Al-Sudani Affirms The Government's Support For Anyone Who Offers A National Industry With High Technology And Distinguished Specifications

 Al-Sudani Affirms The Government's Support For Anyone Who Offers A National Industry With High Technology And Distinguished Specifications

Saturday, June 14, 2025, | Economic Number of reads: 280  Baghdad / NINA / Prime Minister Mohammed Shia Al-Sudani affirmed the government's support for anyone who offers a national industry with high technology and distinguished specifications.

The Prime Minister's media office said in a statement: "Al-Sudani inaugurated today the Al-Alamiya factory for the production of medical and industrial gases, one of the private sector projects in Baghdad.

Al-Sudani toured the factory's departments, which is the first of its kind in Iraq, in terms of integrated production lines and operational energy efficiency, praising the efforts of the workers in this important industrial project.

Al-Sudani stressed that there are many projects in the governorates that need industrial gases, especially iron factories in Karbala, Basra, Salah al-Din, and the Kurdistan Region of Iraq."

He pointed to the government's support for the industrial sector in general, and for businessmen and industrialists in the private sector, and anyone who offers an achievement similar to this factory.

The Prime Minister stressed the support and provision of facilities for anyone who offers industry with high technology and distinguished specifications, pointing out the government's keenness to provide land for large industrial projects, which would open the door to important Iraqi industries that support the economy.

The factory was built on an area of ​​​​10 dunams at a cost of $ 32 million, and includes the tallest industrial tower in Iraq with a height of 69 meters, and its daily storage capacity is (1,250) tons of various products, while the production capacity of medical and industrial gases is (727,200) thousand tons annually, as nitrogen, argon, medical and industrial oxygen, and medical, industrial and food carbon dioxide will be produced.

The factory will meet about 80% of the needs of the Iraqi market for industrial and medical gases, and in the second phase, coverage and export will be completed. /End  https://ninanews.com/Website/News/Details?key=1234371

IRAQ & DINAR STATUS

 IRAQ & DINAR STATUS

Iraq is currently navigating a pivotal moment in its economic and monetary development.

 The Iraqi dinar has not yet revalued and remains restricted, pending parliamentary approval of critical budget tables.

 This approval is essential for enabling the dinar to enter global foreign exchange markets freely.

 Meanwhile, Iraq is preparing to host a major investment forum showcasing 150 pre-approved projects across 12 sectors, including agriculture, oil, gas, and manufacturing—signaling a strategic move toward economic diversification.

The country is also advancing in its accession process to the World Trade Organization (WTO), a significant step toward reducing sanctions and opening its markets.

 In parallel, Iraq is undertaking large-scale infrastructure projects, including the development of key ports and efforts to increase national revenue, reflecting optimism about future economic expansion.

International dynamics also play a role. 

Pressure from the United States and the United Nations to stabilize Iraq’s oil output highlights the country’s geopolitical importance.

 Additionally, legislative developments in the U.S.—such as a proposal to audit gold reserves—may signal broader shifts in global financial strategies.

However, uncertainty remains. Political instability, speculation about martial law, and unrest continue to present risks.

 While Iraq’s efforts to reform its economy and integrate globally show progress, sustained success will depend on domestic political coherence, external cooperation, and the timely execution of its economic agenda.

Dinar exchange rates: after the strikes! against Iran!! #iraqidinar #iqd #iraqidinarinvestor

 

Mazhar Saleh: The Government's Hypermarket Strategy Has Enhanced Market Stability And Reduced Inflation.

 Mazhar Saleh: The Government's Hypermarket Strategy Has Enhanced Market Stability And Reduced Inflation.

Time: 2025/06/14 12:02:55 Read: 1,080 times  {Economic: Al Furat News} The Prime Minister's financial advisor, Mazhar Mohammed Saleh, confirmed today, Saturday, that the government's trade policy, after adopting the semi-cooperative markets (hypermarkets) strategy, has represented an important development in the price defense policy against financing trade from the parallel exchange market currency, and has created sustainable and stable competitiveness in the pricing system.

Saleh explained in an interview with Al Furat News Agency, "This effective trade policy has led to the regularity and stability of the national market, particularly in the stability of the consumer price index, which is one of the pillars of measuring inflation in the country."

He pointed out that "the country is experiencing a significant decline in its annual inflation rate, coinciding with the approaching completion of the first half of this prosperous year."  LINK

TIDBIT FROM MILITIAMAN

 Militia Man

 We're invested in the Iraqi dinar.  We have a relationship with that country in the sense of investment...These guys have been where they were based off oil in the past.  They were at a significant era exchange rate.

 T oday they're at 1310...a triple zero stock ~ .000769.  

Keep in mind when that project delete the zeros changes the value of the exchange rate they redenominate and they add a real effective exchange rate.  That's what I'm looking for.

FIREFLY: Saleh back on TV today...talked about how a fixed rate is better than a floating rate #iqd

 

FRANK26: "SECURITY & STABILITY... MISSION ACCOMPLISHED!!!"

 KTFA

FRANK26: "SECURITY & STABILITY... MISSION ACCOMPLISHED!!!"........F26

Iraq to become "a Massive Success Story"

 

10th June 2025 

By Padraig O'Hannelly.
 
Iraq is experiencing unprecedented stability and security, creating significant opportunities for international businesses, according to Abir Burhan, Company Director of Al-Burhan Group (ABG), speaking at the Iraq Britain Business Council (IBBC) Spring Conference in London.
Burhan outlined how the operating environment has transformed dramatically over the past year, with the Iraqi government actively inviting international investment and reducing hostility towards foreign businesses. "We've been through the worst of it, and we finally see that Iraq is becoming really stable and secure," he told delegates.

ABG has positioned itself as a facilitator for international companies entering the Iraqi market, partnering with established firms including Menzies Aviation and Air BP to operate ground fuelling services at Iraqi airports. The company has achieved international operational standards with no reported incidents, demonstrating the viability of high-quality service delivery in the country.

"We allow companies to operate in a safe environment, to actually do their job, rather than worrying about the hurdles of dealing with the Iraqi infrastructure," Burhan explained.

The group has made substantial investments in Iraq's infrastructure over the past two years, including:

• A 300-room hotel development near Baghdad airport
• Construction of 1,200 affordable housing units in Wasit province
• Establishment of an operations centre to support international business activities

Burhan noted that ABG's security division has experienced reduced demand over the past year, which he views as a positive indicator of improving conditions. "We don't mind our security company not being busy, because we know that there are big advantages for businesses as well," he said.

The Operations Director expressed optimism about Iraq's economic prospects, predicting the country will become "a massive success story" within the next five to ten years. He emphasised the current government's commitment to attracting international investment and the noticeable improvement in security conditions.

Burhan acknowledged the pivotal role of the Iraq Britain Business Council in facilitating international business opportunities in Iraq over the past decade, describing their work as instrumental in bringing projects to fruition despite various challenges.

The comments reflect growing confidence in Iraq's business environment as the country continues to rebuild and modernise its economy following years of instability.

LINK