Latest Economy News

Baghdad (IraqiNews.com) – The financial advisor to the Iraqi Prime Minister, Mazhar Salih, confirmed on Thursday that a possible agreement could be reached with Iran to use foreign currencies other than the US dollar to settle commercial transactions between the two countries. Saleh said that the use of an international means of payment other than the US dollar and a transpa

Baghdad (IraqiNews.com) – Amid efforts to address the overcrowding crisis in major Iraqi cities and the enormous pressure it creates on infrastructure and services, the Iraqi Minister of Construction, Housing and Public Municipalities, Bangen Rekani, revealed that the designs of more than 20 new residential cities have been completed. During his speech at the ministry’s firs

Chamber’s investigations committee is targeting the PIF after refusing to voluntarily comply with requests for disclosure Stephanie Kirchgaessner in Washington   Saudi Arabia’s $700bn sovereign wealth fund – which has been used as a lever of global influence by Crown Prince Mohammed bin Salman – has been subpoenaed by a powerful Senate committee after it refused t

Chinese companies have implemented power projects totalling 6,200 MW in Iraq Staff Writer, Zawya Projects China is in talks with the Iraqi government to establish 10 power stations in central and southern Iraq, the Commercial Advisor at the Chinese Embassy Shi Chun told Iraqi News Agency. More than 20 Chinese companies are discussing new projects in Iraq…they include t

Market to Expand by 5.5% in Real Terms this Year - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Forecast to 2027 The construction industry in Iraq is expected to expand by 5.5% in real terms this year, and register an annual average growth of 5% from 2024 to 2027, supported by ongoing work on various stalled infrastructure proje