Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. Mercedes-Benz Iraq has signed a memorandum of understanding (MoU) with the Erbil Chamber of Commerce and Industry to strengthen business ties and create new local opportunities. The signing was attended by Erbil's Governor, Omed Khoshnaw, along with government officials and traders. The MoU was signed by Mercedes-Benz Iraq's CEO, Bernhard Dolinek, and […]
By John Lee. Iraqi Airways has launched an online rebooking service allowing passengers to change their flight date or destination without visiting a company office or agent. Director General Mustafa Talib said the facility would save passengers time and effort, and offer greater flexibility in managing their bookings. He added that the airline would continue […]
By John Lee. Meetings have taken place in the United Arab Emirates between Iraq's Ministry of Health and senior representatives of major international pharmaceutical companies, aimed at encouraging their return to the Iraqi market. British Ambassador to Iraq Irfan Siddiq attended and assisted with the meetings. The most significant meeting was with GSK, a British […]
By John Lee. A project to assess limestone reserves suitable for cement production is under way in the Wadi al-Mahari area, south of Najaf governorate. The work is being carried out by the Iraqi Geological Survey, a body within the Ministry of Industry and Minerals. According to the Ministry of Industry and Minerals, the project […]
By John Lee. Iraq's Ministry of Trade has held talks with Australia's Ambassador to Baghdad, Glenn Miles, on expanding bilateral trade and investment relations. According to the ministry, Minister Mustafa Nizar Jumaa said Iraq was ready to facilitate access for Australian companies to the Iraqi market and to remove obstacles to their entry. Miles indicated […]
By John Lee. A memorandum of understanding (MoU) on water sector development has been signed between Iraq's Ministry of Construction, Housing and Municipalities and the Japan International Cooperation Agency (JICA), in a ceremony held in Istanbul. The MoU was signed by Ammar Adel Hussein, Director General of the General Directorate of Water, on behalf of […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq's Housing Boom is Leaving its Aspirational Class Behind In Erbil, the capital of Iraqi Kurdistan, a young professional said she considers herself fortunate by earning some two million IQD (1,500 USD) a […]
By John Lee. A 750-megawatt solar power station planned for Muthanna province has moved forward following discussions between Iraq's Ministry of Electricity and Chinese company Power Construction Corporation of China (PowerChina). The meeting also covered the technical and implementation stages of the project, and progress on related procedures. According to the Ministry of Electricity, 250MW […]
By John Lee. Iraq has launched the second phase of a project to develop commercial exchange yards at its land border crossings with neighbouring countries. According to the Ministry of Transport, the initiative is part of government efforts to increase non-oil revenues and strengthen governance and automation at border facilities. Murtada al-Shahmani, Director General of […]
By John Lee. A partnership agreement for integrated waste management has been signed between the General Company for Carbon Economics and German firm Sutco RecyclingTechnik GmbH, with support from the Iraqi Ministry of Environment and the German Embassy in Baghdad. The project aims to develop an integrated waste-management system covering the collection, transportation, and treatment […]
By John Lee. A concrete plant in the Al-Fahamah area near Baghdad's Jazirat Baghdad district has been closed following a field inspection that found it was not meeting environmental standards. Environment Minister Sarwa Abdul-Wahid carried out the inspection in response to complaints from local residents. (Source: Ministry of Environment)
By John Lee. The Central Bank of Iraq (CBI) has denied media reports that it is printing new banknotes with zeros removed, ahead of a planned currency redenomination. In a statement on Wednesday, the CBI said the reports have no official basis and that no new redenominated currency is being printed. It added that any […]
