Corruption Worse Than ISIS: Causes and Cures for Iraqi Corruption The Iraq Britain Business Council (IBBC) is delighted to invite you to the public launch of Professor Frank Gunther's new paper on corruption in Iraq on Monday 26th of April from 1pm - 2pm BST. Following the presentation of the paper there will be comments from […]
Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. Prime Minister Mustafa Al-Kadhimi has officially opened a new power station in Muthanna Governorate. The plant was built by the American company GE, and Turkey's Enka. According to @HarryIstepanian, the plant is in Samawa, and uses four GE "Frame-9E" turbines to provide 500MW of power. (Source: Office of the Prime Minister, @HarryIstepanian)
By Humam Miscone, for The Iraqi Economists Network (IEN). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. World Bank's Assessment Is Flawed - Manufacturing Is Viable in Iraq. Additional Reflections on Iraq's Industry. These additional reflections are prompted the article of Dr. Amer Hirmis […]
Alsaree3, Iraq's Popular Food Delivery App, and Al Zajel, E-logistics Company, Close Second Round of Investment Alsaree3 Group, consisting of Alsaree3 (food-delivery) and Al Zajel Express (last-mile delivery services), closed a 7-figure bridge round in late March 2021. Coordinated by Iraq Tech Ventures and Innovest ME, the round included prominent Iraqi investors such as Euphrates […]
The Deputy Prime Minister of the Kurdistan Region of Iraq, Qubad Talabani, has marked the official start of construction for the Bitwen sugar factory, announcing that the government will continue to facilitate investments for similar agricultural and industrial projects. At the laying of the foundational stone ceremony, the Deputy Prime Minister highlighted the project as […]
By John Lee. The Agence Française de Développement (AFD) has reportedly said it is interested in setting up a branch in Iraq. According to Shafaq, a delegation from the French development agency made the comment during a meeting with the Governor of the Central Bank of Iraq (CBI), Mustafa Ghaleb Mukhif. The AFD's websites says […]
Iraqi Ministry of Finance and GE Mark Financial Close of Power Up Plan The Iraqi Ministry of Finance (MoF), GE and their financial partners have celebrated the financial close -- a critical milestone that marks the final step of a loan agreement becoming effective -- of the Power Up Plan 4 (PUP4). Under PUP4, GE […]
By John Lee. On a recent visit to the Russian republic of Tatarstan, Iraq's Oil Minister Ihssan Abdul-Jabbar Ismail attended a presentation that the headquarters of the oil company Tatneft. The Iraqi delegation also visited the Taneco Oil Refining Complex, the Kama Tyres manufacturing plant, and the Nizhnekamsk Truck Tyre Factory. Nail Maganov, General Director […]
From The Economist. Getting into Iraq may soon be much easier Visa-free travel is supposed to woo expats and tourists. Read the full article here (subscription needed).
Dar Al Handasah has provided consultancy services to more than 950 clients in 60 countries, and has handled projects involving a total investment cost of over US$ 300 billion. Through these projects, we participate actively in the development of our societies. With a permanent staff of 9,850 and over 4,000 successfully completed projects, DAR has in-house […]
By John Lee. Germany's Eggersmann Group has reportedly completed the commissioning of the Middle East's first RDF (Refuse Derived Fuel) bio-drying project in Sulaymaniyah. According to Cemnet, the client, "a local cement producer, negotiated a 20-year agreement for receiving waste from the municipality at the agreed tipping fee per tonne". Eggersmann's website says that contracts […]
Headway's grant scheme builds resilience during pandemic: 56 companies supported, 700 jobs created The Headway Programme's Job Creation in KRI grant scheme has contributed to building resilience in the Kurdistan Region of Iraq (KRI) during the global health pandemic caused by COVID-19. Concluded on 31 March 2021, the project supported 56 companies and created over […]