logo
Iraq aims to cover 70% of local medicine needs within two years

Iraq aims to cover 70% of local medicine needs within two years

Iraqi Newsa day ago
Baghdad (IraqiNews.com) – Iraq's pharmaceutical localization program is projected to cover 70% of the country's domestic medicine needs within the next two years, Hamoudi Al-Lami, the Prime Minister's Advisor for Industry and Development, announced on Monday (June 30, 2025).
Al-Lami stated that local pharmaceutical manufacturing is already seeing continuous growth, currently supplying 40% of Iraq's needs, including some cancer treatments. He revealed that this will be significantly boosted by the opening of several new factories later this year, including three facilities specializing in drugs for cancer and blood diseases.
This industrial expansion is backed by strong government support. Al-Lami noted that Ministry of Health contracts for purchasing locally-made drugs have risen to 600 billion Iraqi dinars, driven by Prime Minister Mohammed Shia Al Sudani's emphasis on public-private partnerships.
The strategy aims to achieve greater self-sufficiency in a vital sector, enhance healthcare security, and stimulate the national productive economy.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Iraqi power plants shut down due to Iran's declining gas supplies
Iraqi power plants shut down due to Iran's declining gas supplies

Iraqi News

time2 hours ago

  • Iraqi News

Iraqi power plants shut down due to Iran's declining gas supplies

Baghdad ( – The Iraqi Ministry of Electricity said on Tuesday that a reduction in Iranian gas supply has resulted in the closure of several power facilities and the loss of 3,800 megawatts. In contrast to the agreed-upon amounts of 55 million cubic meters per day between the two countries, the amounts of gas imported from the Islamic Republic of Iran have significantly decreased in recent hours, dropping to about 25 million cubic meters per day, according to Saad Farih, the director of the Fuel Directorate at the Iraqi Ministry of Electricity. This abrupt reduction caused many gas-fired power plants in Iraq to be out of order, according to Farih. Through ongoing cooperation with the Ministry of Oil, the Ministry of Electricity is making significant efforts to restore balance to the generating system and address some of the current shortfall by utilizing alternative fuels, according to the Iraqi official. The Iraqi Minister of Electricity, Ziyad Ali Fadel, said earlier that while Iraq generated 27,000 megawatts of electricity in 2024, the actual need was 48,000 megawatts. Fadel revealed in April that the ministry is undertaking initiatives that employ local fuel. He explained that achieving energy self-sufficiency and cutting dependency on imported fuel, which has led to a crisis in the country's electrical system in the last few years, are the main goals of the government's strategy to grow the energy sector. With the help of locally produced fuel, Iraq's electrical sector is set to make substantial progress toward power production projects, which will eventually lead to energy self-sufficiency.

Iraq's military expenditure hits $6.2 billion in 2025
Iraq's military expenditure hits $6.2 billion in 2025

Iraqi News

time6 hours ago

  • Iraqi News

Iraq's military expenditure hits $6.2 billion in 2025

Baghdad ( – Iraq is projected to allocate over $6 billion for its military in 2025, as reported by the American magazine CEOWorld. The US publication mentioned that Iraq is spending $6.2 billion on its military in 2025, which is 1.9 percent of its GDP and 0.2 percent of the world's total military budget. The US military budget, which is $997 billion, stands out amid escalating tensions and wars throughout the world. Compared to China's budget, which is around $314 billion, it is over four times greater. As countries deal with persistent issues, it appears that military spending is increasing globally, particularly in Europe and the Middle East. Over the past year, all five of the top military spenders have raised their budgets, which together account for more than 60 percent of total global military expenditures. Their combined expenditures came to an incredible $1.63 trillion. With 37 percent of global military spending, the United States is at the top, followed by China with 12 percent.

Baghdad-Erbil oil talks stall over federal refusal to sign written deal: Source
Baghdad-Erbil oil talks stall over federal refusal to sign written deal: Source

Rudaw Net

time7 hours ago

  • Rudaw Net

Baghdad-Erbil oil talks stall over federal refusal to sign written deal: Source

Also in Iraq Three suspected ISIS members killed in Kirkuk operation Three rockets target Kirkuk Iraq president appoints new Federal Supreme Court chief amid judicial turmoil Turkmen Front supporters block Erbil-Kirkuk highway over Kurdish appointment A+ A- ERBIL, Kurdistan Region - Negotiations between Erbil and Baghdad on resuming Kurdish oil exports have stalled, as the two sides have failed to reach consensus on a formal, written agreement, a source familiar with the talks told Rudaw on Tuesday. Speaking on condition of anonymity due to the sensitivity of the discussions, the source said, 'The federal government has not agreed to put the agreement in writing and wants it to remain verbal.' In contrast, 'The Kurdistan Regional Government [KRG] insists on a written deal.' According to the same source, Baghdad's reluctance stems from concerns that a formal agreement could be exploited by political rivals of Iraqi Prime Minister Mohammed Shia' al-Sudani ahead of Iraq's legislative elections, slated for November 11. Rudaw learned on Tuesday that a KRG delegation, led by Acting Natural Resources Minister Kamal Mohammed, returned to Erbil earlier this week after three days of talks in Baghdad aimed at resolving long-standing oil disputes. On Sunday, informed sources from both Erbil and Baghdad told Rudaw that the talks had been progressing in a 'calmer environment,' breaking past tensions. However, one of the main sticking points remains the volume of oil that the KRG is required to deliver to Iraq's State Oil Marketing Organization (SOMO). While Baghdad insists the KRG must export 400,000 barrels per day (bpd), Erbil has proposed an initial volume of 280,000 bpd, the sources added. Oil exports from the Kurdistan Region via the Iraq-Turkey pipeline have been halted since March 2023. This followed a ruling by a Paris arbitration court that found Turkey had violated a 1973 pipeline agreement by allowing Erbil to export oil independently of Baghdad's consent. Kurdistan Region Prime Minister Masrour Barzani stated last week that the suspension of exports has cost the Region over $25 billion in lost revenue. In February, Iraq's parliament amended the federal budget law to include a $16-per-barrel fee to cover production and transportation costs for international oil companies (IOCs) operating in the Region. The amendment also requires both governments to jointly appoint an international consultancy to audit and assess those costs. If they cannot agree on a firm, the Iraqi cabinet will make the selection. These changes were intended to facilitate the resumption of Kurdish oil exports. A technical delegation from Baghdad visited Erbil last Wednesday to discuss revenue-sharing mechanisms and other unresolved issues. Finalizing an agreement is seen as crucial to resuming payments to more than 1.2 million public sector employees in the Kurdistan Region. In late May, Iraq's finance ministry halted all budget transfers to the KRG, accusing the Region of exceeding its 12.67 percent share of the federal budget - a claim rejected by Kurdish political parties, who denounced the decision as unconstitutional and politically motivated. Hastyar Qadir contributed to this piece.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store