Economy
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Iraqi Airways on Track to Lift Europe Ban
Iraqi Airways is taking major steps towards lifting the European flight ban, with 75% of its Corrective IOSA Programme already complete, according to the Ministry of Transport. The ministry confirmed that progress is not only about upgrading aircraft, but also about building a modern operating system that meets the highest…
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Shell Discusses Investment Opportunities in Iraq
Today, the Executive Vice President of Shell Oil Company, Mr. Richard Howe, was received by Prime Minister Mohammed S. Al-Sudani, in Baghdad. The meeting discussed areas of cooperation in developing Iraq’s energy sector and investment opportunities that serve both sides’ interests. The Prime Minister highlighted the government’s commitment to mobilising…
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Iraq Reviews Financial Stability and Development Projects
Minister of Finance Taif Sami received a group of Members of Parliament today at the ministry’s headquarters to discuss ongoing financial and economic challenges, in a step aimed at strengthening coordination between Iraq’s executive and legislative branches. The discussion focused on several key issues, including the implementation of service projects…
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New Flour Mill Boosts Iraq’s Economy
Al-Midhatiya District in Babil Governorate has welcomed a newly operational flour mill owned by Etihad Company, with an annual production capacity of one million tons of fine flour. The facility was completed just eleven months after the foundation stone was laid and currently supplies nearly 50 percent of the local…
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Babil Launches Three Key Energy Plants
The Etihad Company in Babil Governorate has commenced the implementation of three new industrial plants dedicated to producing electrical transformers, power cables, and smart meters. These facilities are set to enhance Iraq’s energy infrastructure and support the growth of the local industrial sector. The projects aim to reduce reliance on…
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Iraq and Turkey Agree to Double Power Line Capacity to 600 MW
Iraq’s Ministry of Electricity has signed a contract with Turkish company Alifrin to double the capacity of the Iraqi-Turkish power interconnection line from 300 to 600 megawatts (MW). The agreement, signed in Nineveh Governorate, marks a significant step towards strengthening Iraq’s national grid. The first phase of the project will…
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US Companies Join Baghdad Dialogue on Trade Growth
Iraq’s Deputy Prime Minister and Minister of Foreign Affairs, Fuad Hussein, participated in a high-level dialogue session hosted by the Iraq-US Business Council in Baghdad on Wednesday, highlighting the country’s drive to deepen economic cooperation with the United States. In his remarks, Minister Hussein emphasised the strength of Iraq-US trade…
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Iraq’s Commitment to Financial Stability at UNCTAD Debt Conference
Iraq’s Minister of Finance, Taif Sami, took part in the 14th International Debt Management Conference, organised by the United Nations Conference on Trade and Development (UNCTAD) in Geneva. The three-day event, held from March 17th to 19th, served as a key platform for discussing global financial policies and debt management…
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Iraq Fosters Energy Investment with New Economic Cities
In a bid to diversify Iraq’s economy and attract foreign investment in the energy sector, the National Investment Commission (NIC) held a preparatory meeting for the Specialized Economic Cities Initiative for Energy Services. The session, presided over by NIC Chairman Professor Dr. Haider Mohammed Makiya, underscored the strategic role of…
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Iraq’s Digital Payment System Sees Rapid Growth
His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, has reaffirmed the country’s commitment to digital transformation in the financial sector during the inauguration of the 9th Finance and Banking Services Exhibition and Conference. The event brought together key banks and payment companies operating in…
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