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Iraq Business News - Latest News Tracking & Analysis

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Iraq Business News

Iraq Business News

Primary focus: Business

Recent Reportage

Latest coverage from Iraq Business News

$40bn Investment Opportunity in Domestic Iraqi Production

By John Lee. The Iraq Development Fund has identified investment opportunities worth 40 billion in goods currently imported into the country that could instead be produced domestically. Mohammed al-Najjar (pictured), head of the fund, told the state-run Iraqi News Agency (INA) that Iraq's annual import bill provides a measure of the scale of the opportunity, [] The post 40bn Investment Opportunity in Domestic Iraqi Production first appeared on Iraq Business News.

15 hours ago

Iraqi Port Activity Up 20% in 2025

By John Lee. Iraq's ports recorded strong financial and commercial growth in 2025, according to an annual statistical report published by the Statistics and Geographic Information Systems Authority of the Ministry of Planning. Key indicators for the General Company for Ports of Iraq (GCPI) showed: Total revenues of IQD 1,100.7 billion (840 million), up 20.5 [] The post Iraqi Port Activity Up 20 in 2025 first appeared on Iraq Business News.

15 hours ago

China Supplies 15 Boats and 3 Ferries to Iraq

By John Lee. The State Company for Marine Transport (SCMT) has taken initial delivery of 15 new boats and three ferries under a contractual agreement with China. The fleet includes modern tourist boats, two passenger ferries with a capacity of 200 passengers each, and a large multipurpose ferry capable of carrying 500 passengers and 80 [] The post China Supplies 15 Boats and 3 Ferries to Iraq first appeared on Iraq Business News.

15 hours ago

Publishing Activity

Daily article output trend

CBI Pushes E-Payment Firms on Digital Expansion

By John Lee. The Central Bank of Iraq (CBI) has held a meeting with licensed electronic payment companies in Iraq to advance the development of the national payments system and promote financial inclusion. According to the CBI, the governor emphasised that e-payment firms must raise the quality, efficiency, and reliability of their services to build [] The post CBI Pushes E-Payment Firms on Digital Expansion first appeared on Iraq Business News.

15 hours ago•
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Iraq Opens First Solar Module Factory in Karbala

By John Lee. Iraq's first industrial-scale photovoltaic (PV) solar module manufacturing facility has opened in Karbala. The Al-Nour Solar Panel Production Plant was developed for the Project Engineering Department of the Al-Abbas Holy Shrine by Italian firm Ecoprogetti Srl, which supplied and installed the complete turnkey production line. The facility has an annual installed capacity [] The post Iraq Opens First Solar Module Factory in Karbala first appeared on Iraq Business News.

15 hours ago•
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New Easy-Payment Scheme for Iraqi State Employees

By John Lee. Iraq's General Company for Building Materials Trading has launched a direct sales and instalment scheme under an initiative called Al-Taaoun lil-Insha'iya (Cooperation for Construction), allowing state employees and retirees to purchase building materials, furniture, and household electrical appliances on instalment terms of up to 15 months, with no guarantor or down payment [] The post New Easy-Payment Scheme for Iraqi State Employees first appeared on Iraq Business News.

15 hours ago•
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Iraq Struggles to Meet Power Demand; Drop in Iranian Gas Imports

From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq Struggles to Meet Power Demand amid Drop in Iranian Gas Imports The Iraqi government is producing less than half of the country's electricity needs despite scorching summer temperatures, a shortfall officials partly attribute [] The post Iraq Struggles to Meet Power Demand; Drop in Iranian Gas Imports first appeared on Iraq Business News.

15 hours ago

IBPL Welcomes Banking Update, Expects Stable Dinar

By John Lee. The Iraqi Private Banks League (IPBL) has welcomed the recent announcement that seven Iraqi private banks are to regain access to foreign currency correspondent banking channels (excluding the US dollar). The announcement followed high-level talks between the Central Bank of Iraq (CBI) and officials at the US Treasury. An IBPL statement described [] The post IBPL Welcomes Banking Update, Expects Stable Dinar first appeared on Iraq Business News.

21 hours ago

Iraq Opens Door to Foreign Bank Branches for Investment Finance

By John Lee. The opening of foreign bank branches in Iraq will help fund investment projects, ease banking operations for foreign companies, expand financing channels, and transfer modern banking expertise, according to Finance Minister Faleh Sari. Sari made the remarks following a meeting between a government delegation led by Prime Minister Ali al-Zaidi and representatives [] The post Iraq Opens Door to Foreign Bank Branches for Investment Finance first appeared on Iraq Business News.

21 hours ago

Iraqi WTO Accession Talks in Geneva

By John Lee. A delegation from Iraq's Ministry of Trade has held a series of formal meetings with officials from the World Trade Organization (WTO) in Geneva to discuss the advanced stages of Iraq's accession process. According to the ministry, the delegation met with the WTO's deputy director-general, the chair of the working party on [] The post Iraqi WTO Accession Talks in Geneva first appeared on Iraq Business News.

1 day ago