Review of Iraq Development Management System (IDMS)
By John Lee. A meeting has been held at Iraq's Ministry of Planning to discuss the activation and development of the Iraq Development Management System (IDMS), a digital platform used to monitor and manage investment projects and government programmes. The meeting, attended by Basim Dari, Director General of the Sector Planning Directorate, and Tahseen Mahmoud […]
Iraq and Libya discuss Economic Cooperation
By John Lee. Prime Minister Ali al-Zaidi has received the envoy of Libya's Government of National Unity, Al-Taher Salem Al-Baour, along with an accompanying delegation. Al-Baour delivered a letter from Libyan Prime Minister Abdul Hamid Mohammed al-Dabaiba, which affirmed the importance of strengthening bilateral relations between the two countries and expressed an interest in convening […]
Samarra Drug Company Produces Moxifloxacin Antibiotic
By John Lee. The General Company for the Pharmaceutical Industry and Medical Supplies in Samarra has produced the broad-spectrum antibiotic moxifloxacin for the first time, adding it to its range of pharmaceutical products. According to the Ministry of Industry and Minerals, the drug is used to treat a range of bacterial infections in adults, including […]
SalamAir to Launch Muscat-Erbil Route
By John Lee. SalamAir is to begin direct flights between Muscat and Erbil from 25th October. The Omani low-cost carrier says the route will offer affordable direct connections between the two cities. (Source: SalamAir)
Iraq "to Slash Three Zeros from Currency, Introduce New Notes"
From The New Region. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq to Slash Three Zeros from Currency, Introduce New Notes Iraq is set to remove three zeros from its currency in a bid to rebrand the dinar and support digitizing transactions to […]
Iraq Is Digitising Payments. What Should Come After the Payment?
By Sharareh Abdi. Iraq Is Digitising Payments. What Should Come After the Payment? Iraq's payments market is changing faster than its traditional image as a cash-dominated economy might suggest. According to the Central Bank of Iraq, domestic card-based financial transfers reached more than 58 million transactions in 2024, up 213.6% from the previous year. Their total […]
NIC, S Korean Ambassador Review Options to Restart Bismayah Project
By John Lee. Options for restarting the stalled Bismayah housing project were discussed at a meeting between the National Investment Commission (NIC) and the South Korean Ambassador to Iraq, Lee Joonie, on Sunday. According to the NIC, the meeting reviewed the current status of the project and examined options for settling outstanding financial dues, including […]
Emirati-Iraqi Business Council Discusses Investment Opportunities
By John Lee. Investment opportunities in the Iraqi market and ways to attract Emirati companies were discussed at a meeting between Iraq's Ministry of Trade and the Emirati-Iraqi Business Council. According to the Ministry of Trade, Dr. Malik Khalaf al-Durei'i, Director General of the Private Sector Development Department, visited the council's headquarters and attended its […]
Iraq-Czech Business Council Proposed to Boost Trade
By John Lee. Iraq and the Czech Republic have discussed strengthening bilateral trade and economic relations during a meeting in Baghdad between the Department of Foreign Economic Relations at the Ministry of Trade and Michal Svoboda, Minister Plenipotentiary at the Czech Embassy. Riyad al-Hashimi, Director General of the department, called for a fifth session of […]
16,384 Deceased Iraqis Still Receiving Pensions
By John Lee. An audit of Iraq's national pension system has identified 16,384 deceased individuals whose retirement payments had not been stopped, alongside widespread data errors and corruption involving pension branch managers in provinces formerly affected by terrorism. The Federal Commission of Integrity announced it has begun auditing pension files and cross-referencing data held by […]
Career Guidance Drive for University Students in Iraqi Kurdistan
By John Lee. A career guidance and counselling campaign has been launched for around 750 university students and jobseekers in the Kurdistan Region of Iraq. The initiative is being delivered by the International Labour Organization (ILO) in cooperation with the Ministry of Labour and Social Affairs, career development centres (CDCs), the Kurdistan Workers Unions Federation, […]
Minister meets with Shanghai Electric re Power Projects
By John Lee. Progress on combined-cycle power generation projects in four central Iraqi provinces has been reviewed in a meeting between the Minister of Electricity and representatives of Chinese contractor Shanghai Electric. The projects cover stations in Najaf, Karbala, Diwaniyah, and Babil. According to the Ministry of Electricity, Minister Ali Saad Wahib directed the company […]