Sat. PM KTFA News Articles from Iraq 2-7-26

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Clare » February 7th, 2026

S&P affirms Iraq’s credit rating with a stable outlook

2/7/2026 – Baghdad

Standard & Poor’s (S&P) credit rating agency has affirmed Iraq’s credit rating at B-/B with a stable outlook.

According to a previous World Bank report, Iraq remains committed to pursuing stability and sustainable growth, despite the significant challenges it has faced in recent years, including the war against t*******m and economic fluctuations.

The government has focused on rebuilding infrastructure, improving public services, and pushing forward economic reforms, supported by international partnerships aimed at promoting sustainable development and human capital development.

The World Bank noted that Iraq’s oil-based growth model has been a major source of economic instability, limiting its ability to achieve stable growth and sustainable development. Continued reliance on oil revenues makes the Iraqi economy more vulnerable to risks amid the accelerating global shift towards reducing carbon emissions.

The bank explained that Iraq is among the countries most exposed to the effects and shocks of climate change, both in terms of physical risks, such as rising temperatures, water scarcity and extreme weather events, and in terms of financial vulnerabilities that exacerbate these challenges. (LINK)

Trade Bank of Iraq: Plan to increase the number of branches to 70

2/6/2026 – Baghdad:

The Trade Bank of Iraq (TBI) announced on Friday a plan to increase its number of branches to 70.

TBI Chairman Bilal al-Hamdani stated, according to the official news agency, that “the bank has prepared a plan to increase the number of its branches over the next five years, aiming to reach more than 70 branches within Iraq.” He explained that “the opening of new branches necessitates securing staff and funding.”

He also noted that “the bank is currently working on opening branches outside Iraq, including in Saudi Arabia, Abu Dhabi, and the United States.

The opening of branches in England and Brazil is pending approval from the bank’s board of directors,” adding that “these countries have existing business dealings with Iraq.”

He confirmed that “a branch in Saudi Arabia will be opened next June.” (LINK)

Source: Dinar Recaps

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