By John Lee. Loans for contractors on residential units at the Bismayah housing project are to be released through Rafidain Bank, following an emergency meeting between the National Investment Commission (NIC) and the Ministry of Finance. NIC Chairman Adel Dakhil Muhammad al-Yasiri met with Finance Ministry Undersecretary Dr. Ali Karim Hussein on Thursday to resolve […]
By John Lee. Iraq's cabinet has approved the allocation of IQD 15 billion ($11.5 million) for infrastructure development at three border crossings. According to the Prime Minister's Office, the funds will be directed towards upgrading the crossings at Rabia (pictured), Al-Waleed, and Safwan. (Source: Prime Minister's Office)
By John Lee. A new framework requiring importers to pay customs duties and estimated tax deposits in advance is to take effect in Iraq from 1 October 2026, according to a decision by the Council of Ministers. Under the new rules, importers will be required to deposit foreign transfer amounts for import purposes with authorised […]
By John Lee. Al-Fares General Company, a subsidiary of the Ministry of Industry and Minerals, has supplied the Maysan Water Directorate with an integrated water filtration and purification complex with a production capacity of 50 cubic metres per hour. The complex was manufactured at the company's specialist production facilities. According to the Ministry of Industry […]
By John Lee. Iraq's Ministry of Construction, Housing and Municipalities has held talks with the Czech Republic on cooperation in water treatment and desalination projects. The meeting was attended by Michal Svoboda, the Czech Republic's Minister Plenipotentiary to Baghdad, and a representative of the Iraqi Ministry of Foreign Affairs. Iraq was represented by Engineer Ammar […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 20th August 2026). Please click here to view a table of listed companies and their associated ticker codes. Rabee Securities' Market Indexes Change - Weekly Index Code Closings Change (w/w) (%) Change (YTD) (%) IQD-RSISX 2,770.5 -1.01% 8.36% USD-RSISX 2,724.2 -1.01% 8.36% […]
By Sinan Mahmoud, for The National. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq Considers Deleting Zeros from Dinar as Officials Revive Currency Overhaul Iraq is again considering a long-standing and controversial plan to delete zeros from the dinar as the country […]
By John Lee. Priorities for a new World Bank loan to Iraq's electricity sector were discussed at a meeting between Electricity Minister Ali Saad Wahib and Emmanuel Salinas Munoz, the World Bank's country director for Iraq, on Wednesday. According to the Ministry of Electricity, the meeting also reviewed progress on projects under the current World […]
By John Lee. Iraq's Council of Ministers has approved new mechanisms for exporting Iraqi oil through specialist international and domestic companies via multiple outlets, under contracts of three months' duration beginning 1 September 2026. The Council also approved exceptional authorisations to expand export and import capacities. The Minister of Oil, Basim Muhammad Khudhair al-Abadi, has […]
By John Lee. Iraq's Cabinet of Ministers has approved a set of measures to reform crude oil pricing and reduce fuel subsidies, effective from 1 September 2026. Under the approved measures: Crude oil purchases will be priced at either the State Oil Marketing Organization (SOMO) rate or the price stipulated in the general budget, whichever […]
By John Lee. Iraq has expressed interest in deepening economic ties with Italy and broader engagement with European Union member states. Prime Minister Ali al-Zaidi met with Italian Ambassador Niccolò Fontana in Baghdad on Sunday, with discussions covering bilateral relations and ways to develop cooperation across multiple sectors. According to the Prime Minister's Office, Ali […]
By John Lee. A lime production plant operated by the General Company for Iron and Steel in Basra has resumed operations following the completion of rehabilitation works, with an initial daily capacity of 200 tonnes. According to the Ministry of Industry and Minerals, the plant produces quicklime (calcium oxide, CaO) to specifications the company says […]
