By John Lee. In a move to enhance the capabilities of its security forces, the Iraqi government has approved a budget allocation of 12 billion dinars [$9 million] from the emergency reserve fund. The funds will be used to complete the construction of three coast guard patrol vessels. This initiative aims to strengthen Iraq's maritime […]
By John Lee The Iraqi government has started discussions on the structure of the 2025 budget, with expectations for its submission to Parliament early next year, according to Atwan Al-Atwani, head of the Parliamentary Finance Committee. State-run Iraqi News Agency (INA) says Al-Atwani hosted a delegation from Adam Smith International to discuss public financial management […]
By John Lee. CEO World magazine has ranked Iraq 145th out of 196 countries in its World Innovation Index. This puts it behind neighbours such as Iran and Jordan, but ahead of Syria and Yemen. Singapore, Taiwan and South Korea take the top three places. The index considers factors such as patent applications, global brand […]
By John Lee. Iraq's Minister of Transport, Razzaq Muhibis Al-Saadawi, announced the successful conclusion of the 13th session of the Iraq-Spain Joint Committee, which resumed after a decade-long hiatus. The discussions, held in Baghdad, focused on enhancing economic and trade relations between the two nations. Minister Al-Saadawi highlighted Iraq's policy shift towards global economic openness […]
By John Lee. Deputy Prime Minister and Foreign Minister Mr. Fuad Hussein has opened the new Iraqi embassy in Zagreb, in a step aimed at strengthening relations between Iraq and Croatia. The opening ceremony was attended by the Minister of Foreign and European Affairs of Croatia Dr. Gordan Grlić Radman, the Croatian Ambassador to Iraq […]
By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani inaugurated two private sector pharmaceutical plants for antibiotics (cephalosporin) and immunosuppressive drugs on Saturday, as part of the government's pharmaceutical localization program, which is a priority in the government's agenda. The Prime Minister inspected the pharmaceutical plant operations, which rely on cutting-edge global technology from the […]
By John Lee. Iraq's Prime Minister, Mohammed S. Al-Sudani, held a meeting on Monday, with Mr. Ahmed ElSewedy, Chairman of Egypt's ElSewedy Group, and a group of Egyptian industrial and commercial company directors, with several of the Prime Minister's advisers. During the meeting, the Prime Minister emphasized the expanding economic cooperation between Iraq and Egypt, […]
By John Lee. Iraq's Minister of Electricity, Eng. Ziad Ali Fadel, has signed a significant agreement with Turkmenistan to secure gas supplies for Iraq's power stations. The deal, signed by Iraq's Minister of Electricity and Turkmenistan's Minister of State for Gas Affairs, Maksat Babayev, aims to diversify gas sources and ensure a steady fuel supply […]
By John Lee. Iraq's Minister of Trade, Atheer Daoud Al-Ghuraeri, hasannounced that Prime Minister Mohammed Shia Al-Sudani has approved the postponement of the 48th Baghdad International Fair. Originally scheduled from the 1st to the 7th of November 2024, the event will now take place in February 2025. A Ministry statement said the postponement comes in […]
By John Lee. Iraq's Minister of Electricity, Ziyad Ali Fadel, chaired a strategic meeting with representatives from the Turkish Union of Companies and Contractors to advance cooperation in the electricity sector, following the signing of a Memorandum of Understanding (MoU) during the Turkish president's visit to Iraq. The meeting focused on joint efforts to enhance […]
By John Lee. Speaking at the "Investment Forum for Businessmen and Investors" in Babylon on October 15, the Head of Iraq's National Investment Commission (NIC) highlighted the importance of developing tailored investment maps for each province, ensuring projects meet local needs. Dr. Haider Mohammed Makiyya noted that over $69 billion in investment licenses have been […]
By John Lee. Iraq's Minister of Industry and Minerals, Dr. Khaled Battal Al-Najm, has issued directives to begin the practical steps for exploring and investing in the country's abundant mineral resources. During a visit to the General Geological Survey Authority, the minister emphasized the need to streamline procedures, reduce bureaucracy, and engage the private sector […]
