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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

Siemens agrees EUR 700m Contracts in Iraq

Germany’s Siemens and the Iraqi Ministry of Electricity have agreed on the award of contracts valued at approximately EUR 700 million for Phase 1 of their “Iraq Roadmap“, covering short-, mid- and long-term addition of new highly-efficient power generation capacity, rehabilitation and upgrade of existing plants, and the expansion of transmission and distribution networks. The […]

Startups in Iraq “to Multiply Rapidly”

Top Mountain LLC hosted the first annual Business Canvas Erbil conference which was attended by 120 participants and took place in the Dedeman hotel. The conference was funded by the European Union and German Federal Ministry for Economic Cooperation and Development through GIZ. The event was also sponsored by GroFin Iraq, a financing organization that […]

KRI Airports improve Disaster Preparedness

The United Nations Development Programme (UNDP) and the courier company DHL , in partnership with the Joint Crisis Coordination Centre (JCCC) in Kurdistan Regional Government (KRG) conducted a workshop on Getting Airports Ready for Disasters (GARD) for the period 14th to 18th Apr. The workshop aimed to prepare airports personnel to handle the logistical situations […]

Iraqi Airways Launches Munich Service

By John Lee. Iraqi Airways has commenced flights from Baghdad to Munich, Germany. The Minister of Transport, Abdullah Laibi, headed the delegation on the first flight. The flights are scheduled to run on Sundays. (Source: Ministry of Transport)

GE, Siemens Electricity Deals “in Doubt”

By John Lee. The Financial Times has reported that the recently-agreed electricity deals with Siemens and General Electric (GE) are not certain to be approved. It quotes Minister for Electricity Luay Al-Khatteeb (pictured) as saying: “I don’t have financial allocations or the processes available at hand, it doesn’t allow me to cherry-pick the right consultancies […]

IBBC signs MoU with the German Counterpart

IBBC signs Memorandum of Understanding with the German Liaison Office for Commerce & Industry The Iraq Britain Business Council (IBBC) and the German Liaison Office for Industry and Commerce in Iraq (DWI) have signed a Memorandum of Understanding (MoU) to increase cooperation between the organisations to support and grow trade between the UK, Europe and […]

UK announces $43m Iraq Aid Package

A new UK aid package is to help the Government of Iraq to reinvigorate its economy and rebuild hospitals, schools and other vital infrastructure, allowing Iraqis displaced by conflict to return home and restart their lives, UK Minister for the Middle East Alistair Burt announced during a four-day visit to Iraq. The UK is the […]

“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”, […]

MAN Energy Solutions Cements Iraqi Deals

MAN Energy Solutions has successfully commissioned six MAN 18V32/40 engines in a cement factory in Samawa, Iraq, and delivered five more engines of the same type to a freshwater-treatment plant in Basra. “The country’s infrastructure has suffered greatly from armed conflict in the past and the re-electrification of Iraq is pivotal for further growth and […]

Germany Enhances Support for Community Policing in Iraq

This week the German Federal Foreign Office bolstered IOM’s Community Policing (CP) programme in Iraq by providing an additional 1.7 million Euros, raising Germany’s total contributions to this important effort to 5.7 million Euros. IOM’s CP programme aims to contribute to enhanced security and stability in Iraq, by facilitating dialogue between communities and law enforcement […]

Germany gives another EUR 22m for Stabilization in Iraq

The German Ministry of Foreign Affairs has contributed an additional EUR 22 million to the UNDP Funding Facility for Stabilization (FFS), which finances fast-track initiatives in areas of Iraq liberated from the Islamic State of Iraq and the Levant (ISIL). This brings the Ministry’s contribution to EUR 80.2 million and the total support from the […]