August 24, Iraq’s National Investment Commission revealed that it developed a plan to attract new investments worth $250 billion over the next two years. The spokesperson said that the Iraqi government’s supporting investment policies, as well as legislative and regulatory reforms, have resulted in Arab and international investments totaling over $100 billion in different sectors in the past two years.

August 21, Iraq has been named one of China’s top 20 trading partners for 2024, with a total trade volume reaching approximately $54.2 billion, according to a recent report from S&P Global. The two nations accounts for 20.5% of Iraq’s Gross Domestic Product (GDP).

August 10, The report of the Iraqi Foundation for Future Economic Research and Consultancy states that in the first half of this year, the number of cars directly exported from China to Iraq increased to 18,000, compared with 10,500 in the first half of 2024, representing a 71.4% increase.  

August 10, Iraq has emerged as the third-largest Arab importer of solar panels from China during the first half of 2025. This ranking is attributed to the launch of numerous new solar energy projects across the country.

August 7, Iraq has released a new five-year development plan aimed at lowering unemployment and increasing diversification to enhance economic growth. The spokesperson for the Iraqi Planning Ministry stated that the 2024-2028 plan intends to reduce unemployment to 10% from the present 13%, with an annual economic growth rate of 4.24%.

July 26, The Iraqi car market is witnessing a dramatic shift, with Chinese vehicle sales soaring by an impressive 80% in the first half of 2025 compared to the same period last year. Over 18,000 cars from China have been imported into the country during this period, significantly up from approximately 10,000 units sold in the first half of 2024.

July 24, China’s direct exports to Iraq witnessed a notable increase in the first half of 2025, growing by 9.3% compared to the same period in 2024, and by 13.2% from the second half of 2024. Machinery and electrical equipment led the exported goods, accounting for 23% of total exports with a value of $2.1 billion. 

July 23, Deputy Oil Minister said that the ministry continues to increase solar energy projects to reach a production capacity of 12,000 megawatts by 2030. Iraq’s electricity shortage, one of the main issues facing the current government, may be strategically resolved with solar energy. 

July 19, A surge in public spending due to high wages to public servants has made Iraq's economy more vulnerable, the International Monetary Fund said. The economy of Opec’s second largest oil producer is facing considerable headwinds, with the non-oil sector growth slowing from 13.8% in 2023 to an estimated 2.5% in 2024.

June 24       Iraq ranked 147th globally and 19th among Arab countries on the 2025 Global Peace Index, according to a new report published by the Institute for Economics and Peace. The index evaluates peace levels across 163 countries based on three key dimensions: societal safety and security, the extent of ongoing domestic and international conflict, and the degree of militarization. 

June 14      Iraq and Syria reopened the main border crossing for travellers and goods on Saturday, Iraqi authorities announced. The move is the latest sign of warming relations between Baghdad and Damascus, after months of strained ties following the ousting of the Bashar Al Assad regime from Syria.

May 23        As of 2025, Baghdad has ascended to the 43rd position among the world's most populous cities, with a metro area population of approximately 8.06 million. This growth places Iraq's capital ahead of regional counterparts such as Riyadh, Saudi Arabia (7.7 million), and Alexandria, Egypt (5.7 million).

May 12       Iraq is witnessing a significant upswing in business activity, with current investment spending across various sectors reaching approximately 88 trillion Iraqi dinars, a key factor in a 35% boost to the nation's annual GDP. 

May 18         The Iraqi car market experienced robust growth of 24.1% in the first quarter of 2025, continuing its impressive upward trajectory from previous years. A significant shift saw Kia emerge as the top-selling brand, overtaking Toyota.

May 12         Iraq's Ministerial Council for Economy convened to discuss key economic initiatives, including the government’s poverty reduction strategy and enhancing inter-regional cooperation. The Council reviewed a Ministry of Planning report highlighting a decrease in Iraq’s poverty rate from 20.5% in 2018 to 17.6% in 2024, and a drop in unemployment from 16.5% in 2021 to 13.4% in 2024.

April 21, The GDP of five Arab countries—UAE, Saudi Arabia, Egypt, Iraq, and Algeria—exceeds $3.6 trillion, accounting for 72% of the region's total GDP. 

April 21, To enhance international logistics and trade cooperation, Iraq launched the TIR global transit system starting from April 1st of this year. This move aims to establish Iraq as a trade hub in the Middle East.

April 19, In a strategic move to boost its industrial sector, Iraq's Ministry of Industry and Minerals has signed an agreement with SEPCO Electric Power Construction Corporation (SEPCO), a leading Chinese state-owned company. The partnership aims to develop a major industrial city in the Karbala Governorate.

April 3, The initial master plan for Al-Ward City (also referred to as Ali Al-Wardi City), envisioned as one of the world's largest new green cities, has been officially revealed. The massive project is planned for the Nahrawan area, 25 km south-east of central Baghdad.