Archive | Iraq Industry & Trade News

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

$100m Food Processing Plant opened in Erbil

By John Lee. KRG Prime Minister Masrour Barzani recently opened the Megal Project in Erbil -- a $100 million private-sector investment in agriculture, livestock, and the food industry. The project spans 366 acres and includes a slaughterhouse, shopping centre, animal control and wastewater treatment facility, waste incineration unit, and landscaped areas - all designed to […]

UK Firm Delivers First 12 Fire Appliances to Iraq

By John Lee. Emergency One (UK) Ltd has completed the first 12 bespoke fire appliances for the Iraqi Ministry of Interior (MOI), marking a significant milestone in the country's fleet modernisation programme. In January 2025, it was announced that Emergency One had been awarded the contract to supply 31 bespoke fire appliances to the Ministry […]

Iraq Wins $49m Lawsuit in Paris

By John Lee. Iraq's Ministry of Justice has announced successfully winning a lawsuit before the Judicial Court in Paris. The case was filed by the Gulf Falcon Company, which had sought arbitration and a claim of USD 49 million against the Iraqi government. According to the Director General of the Legal Department at the Ministry, […]

Iraqi PM Launches Maysan Pharmaceutical Plant

By John Lee. Prime Minister Mohammed Shiaa Al-Sudani has laid the foundation stone the Maysan Intravenous Solutions and Pharmaceuticals Plant -- Iraq's second such facility -- marking what his office describes as another milestone for the country's growing private pharmaceutical industry. Speaking at the ceremony in Maysan [Missan], the Prime Minister reaffirmed the government's confidence […]

KRG Expands Electricity Capacity

By John Lee. The Ninth Cabinet of the Kurdistan Regional Government (KRG) has announced that it has reinforced electricity infrastructure to achieve a continuous, 24-hour power supply across the region. The Ninth Cabinet has expanded power generation by 1,840 megawatts through new power stations, and completed more than 3,500 distribution and 61 transmission projects to […]

Iraq and Austria Hold Political Consultations in Vienna

By John Lee. The Iraqi Deputy Foreign Minister for Bilateral Relations, Ambassador Mohammed Hussein Bahr Al-Uloom, held a round of political consultations in Vienna on Friday with the Secretary-General of the Austrian Ministry of Foreign Affairs, Nikolas Marschik. The talks covered bilateral, regional, and international issues of mutual concern. Ambassador Bahr Al-Uloom outlined Iraq's recent […]

Iraq Issued 180 New Licences for Industrial Projects in September

By John Lee. The Directorate of Industrial Development under Iraq's Ministry of Industry and Minerals has announced the issuance of 180 preliminary licences for new industrial projects during September, as part of its ongoing efforts to support the private sector and boost industrial activity across the provinces. Director General Dr. Ali Ibrahim Jinaan stated that […]

Iraq-Italy Business Council Inaugurated

By John Lee. The inauguration of the Iraq-Italy Business Council (IIBC) this week marked a major milestone in strengthening economic relations between Iraq and Italy. The ceremony included the ribbon-cutting of the new IIBC headquarters in Baghdad. A launch event at Babylon Rotana brought together senior officials, business leaders, and diplomatic representatives from both countries. […]

Make Iraq Great Again: Trump's New Slogan for Iraq

From Kurdistan24. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. "I Want to Make Iraq Great Again": Trump's New Slogan for Iraq and What It Means Savaya's "Make Iraq Great Again" echoes Trump's signature slogan, signaling a bold U.S. push to reshape Iraq's political […]

CBI to Improve Payment Systems

By John Lee. The Governor of the Central Bank of Iraq (CBI) and Chairman of the Iraqi Payments Council, Mr. Ali Mohsen Al-Allaq, chaired the regular meeting of the National Payments Council at the Bank's headquarters. The meeting was attended by Council members, including senior officials from the Central Bank, representatives of ministries and government […]