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14/11/2025 03:39 AST
Iraqi Prime Minister Mohammed Shia al-Sudani said on Saturday that foreign investments in his country in the past two years have reached $100 billion in various fields.
He told a business event: "We cannot delay in meeting the needs and hopes of the people or remain hostage to a single source of income for the budget."
"The private sector is a partner and backer in helping us achieve our vision in structuring the economy," he added.
He said there are more investment projects with local and foreign companies on the way.
"This is clear evidence that the government is forging ahead in preparing an attractive environment for investment in the country," Sudani stressed.
Moreover, he said his government was working on restructuring the Iraqi economy, explaining that it was a "pressing need" for a state to carry out its duties.
"We are witnessing a changing world, so we cannot delay in restructuring the economy and supporting the private sector. This issue has been delayed for decades due to wars and conflicts," remarked the PM.
The World Bank's International Finance Corporation (IFC) signed a $500 million investment contract with Iraq's Basrah Gas Co. on Saturday for associated gas and the development of facilities at the Umm Qasr port, the prime minister's office said.
Asharq Al Awsat
| Ticker | Price | Volume |
|---|
| Index | Closing | Change |
|---|---|---|
| NIKKEI 225 | 36,581.76 | -251.51 (-0.68 |
| DAX | 18,699.40 | 181.01 (0.97 |
| S&P 500 | 5,626.02 | 30.26 (0.54 |
14/11/2025
The International Monetary Fund is seeing signs of strain in the US economy with fourth-quarter growth likely decelerating from previous forecasts, but a lack of data due to the government shutdown h
Asharq Al Awsat
13/11/2025
Toyota Motor Corporation has begun production at its $13.9bn North Carolina battery plant as it ramps up hybrid production and confirms plans to invest $10bn over five years in United States manufact
Aljazeera.com
13/11/2025
United States President Donald Trump has signed a federal government spending bill less than two hours after the House of Representatives passed it, bringing an end to the longest government shutdown
Aljazeera.com
13/11/2025
Germany is using a massive fund for the wrong purposes and it risks providing just a minor boost to the struggling economy, experts warned Wednesday, as they cut their 2026 growth forecast.
AFP
12/11/2025
Alphabet's Google will invest 5.5 billion euros ($6.41 billion) in Germany in the coming years in a push to expand its infrastructure and data centre capacity in Europe's largest economy, company and
Reuters
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