By John Lee. The Central Bank of Iraq (CBI) has announced details of its urban development initiatives for Baghdad's heritage areas, including a donation of more than 90 billion Iraqi dinars [$90 million] to revive Al-Rasheed Street, one of the capital's most famous cultural and tourist landmarks. Plans include the introduction of a tram line […]
By John Lee. The fourth session of the Armenia-Iraq Joint Intergovernmental Commission on Economic Cooperation was held in Yerevan on Tuesday 26th August. The meeting was co-chaired by Armenian Minister of Economy Gevorg Papoyan and Iraqi Minister of Agriculture Abbas Al-Maliki. Discussions covered expanding cooperation in trade, industry, agriculture, energy, high technologies, digitalisation, healthcare, infrastructure, […]
By John Lee. The Central Bank of Iraq (CBI) branch in Mosul has signed a cooperation agreement with Al-Hadba University to strengthen collaboration with academic institutions. The agreement includes delivering lectures on financial inclusion, organising scientific seminars, and supporting the publication of research. The CBI will also provide the university with its latest reports and […]
By John Lee. Prime Minister Mohammed Shia' Al-Sudani presided over the Tax Conference for Economic Development and Investment Promotion in Baghdad, stressing that supporting the private sector is central to Iraq's economic reform agenda. He highlighted the government's commitment to providing an attractive environment for investors, implementing global business and taxation standards, and ensuring flexibility […]
By John Lee. The Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) has supported the Central Bank of Iraq (CBI) and the Iraqi Private Banks League (IPBL) in launching the Access to Finance Guide, co-funded by the European Union (EU) and the Federal Republic of Germany. The initiative forms part of the Team Europe Initiative TAEUFIQ. The […]
By John Lee. The Ministry of Communications has signed a contract with UAE-based Breeze Investments to land Iraq's fifth submarine cable at Al-Faw, in a ceremony attended by Minister of Communications Dr Hiyam Al-Yasiri. The project, carried out in cooperation with the State Company for Communications and Informatics, is a strategic step to strengthen Iraq's […]
By John Lee. The Chargé d'Affaires a.i. of the Embassy of the Republic of Iraq in Kuala Lumpur, Counselor Ahmed Ghanim Abduljabbar, has met with the leadership of SPARCO Engineering SDN BHD at the Embassy's headquarters. Executive Director Raja Ariff and Managing Director Sumasni Sulaiman expressed the company's intention to launch commercial and investment activities […]
By John Lee. Prime Minister Mohammed Shiaa Al-Sudani has received the Chairman of the Tamayouz Excellence Award for Architecture, architect Ahmed Al-Malak, accompanied by Iraqi architect Manhal Al-Habbobi and Jordanian architect Osayd Al-Aytan. The meeting discussed preparations for Baghdad's hosting of the Arab Architecture Festival in October, organised by the Tamayouz Foundation under the Prime […]
By John Lee. The Central Bank of Iraq (CBI) has announced an increase in the ratio of total credit to total deposits, reflecting stronger lending activity and support for economic growth. The ratio reached 61 percent in the second quarter of 2025, up from 55 percent in the same period of 2024, representing an 11 […]
By John Lee. Kalaam Telecom Group has announced the successful completion of the first year of operations of its Iraq Transit route, launched in partnership with Iraq's Informatics & Telecommunication Public Company (ITPC). It says the terrestrial route has become a vital alternative for data traffic between the Gulf Cooperation Council (GCC) and Europe, delivering […]
By John Lee. BKPS, an affiliate of global energy company Karpowership, has signed a contract with Iraq's Ministry of Electricity and the General Company for Electric Energy Production / Southern to deliver up to 590 MW of electricity through two Powership vessels. The vessels, including the Orka Sultan, will be deployed to the ports of […]
By John Lee. Iraq's Minister of Communications, Dr. Hiyam Al-Yasiri (pictured), has met with Ooredoo of Qatar to discuss joint projects aimed at strengthening Iraq's role as a regional and international data hub. Talks focused on implementing bilateral agreements to route communications traffic via the FIG submarine cable landing station in Al-Faw, managed by Ooredoo, […]
