Journal of Economic, Finance Research and Review (JEFRR)

Artificial Intelligence and Its Impact in Iraq

Al-Khafaji, Dr Aladdin Mahmood Karin

20 June 2026 · Vol. 2, Issue 6, pp. 340-343

DOI: 10.65150/EP-jefrr/V2E6/2026-05

Abstract

Throughout history, technological changes have significantly influenced how people conduct business. The internet is one of the most recent examples of how businesses must adapt to stay successful in the market. Although the idea of artificial intelligence (AI) has existed since the 1950s, its impact on corporate governance has been largely overlooked. While the current developments in AI are not the first major shift and won't be the last, every industry has been affected. Whether in healthcare, education, manufacturing, or e-governance, AI is making a global impact. Research suggests that digital transformation is a challenging process for businesses. Transitioning from traditional methods to technology-based solutions often meets resistance from employees. Integrating AI into corporate governance can be seen as a form of digital transformation. This paper reviews the literature on how this transformation can happen within corporate governance and the factors that need to be considered. A qualitative research approach was used for this study. Data was collected through semi-structured interviews. A set of prepared questions ensured the discussion stayed on topic. Twenty interviews were conducted with twenty participants. These participants were divided into three groups: AI experts working in the private sector, senior corporate professionals, and public servants handling IT projects in the government. The participants' responses were analysed and presented in this paper. The analysis shows that the participants are cautiously optimistic about using AI in corporate governance. They recognize benefits such as transparency, accountability, and faster, unbiased decision-making. However, they also express concerns about a lack of regulations, the potential for misuse, ethical issues, and a shortage of skilled workers.

Read the full text on Journal of Economic, Finance Research and Review →The full peer-reviewed article and PDF are hosted on the journal's site (the version of record).

Al-Khafaji, & Dr Aladdin Mahmood Karin (2026). Artificial Intelligence and Its Impact in Iraq. Journal of Economic, Finance Research and Review, 2(6), 340-343. https://doi.org/10.65150/EP-jefrr/V2E6/2026-05

@article{AlKhafaji2026,
  title   = {Artificial Intelligence and Its Impact in Iraq},
  author  = {Al-Khafaji and Dr Aladdin Mahmood Karin},
  journal = {Journal of Economic, Finance Research and Review},
  year    = {2026},
  volume  = {2},
  number  = {6},
  pages   = {340-343},
  doi     = {10.65150/EP-jefrr/V2E6/2026-05},
  url     = {https://doi.org/10.65150/EP-jefrr/V2E6/2026-05}
}

← Back to all articles