Iraqi Participation In The World Travel Market In London
Baghdad – WAA The Association of Travel and Tourism Companies in Iraq participated in the 45th edition of the World Travel Market (WTM) in London, which took place from November 4 to 6.
The Association of Travel and Tourism Companies said in a statement received by the Iraqi News Agency (INA) that “the Association, under the supervision, presence and participation of the Ministry of Culture, Tourism and Antiquities, represented by the Iraqi Tourism Authority, and a number of Iraqi travel and tourism companies and hotels from various Iraqi governorates, participated in the 45th edition of the World Travel Market (WTM) in London, which is being held from the 4th to the 6th of this month, where an official pavilion was allocated representing the Republic of Iraq.”
According to the statement, the Director General of the Tourist Groups Department at the Iraqi Tourism Authority, Mahdi Ghadhban, said that “the Authority is working to enhance the role of Iraqi tourism and support foreign participation in international exhibitions through the participation of private sector institutions represented by travel and tourism companies and hotels, and to raise the name of Iraq in international forums.”
For his part, Haider Amer Al-Dujaili,head of the Association of Travel and Tourism Companies in Iraq, affirmed that “the London World Travel Market and the active participation of Iraqi travel and tourism companies will contribute to achieving Iraq’s future goals and vision, and will enhance the role of the Iraqi private sector in the tourism field by highlighting the most important archaeological, civilizational and cultural landmarks on the land of the Tigris and Euphrates Valley.”
Al-Dujaili pointed out that “the goal of the participation is to highlight Iraq‘s role in this important sector, and that the association is working to increase the number of Iraqi travel and tourism companies in international exhibitions in the future, and to attract foreign tourists to Iraq.” https://ina.iq/ar/economie/247159-.html
Customs Reveals Its Revenue Figures For The Past Three Years, Describing Them As Unprecedented.
Baghdad – WAA The Director General of the General Authority of Customs, Thamer Al-Tai,confirmed on Tuesday that the recent government reforms in the customs and border crossings file have resulted in significant positive results, represented in increasing customs revenues to unprecedented levels since 2003, revealing the size of those revenues in 3 years.
Al-Ta’i told the Iraqi News Agency (INA) that “the General Authority of Customs represents one of the main pillars of the national economy, due to its pivotal role in supporting the economy and facilitating trade through its close cooperation with the Border Ports Authority,” noting that “developing work mechanisms and simplifying procedures has directly contributed to achieving this qualitative leap.” ]
He added that “the government reforms included implementing an automation system and modernizing the administrative structure of the authority and the departments operating at the border crossings, which directly impacted improving performance, increasing revenues, and reducing opportunities for corruption and manipulation.”
Al-Ta’i explained that “customs revenues recorded unprecedented figures, as:
-In 2023 it amounted to approximately 1 trillion and 700 billion dinars.
-It rose in 2024 to 2 trillion and 145 billion dinars.
– In 2025 it reached 2 trillion and 175 billion dinars.
He stressed that “these figures are the highest in the records of the General Authority of Customs since its establishment, and represent a clear indication of the success of the administrative and regulatory reforms adopted by the government.” He also clarified that “these revenues belong to the federal outlets affiliated with the federal government.”
The Director General of the General Authority of Customs pointed out that “the Authority adopted the method of simultaneous controland implemented the global system “ASYCUDA” in all federal border crossings,which contributed to automating customs procedures, increasing revenues and greatly reducing administrative and financial corruption.”
Al-Ta’i pointed out that “the Authority recently established the Customs Control Room, which includes a set of monitoring operations and works around the clock to monitor all customs centers through networking, analyzing sonar images, assessing risks and managing them.”
Al-Ta’i pointed out that “the General Authority of Customs is not just a revenue-generating body,
but a regulatory body that protects the national economy from manipulation and corruption, and constantly seeks to consolidate the principles of transparency and efficiency in customs work in a way that supports the economic reform process in Iraq.” https://ina.iq/ar/economie/247189-3.html
MP: Halting Imports Of Oil Derivatives Will Save The State 4 Trillion Dinars Annually
November 4, 21:43 Information/Baghdad… MP Ali Al-Lami confirmed on Tuesday that the decision to stop importing oil derivatives will save at least three to four trillion dinars annually for the state treasury.
Al-Lami told Al-Maalouma that “the Ministry of Oil’s decision to stop importing oil derivatives, especially gasoline, came after the completion of a series of strategic projects, most notably the new refineries and modern production lines, which contributed to adding large quantities to national production, creating a state of self-sufficiency for the local market.”
He added that “this decision will provide at least three to four trillion dinars annually that can be used to finance service projects within the governorates,” indicating that “there are additional projects to develop existing refineries and establish new ones, which may turn Iraq into a major source of oil derivatives, especially car fuel, within the next three years.”
Al-Lami emphasized that “importing petroleum products in previous years was very costly for the state treasury, but the situation has changed now thanks to the expansion of local refining capacity.
This contributes to diversifying the national economy and converting crude oil into value-added derivatives that can be exported at higher prices in global markets.” End/25
https://almaalomah.me/news/114608/economy/نائب:-إيقاف-استيراد-المشتقات-النفطية-سيوفر-4-تريليونات-دينار
Bank Of Baghdad Announces The Formation Of Its New Board Of Directors As Part Of The Banking Reform Program.
Tuesday, November 4, 2025, | Economic Number of reads: 249 Baghdad/ NINA / Baghdad Bank, one of the leading banks in Iraq, announced the formation of its new board of directors during the ninth extraordinary meeting of the General Assembly held on Tuesday, as part of the banking reform program.
The bank stated in a statement that:
“During the meeting, the following original members were elected to replace the resigning members: Tamara Hussein Al-Shadidi, Khaled Sharif Al-Hazza, Nidal Faiq Al-Qabaj, and Ahmed Tahseen Al-Ma’la (the authorized manager), and the reserve members: Yazan Bader Kurdi, Salah Muhammad Salim, Baidaa Salem Suleiman, Inas Abdul Rahman Al-Qaisi, Fadi Muhammad Ayad, Zuhdi Bahjat Al-Jayousi, Taha Jaafar, Ghassan Ahmed Salim, and Niran Sabri Ishaq.”
The statement continued:
“The new board of directors held its first meeting, during which Abdulkarim Alawi Al-Kabariti was elected chairman of the board, and Dara Nour El-Din was elected vice-chairman.”
In this context, Ahmed Tahseen Al-Ma’ala, the bank’s Managing Director, said:
“The new Board of Directors represents a strategic step towards strengthening corporate governance practices and consolidating the principle of separation between ownership and executive management.
We are proud to be the first Iraqi bank to implement the Central Bank of Iraq’s new framework,a step that reflects our firm commitment to developing banking operations in line with the highest international standards.” /End 8
https://ninanews.com/Website/News/Details?key=1260378
Combining Security, Flexibility, And Rewarding Returns… Al-Rafidain Launches Its Electronic Savings Card.
Economy | 04/11/2025 Mawazin News – Baghdad Rafidain Bank continues to consolidate the culture of saving as one of the pillars of financial stability and conscious planning for the future, by launching the electronic savings card that combines security, flexibility and rewarding returns, to be a modern tool that enables citizens to manage their savings easily and confidently.
The media office explained in a statement received by Mawazin News:
The electronic savings card allows its holders to open savings accounts electronically, and to conduct withdrawal and deposit operations at any time through the bank’s branches or ATMs spread throughout the country, while benefiting from the annual interest, which is calculated every six months on the savings account balances.
The bank confirmed that the launch of the card comes within the framework of the shift towards digital banking services and expanding the scope of financial inclusion, which contributes to enabling individuals to save safely and grow their savings in a sustainable way, noting that this step reflects Al-Rafidain’s commitment to providing innovative financial solutions that enhance trust between the citizen and the bank and keep pace with global developments in modern banking. https://www.mawazin.net/Details.aspx?jimare=269655
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