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Economy

Iraq Discusses Economic Cooperation with European Investment Bank

Iraqi Minister of Foreign Affairs Fuad Hussein met with European Investment Bank (EIB) Vice President Gelsomina Vigliotti in Luxembourg to discuss ways to strengthen...

Iraq Celebrates National Entrepreneurship Day to Empower Youth

Iraq has officially designated 4th March as National Entrepreneurship Day, the government announced. Prime Minister Mohammed Shiaa Al-Sudani emphasized the importance of entrepreneurship for...

Dollar Prices Rise in Baghdad and Erbil Markets

The US dollar exchange rate in Iraq climbed higher on Monday as trading opened in Baghdad and Erbil. The increase reflects ongoing pressure in local currency...

Iraq Expands Fleet as Iraqi Airways Nears Return to EU Skies

Iraq’s national airline, Iraqi Airways, is moving closer to flying again in European skies. The country’s aviation sector is undergoing major modernization to meet the...

USD/IQD Exchange Rates Steady in Baghdad, Slight Decline in Erbil

The US dollar remained steady in Baghdad, while Erbil recorded a slight decline. This reflects minor regional differences in Iraq’s currency markets. Central exchanges in...

Iraq Grand Faw Port Nears Operation with Major Projects Completed

Iraq’s Grand Faw Port is moving closer to full operation as construction rapidly advances. The massive port project in Basra represents one of the country’s most...

Iraq’s Forex Reserves Drop Below $95 Billion Amid Economic Pressures

Iraq’s central bank (CBI) reported that the country’s foreign forex currency reserves have declined to just under $95 billion, reflecting ongoing fiscal pressures and...

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