Archive | Iraq Industry & Trade News

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

Several Redevelopment Projects started in Dhi Qaq

By John Lee. The Secretary-General of Iraq's Council of Ministers, Dr. Hamid Naim Al-Ghazi, has laid the foundation stone for a number of projects in Dhi Qar Governorate: the Al-Zaytoun Martyrs' Bridge; a local stadium, with capacity for 10,000 spectators; Imam Ali Street (peace be upon him); Al-Shatrah Hospital; and, two bridges in the Al-Moalemeen […]

TipTop raises $5m from Korek

By John Lee. TipTop has announced a new investment of $5 million to expand its online food and grocery delivery service in Iraq. CEO and Founder Hassan Alsoud told readers on LinkedIn that the funding will be provided by Kurdistan-based mobile operator Korek. (Source: LinkedIn)

Honeywell to Modernize Iraqi Refinery

By John Lee. Honeywell has announced that the Lanaz refinery (pictured) in Erbil will use its technology to upgrade its operations so it can produce more cleaner-burning transportation fuels. It says the project marks the first use of its UOP modular technology in Iraq, and will help Lanaz comply with increasingly strict specifications for fuel […]

Blue Water to open Office in Iraq

By John Lee. Blue Water Shipping's Energy and Projects Division has announced plans to open an office in Iraq. Thomas Bek, Global Director of Energy & Projects at Blue Water, said: "Our customers in the energy sector operate internationally, and it is, therefore, a strategic objective that we continuously develop our organization to meet the […]

21 Arrest Warrants for Senior Iraqi Officials over Corruption

By John Lee. Iraq's Commission of Integrity issued 21 arrest warrants in December for senior state officials on charges of corruption. A further 77 officials were summoned for questioning as part of anti-corruption investigations. Among the people implicated are a current minister and a former minister, but the statement from the Commission mentioned no names. […]

EU drops Iraq from List of High-Risk Countries for Money Laundering

By John Lee. The European Union's Ambassador to Iraq has announced that Iraq has been removed from its list of countries deemed to carry a high risk of money laundering. Following a meeting with Prime Minister Mustafa al-Kadhimi in Baghdad on Sunday, Ville Varjola tweeted: "Bringing the good news today to HE Prime Minister Mustafa […]

UNOPS awards Contracts to Equip Health Centers in Anbar

By John Lee. Ardh Al-Mewada has won contracts with the United Nations Office for Project Services (UNOPS) for the provision the following for Primary Health Centers in Anbar: Lot 1 - Supply & Installation of Medical Equipment: Contract value $58,500 Lot 2 - Supply & Installation of Furniture: Contract value $68,870 Lot 3 - Supply […]

Finland gives additional $1.7m for Stabilization in Iraq

Finland Renews Commitment to Stabilization With New Contribution The United Nations Development Programme (UNDP) in Iraq welcomes an additional EUR 1.5 million (US$ 1.7 million) contribution from the Government of Finland to its flagship programme the Funding Facility for Stabilization (FFS). The critical support will bolster ongoing efforts to stabilize the five governorates liberated from […]

Iraqi Power Station Developer to provide Smart Meters

By John Lee. The Iraqi cabinet has required the developer of the Al-Khairat [Al-Khayrat] power station to also supply smart meters for use by domestic and industrial customers. According to a statement from the Cabinet, the investing company, which it says is Harlow International, will prepare between 100,000 and 150,000 smart meters, in addition to […]

Irish Company to Advise Iraq on Financial Info Management System

By John Lee. Iraq's Ministry of Finance has signed a contract with the Irish-based consultancy AARC Ltd to provide "advisory services regarding the preparation of functional and technical requirements and IFMIS [integrated financial management information systems] bid documents." According to a statement from the Ministry, the project has an implementation period of 17 months, and […]

Erbil and Iran sign MoU to Increase Trade

From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Erbil and West Azerbaijan provinces sign MoU to increase trade The governors of Erbil and Iran's Kurdish-majority West Azerbaijan provinces met on Tuesday and signed a memorandum of understanding (MoU) to increase trade movement […]