Economy
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Iraq, Greece Resume Strategic Committee Meetings After 25 Years
After a 25-year pause, Iraq and Greece have reignited their strategic dialogue with the ninth meeting of the Iraq-Greece Joint Committee, held recently in Baghdad. The meeting was co-chaired by Iraq’s Deputy Minister of Construction, Housing, and Municipalities, Ali Hussein Abdul Amir, and Greece’s Deputy Foreign Minister, Haris Theoharis. The…
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Baghdad International Hospital Project Marks Iraq–Qatar Partnership
Prime Minister Mohammed Al-Sudani has inaugurated the construction works of the Baghdad International Hospital, a landmark healthcare project developed by Qatar Investment Holding Company. The initiative underscores Iraq’s growing partnership with Qatar and the government’s commitment to attracting international investment in vital sectors. Speaking at the launch ceremony in Baghdad,…
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Basra Airlines’ “Shatt Al-Arab” Plane Opens New Era for Civil Aviation in Basra
Basra Governor Asaad Al-Eidani welcomed the inaugural aircraft of Basra Airlines, on Wednesday, which landed at Basra International Airport. The aircraft, named “Shatt Al-Arab,” signifies the airline’s official entry into the aviation sector and underscores Basra’s growing status as a key commercial and tourist hub. Governor Al-Eidani described this development…
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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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Iraq, Switzerland and Sweden Strengthen Energy and Investment Ties
Prime Minister Mohammed Al-Sudani met on Wednesday with the Ambassador of Switzerland to Iraq, Mr. Daniel Hunn, and the Ambassador of Sweden, Mr. Jörgen Lindström, to discuss opportunities for expanding cooperation in the energy and development sectors. The meeting was also attended by the Executive Director of Linxon and the…
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Iraq Launches Major Pharmaceutical City, Factories, and Global Partnerships
Prime Minister Mohammed Al-Sudani has launched the construction of Iraq’s largest pharmaceutical city in southern Baghdad, marking a major step toward advancing local medicine production and healthcare self-sufficiency. The Health City for Pharmaceutical Industries spans 120,000 square metres and will include five major manufacturing facilities with a total investment exceeding…
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Iraq Moves Forward with $60 Billion Al-Tayib Economic City
The National Investment Commision (NIC) has confirmed progress on the Al-Tayeb Economic City Project in Maysan, a major step towards transforming the area into a strategic multi-service investment zone. Chairman Dr. Haider Muhammad Makia announced that the NIC has received the planning vision for the project from KBR Company, approved…
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Japan and Iraq Launch Major Oil Export Reconstruction in Basra
Iraq and Japan have taken a major step to strengthen their long standing partnership in the energy sector with the launch of the Crude Oil Export Facility Reconstruction Project at the Port of Al-Faw in Basra Governorate. The foundation stone laying ceremony, held on Saturday, was attended by Japan’s Ambassador…
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ExxonMobil Signs Agreement to Develop Iraq’s Oil Sector
The Ministry of Oil signed a Heads of Agreement (HOA) on Wednesday with US-based ExxonMobil, aiming to strengthen Iraq’s oil industry, modernise export infrastructure, and attract international investment. The signing ceremony was attended by Prime Minister Mohammed S. Al-Sudani, who highlighted the agreement as a major step for the future…
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Iraq Resumes Kurdistan Oil Exports After 30-Month Halt
Oil exports from the Kurdistan Region through the Iraq–Turkey pipeline have resumed after a 30-month suspension, following a landmark agreement between Baghdad, Erbil, and international oil companies. The exports, suspended since March 2023 after an arbitration ruling in Paris against Ankara for breaching a 1973 pipeline accord, have now restarted…
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