Economy
-
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…
Watch -
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…
Watch -
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…
Watch -
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…
Watch -
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…
Watch -
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…
Watch -
Iraq Pushes for Full Electronic Payment Transition by 2025
In alignment with Iraq’s ongoing financial and economic reform agenda, Prime Minister Mohammed S. Al-Sudani has directed the government to implement key initiatives aimed at advancing and modernising electronic payment systems and services across the country. This move comes as part of broader efforts to streamline economic processes, reduce reliance…
Watch -
Iraq, Spain Commit to Economic and Trade Growth
During the thirteenth session of the Iraqi-Spanish Joint Committee, hosted in Baghdad, Iraq’s Minister of Transport, Mr. Razzaq Muhaibis Al-Saadawi, announced a successful round of discussions, underscoring Iraq’s commitment to economic openness and international cooperation. This meeting highlighted Iraq’s drive to bolster its economic and trade ties globally under the…
Watch -
Arab-Turkish Economic Forum Sparks New Pathways for Investment
Iraq’s Finance Minister, Taif Sami, participated in the 15th Arab-Turkish Economic Forum, held in Istanbul, alongside government officials, business leaders, investors, and Arab finance ministers. The forum aimed to strengthen economic and investment ties between Arab countries and Turkey, focusing on key sectors such as energy, infrastructure, manufacturing, and technology.…
Watch -
Iraq’s Reforms Noted in World Bank Report
On Thursday, 3rd October, the World Bank released its “Business Ready 2024 (B-READY)” report, which spotlighted Iraq’s significant progress in enhancing its business environment. The report focused on key developments in regulatory reform, public services, and operational efficiency, indicating a major transformation as Iraq becomes a more appealing destination for…
Watch