
Iraq ranks fourth globally in Turkish property purchases in early 2025
Shafaq News/ Iraqi citizens purchased more than 340 houses in Turkiye during the first four months of 2025, according the Turkish Statistical Institute (TURKSTAT).
The institute stated that Iraqis bought 344 residential units between January and April, ranking behind buyers from Russia (1,055 houses), Iran (576), and Ukraine (424).
Monthly breakdowns showed Iraqis bought:
• 103 houses in January
• 99 in February
• 72 in March
• 70 in April
The total marked a 2.69% increase compared to the same period in 2024, when Iraqis purchased 335 properties.
Once the top foreign buyers of Turkish real estate since 2015, Iraqis dropped to second place after Iran in early 2021, third in April 2022 amid a surge in Russian demand, and now rank fourth as of early 2025.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Shafaq News
an hour ago
- Shafaq News
Oil up as market watches US-China trade talks
Shafaq News/ Oil prices climbed on Tuesday as investors awaited the outcome of U.S.-China talks that could pave the way for easing trade tensions and improve fuel demand. Brent crude futures rose 28 cents, or 0.4%, to $67.32 a barrel by 0330 GMT. U.S. West Texas Intermediate crude was up 23 cents, or 0.4%, at $65.52. On Monday, Brent had risen to $67.19, the highest since April 28, buoyed by the prospect of a U.S.-China trade deal. U.S.-China trade talks were set to continue for a second day in London as top officials aimed to ease tensions that have expanded from tariffs to rare earth curbs, risking global supply chain disruptions and slower growth. Prices have recovered as demand concerns have faded with the trade talks between Washington and Beijing and a favourable U.S. jobs report, while there are risks to North American supply due to wildfires in Canada, Goldman Sachs analysts said. U.S. President Donald Trump said on Monday that the talks with China were going well and he was "only getting good reports" from his team in London. A trade deal between the U.S. and China could support the global economic outlook and boost demand for commodities including oil. Elsewhere, Iran said it would soon hand a counter-proposal for a nuclear deal to the U.S. in response to a U.S. offer that Tehran deems "unacceptable", while Trump made clear that the two sides remained at odds over whether the country would be allowed to continue enriching uranium on Iranian soil. Iran is the third-largest producer among members of the Organization of the Petroleum Exporting Countries and any easing of U.S. sanctions on Iran would allow it to export more oil, weighing on global crude prices. Meanwhile, a Reuters survey found that OPEC oil output rose in May, although the increase was limited as Iraq pumped below target to compensate for earlier overproduction and Saudi Arabia and the United Arab Emirates made smaller hikes than allowed. OPEC+, which pumps about half of the world's oil and includes OPEC members and allies such as Russia, is accelerating its plan to unwind its most recent layer of output cuts. "The prospect of further hikes in OPEC supply continues to hang over the market," Daniel Hynes, senior commodity strategist at ANZ, said in a note. "A permanent shift to a market driven strategy (in OPEC) would push the oil market into a sizeable surplus in H2 2025 and almost surely lead to lower oil prices."


Iraq Business
7 hours ago
- Iraq Business
EU Maintains Flight Ban on Iraqi Carriers
By John Lee. The European Union (EU) has confirmed it will maintain operational restrictions on Iraqi air carriers following a technical review that found insufficient progress in the country's aviation safety oversight capabilities. Iraqi Airways and Fly Baghdad remain on the EU's banned carrier list, with both airlines subject to operating restrictions imposed in December 2015 and November 2023 respectively under Commission regulations. The decision follows a technical meeting held on 23 April 2025 between the European Commission, the European Union Aviation Safety Agency, member states and the Iraqi Civil Aviation Authority (ICAA). During discussions, Iraqi officials presented updates on legislative and regulatory framework improvements alongside oversight performance enhancements. The ICAA outlined ongoing efforts including personnel recruitment, training initiatives and drafting of updated national aviation regulations. However, European officials noted these measures remain in early implementation stages with significant concerns persisting over timing, consistency and alignment with international safety standards. Critical reforms including adoption of revised primary aviation law and strengthening of safety oversight systems remain incomplete without verifiable outcomes, according to the assessment. The planned Union on-site assessment visit scheduled for September 2025 has been deemed premature given the need for further demonstrable progress across core aviation safety oversight areas. Under current arrangements, EU member states must continue prioritising ramp inspections of all Iraqi-certified carriers to verify compliance with international safety standards. The Commission stated it would take further action if safety information reveals imminent risks from non-compliance with international standards. The restrictions affect commercial operations within European airspace, maintaining safety protocols established under EU aviation safety regulations. Full statement from European Union. (Source: EU)


Iraq Business
7 hours ago
- Iraq Business
Iraq offers support for Lebanese Investors and Workers
By John Lee. Iraq's Minister of Labour and Social Affairs, Mr Ahmed Al-Asadi, has confirmed his country's readiness to provide all possible facilitation for Lebanese workers in Iraq, provided that they comply with legal procedures designed to ensure their rights and protection. The remarks were made during a meeting with Lebanon's Minister of Labour, Dr Mohammad Bahjat Haidar, on the sidelines of the 113th session of the International Labour Conference in Geneva. The two ministers discussed ways to enhance bilateral cooperation, particularly in investment and encouraging Lebanese business owners to return to invest in Lebanon. Mr Al-Asadi acknowledged the impact of Lebanon's economic crisis on capital flows, especially in light of past failures in the banking sector. However, he affirmed Iraq's commitment to supporting Lebanon's economic recovery by encouraging Iraqi investors to explore opportunities there. He described investment as fundamental to national development, noting that Iraq has seen significant investment-driven growth over the past two to three years. On the subject of foreign and Arab workers in Iraq, Al-Asadi highlighted concerns about the large number of workers entering the country illegally. He stated that Iraq's Council of Ministers has issued a decision to regularise the status of such workers, enabling them to obtain residency and register with the Ministry of Labour. This step ensures their eligibility for legal wages, social security registration, and broader labour rights. The Minister reiterated Iraq's openness to Lebanese labour, stressing the importance of legal registration as a guarantee for protection and rights. (Source: Ministry of Labour and Social Affairs)