KTFA:

Clare:  Our relationship with America will become stronger with an initiative that Al-Sudani will announce soon.. Expectations of his advisor

1/29/2025

Farhad Alaa Al-Din, the Prime Minister’s advisor for foreign affairs, confirmed in an article published in the English-language Emirati newspaper “The National” that Iraq offers great opportunities for American companies in the energy sector, confirming that there are discussions with several companies, including Exxon Mobil and Chevron.

He also said that the projects allocated to American companies in the coming years are estimated at tens of billions of dollars, while he expected Prime Minister Mohammed Shia Al-Sudani to announce a pioneering financial initiative that he said could change the business landscape in Iraq and strengthen its relationship with the United States.

KTFA:

Clare:  Iraq boosts financial stability with huge dollar and gold reserves in US, Europe

1/27/2025

A country that has huge reserves of hard currency is considered an economically stable country that can intervene at any time to address imbalances in the balance of payments structure. It also provides an important element in establishing the country's creditworthiness, enhances the country's credit rating in international transactions, and provides cover for its local currency.

The country that has reserves takes into account their diversification (securities, deposits, gold and bonds...) in addition to geographical distribution to reduce exposure to risks and provide returns that ensure the sustainability of these reserves.

KTFA:

Clare:  Central Bank of Iraq announces support for US investment opportunities

1/26/2025

 The Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, received on Sunday an official delegation from the United States headed by Steve Lutes, Vice President of the American Chamber of Commerce and President of the US-Iraq Business Council, in the capital, Baghdad.

A statement issued by the bank's media, received by Shafaq News Agency, stated that the meeting discussed strengthening banking and economic relations between Iraq and the United States, in addition to the upcoming visit of the Central Bank of Iraq delegation to Washington next April, which will include meetings with the American Chamber of Commerce and American companies.

KTFA:

Clare:  IBBC to Host Innovation Conference in Baghdad Next Month

1/25/2025  Baghdad – 

The Iraqi-British Business Council-IBBC announced on Saturday that it will organize an innovation conference next month in the capital, Baghdad, This announcement follows a successful visit by Prime Minister Mohamed Shia’ al-Sudani to the United Kingdom.

In a report followed by the Iraqi News Agency (INA), IBBC stated that “Iraq is stable, its economy is expanding and diversifying to meet the needs of the people.

KTFA

Clare:  Raed Fahmy: Iraq is exposed to increasing economic pressures under the Trump administration

1/24/2025  Baghdad - 

Iraq is facing increasing economic pressures under the administration of US President Donald Trump, Secretary of the Iraqi Communist Party, Raed Fahmi, said on Friday, calling on the government to reveal its plans to confront these risks.   LINK