Prime Minister Calls on U.S. Banks to Enter Iraqi Market
Prime Minister Ali Faleh Al-Zaidi called on U.S. banks and financial institutions to participate in building a new economic future for Iraq, stressing that the entry of American banks into the Iraqi market could support the development of the country’s banking sector and strengthen its integration with the global financial system.
Read Full AnalysisIQD 51 Billion Recovered for Rafidain Bank
The Al-Rusafa Investigation Court, which specializes in integrity and money laundering cases, announced the recovery of IQD 51 billion for Rafidain Bank.
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Central Bank of Iraq Confirms Adequacy of Foreign Currency Reserves
The Central Bank of Iraq (CBI) has confirmed that the country’s foreign currency reserves are sufficient to meet demand for foreign currency and finance foreign trade through approved purposes and channels.
Insurance Premiums in Iraq Rise by 11%
The Insurance Bureau reported that total gross written premiums by insurance companies operating in the Iraqi market increased by 11% during the second quarter of 2026, compared with the same period in 2025.
Iraqi Interior Ministry Arrests 249 Electronic Fraud Suspects and Shuts Down Over 4,890 Fake Pages
The Iraqi Ministry of Interior announced that it is continuing its efforts to combat electronic fraud, confirming the arrest of 249 suspects and the closure and blocking of more than 4,890 fake pages and accounts since the beginning of the year. The ministry also urged citizens to remain vigilant and avoid sharing their banking information or confidential security codes.
Al-Rasheed Bank Introduces Quarterly Interest Payments on Fixed Deposits
Al-Rasheed Bank has announced the adoption of a new mechanism for paying interest on fixed deposits held by private-sector customers, including individuals, on a quarterly basis.
Rafidain Bank Records 80% Growth in Electronic Collections in One Month
Rafidain Bank announced significant growth in electronic collection operations during August 2026, reporting that the value of settlements processed for government departments and institutions exceeded IQD 1.35 trillion.
Iraq Stock Exchange Records Trading Value of More Than IQD 2 Billion
Data from the Iraq Securities Commission showed that the Iraq Stock Exchange (ISX60) Index closed the September 14 trading session at 971.16 points.
Iraq Expands Digital Transformation in Government Telecommunications Services
Iraq’s Minister of Communications, Mustafa Sanad, discussed with Taurus Arm plans to expand the government’s secure LTE network project, with the aim of providing government institutions across Iraq with safer and more efficient telecommunications services.
Electronic Update of Retirees’ Data Launched Through Iraq’s Ur Platform
The National Pension Authority has launched an online service allowing retirees to update their personal information through the government’s Ur Platform, as part of efforts to simplify procedures and expand the use of digital government services.
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Deep dives into the Iraqi financial ecosystem.
Analysis
August 25, 2026FinTech in Iraq… A Step Toward a Future Beyond Keeping Money Under the Mattress
From government employees’ salaries to the small trader’s market stall, financial technology has entered the homes of Iraqis, even as many still count their money in cash and keep it tucked away under the mattress or in their pockets as a precaution against unexpected emergencies.
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Analysis
August 24, 2026SuperQi Leads Iraq’s Digital Wallet Market: More Than 21 Million Users Reinforce Qi Card’s Leadership in Electronic Payments
Iraq’s transition toward a digital economy is accelerating as the use of digital wallets and financial applications continues to expand. At the forefront of this transformation is SuperQi, the super app operated by Qi Card, which has emerged as one of the largest and most widely used digital payment and financial services platforms in the Iraqi market.
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Analysis
August 14, 2026An Analysis of the Investment Environment for Fintech Startups in Iraq and the Factors Limiting Their Growth
While the Middle East and North Africa (MENA) region is witnessing significant growth in funding for fintech startups, Iraq still lags relatively behind in attracting this type of investment compared with regional markets such as Saudi Arabia, the UAE, Egypt, and Jordan.
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Analysis
August 9, 2026The State of FinTech in Iraq in 2026 — Between Promising Opportunities and Existing Challenges
Iraq’s FinTech sector has undergone a notable transformation in recent years. For decades, the Iraqi economy relied heavily on cash-based transactions. Today, digital payment companies and platforms are expanding across major cities, benefiting from the growing penetration of smartphones and 4G and 5G networks, alongside increasing support from the Central Bank of Iraq for financial inclusion initiatives.
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