🇮🇶 Iraq: market & economy news today

Asian stocks start week on back foot, tracking tech-led Wall St losses

Asian stocks mostly fell Monday as traders tracked a tech-heavy selloff on Wall Street that was fuelled by growing worries...

Iraqi Prime Minister and UK National Security Adviser review security and economic ties

Baghdad (IraqiNews.com) – Iraqi Prime Minister Ali Falih Al-Zaidi received British National Security Adviser Jonathan Powell in Baghdad on Sunday, October 18, 2026, to discuss expanding bilateral relations between Iraq

Iraq’s oil output hits 4.4 million barrels per day

Baghdad (IraqiNews.com) – Eco Iraq, a digital platform that analyzes economic, energy, and environmental data in the country, revealed on Saturday that oil production during September reached its highest daily

Central Bank of Iraq raises housing loan allocations to 3 trillion dinars

Baghdad (IraqiNews.com) – The Central Bank of Iraq (CBI) announced on Sunday, October 18, 2026, an expansion of its financial allocations supporting the national housing sector, increasing the designated lending

Central Bank of Iraq launches digital portal to exchange damaged currency

Baghdad (IraqiNews.com) – The Central Bank of Iraq (CBI) launched a new digital service on Sunday, October 18, 2026, enabling citizens to submit requests for the replacement of damaged and

IMF to accelerate talks with Iraq and Lebanon as Mena support grows

Iraq Faces $60 Billion Losses From US-Iran War

Iraq has suffered losses of around $60 billion since the outbreak of the Middle East war, largely due to a sharp decline in oil revenues caused by disruptions to shipping through the Strait of Hormuz, Iraqi Foreign Minister Fuad Hussein said during a meeting with his Italian counterpart in Rome.

Asian stocks rise as tech bounces from rout, Warsh upbeat on AI

Most Asian markets bounced Friday after the previous day's tech rout fuelled by concerns over the AI boom, which Federal Reserve boss Kevin Warsh said offered...

Iraq parliament approves al-Zaidi’s cabinet amid growing economic concerns

Iraq's parliament has finalised key minister appointments five months after al-Zaidi's government took office.

UniCredit says receives ECB green light for Commerzbank takeover

The European Central Bank has authorized the takeover of Germany's Commerzbank AG by UniCredit, the Italian bank said Thursday, calling it an "important milestone" that...

US dollar exchange rate slightly rises against Iraqi dinar

Baghdad (IraqiNews.com) – The exchange rate for the US dollar against the Iraqi dinar experienced a slight increase on Thursday in both Baghdad, the Iraqi capital, and Erbil, the capital

BP to help Iraq produce 450,000 barrels per day from Kirkuk oilfields

Baghdad (IraqiNews.com) – The development plan for four oilfields in northern Iraq has entered a new phase, a move aiming to support Baghdad’s efforts to increase oil production capacity to

Iraq devalues dinar to ease cash crunch, leaving traders in limbo

The government hopes a weaker dinar will help pay salaries, but traders face rising import costs and uncertainty.

Iraq to continue economic, financial reforms

Baghdad (IraqiNews.com) – Iraqi Finance Minister Faleh Sari reaffirmed on Wednesday Iraq’s commitment to continuing economic and financial reforms, diversifying revenue sources, and strengthening the role of the private sector.

Iraq’s Oil Minister joins OPEC+ and global energy talks in Riyadh

Baghdad (IraqiNews.com) – Basim Mohammed Khudair, Iraq’s Minister of Oil, attended a series of high-level energy meetings in Riyadh, including OPEC+ consultations and international ministerial talks on oil market stability,

Iraq’s Prime Minister arrives in Riyadh for major Saudi visit amid escalating regional war

Riyadh (IraqiNews.com) – Iraqi Prime Minister Ali Al-Zaidi arrived in Saudi Arabia’s capital, Riyadh, on Wednesday for a high-level visit aimed at boosting ties between Baghdad and Riyadh, as the

Iraq waives customs duties on food and medicines

Baghdad (IraqiNews.com) – The Iraqi Council of Ministers ratified an executive decision on Tuesday, October 13, 2026, granting blanket customs tariff exemptions on all imported food commodities and pharmaceutical products.

Iraq’s Finance Minister meets IMF leaders in Bangkok over economic challenges

Baghdad (IraqiNews.com) – Iraq’s Finance Minister Falih Al-Sari met with top International Monetary Fund officials in Bangkok as the government confronts mounting economic strain from the regional conflict and disruptions

Iraq’s crude oil exports jump to 2.7 million barrels per day

Baghdad (IraqiNews.com) – Iraq’s crude oil exports have reached approximately 2.7 million barrels per day, according to Salim al-Rikabi, the spokesperson for the Iraqi Oil Ministry. Al-Rikabi told the state-run

Asian markets mixed as tech firms claw back some losses

Asian stocks stuttered Wednesday as investors fought to claw back the previous day's steep tech losses, with focus turning to US inflation data and upcoming...

Advanced economies must ‘act now’ to lower debt as bond yields spike: IMF

The International Monetary Fund on Wednesday called for advanced economies to "act now" to address ballooning debt, with spiking bond yields at multi-decade highs and pressure growing on...

Goldman Sachs profits jump as CEO says no plans to exit

Goldman Sachs reported higher third-quarter profit on Tuesday, sending shares higher as CEO David Solomon said there were no plans...

IMF projects Iraq’s economy to contract by 16% in 2026

Baghdad (IraqiNews.com) – The International Monetary Fund (IMF) forecasts a 16 percent contraction in Iraq’s real GDP in 2026, followed by a 19 percent growth in 2027, according to statistics

‘No choice’: IMF says developing countries must cut spending despite war shock

The International Monetary Fund warned on Tuesday that while low-income developing countries were dealing with the disproportionate impacts of the Iran war-fuelled energy shock, many had "no choice" but to...

IMF upgrades 2026 growth forecast but warns of ‘split’ outlook

The International Monetary Fund on Tuesday forecast global growth in 2026 would slow less than previously expected because of advanced economies' "resilience" in the face of war-fuelled energy prices, but warned low-income...