Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. Five One Labs has announced that Patricia Letayf, cofounder and former Director of Operations of Five One Labs, is rejoining the organization as its new Executive Director. Alice Bosley, current Executive Director, will be taking on a new role as the President of the Board of Directors. These leadership changes take effect […]
On Tuesday, 3 September 2024, Prime Minister Masrour Barzani of the Kurdistan Regional Government (KRG) met with a delegation from the United Kingdom led by Oliver Christian, His Majesty's Trade Commissioner for the Middle East and Pakistan, and His Majesty's Consul General to Dubai. The meeting was also attended by Andrew Bizley, the UK Consul […]
By John Lee. Iraq's Minister of Communications, Dr. Hayam Al-Yasiri, announced an agreement with Qatar's Ooredoo Group to lay undersea cables with a capacity of 500 terabits at the Al-Faw station. According to the Ministry, the cables, comprising 24 pairs, will significantly boost Iraq's international communication capacity by connecting to over 200 global undersea cables, […]
By Adam Lucente for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. After 33 years, what's behind Switzerland reopening embassy in Iraq? Switzerland closed its embassy in Baghdad in 1991 amid the Gulf War and is seeking cooperation with Iraq on […]
By John Lee. Prime Minister Mohammed S. Al-Sudani chaired a meeting this week to follow up on the progress of Al-Faw Grand Port, attended by representatives from Daewoo, the Korean company, and the Italian consultancy firm, Technital. The Prime Minister's Office said he reviewed the details of the ongoing work on the key projects within […]
By John Lee. R.M Team FZE has won a contract with the United Nations Office for Project Services (UNOPS) to act as a "Third Party Monitoring Agent" in Iraq. The annoucement from the UN gave no further details, but stated a contract value of $279,277. Registered in UK, and with an apparently significant presence in […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani has chaired a meeting of the High Committee for the Development Road Project. The session focused on reviewing the latest developments and progress in this strategic project, which includes key components such as energy, gas, electricity, and internet infrastructure. Updates included the completion of preliminary designs for […]
By John Lee. Iraqi Foreign Minister Fuad Hussein received a copy of the credentials of the new Jordanian Ambassador, Maher Tarawneh, on Sunday. The Minister emphasised that the relations between Iraq and Jordan are historical and solid and extend beyond diplomatic ties to include common geographical ties. He also underlined the importance of enhancing economic […]
By John Lee. Switzerland has reopened its embassy in Baghdad, 33 years after closing it during the 1991 Gulf War. The reopening aims to strengthen bilateral relations and enhance cooperation in economic, security, and migration matters. In a statement, the Swiss Federal Department of Foreign Affairs (FDFA) said: "The new embassy will work to strengthen […]
By John Lee. An advisor to the Iraqi Prime Minister has reportedly said that international pharmaceutical and healthcare companies are keen to set up factories in Iraq. State-run Iraqi News Agency (INA) quotes Hammoudi Al-Lami as saying that UK-based AstraZeneca held a meeting a month ago with a view to entering the Iraqi market, "either […]
Iraq has been elected to chair the Group of 77 and China (G77) at the United Nations for the year 2025, following a meeting of the Asia-Pacific Group held to discuss Iraq's candidacy for this position. Iraq's Chargé d'Affaires to the United Nations in New York Dr. Abbas Kadhom Obaid, delivered a speech in which […]
By John Lee. Egypt's Talaat Moustafa Group (TMG) has informed the Egyptian Stock Exchange that it has started "the necessary legal and technical procedures" to begin projects and investments in Iraq. In July, company Chairman Hisham Talaat Moustafa was part of a delegation of Egyptian, Saudi, and Iraqi business leaders meeting with Iraqi Prime Minister […]
