IMF welcomes Iraq’s entry into non-financing program

Baghdad (IraqiNews.com) – The Iraqi Prime Minister, Mohammed Shia Al-Sudani, met on Thursday with Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), who welcomed Baghdad’s accession to a non-financing program to support economic reform in Iraq. The Prime Minister’s Office (PMO) mentioned in a statement that meetings with the IMF will begin next

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Chinese government to hold conference on Iraq’s Development Road project

Baghdad (IraqiNews.com) – The Chinese Ambassador to Iraq, Cui Wei, said that the Chinese government intends to hold a conference on Iraq’s Development Road project. Wei’s remarks took place during his meeting on Thursday with the Iraqi Minister of Transport, Razzaq Al-Saadawi, in Baghdad, to discuss cooperation between Iraq and China. “We look forward to strengthening the

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840 companies take part in Baghdad International Fair

Baghdad (IraqiNews.com) – The activities of the 47th version of the Baghdad International Fair kicked off on Wednesday, under the auspices of Prime Minister Mohammed Shia Al-Sudani, with the participation of 840 companies from different countries. The director of the State Company for Iraqi Fairs and Commercial Services, a subsidiary of the Iraqi Ministry of Trade, Mustafa A

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Iraqi PM reviews Ernst & Young’s plan to restructure Rafidain Bank

Baghdad (IraqiNews.com) – The Iraqi Prime Minister, Mohammed Shia Al-Sudani, met on Thursday with representatives of Ernst & Young and senior Iraqi officials in the financial sector to discuss the company’s plan to reorganize Rafidain Bank’s operations. The Iraqi officials who attended the meeting included the Minister of Finance, the Governor of the Central Bank of Iraq

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Iraq reports over $97 billion in 2023 oil revenue

ERBIL, Kurdistan Region - Iraq pocketed $97.5 billion from oil sales in 2023, a significant decline from 2022’s record-setting $115 billion. Iraq exported more than 108 million barrels of oil during the month of December, averaging 3.4 million barrels per day at an average rate of around $77 per barrel. The sales brought in a total revenue of $8.316 million for the last mont

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