Economy
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Basra Salt Production Expands Toward 500,000 Tons
Basra Salt, operated by the General Company for Mining Industries, has increased its annual production to more than 400,000 tons for the fourth year running. The company has set its sights on reaching 500,000 tons by 2026, reflecting sustained growth and development in Iraq’s industrial salt sector. Engineer Muhammad Qasim…
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Basma Programme Provides Loans for Women-Led SMEs
Iraq has launched the Basma Initiative, providing soft loans to women aiming to establish small and medium-sized enterprises (SMEs), in cooperation with national banks. The programme is part of the government’s broader efforts to boost women’s participation in the economy and reduce unemployment. The initiative will support women-led projects across…
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Iraq Builds Consensus for Stronger, Fairer Social Systems
In partnership with the United Nations and its agencies, including the World Food Programme and UNICEF, the Iraqi government has concluded a two-day national consultation to outline the country’s future commitments ahead of the WSSD2 summit in Doha this November. The meeting brought together key ministries, civil society representatives and…
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Iraq Advances Economic Reforms to Join WTO Membership
Iraq is making significant strides in economic reforms aimed at joining the World Trade Organisation (WTO), Trade Minister Dr. Ather Dawoud Al-Ghariri said during a dialogue session in Geneva. Speaking at the event, Dr. Al-Ghariri highlighted Iraq’s transition from a socially inclusive economic system to a market-oriented economy, describing recent…
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Iraq Opens Samawah Fuel Depot to Boost Supply Network
Iraq has opened a major fuel storage facility in Al-Muthanna Governorate, a move officials say will support the country’s push to expand refining capacity and improve energy security. Prime Minister Mohammed S. Al-Sudani inaugurated the Samawah Depot on Wednesday, describing it as one of several long-delayed infrastructure projects his government…
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Iraq Seals Floating Gas Deal with Excelerate Energy
Iraq has strengthened its strategic energy cooperation with the United States by signing a landmark agreement with Excelerate Energy to install the country’s first Floating Storage and Regasification Unit (FSRU). The deal supports Baghdad’s plan to secure reliable gas supplies, ease pressure on the national electricity grid, and accelerate the…
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Iraq Launches FCC Unit at Al-Shuaiba Refinery
Prime Minister Mohammed S. Al-Sudani inaugurated the new Fluid Catalytic Cracking (FCC) Strategic Unit at the Al-Shuaiba Refinery in Basra Province on Saturday, marking a major milestone in Iraq’s oil industry. The unit, with a processing capacity of 107,000 barrels per day, is expected to significantly increase the production of…
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Japan and Iraq Mark Major Milestone as Basra Refinery Upgrade Completed
Iraq has taken a major step toward strengthening its domestic fuel production as officials in Basra marked the completion of the multibillion-dollar Basra Refinery Upgrading Project, a landmark modernisation initiative supported by Japan. Prime Minister Mohammed Shia’ Al-Sudani and Japan’s Ambassador to Iraq Akira Endo were among senior leaders attending…
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Iraq Expands Power Grid with New 400 kV Transmission Line
Prime Minister Mohammed S. Al-Sudani has announced a major boost to Iraq’s national power grid with the launch of a new 400 kV transmission line linking Amarah and Maysan. The project, inaugurated on Monday, delivers up to 1,000 MW over a 52-kilometre route between Al-Kahla District and Al-Batira District. Speaking…
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Pink Month Bazaar in Baghdad Empowers Women Entrepreneurs
Under the patronage of Minister of Finance, Taif Sami Mohammed, the Ministry organised a charity bazaar to support women and small-scale projects, coinciding with October, the Pink Month dedicated to raising awareness about breast cancer. The event was hosted by the Minister’s Office, Women’s Affairs Department, in cooperation with the…
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