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Wednesday, January 14, 2026

Iraq Advances Water Infrastructure Development in Kurdistan Region

The Kurdistan Regional Government (KRG) continues to make strong progress in modernising the Kurdistan Region’s water infrastructure. Officials announced that several large-scale projects now improve water management,...
HomeEconomyIraq Seeks Return of Vanished Assets Abroad

Iraq Seeks Return of Vanished Assets Abroad

Iraq has started a bold effort to reclaim its vanished assets abroad. Leaders believe billions remain hidden overseas.The foreign relations committee in parliament leads this national recovery campaign. They aim to bring back lost state properties.

Lawmakers believe many assets still exist in Africa, Asia, and Europe. These investments belong to the Iraqi people.

During the Arab League summit, Somalia’s president surprised Iraqi officials. He revealed an Iraqi oil refinery near Mogadishu.

Iraq had forgotten about this facility for decades. But the refinery remains intact and in working condition.This discovery sparked fresh hope in Baghdad. Officials believe more vanished assets abroad may still exist today.

Some investments date back to the Saddam Hussein era. Governments since then failed to track these state-owned properties.

Others disappeared during years of war, sanctions, and leadership changes. Now Iraq wants to fix those mistakes.

The foreign committee contacted embassies and ministries. They asked for help locating hospitals, land, and industrial projects.Officials expect to find more examples like the Somali refinery. These properties could restore value to Iraq’s economy.

Ministers plan to send legal teams abroad. Their goal is to prove Iraq’s ownership and recover these holdings.

Iraq wants full control over its forgotten global investments. Officials insist that these are part of national wealth.The recovery mission also sends a message. Iraq is taking serious steps to fight corruption and neglect.

Lawmakers called this campaign a vital part of rebuilding. The country cannot ignore its vanished assets abroad.

Parliament now demands quick action. Every day lost puts Iraq’s wealth further out of reach.This campaign could bring huge benefits. Iraq would gain both money and stronger global ties.

Public support continues to grow. People want their leaders to recover every last piece of stolen or forgotten value.

With more effort, Iraq can regain trust and economic strength. Its vanished assets abroad still hold great promise.