By John Lee. The Iraq Development Fund Board, chaired by Prime Minister Mohammed Shia' al-Sudani, held its third meeting on Monday in the presence of the Minister of Finance, the Minister of Planning, and the Minister of Construction, Housing, Municipalities, and Public Works. The meeting discussed the projects included in the Fund's work plan, attracting […]
By John Lee. Turkiye's Tiryaki Agro has signed a goodwill agreement with the Iraq Development Fund to develop Iraqi agriculture. The agreement was signed in Baghdad by Mr. Mohammed Al-Najjar, Director of the Iraq Development Fund, and Mr. Ahmet Tiryakioğlu, Chairman of the Board of Directors of Tiryaki Agro. The ceremony took place with the […]
By John Lee. Prime Minister Mohammed Shia al-Sudani received Mr. Jamie Dimon, the CEO of JPMorgan Chase, and his accompanying delegation on Wednesday, during his visit to the Washington DC. During the meeting, they discussed the government's efforts in implementing financial and banking reforms, aiming to revitalize the economic situation and achieve development. They also […]
By John Lee. During his visit to Washington DC this week, Iraqi Prime Minister Mohammed Shia Al-Sudani, presided over the signing of number of Memoranda of Understanding (MoU's) with American companies: Government Memoranda of Understanding: Memorandum of Understanding between the Ministry of Electricity and General Electric (GE) for the development of the energy sector. Memorandum […]
By John Lee. In Davos, Iraqi Prime Minister Mohammed Shia Al-Sudani met with Mr. Khaled Haballah, the Regional CEO of J.P. Morgan (JPMorgan Chase) for the Middle East and North Africa. The meeting focused on exploring cooperation opportunities in financial areas, including opening accounts for Iraqi banks. Discussions also touched upon the potential participation of […]
By John Lee. The Iraqi Ministry of Planning has granted approval for the inclusion of earmarked investment projects in its 2023 budget. The projects encompass allocations such as 1 trillion dinars [$763 million] for Iraq Development Fund projects, 500 billion dinars for projects in the most impoverished provinces fund, 50 billion dinars for Sinjar and […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani commended the signing of a partnership agreement between the private Iraqi company Al-Diyar Al-Iraqia and the Saudi Northern Region Cement Company, marking the first collaboration between the private sectors of Iraq and Saudi Arabia in the field of cement. The event took place during the reception of […]
By John Lee. Saudi Arabia has reportedly made $3 billion available for investment in Iraq. The country's ambassador to Iraq, Abdulaziz Al-Shammari (pictured), told the state-run Iraqi News Agencyt (INA) that, "$3 billion is now available at the Public Investment Fund ... coordination is underway between the fund of Iraq for development and the investment […]
By John Lee. Iraq's Prime Minister, Mr. Mohamed Shiaa Al-Sudani, presided over the first meeting of the Iraq Development Fund Council, of which he is the chairman. The formation of this council was approved in the recent Cabinet session. During the meeting, topics on the agenda were discussed, including the selection of the fund's executive […]
By John Lee. Iraqi Prime Minister, Mr. Mohammed Shia Al-Sudani, held a meeting with members of the American Chamber of Commerce in New York on Thursday evening (local time). The meeting was attended by businessmen, investors, and representatives of major American companies. During the meeting, he praised the efforts of Mr. Steve Lutes, the Deputy […]
A team of World Bank specialists from the Middle East and North Africa (MENA) Region launched an intensive multi-sector capacity building program for Iraqi public sector officials to enhance their knowledge and skills for more effective implementation of development projects.
The lack of a comprehensive and stand-alone metering system at Iraq’s oil production chain has been a longstanding problem, allowing crude and refined products smuggling operations to sustain political militias during the past years.
