Archive | Iraq Industry & Trade News

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

UN: Iraqi MSMEs need Targeted Support

The United Nations set aside 27 June to annually celebrate the role that micro, small and medium enterprises play in the global economy, poverty reduction and the attainment of the 2030 Sustainable Development Goals. This year, UN agencies in Iraq share a statement to recognize MSMEs at the heart of any resilient recovery from the […]

Croatian firm wins $69m Power Plant Contract in Iraq

By John Lee. Croatia's Koncar Group has signed an agreement worth EUR 65 million ($69 million) with Iraq's Ministry of Electricity for the revitalization of Haditha hydroelectric power station. Under the agreement, the company will carry out what it describes as  "a partial revitalization of generation units, replace part of the MV and HV equipment, […]

FFS Annual Report: 3,060 Projects Completed in Iraq

Funding Facility for Stabilization 2021 Annual Report In 2021, the FFS completed 368 projects (3,060 since 2015) across all sectors of interventions and in the five liberated governorates of Anbar, Diyala, Kirkuk, Ninewa and Salah al-Din for a total value of US$ 164.5 million (US$ 826.2 million since 2015), generating over 3 million benefits (18.9 […]

Economic Diversification and Energy Transition in Iraq and the Gulf

From The Middle East Institute. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Economic Diversification and Energy Transition in Iraq and the Gulf Iraq is in the midst of an unprecedented economic crisis as it grapples with a volatile post-election political environment and […]

Iraq Economic Review: Iraq's Industrial Sector, Green Building, Ukraine War

By Basima Abdulrahman, Rania Baker and Ahmed Tabaqchali, for the Institute of Regional and International Studies (IRIS) at the American University of Iraq, Sulaimani (AUIS). The opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq Economic Review: Iraq's Industrial Sector | Green Building | Ukraine […]

New Agreement to tackle Corruption in Kurdistan

KRI's anti-corruption agenda strengthened under new agreement with Commission of Integrity The United Nations Development Programme (UNDP) and the Kurdistan Region of Iraq's (KRI) Commission of Integrity (CoI) have today renewed a Memorandum of Understanding (MoU) to strengthen KRI's legislative and strategic anti-corruption frameworks and to enhance, the investigative capacity of it in line with […]

Iraq-UK Trade Fell slightly in 2021

By John Lee. Medicinal and pharmaceutical products was the biggest category of goods exported from the UK to Iraq in the four quarters to the end of Q4 2021. According to a report issued by the UK's Department of International Trade (DIT), the sector accounted for exports of £87.2 million, which was 24.2 percent of […]

Brazil eyes Business Opportunities in Iraq

By John Lee. The Brazilian Ambassador to Iraq has said that there are promising opportunities to enhance relations and economic development between the two countries. Pointing out that Brazil imports 80 percent of its fertilizer needs, Luis Evaldo Santos (pictured) told Al-Sabaah that Iraq can supply this commodity to Brazil, especially with its large stocks […]

Asiacell chooses MCP Insight for Anti-Fraud and Compliance Monitoring

Mobile phone operator Asiacell has selected UK-based MCP Insight to provide their anti-fraud and compliance monitoring solutions for Asiacell's Value Added Services and Direct Carrier Billing services. MCP will be working closely with IQ Services, the Carrier's internal Master Aggregator, who manage all merchants offering services on Asiacell's network. MCP's combined Scanner and Shield solutions […]

Iraq invites Investors for new Wasit Industrial City

By John Lee. Iraq's Ministry of Industry has reportedly invited investors for its new Wasit Industrial City. The Director of Planning at the Industrial Cities Authority of the Ministry, Amal Hassan Al-Bazzouni, told Al-Sabaah news agency that the authority was keen to make the industrial city environmentally friendly. The development will cover an area of […]