Latest Economy News

The prime minister's financial advisor, Midhar Mohammed Saleh, stated on Wednesday that a number of factors contributed to the increase in meat prices, emphasizing that this increase is only temporary and seasonal. He also noted that the stability of prices in the local market was caused by government assistance to farmers. He clarified that "because of the government's poli

Baghdad (IraqiNews.com) – The European Union (EU) and Iraq’s Parliamentary Investment and Development Committee announced on Tuesday that they would be working together on several projects to support the country’s economic growth. Major components of the agreement between the two sides include combating corruption, allowing the sharing of experience in economic and trade aff

Baghdad (IraqiNews.com) – The International Monetary Fund (IMF) confirmed on Wednesday that Iraq is making progress in non-oil GDP growth. An Iraqi delegation headed by the Minister of Finance, Taif Sami, held discussions with experts from the IMF in the Jordanian capital, Amman, according to a statement cited by the Iraqi News Agency (INA). The discussions focused on the

Baghdad (IraqiNews.com) – At a conference held in Iraq, the Iraqi Investment Commission and the South Korea-based Hanwha Company signed a memorandum of understanding (MoU) to resume operations in Bismayah. Iraq’s Prime Minister, Mohammed Shia Al-Sudani, attended the conference along with South Korea’s Land Minister Park Sang-woo, and Haider Muhammed Makkiya, the Head of the

Baghdad (IraqiNews.com) – Iraqi Prime Minister Mohammed Shia Al-Sudani attended a workshop in Baghdad to boost the construction sector, which coincided with the commencement of development on new residential communities throughout Iraq. Al-Sudani stressed that the whole nation faces a serious housing crisis and emphasized the government’s commitment about assisting private i