The Iraqi Securities Commission confirmed on Thursday that a newly signed Memorandum of Understanding (MoU) with Egypt aims to boost cooperation, exchange expertise, and improve the regulatory frameworks for financial markets in both countries.
The MoU was signed under the patronage of Prime Minister Mohammed Shia al-Sudani at the government palace, bringing together the Iraqi Securities Commission and the Egyptian...
Hayan Abdul-Ghani Al-Sawad, Iraq’s Deputy Prime Minister for Energy Affairs and Minister of Oil, announced on Thursday that 2025 will see a rise in oil derivatives production.
During the first meeting of the Opinion Board for 2025, Al-Sawad emphasized the ministry's commitment to boosting production capacities within the refining sector. He highlighted that this year will bring a significant increase...
Iraq is working towards completing a new wastewater treatment facility in Basra by 2026. The facility will be one of the largest of its kind in the region and construction began in 2022. Basra, located at the confluence of the Tigris and Euphrates rivers near the Gulf in southern Iraq, is one of the few cities in the Middle...
Iraq imports between 50 and 75 kilograms of gold daily, excluding the Kurdistan Region, according to the Ministry of Planning. The ministry has clarified that gold imports are strictly regulated and can only occur through airports in Iraq.Abdul Zahra al-Hindawi, a spokesperson for the Ministry of Planning, revealed that an estimated 50 to 70 kilograms of gold enter the...
raq’s Minister of Environment, Halo Al-Askari, confirmed on Wednesday that the country is actively investing in environmental projects and taking steps to reduce environmental pollutants.
Speaking at the Iraq Energy Conference, Al-Askari highlighted the importance of the government's decision to separate the Ministry of Health from the Ministry of Environment, calling it a step in the right direction. He also...
Iraq’s Central Organization for Standardization and Quality Control (COSQC) has officially inaugurated its fourth unit for testing and hallmarking precious metals, including imported gold, at Kirkuk International Airport. The opening ceremony, led by Dr. Fayadh Mohammed Abdul-Dulaimi, President of COSQC, was attended by a range of prominent officials, including representatives from airport customs and border management.
Dr. Abdul-Dulaimi emphasized the...
Falah Al-Amiri, advisor to the Iraqi Prime Minister Muhammad Shia' al-Sudani on oil economy affairs, has warned that unexpected global events could push oil prices down to $60 per barrel. However, he emphasized that OPEC is unlikely to let prices fall below that unless there is another unforeseen crisis, like the one caused by the COVID-19 pandemic.
In his interview,...
Prime Minister Mohammed S. Al-Sudani recently met with Bandar bin Fahd Al-Fuhaid, President of the Arab Tourism Organization (ATO), to discuss strategies aimed at boosting Iraq’s tourism sector. The meeting marked a significant step in fostering regional cooperation and enhancing the country’s tourism infrastructure.
As a result of the discussions, two Memoranda of Understanding (MoUs) were signed with the Ministry...
U.S. engineering firm KBR has been awarded a $187 million contract by the U.S. Department of State to provide comprehensive medical support services in Iraq. The contract, part of the Diplomatic Platform Support Services (DiPSS) initiative, spans five years and is set to run through 2029.
Under the Medical Support Services Iraq (MedSSI) task order, KBR will operate a Diplomatic...