By John Lee. A new showroom for China's Geely cars has opened at Baghdad Mall in Al-Harthiya. Operated by Tareeq Al Majal, it will offer the Coolray and Emgrand models alongside after-sales support and parts. The company, a joint venture between Iraqi conglomerate Al Majal Group and Al-Markazia, an automotive group headquartered in Jordan, became […]
By John Lee. An agreement has been reached to open a branch of JP Morgan in Iraq to finance projects implemented by American companies. The deal was agreed during a meeting in Washington between Prime Minister Ali al-Zaidi and representatives of the bank. Earlier this month, we reported that KAR Electrical Power Plant Production Trading […]
By John Lee. Seven Iraqi banks have been cleared to re-enter non-dollar international correspondent banking channels, following high-level meetings between the governor of the Central Bank of Iraq (CBI) and officials at the US Treasury. The meetings followed Prime Minister Ali al-Zaidi's official visit to the United States and his meeting with the US President. […]
By John Lee. Iraqi Prime Minister Ali al-Zaidi has met International Monetary Fund (IMF) Managing Director Kristalina Georgieva in Washington on Saturday to discuss Iraq's economic outlook and the prospects for cooperation between the two parties. According to the Prime Minister's Office (PMO), talks covered economic and financial reform policies, efforts to achieve sustainable growth, […]
By John Lee. Iraq's Ministry of Communications has held talks with a delegation from the European Bank for Reconstruction and Development (EBRD) to explore areas of cooperation in infrastructure and public services. The meeting, chaired by the Ministry's technical adviser Bassam Salem Al-Zaidi, was attended by the directors general of the General Company for Telecommunications […]
By John Lee. A hybrid solar power station has been installed and commissioned at the Arab Oil Training Institute in Iraq. The project was carried out by Al-Zawraa State Company, a subsidiary of the Ministry of Industry and Minerals. The station has a capacity of 120 kilowatts and a lithium battery storage capacity of 122 […]
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq's State Deficit Jumps 68% in First Quarter of 2026 Iraq recorded a budget deficit of nearly 11 trillion Iraqi dinars ($8.3 billion) in the first four months of the year, marking a 68 […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Why has a Women's Quota Failed to Pierce Iraq's Executive Ceiling? In Iraq's 2021 federal parliamentary elections, women achieved a historic high-water mark by winning 95 positions in the 329-seat chamber. This comfortably […]
By John Lee. Iraq's Prime Minister Ali al-Zaidi has met with the chief executive of ExxonMobil, Darren Woods, and the company's board at its headquarters in Houston to discuss expanding oil production and export capacity, and potential partnership in refinery development. According to the Prime Minister's Office, al-Zaidi outlined the government's intention to develop Iraq's […]
By John Lee. Iraq's Ministry of Trade has held discussions with representatives of SpaceX, including its Starlink satellite internet team, during meetings in Washington. Minister of Trade Mustafa Nizar Jumaa said the talks focused on potential cooperation in satellite internet services, digital infrastructure, and e-government platforms. He indicated that Starlink's technology could support Iraq's digital […]
By John Lee. A seismic survey contract has been signed between the Iraq Oil Exploration Company and Sinopec (China Petroleum & Chemical Corporation) for a 2D seismic survey programme in Muthanna province. The contract covers the Addan 2D programme. The contract was signed on Thursday in the presence of Minister of Oil Basim Muhammad Khudhair […]
By John Lee. Iraq's Prime Minister Ali al-Zaidi has met with World Bank Group President Ajay Banga in Washington. The delegation accompanying Banga included Makhtar Diop, President of the International Finance Corporation (IFC), and senior World Bank officials. According to the Prime Minister's Office, al-Zaidi highlighted the government's focus on banking sector reform and programme […]
