Al-Jaghbeer: The Industrial Sector Leads Economic Growth
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An American economic advisor confirmed Iraq's notable progress in construction and reconstruction, highlighting large investment opportunities. Maysan province began distributing 950 residential land plots to Al-Majar residents, while the Defense Minister laid the foundation for a new residential neighborhood for army personnel.
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Iraq and Saudi Arabia signed a cooperation memorandum to improve the efficiency of Iraqi power plants, while Jordan announced expanding its electrical grid connection with Iraq to 200 megawatts to enhance energy exchange and benefit from production cost differences. Iraq's Central Bank Governor revealed the lowest inflation rates and comfortable foreign reserves supporting currency stability.
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The National Laboratory for Housing and Construction signed a cooperation protocol with the Ministry of Higher Education to launch a national network of 8 incubators across 7 university hubs to boost innovation in housing, construction, and geotechnical engineering.
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Crown Prince and Prime Minister Prince Salman bin Hamad Al Khalifa emphasized the distinguished relations and close cooperation between Bahrain and Italy, highlighting the signing of several agreements to enhance bilateral partnership in various fields during his official visit to Italy.
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Egypt's Foreign Minister emphasized the vital role of the Multinational Force in Sinai, established under the Egypt-Israel Peace Treaty. Israeli accusations against Egypt of building military infrastructure and exceeding troop limits have been denied by Egypt, which described them as incitement.
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Samah El-Sayed, head of the Poultry Division, denied any decision to implement the law banning live bird trade in Giza, confirming that the law is still under study by the ministry with consideration for producers and consumers.
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Minister of Higher Education Kamal Badari announced the opening of 5900 financial positions for the resident doctors' competition scheduled for October 2025, a 34% increase compared to 2022. He also revealed financial support for innovative student projects and the development of new specializations in higher education.
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Saudi Housing Minister Majid Al-Huqail stressed that balanced real estate prices are essential for sustainable growth of the sector. The ministry is launching programs to increase supply and regulate the rental market, especially in Riyadh, where 81 million square meters of land have been made available for new projects.
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Donald Trump threatens to impose a 100% tariff on foreign films produced outside the United States, claiming it is necessary to protect the American film industry from foreign competition.
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Gold prices in Egypt are continuously changing due to global and local factors. On Monday, September 29, 2025, the price of 21-carat gold without making charges is 5147 Egyptian pounds.
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