Iraq Economic News and Points To Ponder Monday Afternoon 10-12-26
The Judiciary Recovers 4 Billion Dinars In A Case Of Financial And Administrative Corruption
Money and business Economy News — Baghdad The Supreme Judicial Council announced on Monday the recovery of 4 billion dinars in a case of financial and administrative corruption.
The Judicial Council, in a statement received by "Economy News", that "the Rusafa Investigation Court competent to consider issues of integrity and money laundering, recovered a financial amount of 4 billion Iraqi dinars for the benefit of Rafidain Bank."
The competent judge explained that "the recovery process came against the backdrop of crimes of financial and administrative corruption, as part of the ongoing efforts of the judiciary to protect public money and combat corruption."
He added that "the judicial procedures and thorough investigations conducted by the court resulted in the recovery of this amount," stressing that "the continuation of legal proceedings against violators who follow illegal methods to achieve profits that harm public money. https://www.economy-news.net/content.php?id=74921
Iraq Ranked 99th Globally In The ICT Development Index For 2026
Money and business Economy News – Baghdad Iraq ranked 99th globally in the ICT Development Index for the year 2026, recording 79.4 points, according to data published by Visual Capitalist, which specializes in economic data and design.
The ranking is based on the International Telecommunication Union (ITU) Index, which measures the level of digital connectivity in 159 economies around the world, based on indicators including Internet access and use, network coverage, data consumption, and affordability of telecommunication services.
According to the data, Iraq came tied in the result with Colombia, ahead of the Dominican Republic, which scored 79.3 points, while Egypt came at 79.6 points, Tunisia at 80.1 points, Indonesia 84.7 points and Brazil 84.6 points.
At the global lead, Saudi Arabia topped the index 99.8, followed by the UAE 98.8 while the Gulf countries dominated five of the top ten, namely Saudi Arabia, the United Arab Emirates, Kuwait, Qatar and Bahrain.
In Europe, Estonia topped the European economies outside the Gulf with 98.5 points, followed by Finland with 98.4 points, while the United States came in ninth place in the world with 97.9 points.
The report concluded that the global index averaged 79 points, with 59 economies recording scores ranging from 90 to 100 points, compared to 15 economies with a score of less than 50 points.
The data also showed a wide improvement in the levels of digital communication, with 146 economies out of 151 economies covered by the index versions for 2023 and 2026 increasing in their scores https://www.economy-news.net/content.php?id=74935
After A Pause Of Decades. Iraq Is Preparing To Launch The First Commercial Flight From Jebel Ali To Basra
Money and business Economy News – Baghdad The General Company for Maritime Transport of the Ministry of Transport announced on Monday the approaching date of the launch of the first commercial flight of the national maritime carrier from the port of Jebel Ali in the UAE towards the province of Basra, in a move that reactivates the Iraqi maritime line (Iraq Line) after a long pause.
The company said in a statement received by "Economy News", that "preparations are continuing to launch the first commercial flight of the national maritime carrier through the Gulf, from the port of Jebel Ali towards the province of Basra, as part of efforts to reactivate the Iraqi maritime line."
“This step aims to enhance trade and maritime transport, provide competitive advantages in freight rates, facilitate procedures and improve safety standards.”
The company called on traders and importers wishing to transport their goods through the national maritime carrier to expedite the making of reservations, and to communicate through the official phone numbers announced and the approved website of the company.
The move comes within the framework of the Ministry of Transport's efforts to reactivate the Iraqi maritime line and strengthen its role in the movement of trade and the transfer of goods through Iraqi ports https://www.economy-news.net/content.php?id=74939
Al-Zaidi Launches The Distribution Of 110 Thousand Plots Of Land In Nineveh And Announces The Launch Of The One Million Farms Initiative
Money and business Economy News – Baghdad Prime Minister Ali Faleh al-Zaidi said on Monday that the government's goal is that no family from the people of Nineveh should remain without a piece of land, stressing the importance of the return of all the people of the province to their homes.
A statement issued by the Information Office of the Prime Minister, received by "Economy News", that "the Prime Minister, Ali Faleh al-Zaidi, launches the executive work of the project of one million residential plots (Watan Initiative), in the province of Nineveh by 110 thousand residential plots."
He stressed that "the goal of the government is not to keep a family of the people of Nineveh without a piece of land, in loyalty to the sacrifices of its people and their heroic positions," stressing "the government's keenness to return all the people of the province to their homes."
He pointed out that "in addition to the launch of the Watan initiative project, the initiative of one million farms will be distributed among Iraqis, in order to contribute to supporting the national economy, in addition to the projects of new cities with all the housing, economic and development projects https://www.economy-news.net/content.php?id=74941
Al-Zaidi Calls On International Companies To Invest In Mosul International Airport And Develop Its Services
Money and business Economy News – Baghdad Prime Minister Ali Faleh al-Zaidi on Monday called on international companies specialized in the management and operation of airports to invest in Mosul International Airport and develop its services, in line with the status of Nineveh province and its history.
The Information Office of the Prime Minister, in a statement received by "Economy News", that "Zaidi has sent an official invitation to international companies specialized in the management and operation of airports to invest in Mosul International Airport and develop its services, in a manner befitting the province of Nineveh and its great history."
The statement added that "this came during the visit of the Prime Minister to the city of Mosul to launch the executive work of the one million residential plots project, and follow-up service and development projects in the province, including Mosul International Airport."
Al-Zaidi stressed, according to the statement, that "the city of Mosul represents a civilized facade for Iraq and an important view of the world," stressing "the government's serious endeavor to complete vital projects in the province, to meet the needs of citizens and their service and economic requirements."
He explained that "Mosul International Airport is not only a service project, but is an important window for the province of Nineveh and Iraq in general, especially after the decision to return the province to the map of aviation and investment."
The Prime Minister stressed that "the government does not want international companies to build service halls, but to be a real partner in the development of the airport and turn it into an important service edifice that serves the province and contributes to strengthening its economic and investment position https://www.economy-news.net/content.php?id=74932