Archive | Iraq Industry & Trade News

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

Siemens to add 700 MW to Rumaila Power Plant

Germany’s Siemens has won a contract to add 700 megawatts (MW) to the Rumaila Gas Power Plant, which currently has a power generation capacity of 1500 MW. Siemens will supply its highly-efficient SST-5000 steam turbines, ensuring the additional power supply comes at no extra fuel requirement while increasing the overall power plant efficiency to more […]

Basra Gateway Terminal joins the Iraq Britain Business Council

The Iraq Britain Business Council (IBBC) has announced that Basra Gateway Terminal (BGT) has joined the Council. BGT is one of Iraq’s premier container and multi-purpose cargo handling facility, with a team of high-performing Iraqi and International port professionals who deliver customer-focused, high productivity and congestion-free port services to Iraq’s economy. Situated in Umm Qasr, […]

Iraq: Building a Diversified and Modern Economy

IBBC Spring Conference 2018 Iraq: Building a diversified and modern economy  Tuesday 24 April at Mansion House, London IBBC’s Spring Conference returns on 24 April 2018, bringing to the heart of London the preeminent political and business figures involved in business and the economy of Iraq. The theme for this years’ conference is Iraq: Building […]

4 New Investment Opportunities in Iraq

By John Lee. The National Investment Commission (NIC) has announced four new investment opportunities in Iraq: Rubber industries Factory machines Guard rails for highways Aluminum/Aluminium factory (Source: National Investment Commission) (Picture: Business opportunity word cloud, from ibreakstock/Shutterstock)

Iraqi Boat-Makers struggle to keep their Trade Afloat

By Wassim Bassem for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News.  When Iraqi Prime Minister Haider al-Abadi paid a visit to the Iraqi marshlands in September 2017, photos showed him on a mashoof, the traditional narrow canoe that has been […]

Economy to Grow 1.5% in 2018, 4.5% in 2019

By John Lee. The Iraqi economy is forecast to grow 1.5 percent in 2018, according to a report from BMI Research, a unit of rating agency Fitch. It goes on to predict that the economy will jump 4.5 percent in 2019 as a result of reconstruction efforts. (Source: MENAFN)

GE “Helps Najibiya Power Plant Reduce Downtime”

GE Power has installed its Advanced Gas Path (AGP) gas turbine upgrade solution at the Iraqi Ministry of Electricity’s (MOE’s) Najibiya Power Plant. The solution is expected to enable the MOE to increase the duration between the maintenance inspections of the gas turbines. This will decrease the downtime of the turbines and improve the availability […]

Abadi visits Japan to Boost Trade

Prime Minister Haider al-Abadi has arrived in Tokyo for discussions with major Japanese industry and government. He met the CEO of Sumitomo Corporation, Kuniharu Nakamura to discuss future projects in Iraq, including the establishment of factories for car manufacturing in Iraq and providing after-sales services. He also met Hiroyuki Ishige, Chairman and CEO of the […]

Al-Nukhba-OFS joins the IBBC

The Iraq Britain Business Council (IBBC) has announced that Al-Nukhba-OFS FZCO has become the latest member to join the Council. Al-Nukhba OFS is one of Iraq’s preeminent organisations, involved in numerous sectors of the economy with many years of experience and has developed strong relationships with a host of international companies. Al Nukhba OFS started […]