Archive | Iraq Industry & Trade News

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

Russia wants More Projects with Iraq

By John Lee. Russian Foreign Minister Sergey Lavrov has said that Moscow is very interested in increasing trade, economic and investment ties with Iraq. Following a meeting on Wednesday with Iraqi Foreign Minister Mohamed Ali Alhakim, he said: “In the field of investment, especially in the hydrocarbon sector, there is a very good result. Lukoil, […]

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Jordan wins $40m deal to Furnish Projects in Baghdad

By John Lee. The Jordan Furniture Exporters and Manufacturers Association (JFEMA) has reportedly signed a memorandum of understanding to carry out furnishing and interior works projects in Iraq, with an estimated total value of $40 million. According to the Jordan Times, the work will include a project to furnish the largest commercial mall in Baghdad, […]

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Iraq Ranked Last in Good Country Index

By John Lee. Iraq has been ranked last out of 153 countries in this year’s Good Country Index, placing it just behind Libya and Yemen. Iran was ranked 138th. The idea of the Good Country Index to measure what each country on earth contributes to the common good of humanity, and what it takes away, […]

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Prioritising the Environmental Aspects of Iraqi Vision 2030

UNDP facilitate national discussions to prioritize the environmental dimensions of Iraqi vision 2030 By Sundus Abbas, SDGs focal point, UNDP Iraq. Launching a roadmap to prioritize environmental SDG targets and indicators in Iraq is highly important for the Government of Iraq, taken in consideration the current baselines, environmental risks, trends, synergies and trade-off with other […]

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GE Power Substation Inaugurated in Baghdad

Iraqi Ministry of Electricity and GE Power celebrate inauguration of Baghdad West North Substation Underlining their joint commitment to support the development of Iraq’s power infrastructure, the Iraqi Ministry of Electricity (MoE) and GE Power’s Grid Solutions business (NYSE: GE) celebrated the energization of the Baghdad West North substation. Located about 35 kilometers away from […]

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Exploring Tech in Iraq – Digital Innovation

By Alexander Southworth, Iraq Britain Business Council (IBBC). Exploring Tech in Iraq: ‘Sandoog – solving Iraq’s logistics nightmare by digital innovation’ There is a revolution happening in Iraq but not like the country has seen before. This revolution is based on advances in technology that are transforming the digital landscape of the country. The changes […]

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“Discussions Ongoing” between Siemens and Iraq

By John Lee. Talks are reported to be continuing between Germany’s Siemens and the Iraqi Ministry of Electricity regarding a major investment in the country’s electricity infrastructure. Lisa Davis (pictured), CEO of the Siemens Gas and Power Operating Company, and member of the corporation’s managing board, told The National last week that “discussions are ongoing”, […]

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Al Maseer Insurance joins IBBC

Iraq Britain Business Council (IBBC) has announced that Al Maseer Insurance Company has joined the Council. Founded in 2011, Al Maseer provide a range of insurance products covering the key sectors in Iraq: construction insurance, energy insurance, agriculture insurance, health insurance, marine insurance, motor insurance, property insurance. Chairman and  co-founder, Arak Fadhil Hameed Al-Bayati, said […]

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Doubling Iran-Iraq Trade on Horizon: Zarif

Iranian Foreign Minister Mohammad Javad Zarif, who is on an official visit to Iraq, highlighted the positive outcomes of the Iran-Iraq Joint Trade Conference in Baghdad and said the doubling of the bilateral trade “is on the horizon”. “Today, I, accompanied by 6 Iraqi ministers, addressed hundreds of participants at the Iran-Iraq Joint Trade Conference; […]

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