By John Lee. Iraq's Ministry of Planning has reported a decrease in both monthly and annual inflation rates for October 2025, but its announcement did not mention the actual rates. Ministry spokesperson Abdul Zahra al-Hindawi said field teams from the Central Statistical Organisation (CSO) recorded a 0.3% fall in monthly inflation compared with September, while […]
By John Lee. The Central Bank of Iraq (CBI) has presented detailed updates on its banking-sector reform programme, with Governor Ali Mohsen Al-Alaq outlining structural plans aimed at rebuilding a compliant and modern financial system. Al-Alaq said the engagement of Oliver Wyman followed restrictions on dollar transactions imposed on a number of Iraqi banks, noting […]
By John Lee. Iraq's Ministry of Oil has issued exclusive invitations to several major US oil companies to submit bids for taking over the operatorship of the West Qurna-2 field. The Ministry said it is pursuing a transparent, competitive process based on approved criteria for awarding oilfield development contracts. Direct negotiations are under way with […]
By John Lee. Prime Minister Mohammed Shiaa Al-Sudani has inaugurated a US$45-million cancer-medicine factory at the Modern Pharmaceutical Industries Company, a private-sector project, and launched construction works for a US$70-million facility to produce viral vaccines for hepatitis, influenza, and the MMR (mumps, polio, rubella) combination. The Prime Minister said the new plant -- built with […]
By John Lee. Prime Minister Mohammed Shiaa Al-Sudani has launched the first phase of the Pulse of Mosul project, aimed at rehabilitating alleys and neighbourhoods in the Old City of Mosul. The initiative mirrors the earlier Pulse of Baghdad programme to restore historic districts of the capital. Chairing a meeting attended by the Governor of […]
By John Lee. The UK's Department for Business and Trade has said that total trade in goods and services (exports plus imports) between the UK and Iraq was £1.2 billion in the four quarters to the end of Q2 2025, a decrease of 8.9% or £112 million in current prices from the four quarters to […]
By John Lee. The General Company for Ports of Iraq (GCPI) has confirmed the signing of a contract with Dutch firm Fugro to carry out third-party surveying of the al-Faw navigation channel, in preparation for issuing internationally recognised Admiralty charts. Director General Farhan al-Fartousi told the state-owned Iraqi News Agency (INA) that the survey work will […]
By John Lee. The National Investment Commission (NIC) has held a workshop in Baghdad to discuss Iraq's plans for clean hydrogen and blue ammonia production and their potential impact on the national economy. The session, attended by government advisers, academics and representatives from the Ministries of Higher Education and Industry, reviewed Iraq's vision for adopting […]
By John Lee. The UK's Foreign, Commonwealth & Development Office (FCDO) has invited bids to deliver one component of the Building Peace and Stability in Iraq programme. This includes activities related to durable solutions and leading at least 6 local non-governmental organisations. The deadline is by 22nd December 2025. Click here for more details.
The following were the ten most read dinar-related articles on Iraq Business News for the month of November: CBI Instructions for Exchanging Dinars CBI to Support Dinar Stability CBI Denies Dinar Revaluation Rumours as Inflation Falls The Iraqi Dinar Revaluation Deception: 10 Persistent False Claims Exposed Donald Trump and the "Great Iraqi Dinar Revaluation" Dinar […]
By John Lee. The Government of Iraq has signed the UNIDO Country Programme for 2026-2030, represented by Minister of Industry Prof. Khalid Battal al-Najm, with UNIDO, represented by Director-General Gerd Müller, during the organisation's conference last week in Riyadh. The programme provides a strategic framework aligned with Iraq's Vision 2030, the National Industrial Strategy 2024-2030, […]
By John Lee. The International Labour Organization (ILO) has concluded the final round of an advanced training programme to strengthen Public Employment Services (PES) and enhance employer engagement and labour-market intermediation across the Kurdistan Region of Iraq and in the Ninewa province. The initiative aims to modernize employment services, improve labour-market governance, and prepare institutions […]
