Finance
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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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Iraq and Switzerland: A New Era in Tax Cooperation
Iraq and Switzerland took a significant step towards enhancing economic cooperation by initialling an agreement to prevent double taxation and tax evasion on income and capital. The agreement was signed on Wednesday, 26 February 2025, and is expected to create a more favourable investment climate for businesses operating between the…
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NIC and IFC Discuss Iraq’s Economic Growth Plans
The National Investment Commission (NIC) held an expanded meeting on Monday, February 24th, with a delegation from the International Finance Corporation (IFC) to discuss strengthening collaboration in project financing, technical consultation, and investment promotion in Iraq. Discussions focused on mechanisms to improve Iraq’s business environment, including support for feasibility studies,…
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Economic Experts Debate Debt and Climate Finance Strategies
Minister of Finance Taif Sami emphasised the importance of regional and international cooperation in addressing economic challenges during her participation in the Ninth Arab Public Finance Forum. The event, held in Jumeirah, Dubai, was organised by the UAE Ministry of Finance in collaboration with the Arab Monetary Fund and the…
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New Currency Options Open for Iraqi Trade Financing
Iraq’s Central Bank has introduced a broader range of currencies for financing international trade. In addition to the US dollar, Iraqi banks can now engage in transactions using the Jordanian dinar, Saudi riyal, and euros for trade with Turkey. Previously, financing via euros was only permitted for transactions with European…
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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…
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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…
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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.…
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1.3 Trillion IQD “Enjaz” Bonds Released by Government – How To Invest
The Ministry of Finance, through the Public Debt Department and in collaboration with the Central Bank of Iraq, has announced the launch of the third issue of government “Enjaz” bonds for public subscription. This new bond issue, with a total value of 1.3 trillion Iraqi dinars, offers two categories of…
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Discover the Excellence of Hyundai in Baghdad
Baghdad is a city that blends rich history with rapid modernisation, is home to one of the most exciting automotive brands in the world – Hyundai. Known globally for its innovative technology, stylish design, and exceptional value, Hyundai is making waves in the Iraqi market. If you’re in the market…
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