🇮🇶 Iraq News

Abraaj Al-Ameriya Residential Project Contract Signed

By John Lee. An investment contract has been signed for the Abraaj Al-Ameriya residential project in Baghdad, a development comprising 1,620 housing units in the Ameriya district, behind the American University of Baghdad. The project will be executed by Al-Ab'ad Al-Dhahabiya for Investment and Real Estate Development, a subsidiary of Al-Kamil Holding Group. According to […] The post Abraaj Al-Ameriya Residential Project Contract Signed first appeared on Iraq Business News .

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Air Transat Licence for Canada-Iraq Flights

By John Lee. A temporary licence has been granted to Canada's Air Transat to provide scheduled international air services between Canada and Iraq via code sharing. The licence is valid until 30th June 2028. According to the Canadian Transportation Agency (CTA), the authority is classified as extra bilateral, as no existing agreement or arrangement between […] The post Air Transat Licence for Canada-Iraq Flights first appeared on Iraq Business News .

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Dinar Devaluation "Fuels Showdown over Iraq's 2027 Budget"

From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Dinar Devaluation Fuels Showdown over Iraq's 2027 Budget A sharp devaluation of the Iraqi dinar has set off an intense and public fight over state finances... Lawmakers are now pressing Prime Minister Ali […] The post Dinar Devaluation "Fuels Showdown over Iraq's 2027 Budget" first appeared on Iraq Business News .

iraq-businessnews.com · economy

Iraq launches the Updated Nationally Determined Contribution

From the United Nations Development Programme (UNDP). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq launches the Updated Nationally Determined Contribution Under the patronage of Prime Minister H.E. Mr. Ali Al-Zaidi, Iraq today officially launched its Updated Nationally Determined Contribution (NDC), setting out […] The post Iraq launches the Updated Nationally Determined Contribution first appeared on Iraq Business News .

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PM Defends Dinar Rate Decision, Outlines Plans

By John Lee. Prime Minister Ali al-Zaidi has addressed parliament to explain the government's decision to change the exchange rate and outline steps to protect living standards and maintain regular payments of salaries and essential expenditure. According to the Prime Minister's Office, al-Zaidi met with parliament speaker Hibat Hamad al-Halbousi and the heads of parliamentary […] The post PM Defends Dinar Rate Decision, Outlines Plans first appeared on Iraq Business News .

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New Plant Genetic Resources Bank opened in Baghdad

From UN Iraq. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. FAO, European Union and Ministry of Agriculture inaugurate rehabilitated National Plant Genetic Resources Bank in Baghdad The Food and Agriculture Organization of the United Nations (FAO), the European Union and the Ministry of […] The post New Plant Genetic Resources Bank opened in Baghdad first appeared on Iraq Business News .

iraq-businessnews.com · economy

Strategic Power Projects Under Review with Siemens

By John Lee. Three strategic high-voltage electricity substations are under development in Karbala, Najaf and Baghdad as part of Iraq's power transmission upgrade programme. Progress on the projects was reviewed at a meeting between the General Company for Electricity Transmission in the Middle Euphrates and Siemens, which is delivering the work under Phase Two of a […] The post Strategic Power Projects Under Review with Siemens first appeared on Iraq Business News .

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Cabinet Approves Winter Agricultural Plan for 2026/27

By John Lee. Iraq's Cabinet has approved the winter agricultural plan for the 2026/27 season, setting out wheat procurement targets, seed subsidies, and fertiliser policy. According to the Prime Minister's Office, the Ministry of Trade is authorised to purchase up to 4 million tonnes of wheat from all governorates, excluding the Kurdistan Region, at prices […] The post Cabinet Approves Winter Agricultural Plan for 2026/27 first appeared on Iraq Business News .

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Iraq Trade Policy Framework in Development with ITC Support

By John Lee. Iraq's Ministry of Trade is working with the International Trade Centre (ITC) to develop a national trade policy and a National Trade and Investment Strategy. The two sides met to discuss the key sectors and themes to be covered by both documents, and to agree on methodology and work phases. According to […] The post Iraq Trade Policy Framework in Development with ITC Support first appeared on Iraq Business News .

iraq-businessnews.com · economy

Turkey "to Gain from Upcoming Oil Pact with Iraq"

By Nadim Kawach, for Arabian Gulf Business Insight (AGBI). Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Turkey to Gain from Upcoming Oil Pact with Iraq Turkey will gain from an expected oil pact with Baghdad that replaces a decades-old deal governing Iraq's […] The post Turkey "to Gain from Upcoming Oil Pact with Iraq" first appeared on Iraq Business News .

iraq-businessnews.com · economy

Basrah Gas Company Awarded the Rasmi Al Jabri Award

From the Iraq Britain Business Council (IBBC). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Basrah Gas Company Awarded the Rasmi Al Jabri Award for Business Excellence At the prestigious IBBC 2026 Annual Retreat at Cumberland Lodge, Great Windsor Park, Basrah Gas Company (BGC) […] The post Basrah Gas Company Awarded the Rasmi Al Jabri Award first appeared on Iraq Business News .

iraq-businessnews.com · economy

Iraqi Dinar Devaluation: How Does It Affect You?

Wednesday's devaluation of the the Iraqi Dinar (IQD) by approximately 15 percent follows months of pressure on the currency; the dollar has recently reached over 157,000 dinars per $100 on the parallel market, It is not the first time Iraq has taken this step. In December 2020, the CBI cut the dinar's value by about […] The post Iraqi Dinar Devaluation: How Does It Affect You? first appeared on Iraq Business News .

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CBI Confirms Devaluation of Iraqi Dinar

By John Lee. The Central Bank of Iraq (CBI) has confirmed the approximately 15-percent devaluation of the Iraqi dinar, which we reported on Wednesday. In an official statement, it said that the new rate is intended to support domestic industry, improve the competitiveness of Iraqi goods against imports, attract investment to non-oil productive sectors, and create […] The post CBI Confirms Devaluation of Iraqi Dinar first appeared on Iraq Business News .

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New Fibre Route to Link Gulf and Europe via Iraq

By John Lee. A dark fibre agreement has been signed between OFN, the international connectivity arm of Asiacell parent Ooredoo Group, and iQ Networks, an Iraqi fibre-optic infrastructure provider, to enable terrestrial transit connectivity across Iraq towards Türkiye and Europe. According to Ooredoo Group, the agreement supports the overland component of a planned integrated connectivity […] The post New Fibre Route to Link Gulf and Europe via Iraq first appeared on Iraq Business News .

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Qatar-Iraq Business Council Established

By John Lee. Qatar Chamber and the Federation of Iraqi Chambers of Commerce have signed a Memorandum of Understanding (MoU) to establish a Qatar-Iraq Joint Business Council. The signing took place on Wednesday at a bilateral business meeting in Doha, attended by senior figures from both chambers and prominent business leaders from each country. The […] The post Qatar-Iraq Business Council Established first appeared on Iraq Business News .

iraq-businessnews.com · economy

Al-Salam and ZTE Sign Technology and Manufacturing MoU

By John Lee. A memorandum of understanding (MoU) has been signed between Al-Salam General Company and Chinese telecoms firm ZTE at the Iraq International Exhibition and Conference ITEX5-2026, covering technology cooperation and manufacturing transfer. The signing was held under the patronage of Communications Minister Mustafa Jabbar Sanad. (Source: Ministry of Communications) The post Al-Salam and ZTE Sign Technology and Manufacturing MoU first appeared on Iraq Business News .

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Iraq and World Bank Discuss National Partnership Strategy

By John Lee. Iraq's Ministry of Planning has held talks with a World Bank delegation on a national partnership strategy for the next five years. The meeting was chaired by Dr. Maher Hammad Johan, the ministry's Under-Secretary for Technical Affairs, and attended by Dr. Othman Diyon, World Bank Vice President for the Middle East and […] The post Iraq and World Bank Discuss National Partnership Strategy first appeared on Iraq Business News .

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