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Germany – Kurdistan Iraq Business & Trade News – German Consul General, Erbil, Kurdistan, cultural ties, educational ties and more – brought to you by Iraq Business News

Local Police Service Road Map Inaugurated

Ministry of Interior officially inaugurates the Local Police Service Road Map On 12 November 2018 Lt. Gen. Moafaq Abdulhadi Tawfik, Deputy Minister for Police Affairs Agency officially inaugurated the Local Police Service Road Map of Iraq at the Ministry of Interior, in a ceremony held in the Agency headquarters in Baghdad. The overall objectives of […]

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UNDP, Germany support the Criminal Reform Process

UNDP and Germany support the Reform Process on the Conduct of Criminal Investigations in Iraq On 7 November 2018 the German Ambassador to Iraq, Dr Cyrill Nunn received in the German Embassy UNDP-Iraq Country Office representatives and Iraqi representatives of the Higher Judicial Council, the Ministry of the Interior and the Office of the National […]

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Siemens, GE must share Iraq Electricity Deal

By John Lee. Both Germany’s Siemens and US-based GE have signed deals with the Iraqi government on Sunday to provide major additional power generating capacity to Iraq. Following a hotly-contested competition, the two rivals are to share the work, with GE supplying 14 Gigawatts (GW), and Siemens 11 GW. (Sources: GE, Siemens)

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Siemens Wins 11GW Iraq Power Contract

Siemens in landmark MoU to repower Iraq, support economic prosperity Siemens and the Ministry of Electricity of the Republic of Iraq have entered a milestone agreement to seek the implementation of the company’s roadmap for repowering Iraq. Signed by Qasim Al-Fahdawi, Minister of Electricity, and Joe Kaeser, President and CEO of Siemens AG, the Memorandum […]

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Siemens may have to share $15bn Power Deal with GE

By John Lee. Germany’s Siemens may have to share a $15-billion contract to supply power-generation equipment to Iraq with US rival General Electric (GE). The Financial Times reports that although it appeared that Siemens would win the deal, the Trump administration successfully intervened on behalf of GE. Last month German business newspaper Handelsblatt reported that […]

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12 Projects to Improve Essential Services in Iraq

The Federal Republic of Germany, UNDP’s Iraq Crisis Response and Resilience Programme (ICRRP), along with the administrative authorities of Halabja and Sulaimaniyah Governorates and Garmiyan and Raparin Administrations today initiated 12 projects to improve essential services for an estimated 680,000 people. The projects target critical needs in the electricity, water, roads, and sewerage sectors and […]

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Trade Bank in talks to Buy a Gulf Lender

By John Lee. The state-owned Trade Bank of Iraq (TBI) is reported to be in talks to buy a Gulf bank with branches in the United Arab Emirates (UAE) and Qatar. Chairman Faisal al-Haimus told Reuters that talks are underway and the purchase is expected to be completed in six to eight months. The name […]

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German-Owned Security Printing Plant opens in Baghdad

The Iraqi Ministry of Interior has commissioned German-based Veridos to build and operate factory for the production of Iraqi security documents. According to a statement from the company, it will provide Iraq with secure national ID cards and a reliable, consistent national register. The entire production process of the documents will be in Iraqi hands. […]

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Siemens Pushes for Major New Iraq Electricity Deal

By John Lee. German business newspaper Handelsblatt reports that Chancellor Angela Merkel has personally intervened with Prime Minister Haider al-Abadi to persuade the Iraq Government to sign a major contract with Siemens to upgrade the country’s electricity infrastructure. It is understood that the State Secretary for Economic Affairs, Thomas Bareiß, accompanied Siemens Chief Executive Joe […]

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Siemens to Boost Power Output at Al-Sadder

In line with Iraq’s goal to improve the efficiency and availability of the country’s power plants, Siemens will provide inspection and upgrade services for two power generation units at Al-Sadder Power Plant. Located in Baghdad, the 600-megawatts (MW) facility is one of the country’s major power plants that currently supplies approximately 600,000 homes with power. […]

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Caparol Paints signs Strategic Agreements in Iraq

By John Lee. German-based Caparol Paints has reportedly signed strategic partnership agreements with a number of contractors from Iraq to increase its market reach in the country. According to a press release, the company hosted contractors from various parts of Iraq to provide them with firsthand experience of Caparol’s paints and techniques. This is part […]

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