq (CBI) has announced the launch of inter-wallet money transfer services, enabling individuals and businesses to conduct financial transactions with greater speed and flexibility. The new services include: Inter-wallet transfers between verified permanent wallets across different service providers. Inter-wallet transfers from verified permanent wallets to merchant wallets across […]
By John Lee. International Development Bank (IDB) has announced the opening of Iraq's first smart banking branch, located at its headquarters on Abu Nuwas Street in Baghdad. According to a statement from the bank, the new facility provides customers with a fully digital banking experience, designed to be fast, secure, and integrated, and is available […]
Meta and Google Join Local Stakeholders at Iraq's First Internet Governance Forum Baghdad will host the country's first Internet Governance Forum (IGF) on 30-31 August, bringing together global and local voices to shape Iraq's digital future. Organized under the official United Nations IGF framework, the event marks a milestone in Iraq's engagement with international internet […]
By John Lee. Karmal Brokerage has secured approval from the Iraq Stock Exchange (ISX) to launch a comprehensive digital transformation project in preparation for operations on the "Tabadul" electronic trading platform. According to a press release, the initiative, the first of its kind in Iraq's financial market, supports the government's vision to enhance transparency and […]
By John Lee. The Central Bank of Iraq (CBI) has launched the second edition of its Security Permits Platform, aimed at enhancing the management and organisation of security clearances for authorised bank personnel and their vehicles during cash withdrawal and deposit operations. The CBI's Security Permits Office held an interactive workshop outlining the platform's features, account […]
By John Lee. Central Bank of Iraq (CBI) Governor, Ali Mohsen Al-Alaq, has outlined the Bank's progress in developing a secure and integrated electronic payment system, in line with international standards and best practices. Speaking at the Comprehensive Transformation to Electronic Payment Conference in Baghdad, he said the systems have improved the efficiency and reliability […]
By John Lee. The General Company for Ports of Iraq (GCPI) has launched a significant digital transformation by integrating what it describes as "advanced fifth-generation (5G) smart equipment" into its operational infrastructure, marking a major step toward full automation in Iraq's maritime sector. According to Director General Dr. Eng. Farhan Al-Fartousi, the company received a […]
By John Lee. The Iraqi Ministry of Higher Education and Scientific Research has announced the establishment of two new colleges at the University of Baghdad: the College of Excellence and the College of Artificial Intelligence, with operations set to begin in the 2025/2026 academic year. The initiative was ordered by Higher Education Minister Dr. Naeem […]
By Dr. Saad Mohsen Naji - Expert in Digital Economy | Vice President and Secretary General of Jordan's Iraqi Business Council. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. The Risks of Transitioning to AI-Powered Digital Administration: Iraq Between Aspiration and Reality In the […]
By John Lee. The Iraqi Ministry of Communications has announced internet penetration reaching 82.9 percent of the population by the end of 2024, up from just 44.3 percent in 2019, according to official data from the International Telecommunication Union (ITU). Key components of the Ministry's strategy include the rapid expansion of the FTTH (Fibre to […]
By John Lee. UAE-based venture capital fund EQIQ has announced a $3-million anchor investment in a new digital banking startup led by Iraqi-American finance veteran Hussain Qaragholi (pictured). The total $15-million funding round will support the launch and early growth of the next-generation, AI-driven platform. The new venture aims to transform Iraq's underdeveloped banking sector […]
By John Lee. Hussein Afshin, Assistant to the Iranian President for Scientific and Technical Affairs and the Knowledge Economy, has reportedly proposed establishing a joint Iran-Iraq artificial intelligence (AI) centre on one of Iran's islands. Speaking during a meeting in Tehran with Ali Razzouqi, Deputy Head of the Office of the Iraqi Prime Minister, Afshin […]
