Economy

  • Iraq’s De-Dollarisation Efforts and Diversification

    Iraq is making a bold move to reduce its reliance on the US dollar. In a recent effort to boost its own currency, the Iraqi dinar (IQD), the government outlawed the use of USD for local transactions in May 2023. This follows the earlier decision to permit trade with China…

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  • Iraq and OPEC+ States to Extend Production Cuts until 2025

    Iraq, along with other OPEC+ countries including Saudi Arabia, Russia, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman, participated in an in-person meeting in Riyadh during the 37th OPEC and non-OPEC Ministerial Meeting (ONOMM). The meeting aimed to strengthen the precautionary efforts of OPEC+ to support the stability and…

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  • Jordan and Iraq Strengthen Ties at IBC Economic Forum

    The Economic Forum for Financial, Industrial, and Commercial Partnerships between Iraq, Jordan, and the region successfully took place between the 5th and 6th of May, at the King Hussein Bin Talal Convention Centre, Dead Sea. His Excellency Dr. Majid Alsaidi, head of the Iraqi Business Council, opened the Economic Forum,…

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  • Iraq Launches Electronic Payment Services at Fuel Stations

    Iraq has taken a significant step forward in modernising its fuel distribution system via automated fuel filling and electronic payment services at fuel stations across the country, introduced earlier this year. This initiative, reduces human intervention, marks a significant step in Iraq’s journey towards technological advancement and efficiency in its…

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  • Ramadan’s Impact on the Economy: Insights for Financial Trends

    The 11th of March marked the start of Ramadan in Iraq, with most people preparing weeks in advance for the Holy month. Because this month alters the typical daily schedule of practicing individuals, it is usually expected for the economy to slow down whilst the working rhythm changes, and practicing…

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  • Baghdad International Fair: Discovering Egypt

    Baghdad – (iina) Egyptian merchants display their products at the Baghdad International Fair. The fair gives them an opportunity to showcase their culture through clothes, food, and decorations. These independent merchants add a bright touch to the fair as their stands are packed with colours coming from spices, and gold…

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  • A World Bank Delegation Meets the Chairman of CMC to Discuss Iraq’s Digital Transformation

    Bagdad (iina) – Dr. Ali Al-Muayyad, Chairman of the Communications and Media Commission in Baghdad, received a delegation from the World Bank headed by Abdullah Jabour.   During the meeting, attendees also discussed the importance of implementing integrated digital transformation programs, which would positively affect Iraq’s social and economic life,…

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  • Iraq International Conference for Oil and Gas Projects

    https://youtu.be/fv0rXozNC3M Baghdad – (iina) Iraq inaugurated its first oil and gas exhibition from the 10th to the 13th of September in Baghdad. A total of 60 companies participated in the event to promote local and international oil companies. This opportunity allowed various companies to partner up on new projects in…

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  • The First Oil and Gas Exhibition in Iraq

    Baghdad – (iina) Iraq inaugurated its first oil and gas exhibition from the 10th to the 13th of September in Baghdad. A total of 60 companies participated in the event to promote local and international oil companies. This opportunity allowed various companies to partner up on new projects in the…

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  • Interview with CEO of TOPFIBRA on Al-Narges GRP Pipe Plant

    In an exclusive interview, Mauricio Facchinetti, CEO and Co-Founder of TOPFIBRA, speaks on the collaboration with Al-Narges to produce Glass Reinforced Plastic (GRP) pipe plant. Al-Narges company has opened Iraq’s first factory to manufacture glass fibre reinforced plastic (GRP) pipes. Could you tell me more about this collaboration? I would…

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