Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. A delegation from the Erbil Chamber of Commerce and Industry has held a series of meetings with Czech companies specialising in agriculture and food industries during a visit to Prague. The delegation, led by board member Rashid Mustafa Mirkhan and accompanied by a representative of Aro, met with Jiří Šer, Director of […]
By John Lee. The German Liaison Office for Commerce & Industry in Iraq (AHK Iraq) has announced three new corporate partners specialising in project management, engineering services, and industrial equipment. Omid Project Management (OPM Group) has joined as a Silver Partner. The company is an international project management consultancy and EPCM provider with expertise in: […]
By John Lee. Iraq has formally joined the Network of Corruption Prevention Authorities (NCPA), an international body that facilitates co-operation between anti-corruption agencies. According to the Federal Commission of Integrity, membership of the network will support the exchange of expertise and information with peer institutions, and help Iraq benefit from international best practices in corruption […]
By John Lee. Four senior officials at the Diyala Electricity Distribution Directorate have been arrested and referred to the courts over the theft and embezzlement of electrical materials worth approximately IQD 1.7 billion (USD 1.34 million). According to the Federal Commission of Integrity, a team from its Diyala office, under the direct supervision of Commission […]
By John Lee. The European Bank for Reconstruction and Development (EBRD) has revised its forecast for Iraq's real GDP growth downward, projecting a contraction of 1.5 per cent for 2026, down from a February estimate of 3.6% growth for the year. According to the EBRD's June forecast, the figures for Iraq are as follows: 2024 […]
By John Lee. Iraq's Communications and Media Commission (CMC) has cancelled its settlement contract with Korek Telecom and ordered a halt to all the company's operations, citing repeated failures to meet its contractual obligations. In a statement, the CMC said the decision was taken under clauses 12, 13, 15 and 16 of Article Five of […]
By John Lee. According to Iraq's Ministry of Trade, officials have met to discuss implementation of the trade memorandum of understanding (MoU) signed between Iraq and Germany on 26th February 2026. The meeting, held in Baghdad, brought together Sattar al-Jabiri, Undersecretary of the Ministry for Administrative Affairs; Sontka Hiren, director of the liaison offices of […]
By John Lee. A second aluminium extrusion plant has begun operations at Ur State Company, a subsidiary of the Ministry of Industry and Minerals, producing thin and medium-gauge aluminium sections. According to Ur General Company, the plant was built using the company's own resources and is equipped with the latest international technology. Key specifications include: […]
By John Lee. The Raparin Regional Development Agency (RRDA) was officially launched on Sunday in Ranya [Rania], Sulaymaniyah. The opening ceremony was attended by Kurdistan Region Deputy Prime Minister Qubad Talabani, UK Consul General Andrew Bizley, and consuls from France and Armenia, alongside domestic and international guests. Talabani said a primary objective of the agency […]
By John Lee. A cargo vessel operated by Mediterranean Shipping Company (MSC) was struck by two projectiles near Umm Qasr on 1st June, according to the United Kingdom Maritime Trade Operations (UKMTO) Centre and MSC. The vessel, the MSC Sariska V, was departing port when the first projectile hit while the pilot was still onboard; […]
By John Lee. Iraq's Council of Ministers has authorised two senior officials to negotiate and sign agreements with Uzbekistan aimed at strengthening bilateral economic, trade, scientific, technical, and cultural cooperation. The Council authorised the Minister of Trade to negotiate and sign a joint cooperation agreement covering economic, trade, scientific, technical, and cultural affairs. Separately, the […]
By John Lee. The General Company for Hydraulic Industries, a subsidiary of the Ministry of Industry and Minerals, has announced its capability to design, manufacture and supply smart surveillance towers to government and private-sector clients. The company's director-general, Engineer Ahmed Jamil, said the towers feature high-precision thermal and night-vision monitoring systems, with direct connectivity to […]
