The Central Bank And Al-Hadbaa University Sign A Joint Cooperation Agreement.
August 26, 2025 The Central Bank of Iraq/Mosul branch signed a joint cooperation agreement with
Al-Hadbaa Private University to enhance cooperation with academic institutions.
The agreement aims to open new avenues of cooperation between the two institutions, most notably by
providing lectures on the concept of financial inclusion and holding scientific seminars, as well as
cooperating in publishing scientific research.
It was also agreed that theCentral Bank of Iraq would provide Al-Hadbaa University with the
latest bulletins and publications issued by the bank.
Central Bank of Iraq Media Office 26 Aug 2025 https://cbi.iq/news/view/2965
Taif Sami: Iraq Is Witnessing Tangible Progress In The Field Of Tax Reform.
Money and Business Economy News – Baghdad Finance Minister Taif Sami confirmed on Monday that
Iraq is witnessing tangible progress in tax reform, while pointing to the government’s commitment to developing the tax system in line with international standards.
In a speech at the Tax Conference for Economic Development and Investment Promotion, the Minister of Finance said,
“This conference affirms the state’s commitment, under the direct supervision of Prime Minister Mohammed Shia al-Sudani and the Ministry of Finance,
to developing the tax system in line with international standards, contributing to diversifying non-oil revenue sources and increasing the state’s financial resources.”
She added, “Over the past period, we have worked to implement the government program through a series of reforms and measures, including
updating tax legislation and instructions,
developing tax accounting mechanisms,
protecting the state’s rights, and
achieving social justice.”
She pointed out that “the objectives of the National Reform Plan 2025-2030 are to boost domestic revenues with funding from the European Union and German organizations, review tax ceilings, expand electronic payment and collection services, and hance financial inclusion.
They also aim to identify obstacles to the effective implementation of tax policies and develop appropriate solutions, in line with the requirements of judicial oversight and sound financial management tools.”
She continued: “It also aims to stimulate economic legislation and investment activity in line with international transparency requirements, create an attractive and conducive business environment for the private sector, and
improve the economic operating environment by increasing the efficiency of financial procedures, reducing red tape,
encouraging start-up projects, and developing collection services using advanced electronic tax management systems to
enhance citizen and investor confidence in financial institutions and reduce corruption.”
She explained that “these efforts aim not only to increase public financial revenues, but also
to build an attractive economic and investment environment based on transparency and fairness in achieving sustainable development and enhancing national economic stability.”
Sami affirmed: “Over the past two years, we have achieved tangible progress on tax reform, as
confirmed by the data and figures related to the growth of domestic revenues,
which reflect the extent of the progress and achievements made.”
The Minister of Finance called on international partners, including financial institutions and international and regional organizations, to “effectively contribute to supporting the Iraqi tax reform plan by exchanging technical expertise and providing advisory, technical, and training support.”
She noted that “your participation with us in this process will be safe and decisive in
accelerating reform efforts and ensuring our adherence to international standards.”
The Minister of Finance concluded her remarks by emphasizing
“the Ministry of Finance’s commitment to the path of financial and tax reform,
in line with a national development vision and unlocking investment opportunities that benefit Iraq.”
views 264 Added 08/25/2025 – 1:12 PM https://economy-news.net/content.php?id=59218
The Central Bank Of Iraq Donates More Than 90 Billion Dinars To Revitalize Rashid Street.
Banks Economy News – Baghdad The Central Bank of Iraq announced on Monday that it has donated more than 90 billion dinars to revitalize Rashid Street.
The Central Bank’s media office stated in a statement received by Al-Eqtisad News that “the Central Bank has donated more than 90 billion dinars to revitalize Rashid Street, one of the most famous tourist destinations in the capital, Baghdad, by adding a tram line to it to become a prominent landmark in the center of old Baghdad.”
He pointed out that “the Council of Ministers, the Baghdad Municipality, the Ministry of Culture, and the Iraqi Private Banks Association worked to prepare and monitor the designs and implementation.”
He added, “The Central Bank sponsors numerous urban initiatives in various locations, such as the House of Cultural Affairs, contributing more than 3 billion dinars, as well as the Governor’s House site in the Government Palace Heritage Area near the Qishla, with an amount of 2 billion dinars.” https://economy-news.net/content.php?id=59216
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