Economic news in Iraq

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Country Iraq

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2026-01-09 Energy

OPEC Approves New Compensation Plans to Support Oil Market Stability

The Organization of the Petroleum Exporting Countries OPEC has received updated production compensation plans from four key members — Iraq, the UAE, Kazakhstan,...

2026-01-08 Energy

West Qurna 2 Moves Under Basra Oil Management by Iraqi Decision

The Iraqi government has approved transferring the management of oil extraction operations at West Qurna 2 to the state-owned Basra Oil Company, aiming to secur...

2026-01-08 Economy

Salaries in Iraq Secured as Financial Stability Remains Intact

Government officials confirmed that salaries in Iraq, including payments to retirees and social welfare beneficiaries, are fully secured as foreign currency inf...

2026-01-06 Economy

Baghdad Metro: Iraq Prepares for Global Offering with Final Step and New Investment Package

The Iraqi government has taken a decisive step to advance the Baghdad Metro toward its international launch, following an official directive to prepare a final...

2025-12-31 Economy

Iraq’s Port Revolution: Private Firms to Tackle Cargo Congestion and Enforce Strict Controls

A Strategic Move to Resolve Border Crossing Bottlenecks In a bold move aimed at revitalizing trade movement, the Iraqi Ministry of Planning has announced the in...

2025-12-28 Economy

Iraq Reports 34,000 New Industrial Projects in Three Years

Iraq has recorded a notable Iraqi industrial growth after more than 34,000 industrial projects were launched over the past three years, signaling improving busi...

2025-12-17 Economy

Sawiris Says Investment Experience in Iraq Is Challenging Despite $11 Billion Project

Sawiris said his investment experience in Iraq has been challenging due to ongoing political difficulties, noting that his group continues to pursue large-scale...

2025-12-14 Economy

US Dollar Continues to Shape Movements of the Iraqi Dinar

The US dollar remains the key driver shaping movements of the Iraqi dinar in the foreign exchange market, as participants closely watch monetary and regulatory...

2025-12-13 Energy

Iraqi Electricity Sector Mobilizes to Face Weather Fluctuations and Secure Power Supply

Iraq’s Ministry of Electricity has declared a full emergency mobilization of all Iraqi electricity teams nationwide to confront weather fluctuations and heavy r...

2025-12-13 Economy

Health Insurance to Cover One Million Beneficiaries as Expansion Reaches Five New Provinces

The Ministry of Labor and Social Affairs is moving forward with expanding the health insurance system after the number of beneficiaries in Baghdad reached nearl...

2025-12-13 Energy

DNO Launches New Expansion Phase at Tawke Oil Field to Boost Output to 100,000 Barrels

Norwegian oil and gas company DNO has announced the launch of a new expansion phase at the Tawke oil field in the Kurdistan Region of Iraq, aiming to significan...

2025-12-13 Energy

Smart Electricity Meters Begin Full Deployment in Iraqi Provinces and Baghdad

Smart electricity meters have entered full-scale deployment across several Iraqi provinces as part of the national digital transformation project in the power s...

2025-12-13 Economy

Development Road at the Center of Government Talks on Operational Plans

Iraq’s higher committee held an extensive meeting to review operational plans submitted by Oliver Wyman and BTP for the Development Road, as part of efforts to...

2025-12-13 Economy

Water Hyacinth Threatens Dhi Qar as Authorities Race Against Drought

Dhi Qar province is facing a growing environmental challenge as water hyacinth spreads across the Euphrates River at a time when the region is already suffering...

2025-12-13 Economy

Baghdad Airport Temporarily Closed Due to Severe Weather Conditions

Iraqi authorities have decided to suspend flight operations at Baghdad Airport on a temporary basis due to severe weather conditions that directly affected avia...

2025-12-13 Energy

Iraq Oil Exports Bypass US Sanctions on Lukoil

Iraq oil exports managed to remain stable despite U.S. sanctions imposed on Russia’s Lukoil, thanks to flexible marketing mechanisms that shielded crude flows f...

2025-12-13 Economy

Investment in Anbar Between Development and Allegations of Renewed Corruption

Debate continues in Anbar province over the trajectory of investment, as growing corruption cases linked to public asset management come to light. These issues...

2025-12-13 Energy

Air Pollution in Baghdad Reviewed as Government Orders Urgent Measures

Baghdad has recently experienced rising levels of air pollution, prompting the Iraqi government to hold a high-level meeting to examine the causes and assess th...

2025-12-13 Energy

West Qurna 2 Field at the Center of Iraq’s Invitation to U.S. Companies

Iraq’s Ministry of Oil is taking new regulatory steps to reinforce production stability, including issuing direct invitations to major U.S. oil companies to ent...

2025-12-13 Economy

Foreign Labor in Iraq Under Review as Recruitment Standards Tighten

The Iraqi government is moving to reassess policies governing foreign labor by tightening recruitment standards and linking work permits to actual market needs....

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