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1 week ago | 
iraq-businessnews.com | John Lee
By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani met on Thursday with Mr. Fettah Tamince, Chairman of Turkiye's Rixos Hotels Group, to discuss the growing investment opportunities in Iraq's tourism sector. Prime Minister Al-Sudani stressed that ongoing development efforts across various sectors have laid the groundwork for numerous investment opportunities, particularly in tourism.
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1 week ago | 
iraq-businessnews.com | John Lee
By John Lee. Prime Minister Mohammed S. Al-Sudani chaired a meeting of the Industrial Coordination Council on Sunday to discuss strategies for advancing Iraq's national industry and to follow up on decisions from previous meetings. The discussion included key measures to address obstacles and improve coordination between the federal government and the Kurdistan Regional Government (KRG).
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1 week ago | 
iraq-businessnews.com | John Lee
By John Lee. Iraq's Minister of Transport, Razzaq Muhaibas Al-Saadawi, chaired a meeting on Wednesday at the headquarters of the General Company for Iraqi Railways with representatives from Oliver Wyman, the consultancy firm providing financial advisory services for the Development Road Project.
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1 week ago | 
iraq-businessnews.com | John Lee
By John Lee. Iraq's Council of Ministers has approved a series of preventive trade measures aimed at protecting domestic industries. These include the imposition of a 60% additional customs duty on imported transparent containers and single-use plastic cups from all countries, which will be in place for four years. The market will be monitored throughout the implementation period.
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1 week ago | 
iraq-businessnews.com | John Lee
The International Committee of the Red Cross (ICRC) has published its "Facts and Figures 2o24" report. Click here to download the full report in English. Click here to download the full report in Arabic. Click here to download the full report in Kurdish. To browse our comprehensive library of reports on Iraq, click here.
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1 week ago | 
iraq-businessnews.com | John Lee
By John Lee. Minister of Oil, Hayan Abdul Ghani, met with Iranian Minister of Oil, Mr. Mohsen Bakhtiar, on Monday to discuss strengthening bilateral cooperation between Iraq and Iran. During the meeting, both sides discussed mechanisms for collaboration across various sectors, resulting in the signing of memorandums of understanding (MoUs) and agreements in areas such as knowledge exchange and joint efforts that benefit both nations.
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1 week ago | 
iraq-businessnews.com | John Lee
By John Lee. Iraq's Ministry of Interior has announced that the Anti-Organized Crime Unit in Najaf Governorate successfully apprehended a suspect involved in the trade and circulation of counterfeit currency. According to a statement from the Ministry, the arrest followed intensive intelligence gathering and continuous monitoring, and was carried out based on precise information. The operation took place after obtaining the necessary judicial approvals, with a special team setting up an ambush.
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1 week ago | 
iraq-businessnews.com | John Lee
By John Lee. Prime Minister Mohammed S. Al-Sudani met with a delegation from Arab Bank, headed by Chairman of the Board of Directors Mr. Sabih Al-Masri, on Sunday, as part of preparations for the inauguration of the bank's new branch in Baghdad. The meeting focused on enhancing financial and banking cooperation between Iraq and Arab Bank, with discussions on the bank's involvement in financing key investment projects.
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1 week ago | 
iraq-businessnews.com | John Lee
By John Lee. American Global Medical Services (AGMS) is set to expand its footprint in Iraq, following a meeting between CEO Dr. Aizen J. Marrogi and Prime Minister Mohammed S. Al-Sudani on Monday. The company has proposed establishing a comprehensive medical city in Baghdad, which would include a 200-bed cancer hospital, a pharmaceutical manufacturing facility, a nursing college, and a training academy.
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1 week ago | 
iraq-businessnews.com | John Lee
By John Lee. Iraq has signed a contract for the construction of its third offshore pipeline to enhance the stability and flexibility of crude oil exports from its southern ports. The project, which is being executed by a consortium of Italian company Micoperi and Turkish company Esta, is designed to handle 2.4 million barrels per day.
