Archive | Iraq Industry & Trade News

Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.

Iraq, Jordan consider Joint Industrial Zone

Jordanian Prime Minister, Omar Razzaz, on Monday met with Iraqi Defence Minister, Irfan Hayali, to discuss the Jordanian-Iraqi relations. Razzaz underlined the depth of the historic Jordanian-Iraqi relations and the keenness to enhance joint cooperation to serve the interests of both countries and their peoples. The premier also pointed to the directives of His Majesty […]

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New Investment Opportunities in Iraq

By John Lee. The National Investment Commission (NIC) has announced new investment opportunities in Iraq: Glass production, State Company for Glass and Refractories Industry (SCGR) Drugs and Medical Appliances (Samarra), State Company for Drugs and Medical Appliances (Source: National Investment Commission) (Picture: Business opportunity word cloud, from ibreakstock/Shutterstock)

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KRG PM receives new Consul General of the Netherlands

The Prime Minister of Iraqi Kurdistan, Nechirvan Barzani, received the Netherlands new Consul General to the Kurdistan Region, Mr. Willem Consijn and his accompanying delegation. Consul General Consijn stressed his country’s willingness to strengthen the relations with the Kurdistan Region. Prime Minister Barzani congratulated Consul General Consijn on his new position and wished him success […]

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Cabinet Approves Funding for Infrastructure Projects

The Cabinet held its weekly regular meeting in Baghdad on Tuesday under the chairmanship of Prime Minister Haider Al-Abadi, and discussed progress in the implementation of measures to improve the delivery of essential services across Iraq. It approved an allocation of 4 billion Iraqi dinars for the comprehensive and immediate maintenance of the soil barrier […]

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Electricity Ministry Denies Saudi Solar Power Deal

By John Lee. The spokesman for the Ministry of Electricity, Dr. Musab Sari al-Mudaris [Mussab Serri al-Mudaris] (pictured) has denied reports that he had told Bloomberg about an agreement to buy electricity from Saudi Arabia. He said the statement from the news agency is incorrect. Bloomberg had cited Mudaris as saying that Saudi Arabia agreed […]

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Minister for Electricity Suspended

By John Lee. Prime Minister Haider al-Abadi suspended Electricity Minister Qassim al-Fahdawi (pictured) on Sunday for what he described as the “poor performance of the sector“. Protests against unemployment and poor public services turned violent earlier this month, with several protesters killed. Many areas of Iraq are struggling to cope with insufficient electricity supply during […]

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New Investment Opportunities in Iraq

By John Lee. The National Investment Commission (NIC) has announced new investment opportunities in Iraq: Sugar production, General Company for Food Products Tyre production, State Company for Rubber Industries and Tyres (Source: National Investment Commission) (Picture: Business opportunity word cloud, from ibreakstock/Shutterstock)

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Prime Minister Barzani receives Saudi Delegation

KRG Prime Minister Nechirvan Barzani received a delegation from the Kingdom of Saudi Arabia including President of the Chambers of Commerce of Saudi Arabia Dr. Sami bin Abdullah Al-Obaidi, Saudi Ambassador to Iraq Abdulaziz al-Shammari, Saudi Consul General to the Kurdistan Region Mansour Faisal al-Otaibi and a number of officials and members of Saudi Chambers […]

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Kuwait donates Generators to Iraq

Kuwait has donated 17 mobile electric generators with a total capacity of 30,000 kilowatts to Iraq, the Undersecretary of the Kuwaiti Ministry of Electricity and Water, Mohammed Bushehri has announced. In a press statement, Bushehri said the donation came “to alleviate the electricity crisis in the Iraqi city of Basra”. “In the light of the […]

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New Investment Opportunities in Iraq

By John Lee. The National Investment Commission (NIC) has announced new investment opportunities in Iraq: Glass production, State Company for Glass and Refractories Overhead Cranes, State Company for Steel Industries Fallujah Cement Plant, Iraqi State Cement Company (Source: National Investment Commission) (Picture: Business opportunity word cloud, from ibreakstock/Shutterstock)

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Internet Shutdowns Cost Iraq $40m/day

By John Lee. An Iraqi government block on internet access is reportedly costing the country $40 million per day in lost business, sales and opportunities. The estimate is from the COST tool, based on the Brookings Institution economic impact methodology for internet shutdowns, using data collected by the NetBlocks internet shutdown observatory in collaboration with […]

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