Category Archives: Uncategorized

Ports Director: We will adopt modern navigation equipment to operate the Grand Faw Port. Director General of Iraqi Ports, Farhan Al-Fartousi, announced on Tuesday that the Grand Faw Port will be operational in the coming period after it has been … Continue reading →

Banking sector update Iraq has recently witnessed significant improvements on the political, economic, and security fronts, which has had a positive impact on attracting foreign and Arab investments, particularly in the banking sector. The increasing presence of foreign and Arab … Continue reading →

Al-Sudani’s advisor: Annual returns from investing reserves are no less than $2 billion. Shafaq News / The Prime Minister’s advisor for financial affairs, Mazhar Mohammed Salih, confirmed on Tuesday that the “annual returns” from investing foreign reserves are no less … Continue reading →

The American Chamber of Commerce told Shafaq News: We have huge opportunities in Iraq. Shafaq News / Steve Lutes, Vice President of the U.S. Chamber of Commerce, who is currently visiting Iraq with the “largest economic delegation in history,” revealed … Continue reading →

Al-Sudani stresses the importance of expanding cooperation with JP Morgan Prime Minister Mohammed Shia al-Sudani stressed on Tuesday the importance of expanding partnerships between Iraqi banks and JPMorgan Chase, noting the government’s readiness to provide all forms of support to … Continue reading →

Al-Baldawi: The government still has the 2025 budget schedules, and delaying them violates the law. Al-Maalouma / Baghdad…. Deputy Chairman of the Parliamentary Planning Committee, Mohammed Al-Baldawi, confirmed on Wednesday that the 2025 budget tables are still with the government … Continue reading →

Economist: Strengthening the private sector is key to stabilizing the labor market in Iraq. Al-Maalouma / Baghdad… Researcher and expert in financial and banking affairs, Mustafa Hantoush, confirmed on Wednesday that the stability of the labor market in Iraq is … Continue reading →

Government advisor: The dollar exceeds 40% of Iraq’s foreign currency reserves. Shafaq News / The financial advisor to the Iraqi Prime Minister, Mazhar Mohammed Salih, revealed on Wednesday that more than 40% of the country’s foreign currency reserves are in … Continue reading →

Baghdad informs Washington that Iran is using “forged Iraqi documents” to sell its oil. Minister of Oil Hayyan Abdul Ghani, on US-Iraqi talks regarding the accusations against…Iraq About SOMO’s involvement in selling Iranian oil as Iraqi to help…Iran In bypassing … Continue reading →

To compensate for Iranian gas, Iraq plans to build two floating platforms in the Gulf. Bloomberg reported that Iraq is trying to address the electricity shortage caused by US sanctions on Iran by negotiating with several companies to establish two … Continue reading →