AGP Executive Report
Last update: 7 hours agoIraq’s Trade & Transport: Iraq logged 1,120 cross-border TIR freight trips in September, routing cargo via Ibrahim al-Khalil into Iraq and out through Safwan and Trebil, underscoring its role as a commercial corridor. UN Development Push: Baghdad and the UN formally launched the Sustainable Development Cooperation Framework 2025-2029, aligning UN programs with Iraq’s Vision 2030 and national development plans across jobs, governance, and climate resilience. Tech & Data Infrastructure: Iraq signed an MoU with Huawei to set up data centres and build international partnerships, announced during ITEX5-2026. Shipping Revival: Iraq’s national carrier Iraqi Line will resume Gulf shipping after a 50+ year gap, with the first voyage from Jebel Ali to Umm Qasr on Oct. 15. Energy & Budget Pressure: Iraq’s draft 2027 budget targets spending of 217T IQD (about $166bn) on an assumed $58 oil price, with a deficit around 40T IQD, as Hormuz disruptions push Iraq to seek alternative export routes. Regional Business Linkages: Reuters reports Chinese independent refiners are buying more Iraqi crude as Iranian supplies to China fall, with Basrah grades in demand.
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