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Baghdad’s Ministerial Council Halts New Investment Projects Amid Economic Review

Economy Update – Baghdad

The Ministerial Council for Economy convened on Monday, where it was recommended to halt the inclusion of new investment projects unless they receive approval from the Council of Ministers, along with financial support from the Ministry of Planning and Finance.

During the third session of 2025, led by Deputy Prime Minister and Minister of Foreign Affairs Fouad Hussein, the council brought together key figures, including the Deputy Prime Minister and Minister of Planning, the ministers of Finance, Industry, and Labor and Social Affairs, the Governor of the Central Bank of Iraq, the Chairman of the Securities Authority, the Vice-President of the National Investment Authority, and economic and legal advisors to the Prime Minister. The council deliberated on the agenda items and reached necessary decisions.

Furthermore, the council hosted discussions with the Minister of Industry and Trade, the Director General of Industrial Development, and the Director General of the Trademark Registration Departments from both the Kurdistan Regional Government and the federal government. The focus was on establishing unified mechanisms for the registration of trademarks and factories across Iraq.

The council assessed the challenges related to the unification process, as presented by relevant stakeholders from both administrations. Joint meetings were proposed to define the procedures for streamlining the issuance of trademarks and laboratory registrations, which are critical for this vital economic sector. A committee was tasked with completing its work within 15 days and submitting a report for the council’s approval.

Additionally, the council reviewed draft recommendations made by its members to evaluate the financial and economic landscape in light of ongoing economic and political challenges at local, regional, and international levels.

In conclusion, the council recommended to the Council of Ministers that the inclusion of new investment projects be suspended unless they have received prior approval and the necessary financial allocations from the Ministry of Planning and Finance, before entering into any financial commitments.

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