Business
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Working Hours Index Under Review by Ministry of Planning.
Yesterday, The Ministry of Planning had announced that a meeting had happened to discuss how to better measure and record the average working hours of the Iraqi residents. The meeting was proposed by the Undersecretary for Technical Affairs, who stated that Iraq lacked the proper tools to properly measure estimated…
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New Initiatives Across Iraq Set to Boost Iraqi Entrepreneurship
In collaboration with both the Italian and Iraqi governments, the International Labour Organisation(ILO) has commenced a new project aimed at supporting young entrepreneurs in southern Iraq. This support comes alongside the implementation of two education programs into multiple cities in southern Iraq, mainly Basra and Muthanna. The programmes are called…
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Iraq-Italy Business Council Holds Meetings in Rome
The Iraq-Italy Business Council (IIBC) have recently held a series of meetings in Rome to discuss investment opportunities and bilateral cooperation. This comes amidst efforts to increase economic engagement between the two countries. On January 22, representatives of the IIBC as well as its President, Salar Omar Saleh, attended a…
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Minister of Finance Meets With World Bank Delegation
Iraq’s Minister of Finance met yesterday with the World Bank delegation for the Middle East and North Africa to discuss cooperation opportunities and economic reform in Iraq. With a shared vision of economic reform and expansion of major development programmes, Iraq’s visible commitment to streamlining banking procedures to create an…
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Iraq Invites Major US Oil Companies to Manage West Qurna-2 Field
The Iraqi Ministry of Oil has announced a strategic move to sustain national oil production and safeguard its steady flow to global markets by inviting several major American oil companies to participate in the management of the West Qurna-2 oil field. According to the Ministry, the process involves direct and…
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Iraq and Türkiye Forge $30 Billion Trade Agreement
Iraq and Türkiye are deepening their economic cooperation, setting their sights on boosting bilateral trade to $30 billion in the coming years. The ambitious goal, announced by Halit Acar, Chairman of the DEİK Türkiye–Iraq Business Council, reflects both nations’ growing commitment to regional connectivity and economic integration through major initiatives…
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KPMG Partners with Iraq to Strengthen Financial Transparency Efforts
Prime Minister Mohammad Al-Sudani met on Tuesday with representatives from KPMG, the global audit and financial consulting firm, to discuss the company’s ongoing cooperation with Iraq’s banking sector. The talks focused on enhancing transparency in financial operations and further consolidating Iraq’s international financial standing. During the meeting, Prime Minister Al-Sudani…
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Iraq Unveils $450 Billion Investment Opportunities for Growth
Prime Minister Mohammed S. Al-Sudani announced $450 billion in investment opportunities across multiple sectors during the Iraq Investment Forum in Baghdad, held in partnership with the Prime Minister’s Office, the National Investment Commission (NIC), and the Iraqi Economic Council (IEC). The two-day event showcased more than 160 projects aimed at…
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Iraq to Host Major Investment Forum in Baghdad
Baghdad is preparing to host a significant investment forum on September 27-28 at the Al-Rasheed Hotel, bringing together local and international investors to explore promising opportunities across Iraq’s key economic sectors. The event is part of the government’s broader strategy to attract investment, stimulate job creation, and support sustainable economic…
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Al-Sudani Launches Iraq Vision 2050 for Economic Transformation
Prime Minister Al-Sudani has officially launched Iraq Vision 2050, a long-term development plan aimed at reshaping the country’s economy, governance, and society. The launch ceremony on Saturday brought together senior officials, private sector leaders, diplomats, academics, and members of the media. The vision sets out five main goals: building a…
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