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Category: Investment Projects in Iraq

170 Billion Iraqi Dinars allocated in the Budget for Baghdad Province

170 Billion Iraqi Dinars allocated in the Budget for Baghdad Province

The Iraqi Ministry of Planning issued a statement that the Minister of Planning Nuri Al-Dulaimi arranged a meeting with the Baghdad local government. The Governor of Baghdad Falah, MPs from the province of Baghdad also attended the meeting. They discussed the ongoing and new projects of Baghdad province for the current year and the most prominent challenges that stand in front of their implementation in a timely manner. The Planning Minister Nuri Al-Dulaimi said, “The ministry provides the essential working…

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Assets at the Central Bank of Iraq rose to more than 120 Trillion Iraqi Dinars

Assets at the Central Bank of Iraq rose to more than 120 Trillion Iraqi Dinars

The Iraqi Central Bank has announced the rise in the CBI assets to more than 120 trillion Iraqi dinars. It clearly indicated increasing confidence of depositors in banks. Alsumaria News reported that the Central Bank of Iraq issued a statement, it says, “The assets of banks during 2018 rose by 10% compared to 2017 to exceed 120 trillion dinars, equivalent to 100 billion dollars. It clearly indicates an increase in the confidence of depositors in banks. The current condition positively…

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Iraq has announced New Investment Opportunities in the Country

Iraq has announced New Investment Opportunities in the Country

The Iraqi Minister of Industry Saleh Al-Jubouri issued a statement about the preparation of 196 investment opportunities in the country. Jubouri said in a press statement that the Iraqi Industry Ministry has finalized the preparation of 196 investment opportunities for the intention of conclusive contracts for new partnerships with eligible international companies. He added that the entire contracts will take place under the laws and regulations in the country in order to transfer advanced technology to promote industrial reality in…

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The World Bank and Iraq signed an Agreement to empower Electricity Sector

The World Bank and Iraq signed an Agreement to empower Electricity Sector

The World Bank and Iraq have signed a loan agreement worth 200 million U.S dollars. The amount is dedicated to developing the electricity sector in the southern provinces of Iraq. The Deputy Prime Minister for Economic Affairs and Minister of Finance Fuad Hussein signed an MOU (memorandum of understanding) with the representative of the World Bank. Fuad Hussein is in charge of the government’s program to empower the relationship between Iraq and international society, and to get benefit from the…

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A New MOU Signed between Baghdad and Istanbul

A New MOU Signed between Baghdad and Istanbul

An MOU (memorandum of understanding) signed between Baghdad Chamber of Commerce and its counterpart in Istanbul. It would enhance trade exchange between both sides. The head of the Chamber at the Baghdad Chamber’s headquarters issued a statement that the head of Baghdad Chamber of Commerce Jaafar al-Hamdani received a large trade delegation representing the Istanbul Chamber of Commerce headed by Turkish Ambassador Fatih Yildiz. Al-Hamdani welcomed the guest delegation and thanked them for their visit and keenness to keep in…

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More than 80 Greek Companies are Preparing to Invest in Iraq

More than 80 Greek Companies are Preparing to Invest in Iraq

An important meeting held between the head of the Baghdad Chamber of Commerce Jafar al-Hamdani and the Greed ambassador to Iraq. The Greek ambassador announced that 80 Greek companies are preparing to visit Baghdad in October. Their main objective is to participate in the Iraqi development sector and invest in Iraqi markets. Al-Hamdani welcomed the ambassador and expressed his thanks and gratitude for the visit. He also stressed the depth of the Iraqi-Greek economic relations during the meeting. Al-Hamdani said,…

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The approval of 113 Billion Iraqi Dinars for Service Projects in Nineveh

The approval of 113 Billion Iraqi Dinars for Service Projects in Nineveh

On Wednesday, the Iraqi Ministry of Planning has announced the approval and release of at least 113 billion Iraqi dinars for the implementation of service projects and the resumption of suspended projects in Nineveh. The ministry issued a statement that Iraqi minister of planning Nuri al-Dulaimi has approved the release of more than 113 billion Iraqi dinars for the implementation of service projects and the resumption of suspended projects in Nineveh. It is considered a part of the efforts of…

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