Economy
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Iraq Showcases Investment Opportunities at Paris Summit
Iraq participated in the fifth economic summit of the Arab-French Chamber of Commerce, held in Paris, showcasing its potential as a strategic partner for investment and economic collaboration. The event brought together officials, investors, and business leaders to discuss opportunities and foster closer ties between Arab nations and France. Dr.…
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Iraq and ADX Focus on Capital Market Integration
During an official visit to Abu Dhabi, Faisal Al-Haimus, Chairman of the Iraqi Securities Commission, met with Abdullah Salem Al-Nuaimi, CEO of the Abu Dhabi Securities Exchange (ADX), to discuss enhancing cooperation between the Iraq Stock Exchange (ISX) and ADX. This collaboration is aimed at boosting the efficiency of both…
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New Currency Options Open for Iraqi Trade Financing
Iraq’s Central Bank has introduced a broader range of currencies for financing international trade. In addition to the US dollar, Iraqi banks can now engage in transactions using the Jordanian dinar, Saudi riyal, and euros for trade with Turkey. Previously, financing via euros was only permitted for transactions with European…
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NIC Takes Steps to Facilitate Investment in Iraq
On Sunday, December 15, 2024, the National Investment Commission (NIC) held its ninth regular meeting, chaired by Professor Dr. Haider Muhammad Makiya. The meeting focused on a number of important topics aimed at improving Iraq’s investment environment and supporting economic growth. One of the main topics discussed was the investment…
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World Bank Supports Iraq’s Economic Reform Agenda
Minister of Finance Taif Sami Mohammed met with the World Bank’s representative in Iraq, Mr. Jean-Christophe Carré, to discuss strengthening cooperation to support development projects and economic reforms. The meeting, held in Baghdad on Tuesday, centred on aligning joint efforts to advance Iraq’s financial and economic priorities. Minister Sami reaffirmed…
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Fitch Rates Iraq at ‘B-‘, With a Stable Outlook
Fitch Ratings has affirmed Iraq’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘B-’ with a Stable Outlook. This decision highlights several positive developments despite challenges in Iraq’s economy. Oil Production Growth: Iraq is expected to see an increase in oil production, reaching 4.28 million barrels per day (mmbbl/d) in 2025…
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Iraq and Japan Sign $380M Basrah Refinery Loan
Iraq’s Minister of Finance, Taif Sami Mohammed, signed a significant loan agreement with the Japan International Cooperation Agency (JICA) to fund the sixth phase of the Basra Refinery Development Project. The signing ceremony, held at the Ministry of Finance headquarters, was attended by Japan’s Ambassador to Baghdad, Matsumoto Futoshi, and…
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New Committee Targets Women’s Empowerment in Politics and Economy
The Implementation Committee for Iraq’s National Strategy for Iraqi Women (2023-2030) convened its inaugural meeting at the Ministry headquarters, underscoring the critical role of women within Iraqi institutions and initiatives aimed at elevating their contributions across society. The session, led by Mr. Sadiq Huwaidi Abbas, Director General of the Administrative…
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World Bank Supports Iraq’s Reform Strategies with $3.6M Funding
The Ministry of Planning convened a meeting on Monday with the Iraq Reform, Recovery, and Reconstruction Fund team from the World Bank to discuss the proposed advisory services project document. The aim was to support the implementation of selected reform strategies, with the meeting attended by key officials such as…
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Promoting Integrity, Transparency, and Honesty
The Ministry of Finance, in collaboration with the Integrity Commission and the Financial and Accounting Training Center, recently hosted an educational seminar aimed at promoting a culture of integrity, transparency, and honesty within Iraq’s public sector. The seminar, titled The Role of Transparency in Combating and Preventing Corruption, focused on…
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