Archive | Iraq Industry & Trade News

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

Iraqi Business Accelerator Hunts for Next Big Thing

Iraq's First Business Accelerator Is on the Hunt for the Next Big Thing! Takween, Iraq's first business accelerator, has announced that applications for its first cohort are now open. The 12-week program will run online with 10-15 innovative, growth-stage Iraqi ventures, and end with a virtual demo day where startups will pitch their ideas to […]

IBBC hosts Panel to review the Govt's first 3 mths

On Monday 10th August-a distinguished online panel of academics and an IBBC advisory panel reviewed the GOI's approach to decisions and progress. Dr Munqith Dagher-senior associate at CSIS and CEO of IIACSS, gave a new revealing and informative presentation on public perceptions of the new GOI, and its future prospects and opportunities. Dr Rana Khalid, […]

Progress on Free Trade Zones between KRI and Iran

By John Lee. Iran is reportedly ready to start technical negotiations with the Kurdistan Regional Government (KRG) over the opening of two important free trade zones. Mehdi Shushtari, Iran's Consul-General in Sulaimani, told Rudaw the preliminary work at Parvizkhan and Bashmakh border crossings has already been completed. Click here to read the full story. (Source: […]

Addressing Iraq's Fragility crucial to Recovery from COVID

Addressing Iraq's fragility crucial to recovery from COVID-19 pandemic Failure to address Iraq's multi-faceted fragility could lead to an increase in extreme poverty across the country, according to a new report released today by the United Nations Development Programme (UNDP) in Iraq. Impact of the Oil Crisis and Covid-19 on Iraq's Fragility explores the major […]

New Food Industry Zone to be built in Duhok

By John Lee. KRG Prime Minister Masrour Barzani recently laid the foundation stone of a food industry zone in Duhok. In a statement, PM Barzani said: "Our promise is to develop other sectors of the economy and end our dependence on a single source of revenue. "Better infrastructure will benefit the whole of Kurdistan. Our […]

Iraqi Prime Minister to visit United States

By John Lee. Iraqi Prime Minister Mustafa al-Kadhimi is to visit the United States later this month. In a statement, he White House said: "President Donald J. Trump will welcome Prime Minister Mustafa Al-Kadhimi of the Republic of Iraq to the White House on August 20, 2020. "The visit comes at a critical time for […]

Iraqi Govt Extends Curfew

By John Lee. The Iraqi Government has said that it will extends the partial, nationwide curfew until 15th August, with a total curfew on Thursday, Friday and Saturday. The move is an attempt to limit the spread of coronavirus (COVID-19). (Source: Govt of Iraq)

Shalamijah Border Crossing Reopens

By John Lee. Trade reportedly resumed on Sunday at the Shalamijah (Shalamcheh) border crossing between Iraq and Iran. According to Anadolu Agency, the crossing was closed from 31st July 31 until 8th August due to coronavirus. (Source: Anadolu Agency) (Picture credit: Tasnim, under Creative Commons licence)

300MW Power Station opened near Erbil

By John Lee. A new 300-megawatt steam power plant has been recently opened in Khabat, on the outskirts of Erbil. The plant, built in partnership with South Korean companies POSCO and the Korean National Oil Company (KNOC), adds 10 percent to the region's electricity capacity. Speaking at the opening ceremony, KRG Prime Minister Masrour Barzani […]

Beirut Explosion: Iraq sends Aid to Lebanon

By John Lee. On Wednesday evening, the Lebanese Prime Minister Hassan Diab received an Iraqi delegation headed by Oil Minister Ihsan Abdul-Jabbar, representing Iraqi Prime Minister Mustafa Al-Kadhimi, and which included Deputy Health Minister Hani Al-Aqabi, Chargé D'affaires, Amin Al-Nasrawi, Political Advisor Ahmad Jamal and Oil Minister's Office Head Haidar Obaid, in the presence of […]