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Iraq Moves Basrah Crude Outside Hormuz as Export Pressure Mounts

Iraq is exploring a new way to ship Basrah crude without relying on the Strait of Hormuz. Basrah crude exports now face continued pressure from disruptions...

Iraq Ranks 76th Globally in 2026 GDP-PPP Ranking

Iraq ranked 76th globally in a 2026 ranking based on GDP per capita and purchasing power parity. The country recorded GDP-PPP per capita of...

Iran Seeks $11 Billion in Iraq as Trade Talks Expand

Iran’s central bank governor has arrived in Baghdad to discuss major financial and trade issues with Iraqi officials. Abdolnaser Hemmati leads a high-level economic...

Iraq Opens Gas Processing Plant at Faihaa Oil Field

Iraq has opened a new central gas processing plant at the Faihaa oil field in Basra. The facility marks another step in Baghdad’s efforts...

Baghdad and Erbil Move Toward Unified Digital Customs System

Baghdad and Erbil have agreed to adopt a unified digital customs system across Iraq’s border crossings. The agreement includes an equal sharing arrangement for...

Iraq Customs Revenue Reaches 2.5 Trillion Dinars in Seven Months

Iraq’s customs revenue growth has accelerated sharply during 2026, reaching 2.5 trillion Iraqi dinars in seven months. The amount equals the country’s total customs revenue for...

US Dollar Slips in Baghdad and Erbil as Dinar Gains Slightly

The dollar exchange rate in Iraq edged lower on Thursday morning in both Baghdad and Erbil. The US currency traded around 152,500 dinars per $100 in...

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