Latest Economy News

Bani Saad – In a small village in central Iraq, children cram into dilapidated classrooms in a converted farmhouse with open-air toilets, a symptom of how education has been neglected in the oil-rich but war-weary country. “We close the school when it rains because water leaks through the roof,” said Oudai Abdallah, director of a public elementary school in Bani Saad distric

Baghdad (IraqiNews.com) – The Iraqi Minister of Finance, Taif Sami, confirmed on Monday that the government had developed plans to accelerate financial and banking reforms. Sami’s remarks took place during a meeting with the World Bank Country Director for the Middle East Department, Jean-Christophe Carret, the World Bank Country Manager and Special Representative in Iraq, R

Baghdad (IraqiNews.com) – The Iraqi Minister of Agriculture, Abbas Jabr Al-Maliki, discussed this week sophisticated storage systems and smart rice and tomato farming techniques with a delegation from the South Korean company KRE. The Agriculture Ministry mentioned in a statement that Al-Maliki chaired a meeting with a delegation from KRE and officials from the Iraqi agricul

Baghdad (IraqiNews.com) – The Iraqi Prime Minister’s advisor on transport affairs, Nasser Al-Asadi, said on Thursday that the designs for the Baghdad Metro project have been completed. Al-Asadi explained that with 64 stations spread across 148 kilometers, the Baghdad Metro project will cover 85 percent of the capital city, including all holy sites, hospitals, colleges, and t

Shafaq News/ Iraq's Ministry of Electricity has signed a five-year contract with Iran to supply the country with natural gas. The deal, which was signed by Electricity Minister Ziad Ali Fadhel and the National Iranian Gas Company, will provide Iraq with 50 million cubic meters of gas per day. The gas will be used to generate electricity, which is in high demand in Iraq. T