By John Lee. The National Investment Commission (NIC) has granted the investment licence for the Baghdad Hills project, one of the largest residential, recreational, and commercial developments in the capital. Located in the Al-Rafeel area of Baghdad, the project will feature 6,333 apartments distributed across 50 towers of 19 floors each, alongside 2,300 standalone villas. […]
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 Government of Iraq, in partnership with the United Nations Development Programme (UNDP) and the Oxford Poverty and Human Development Initiative (OPHI), has officially launched the Iraq Multidimensional Poverty Index (MPI) analytical report. The 2024 MPI reveals that poor populations experience 10.8% of total deprivations, particularly in education, housing, and access to […]
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 […]
Sindibad - Iraq's First All-in-One Travel Platform Have you ever experienced the exhausting hassle of traditional travel planning? Running between offices to book a ticket, struggling to find the right hotel, or dealing with complicated visa procedures? Those days are over. Sindibad is the first and most comprehensive Iraqi travel platform, giving you control over […]
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 […]
