Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
By John Lee. Under the patronage of Minister of Industry and Minerals, Dr. Engineer Khaled Battal Al-Najm, the ministry's Development Advisor, Qaisar Ahmed Al-Hashimi, inaugurated a copper recycling plant in Dhi Qar's General Company for Electrical Industries. This project, in partnership with a private Iraqi company, aims to produce 3,000 tons of copper rods annually. […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Shock ruling indicates tension over authority among Iraq's top courts A judicial crisis has blown open as Iraq's Federal Court of Cassation (FCC) has for the first time overturned a ruling by the […]
From the Iraq Britain Business Council (IBBC): IBBC hosted the sixth Iraqi SME conference at the Methodist Hall in Westminster. With over 40 companies visiting from Iraq and leaders of the chambers of commerce, the agenda was full and designed to meet their business and trading requirements from the UK. Baroness Nicholson opened the conference with […]
By John Lee. Iraq's Council of Ministers (Cabinet) has imposed n additional 20 percent customs duty on imported steel rebar (10-32 mm) from all sources. The new rate is effective for four years starting October 3, 2024, and applies to tariff code 72142000. The Ministry of Industry and Minerals will monitor import increases compared to […]
By John Lee. Iraqi Prime Minister Mohammed Shia' Al Sudani inaugurated the second specialized workshop to support the private industrial construction sector. During the event, a cooperation agreement was signed between the Trade Bank of Iraq (TBI) and the German Export Credit Agency to finance private sector development projects under the government's sovereign guarantee initiative. […]
By John Lee. Arabian Business reports that Abu Dhabi-based property developer Eagle Hills has bought land in Baghdad for a $1.5-billion golf real estate project. It says the Baghdad Golf Course and Spa will feature a world-class golf course, high-end residential neighbourhoods, a five-star hotel, and an exclusive resort club. Eagle Hills was founded by […]
By John Lee. The United Nations Development Programme (UNDP) has issued a new 49-page report on investment opportunities aligned with Iraq's Sustainable Development Goals (SDGs) in target markets and sectors. The report identifies investment opportunities in the following areas: Food Processing Mid-tech Greenhouses Specialty Dairy Products EdTech Platforms Low-fee Private Schools Education Infrastructure Utility-scale Solar […]
By John Lee. Iraq's Minister of Industry and Minerals, Dr. Khaled Battal Al-Najm, discussed cooperation mechanisms with a French company that submitted a proposal for a joint economic city [free zone] between Iraq and Jordan. The discussion was based on inquiries and comments from the Iraqi-Jordanian Company for Industry, which is responsible for reviewing the […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani met with Ahmed El Sewedy, CEO of Egyptian multinational electrical company El Sewedy Electric on Monday. The meeting focused on government efforts in economic reform, boosting industrial and agricultural activities, and enhancing the investment environment to attract major global companies across various sectors. PM Al-Sudani highlighted investment […]
By John Lee. The Central Bank of Iraq (CBI) has decided to allocate additional funding amounting to approximately 3 trillion dinars [$2.3 billion] to facilitate housing loans through the Real Estate Bank and the Iraqi Housing Fund, supporting the government's housing initiatives. According to the state-run Iraqi News Agency (INA), the Central Bank has instructed […]
By John Lee. Iraqi Prime Minister Mohammed Shia Al-Sudani chaired the regular meeting of the High Committee for the Development Road Project on Thursday. The meeting included the Ministers of Transport, Planning, Oil, Electricity, and Communications, along with the Prime Minister's advisors. The discussion focused on the project's implementation procedures and progress on previous directives. […]
By John Lee. Iraqi President Abdul Latif Jamal Rashid met with the UK Ambassador, Stephen Hitchen, at Baghdad Palace on Wednesday and commended his role in enhancing bilateral relations. President Rashid said: "Iraq-UK relations should be enhanced with a focus on further developing bilateral ties, notably in the fields of economy, investment, and technology in […]
