business
Iraq Targets End to Gas Flaring at Northern Oil Sites by 2027
The Oil Ministry plans to capture 80 million standard cubic feet a day of additional associated gas by end-2026.
Shafaq News
Iraq Times / Business
Business
Iraqi economy, industry, energy, markets, companies, investment and trade
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business
Iraq confirms new dinar exchange-rate structure
The Central Bank of Iraq has confirmed a roughly 15% devaluation, setting new official dollar rates from 7 October.
Iraq Business News
business
Iraqi Airways Carries 271,589 Passengers in September
The state carrier operated 1,585 direct flights last month, according to figures released by Iraq’s Transport Ministry.
Shafaq News
business
Trade Bank of Iraq injects dollars into the market
The state-owned lender began supplying foreign currency through formal banking channels after the new exchange rate took effect.
Shafaq News
business
Lawmakers seek review of Iraq’s exchange-rate decision
Parliamentarians called for an emergency session after the Finance Ministry adopted the new rate and suspended advance customs payments.
Shafaq News
business
Iraq’s parallel-market dollar surges after rate reset
The dollar climbed to 168,500 dinars per $100 in Baghdad’s central exchanges as the revised official rate took effect.
Shafaq News
business
Iraq devalues dinar as oil-shipping disruption deepens
Baghdad set a new official rate of 1,500 dinars per US dollar, citing financial and monetary pressures amid disrupted oil exports.
Associated Press
business
Vitol Emerges as Iraq’s Second-Largest Crude Buyer
The trader bought at least 25 million barrels in September, underscoring the premium on shipping capacity amid regional transport risks.
Iraqi News
business
Ooredoo’s OFN and iQ Networks plan Iraq fibre transit corridor
The dark-fibre agreement would extend the planned FIG subsea cable across Iraq toward Türkiye and Europe, subject to required approvals.
Ooredoo Group
business
Iraq devalues dinar as oil-export disruption strains public finances
Baghdad has weakened the dinar under a new exchange-rate regime as disrupted oil exports reduce hard-currency income and increase pressure on the state budget.
Al-Monitor
business
Qatar and Iraq create joint business council
Business chambers from Qatar and Iraq signed an MoU to deepen private-sector ties and promote investment, trade and SME cooperation.
Qatar News Agency
business
Chinese independent refiners step up purchases of Iraqi crude
Private refiners in China have bought sizeable October-November volumes as they seek alternatives to shrinking Iranian supply.
Reuters
business
World Bank outlook points to sharp Iraqi contraction
A World Bank regional forecast cited by The National projects Iraq’s economy will contract 12.4% in 2026.
The National
business
Iraq signs Nineveh seismic-survey contract with KAR
The state-owned Oil Exploration Company will carry out 2D and 3D surveys at the Sasan and Allan oil and gas fields under a new contract with KAR.
The Insight International
business
Regional Tensions Test Iraq’s Trade and Fiscal Buffers
A new assessment highlights exposure in trade routes, banking, fuel supply and budget planning as regional instability raises economic risks.
Shafaq News
business
Iraq Exchange Links to Abu Dhabi’s Tabadul Network
The Iraq Stock Exchange has joined ADX’s mutual-market-access platform, although settlement arrangements remain a key operational condition.
Iraq Business News / AFC Iraq Fund
business
Baghdad Approves $2.7 Billion Economic Financing Push
A 3.5 trillion-dinar package targets housing, industry, agriculture, contractors and farmers as Iraq seeks to sustain domestic activity.
Arab News / Asharq Bloomberg
business
Iraq launches $2.7bn financing drive for housing, industry and farming
A 3.5 trillion-dinar package directs fresh funding to projects, state-bank lending and overdue payments to contractors and farmers.
Asharq Bloomberg
business
Baghdad orders $2.67bn economic-support package
The measures direct funding to housing, industrial projects, contractors, farmers and the Future Generations Fund.
Shafaq News
business
OPEC+ producers keep November output unchanged
Iraq joined six other major exporters in agreeing to maintain production levels for November.
Associated Press
business
Iraq’s budget deficit exceeds $20bn through July
Finance Ministry data showed expenditure reached 65.4 trillion dinars in the first seven months, well above revenue.
Shafaq News
business
Iraq’s seven-month fiscal gap tops $22bn as investment outlays shrink
Finance Ministry data show spending outpaced revenue by more than 29 trillion dinars through July, while capital expenditure bore the brunt of the adjustment.
Rudaw English
business
Iraq directs $2.67bn support package toward housing, industry and arrears
Five measures include redirected central-bank initiatives, added bank liquidity and payments for contractors and farmers.
Shafaq News
business
Siemens Energy and Iraq Set Framework for Fourth Power-Sector Phase
A principles-of-cooperation agreement lays groundwork for a further stage of German-Iraqi energy collaboration, with project details still to follow.
AHK Iraq
business
Iraq moves 2 million barrels of crude through Hormuz
Iraq’s Oil Tankers Company said a VLCC carried the cargo through the Strait of Hormuz in a first operation of its kind for decades.
Reuters via Arab News
business
Iraq ranks third among Arab official gold holders
World Gold Council data put Iraq’s gold reserves at 175.6 metric tons in September, up from a year earlier.
Shafaq News
business
Al-Waleed crossing needs further investment to expand trade
Officials say completing development at the Iraq-Syria border crossing requires major funding.
Shafaq News
business
IFC and Private Banks League Train Iraqi Bankers on ESG Risk
A specialist programme focused on integrating environmental, social and governance factors into banking risk management.
Iraq Business News