Economy
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Iraq Warns of Economic Risks from Regional Tensions
Iraq has raised concerns about the potential economic and security impact of rising regional tensions following recent diplomatic talks with the European Union. Fuad Hussein, Iraq’s Deputy Prime Minister and Minister of Foreign Affairs, met Klemens Semtner, head of the European Union Mission to Iraq, to discuss developments in the…
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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 to Improve Security Measures at Umm Qasr Port After Meeting with Ports Manager
Iraq’s General Company for Ports’ manager, Dr. Farhan Al-Furtousi, met yesterday March 4th with leaders from the army, police, and intelligence services in the Basra Governorate to review security plans for ports on the Persian Gulf. Umm Qasr Port is Iraq’s primary seaport, it is located on the western edge…
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IBBC Holds Baghdad Iftar Despite Air Travel Restrictions
The Iraq Britain Business Council (IBBC) has held a Ramadan Iftar for its members in Baghdad. The event, hosted at the illustrious Qasr Aliya Restaurant, was sponsored by the Iraqi holding company Rowad Al Qimmah Company (RQC). Despite the air travel restrictions imposed across the region, the Iftar was well…
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Iraqi Maritime Crews Ensure Safe Operations on Shipping Routes
The Iraqi Maritime Authority has confirmed that Iraqi vessels and their crews remain safe despite esclating regional conflict affecting key international shipping routes. Ahmed Jassim Al-Assadi, Director General of Marine Transportation, stated that all ships are fully monitored and emergency plans are in place to ensure the highest levels of…
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MoneyHash and Wayl Partner to Expand Iraq Payments
Payment orchestration platform MoneyHash has partnered with Iraqi fintech company Wayl to support global and regional businesses expanding into Iraq’s growing digital commerce sector. The partnership aims to simplify market entry by enabling merchants to access local payment methods alongside international card schemes through integrated payment infrastructure tailored to Iraqi…
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Baghdad on Course for Economic Boost After Opening of Iraq Mall
The brand new Iraq Mall was opened earlier this week, establishing the foundations for an economic boost across Iraq, particularly in Baghdad. The opening is setting an important commercial milestone in the capital Baghdad. In this mall multiple fashion brands, both national and international, have opened stores making it a…
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The GCLT Concludes Rice Shipments to Ministry of Trade
The General Company for Land Transport (GCLT), a department of the Iraqi Ministry of Transport, has stated that its truck fleet has transported over 5000 tons of rice to Ministry of Trade warehouses. Through this effort, the Ministry of Transport has observed its obligations to the Ministry of Trade as…
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ILO Supports Iraq Plan for Inclusive Economic Model
Iraq has formally begun drafting its first National Social and Solidarity Economy (SSE) Policy, supported by the International Labour Organization (ILO) under the PROSPECTS Partnership. The policy is aimed at expanding employment, supporting vulnerable groups and diversifying Iraq’s economic model, prioritising social benefit alongside profit-driven market activity. The initiative follows…
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