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Category: Investment Projects in Iraq

Foreign Investment and current security situation in Iraq

Foreign Investment and current security situation in Iraq

A large number of international companies have realized the feasibility and importance of investment in the Iraqi markets. It satisfied them to enter into bilateral partnerships to expand their work in advancing the services provided to live up to the global performance. The region’s leading video-to-demand viewing service, STARZPLAY has announced a new partnership with Asiacell Iraq, the leading provider of high-quality mobile and Internet services in Iraq with a subscriber base of over 14 million subscribers. The STARZPLAY platform…

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Iraqi Oil Ministry will construct 5 New Refineries in the country

Iraqi Oil Ministry will construct 5 New Refineries in the country

The Iraqi Oil Ministry is working hard on the selection of various international investment companies in order to construct 5 new refineries in the provinces. The ministry stressed that the Iraqi Oil Ministry financed the Karbala refinery. It would save about 9 million liters of gasoline per day in addition to other outgrowths, after its completion. The undersecretary for liquidation affairs of the ministry, Hamed Al-Zobaie issued a press statement that oil ministry has planned to construct 5 new refineries…

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Fluctuation in Gold Prices and 20 Billion Iraqi Dinars allocated for Nineveh Province

Fluctuation in Gold Prices and 20 Billion Iraqi Dinars allocated for Nineveh Province

On Wednesday, gold prices rose because investors were tentative in expectation of a trade agreement between China and the United States. The demand for precious metals often considered a safe haven supported by concerns regarding the growth of the global economy. The spot gold increased by 0.1% to 1,485.25 USD per ounce. Gold has shown its major one-day percentage drop on Tuesday, since the end of September at 1.7%. The U.S gold futures increased by 0.2% to 1486.90 USD. It…

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Iraqi delegation achieved a number of objectives during China visit

Iraqi delegation achieved a number of objectives during China visit

The Iraqi Deputy Prime Minister for Economic Affairs and Finance Minister Fouad Hussein discussed steps to finance strategic projects in Iraq with the Chinese CITIC Chairman of the Board of Directors. The Ministry issued a statement that Fouad Hussein met with the Chairman of Chinese Bank accompanied by the Ministers of Transport and Electricity and the Governors of Baghdad, Basra, Karbala, Wasit, Diyala, Anbar, Maysan, Governors of Erbil, Sulaymaniyah, Dohuk, Wasit, and Dhi Qar. The statement also indicated that they…

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Major Chinese and International Companies to Invest in Iraq

Major Chinese and International Companies to Invest in Iraq

The Iraqi Prime Minister Adel Abdul Mahdi has requested major Chinese and international companies to invest in Iraq. Abdul Mahdi delivered his words during a speech at the World Industrialization Conference 2019, in the city of Hefei, China. He said, “The hospitality we received from the leaders of the party, government and popular in the city of Hefei, and took this precious opportunity to express our fascination with this conference and its achievements and the high quality of its exhibits…

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Al-Khuzai Warned a Severe Economic Crisis in Iraq due to a Sharp Decline in State Revenues

Al-Khuzai Warned a Severe Economic Crisis in Iraq due to a Sharp Decline in State Revenues

On Monday, a member of the Iraqi parliamentary committee for the implementation of the government program, Anaam al-Khuzaie has indicated the rates of a sharp decline in the state’s oil and non-oil revenues. He also warned about an expected severe economic crisis in Iraq. Khuzai said, “The fourth axis of which focused on maximizing non-oil revenues, such as taxes and customs. And monitoring public debt to ensure that it remains within the limits of financial sustainability is contrary to the…

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Iraqi Ministry of Planning announced inflation rate in the country

Iraqi Ministry of Planning announced inflation rate in the country

The Iraqi Ministry of Planning has announced that the annual inflation rate fell to 1.6%. The ministry issued a statement and said, “The stability of the overall record for the month of July in Iraq after maintaining the same level compared to last June reached 104.2% because of the increase and decrease in the sections of the basket”. The spokesman for the Ministry, Abdul Zahra Al-Hindawi said in a statement, “The core inflation index rose by {0.3%} from the previous…

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Investment Opportunities and Security Situation in Iraq

Investment Opportunities and Security Situation in Iraq

A member of the Iraqi Parliamentary Economic and Investment Committee, Riaz Al-Tamimi issued a statement. Al-Tamimi said the international investment weakness is due to poor security and economic condition in the country. He said in a statement that a number of countries and international companies have shown their desire to enter the Iraqi market and investment in all fields. Al-Tamimi added that there are a number of factors but one of the major reasons is the security instability in some…

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