Economy
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Iraq’s Communications Minister Visits Azerbaijan to Strengthen Cooperation
Minister of Communications, Dr Hayam El-Yasri, Chairman of the Iraqi-Azerbaijani Joint Committee, arrived in the Republic of Azerbaijan on an official visit to follow up on the implementation of bilateral agreements and memoranda of understanding between the two countries. The visit aims to strengthen the strategic partnership across economic and…
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IBBC-BCCT Webinar Highlights Iraq’s Investment Opportunities
The Iraq Britain Business Council (IBBC), in collaboration with the British Chamber of Commerce in Turkey (BCCT), held a high-level online webinar titled “Doing Business in Iraq”, spotlighting emerging investment opportunities and the country’s evolving business landscape. The session gathered business leaders, investors, and economic experts to discuss key sectors,…
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Iraq Signs UNIDO–Qatar Programme to Boost Industrial Development
Iraq has signed the UNIDO–Qatar Country Programme for 2026–2030, aimed at advancing sustainable and inclusive industrial development. The agreement was signed by Minister of Industry and Minerals Khalid Battal Al-Najm and United Nations Industrial Development Organization (UNIDO) Director-General Gerd Müller on the sidelines of the UNIDO conference currently taking place…
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Iraq Oil Exports Reach $7 Billion October
The Ministry of Petroleum has announced the final statistics for Iraq’s oil exports and revenues for November, according to data from the Iraqi Oil Marketing Company (SOMO). During the month, Iraq exported a total of 110.9 million barrels of crude oil, generating revenues of more than $7.03 billion. Exports from…
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Ooredoo’s $500M Cable Push Elevates Iraq’s Digital Role
The Qatari telecommunications company Ooredoo is set to invest over US$500 million in new international cable projects linking Oman, Iraq, Turkey, and Europe, positioning Iraq as a strategic digital hub. The company’s CEO, Aziz Al-Uthman Fakhroo, told QNA the project will re-draw connectivity routes between the Middle East and Europe…
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Iraq Opens First Factory Producing Infant Formula
Prime Minister Mohammed S. Al-Sudani launched the construction of the Mohannad Ali Abdullah Infant Formula Factory today in Baghdad. The new facility will produce infant formula for all age stages, as well as fortified nutritional products, with an annual production capacity of nine million packs. The project is a private…
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Iraq Expands Digital Payments and Banking Services
The Iraqi Central Bank, led by Governor Ali Mohsen Ismail, held a meeting of the Iraqi Payments Council with representatives from government ministries, public sector institutions, private banks, and electronic payment companies. The meeting focused on improving the use of electronic payments across ministries and public institutions, including updating tools…
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Iraq Development Fund Holds Talks with EBRD on Financing
In a continuation of its international cooperation strategy, the Iraq Development Fund, led by its President, Mr. Dhafer Mahdi Abdullah, held a virtual meeting (video conference) on Monday with Ms. Elena Ibrasi and Mr. Enrique, representatives of the European Bank for Reconstruction and Development. The meeting focused on exploring ways…
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Iraq Launches Construction of Yusifiyah 1,400MW Power Plant
Prime Minister Mohammed S. Al-Sudani launched construction on Wednesday for the Yusifiyah Thermal Power Plant, a key investment project with a total capacity of 1,400 megawatts. The project, which had been stalled since 1990, is part of Iraq’s plan to strengthen its national electricity grid and expand energy production to…
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Iraq, Romania Sign MoU to Boost Trade Ties
Iraq and Romania have taken a new step to strengthen economic ties by signing a Memorandum of Understanding between their chambers of commerce in Bucharest. The agreement was signed by Abdul Razzaq Al-Zuhairi, President of the Iraqi Federation of Chambers of Commerce, and the head of the Romanian Chamber of…
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