Archive | Iraq Industry & Trade News

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

KRG to Improve Protection for Intellectual Property

By John Lee. The Kurdistan Regional Government (KRG) has agreed that it will update and fully implement legislation on intellectual property, protecting the Kurdistan Region’s entrepreneurs, academics and businesses from infringement. A legal committee will also be established to review new draft legislation for approval in this session of the Kurdistan Parliament. (Source: KRG)

New Dutch Ambassador to Iraq

By John Lee. Foreign Minister Mohamad A. Alhakim received a copy of the credentials of the Dutch Ambassador to Baghdad Mr. Eric Strating. The bilateral relations between Baghdad and The Hague were discussed, as well as methods for enhancing fruitful bilateral cooperation in various fields, in addition to cooperation and coordination in international forums to […]

PM visits China as Business Relationship Strengthens

By John Lee. Prime Minister Adil Abd Al-Mahdi arrived on Thursday morning in the Chinese city of Hebei to participate in the World Conference on Industrialization. The visit follows the granting of two major contracts in Iraq to Chinese companies in recent weeks: China Construction Third Engineering Bureau will reportedly implement civil engineering projects and […]

New Swedish Ambassador to Iraq

By John Lee. Foreign Minister Mohamad A. Alhakim has received a copy of the credentials of Swedish Ambassador to Iraq Mr. Lars Ronnås. The two sides discussed bilateral relations and ways of enhancing them to serve the interests of the two friendly peoples. Minister Alhakim expressed Baghdad’s aspiration for a greater role for Sweden in […]

UK announces New Ambassador to Iraq

By John Lee. The UK’s Foreign & Commonwealth Office has announced that Mr Stephen Hickey has been appointed as British Ambassador to Iraq. He succeeds Mr Jon Wilks CMG, who will be transferring to another Diplomatic Service appointment. Mr Hickey will take up his appointment during November 2019. He has most recently served in New […]

Siemens and Orascom to rebuild Baiji Power Plant

By John Lee. Germany’s Siemens and Egypt’s Orascom Construction signed an agreement with Iraq’s Ministry of Electricity to rebuild Baiji 1 and Baiji 2 power plants in northern Iraq. The plants will have a combined generation capacity of 1.6 gigawatts (GW) when completed and are a major step in Siemens’ roadmap for rebuilding Iraq’s power […]

Iraq signs deal to Import Electricity from Gulf States

Iraq has signed a landmark deal with the Gulf Cooperation Council (GCC) for a power line to import 500 megawatts of electricity by 2020, local reports said on Sunday. According to the Iraqi Electricity Ministry, the 300-kilometre line will run from Kuwait to Iraq’s southern port of Faw and be financed by the GCC. Electricity […]

Al Nuwaira to supply UNOPS

By John Lee. Baghdad-based Alnuwaira Trading Agencies Co. [Al Nuwaira] has won a tender to supply and deliver one garbage compactor and one wheel loader to the United Nations Office for Project Services (UNOPS). The contract is valued at $245,000. (Source: UNGM)

Jordan’s Exports to Iraq Fall by almost 11%

By John Lee. Exports from Jordan to Iraq have reportedly fallen by 10.6 percent compared with the same period last year. The news has shocked some in the Jordanian business community, especially after the signing of trade deals between the countries. (Source: The Jordan Times)