Economy
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Iraq Fosters Energy Investment with New Economic Cities
In a bid to diversify Iraq’s economy and attract foreign investment in the energy sector, the National Investment Commission (NIC) held a preparatory meeting for the Specialized Economic Cities Initiative for Energy Services. The session, presided over by NIC Chairman Professor Dr. Haider Mohammed Makiya, underscored the strategic role of…
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Iraq’s Digital Payment System Sees Rapid Growth
His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, has reaffirmed the country’s commitment to digital transformation in the financial sector during the inauguration of the 9th Finance and Banking Services Exhibition and Conference. The event brought together key banks and payment companies operating in…
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Iraq and Switzerland: A New Era in Tax Cooperation
Iraq and Switzerland took a significant step towards enhancing economic cooperation by initialling an agreement to prevent double taxation and tax evasion on income and capital. The agreement was signed on Wednesday, 26 February 2025, and is expected to create a more favourable investment climate for businesses operating between the…
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NIC and IFC Discuss Iraq’s Economic Growth Plans
The National Investment Commission (NIC) held an expanded meeting on Monday, February 24th, with a delegation from the International Finance Corporation (IFC) to discuss strengthening collaboration in project financing, technical consultation, and investment promotion in Iraq. Discussions focused on mechanisms to improve Iraq’s business environment, including support for feasibility studies,…
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Economic Experts Debate Debt and Climate Finance Strategies
Minister of Finance Taif Sami emphasised the importance of regional and international cooperation in addressing economic challenges during her participation in the Ninth Arab Public Finance Forum. The event, held in Jumeirah, Dubai, was organised by the UAE Ministry of Finance in collaboration with the Arab Monetary Fund and the…
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Zero Paper Initiative Pushes Iraq’s E-Governance Forward
The Ministry of Finance, represented by its Government Procedures Simplification Team, took part in the annual conference of the Supreme Committee for Simplifying Government Procedures and Services, held at the Rashid Hotel in Baghdad. The delegation was led by the Director General of the Administrative and Financial Department, Mr. Sadiq…
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Tokyo, Baghdad Strengthen Financial Ties
Taif Sami Muhammad, Iraq’s Minister of Finance, met with Akira Endo, the newly appointed Japanese Ambassador to Iraq on the 30th of January. The meeting, which took place at the Ministry’s headquarters, focused on strengthening economic and financial cooperation between the two countries. Discussions highlighted the importance of applying Japanese expertise…
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Iraq Foundation Event: New Economic Opportunities for UK Investors
The Iraqi Foundation for Foreign Policy held its inaugural event on 21st November 2024 at the Palace of Westminster, London, focusing on Iraq’s economic development and opportunities for collaboration between Iraq and the United Kingdom. Mohammed al-Najjar, Advisor to the Iraqi Prime Minister on Investment Affairs and CEO of the…
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Green Economy at Heart of Iraq-UK Climate Deal
In a significant step towards strengthening bilateral relations and addressing global environmental challenges, Prime Minister Mohammed S. Al-Sudani met today with the United Kingdom’s Secretary of State for Foreign, Commonwealth and Development Affairs, Mr. David Lammy, at the Prime Minister’s residence in London. The high-level discussions revolved around expanding cooperation…
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UK-Iraq Partnership Focuses on Economic Growth Under Starmer
UK Prime Minister Keir Starmer and Iraqi Prime Minister Mohammed Shia’ Al Sudani have strengthened bilateral relations, focusing on economic growth and cooperation. “Today marks a new era in UK-Iraq cooperation, delivering mutual benefits across trade and defence as we work together for regional stability,” said PM Starmer. Jonathan Reynolds,…
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