A qualitative leap in “financial incentives” at Iraqi ports

The General Company for Ports of Iraq announced on Wednesday an unprecedented increase in financial incentives allocated to its employees after achieving record operational and revenue results during the first quarter of 2025.

Abbas Ali Hussein, the company’s director of internal audit and control, told Shafaq News Agency, “The financial incentive allocated to each employee has witnessed a significant leap compared to 2020,” noting that “the value of one point, which ranged between 6,000 and 7,000 dinars five years ago, has now increased to between 20,000 and 23,000 dinars.”

He explained that “this development is a direct result of the significant growth in revenues and reflects senior management’s appreciation for the efforts made by employees across the company’s various departments.” He noted that “the new incentive system is based on linking individual performance with corporate returns, which motivates improvements to the work environment, fosters a culture of achievement, and enhances productivity.”

Hussein added, “Iraqi ports are moving steadily toward modernization and development by implementing infrastructure projects and upgrading electronic systems and logistics services in line with international standards adopted in the maritime transport sector.”

The General Company for Iraqi Ports announced last Monday that the Khor al-Zubair oil port will receive 207 oil tankers during the first quarter of 2025.

Shafaq.com