Iraq Economic News and Points To Ponder Tuesday Afternoon 7-14-26
Washington. Zaidi And Barak Review The Course Of Economic Relations Between The Two Countries
Money and business Economy News — Baghdad Prime Minister Ali al-Zaidi and US President Tom Barak's special envoy on Tuesday stressed the importance of supporting efforts to enhance security and stability in the region, stressing the pivotal role that Iraq can play in bringing views closer.
The Prime Minister's Information Office said that "Al-Zaidi received on Monday evening Baghdad time, at his residence in Washington, D.C., the special envoy of the US President to Iraq, Tom Barrack, and during the meeting they discussed the prospects of joint cooperation between Iraq and the United States of America."
He added: "The meeting also reviewed the course of economic relations between the two countries, and the recent development, and ways to expand the areas of cooperation and partnership."
The statement pointed out that "the meeting dealt with the developments of the situation in the region, and the importance of supporting efforts to strengthen security and stability and reduce levels of tension, and the pivotal role that Iraq can play in bringing views closer and contributing to calming the situation at the regional level."
https://www.economy-news.net/content.php?id=71359
Al-Zaidi calls on Iraqi businessmen in America to invest and return to the reconstruction of the Nineveh Plain
Money and business Economy News — Baghdad Prime Minister Ali al-Zaidi called on Iraqi businessmen in the United States, especially members of the Christian community, to invest in the sectors of education, health and oil industries, and to participate in the reconstruction of the Nineveh Plain.
Al-Zaidi’s invitation came during a meeting at his residence in Washington, D.C., on Monday evening, with a number of representatives of the Iraqi Christian community and Iraqi businessmen residing in the state of Michigan.
The meeting discussed, according to a statement by the Zaidi Office, the situation of the Iraqi community in the United States, the prospects for expanding its participation in development and investment efforts inside Iraq, as well as the opportunities available to Iraqis in the diaspora to contribute to the diversification of the national economy.
Al-Zaidi stressed that the government views the cultural and religious diversity of Iraqi society as a human wealth, both inside the country and in the diaspora, calling on Iraqi businessmen in general and Christians in particular to invest in the sectors of education, health, industries and oil products.
He pointed out that the government is working on plans to increase oil production significantly over the next three years, along with expanding investment opportunities and partnership with foreign companies.
The Prime Minister welcomed the return of Iraqi Christian families to the country and participation in the reconstruction of the Nineveh Plain, stressing the government's commitment to protect the historical presence of Iraqi components and enhance their participation in public and economic life.
The meeting also discussed opportunities to open branches of US banks in Iraq, which contributes to facilitating trade exchange and investment and strengthening economic relations between Baghdad and Washington.
For their part, representatives of the community and businessmen expressed their readiness to enter the Iraqi market and establish partnerships between US companies and the public and private sectors in Iraq, in order to support the diversification of the economy and expand cooperation in various fields. https://www.economy-news.net/content.php?id=71360
International Labor Launches A New Project To Sustain The Green Environment Of Iraq
Money and business Economy News — Baghdad Within the framework of the AFAC partnership funded by the Kingdom of the Netherlands, the International Labour Organization (ILO) has officially launched a new afforestation project within the intensive investment program in Zakho, Kurdistan Region of Iraq.
The project began with an inaugural meeting that brought together the independent Zakho administration, the University of Zakho and other key stakeholders to launch the project, develop coordination mechanisms and agree on the implementation plan.
By planting more than 16,350 trees, the project will provide short-term employment opportunities for community members, contribute to the restoration of the environment, provide greener public spaces, and enhance climate change resilience in the Zakho region.
This initiative reflects the ILO’s commitment to promoting decent work and supporting sustainable environmental and community development. https://www.economy-news.net/content.php?id=71366
Dohuk. The Arrival Of Dutch Equipment In Preparation For The Operation Of The Plastic Waste Recycling Plant
Money and business Economy News – Baghdad The Department of Municipalities of Duhok province announced on Tuesday that the project to establish a plastic waste recycling plant in the Kawashi industrial area of the district of Smil has reached its final stages, while confirming that the equipment of the factory has arrived from the Netherlands in preparation for the start-up.
The Director of the Department of Municipalities of Duhok Governorate, Diyar Bahri, said that "the plastic waste recycling plant, which is being established in the Kawashi industrial area of the province of Smil, west of Duhok province, is one of the joint environmental projects between the Kurdistan Regional Government, the VNG International and the Dutch government, and aims to reduce pollution and create new job opportunities."
He added that "the factory building has been completed in full, while its equipment has arrived from the Netherlands," explaining that "the project will work to collect plastic waste, recycle it and convert it into products used in schools, municipalities and roads, such as chairs, seats, barriers and flower basins, instead of remaining in the environment for decades."
Bahri pointed out that "the project is in line with the program of the Kurdistan Regional Government, which focuses on protecting the environment and reducing pollution through waste management and recycling in modern ways."
He explained that "there is another project being implemented in cooperation with the organization (VNG International) to establish a laboratory specialized in the production of compost fertilizer in accordance with professional standards, in order to benefit from organic waste and turn it into an approved agricultural product."
He pointed out that "the production capacity of the plant in its first phase will reach about 100 tons per year, with plans to increase production in the coming stages through continued cooperation between the Kurdistan Regional Government and the Dutch government."
Bahri stressed that "the project will contribute to reducing the environmental damage caused by plastic waste, and turning it into usable products, as well as achieving economic return and providing new job opportunities in the district of Smil and the province of Duhok https://www.economy-news.net/content.php?id=71380
To Lift The Ban On Airlines. Minister Of Transport Agrees With EU Ambassador To Hold Urgent Meeting
Money and business Economy News – Baghdad The Minister of Transport, Wahab al-Hassani, agreed on Tuesday with the Ambassador of the European Union to Iraq, Clemens Siemtner, to hold a close and urgent meeting at the specialized level between the Iraqi and European sides, to determine and meet the requirements necessary to lift the European embargo imposed on the green bird (Iraqi Airways).
During the meeting, which was attended by the Director of the Cooperation and Projects Department of the European Mission, Vim Rimba, the two sides discussed the basic arrangements for the embargo file, which is a top priority for the Iraqi government in the next phase.
During the talks, the Minister of Transport stressed that accelerating the lifting of the European embargo will strengthen the complementary situation and joint cooperation projects between Iraq and the European Union countries, foremost of which is the "strategic development road" that will link the global trade movement from the east to Europe through Iraqi territory.
For his part, the Ambassador of the European Union praised the keenness of the Iraqi Ministry of Transport and its high seriousness in the success of the task of lifting the ban on airlines, praising the aspirations of the ministry to develop bilateral relations.
The ambassador also stressed the interest of the European Union countries in building partnerships and sustainable cooperation with Iraq in the transport and infrastructure sectors https://www.economy-news.net/content.php?id=71382