Promote manufacturing: IFC partnered with Nomu Holding, a subsidiary of Iraq’s Al-Maysarah Group and Saudi-based Al Muhaidib Group, with the aim to invest $200 million to strengthen Iraq’s …
Iraq’s budget deficit exceeds 7 trillion Dinars in H1 2025
An Eco Iraq Observatory report reveals a 7.5 trillion Dinar budget deficit in H1 2025. The report warns of a widening gap amid falling oil prices …
IFC pledges $1 billion to boost Iraq’s private sector
The International Finance Corporation (IFC), part of the World Bank Group, has announced $1 billion in new investments and partnerships to strengthen Iraq’s private sector. The new financing is for …
Turkmenistan, Iran Sign Natural Gas Deal That Includes Plan To Build Pipeline
Turkmenistan and Iran signed a contract on July 3 for the delivery of 10 billion cubic meters of Turkmen natural gas per year, which Iran will then ship to Iraq. Turkmenistan’s Foreign Ministry …
550 foreigners are serving time in Iraq’s prisons
There are about 550 foreigners serving prison terms in Iraq, an official from the Ministry of Justice told Rudaw on Saturday. ‘Around 550 foreign nationals from countries that are members of the Arab …
Iraq completes 65% of Nasiriyah International Airport
The Iraqi Ministry of Transport revealed that Nasiriyah International Airport has reached advanced completion rates of more than 65 percent.
Iraqi intel busts Islamic State financial network in West Africa
The Iraqi National Intelligence Service made a surprising announcement yesterday that it busted an Islamic State financial network spanning three countries in West Africa. The network was helping to …
Iraq and BP Forge $25 Billion Kirkuk Oil Deal
BP has commenced initial assessment work at strategic oilfields in Kirkuk, Iraq, as part of a $25-billion deal to redevelop the region’s oil and gas infrastructure and boost production.
Iraq maintains global ranking in gold reserves
The World Gold Council announced on Tuesday that Iraq’s gold reserves had remained stable, with holdings amounting to 162.7 tons.
Iraq’s Trade Ministry reviews reforms in private banking sector
The Iraqi Ministry of Trade discussed on Monday reforms in the private banking sector, addressing the condition of this important sector.