AGP Executive Report
Last update: 7 hours agoQatar-Iraq Investment: The two countries’ business chambers agreed to form a joint council and review about 60 Development Road investment opportunities worth an estimated $250 billion, spanning logistics, manufacturing, energy, agriculture and other sectors. Currency Pressure: Iraq has reset the official dollar rate to 1,500–1,520 dinars, but the market rate has climbed above 1,700, raising concerns about import costs and consumer prices as oil revenues and foreign reserves come under strain. Oil Export Routes: Iraq is moving crude through the Strait of Hormuz by tanker and plans to buy more tankers, while its state shipping line is preparing to resume Gulf operations after a 50-year break. A proposed Iraq-Syria oil pipeline could begin construction in early 2027, adding another potential export route. Regional Trade: Turkey says Iraq’s Development Road could grow into an $80 billion energy corridor, linking transport infrastructure with regional energy flows.
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