Hamoudi Al-Lami, the Prime Minister's Advisor for Industry, Development, and Private Sector Affairs, confirmed on Friday that the government has reduced customs duties to zero on machinery, production equipment, and raw materials. This move aims to support Iraq's private sector and encourage industrial growth. Al-Lami also highlighted that several industries are now exporting goods to Gulf and neighboring countries.
Speaking...
A member of the committee, Mahasen Hamdoun, confirmed that they oppose the new decision, particularly the establishment of a 100 million dinar cap for property transactions. She argued that this limit is not suitable and does not meet the necessary requirements. Furthermore, she warned that such a decision could potentially contribute to money laundering activities.
Hamdoun emphasized the need for...
Edita Food Industries, a leading Egyptian snack food producer, has officially entered the Iraqi market through a strategic partnership with Tuama Jebur Abbas (TJA), a family-owned snack manufacturer based in Baghdad. This partnership marks a key milestone in Edita's regional growth strategy as the company acquires a 49% stake in TJA for $8 million through a capital increase.
As part...