Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. The Iraqi Ministry of Transport has announced the release of salaries for employees of the company responsible for security at Baghdad International Airport (BIAP) for the second consecutive month, following directives from the Council of Ministers and under the supervision of Minister Razzaq Muhibis Al-Saadawi. According to a statement from the Ministry's […]
Five One Labs Launches New Business Support Program in Iraq in Partnership with the World Bank Group The World Bank Group and Five One Labs, an international startup incubator with operations in the Kurdistan region of Iraq, are partnering to spearhead initiatives supporting forcibly displaced related startups and micro, small, and medium-sized enterprises (MSMEs) in […]
By John Lee. The head of Iraq's National Investment Commission (NIC), Dr. Haidar Mohammed Makkiya, has met with the Lebanese Minister of Economy and Trade, Mr. Amin Salam. During the meeting, Makiya affirmed Iraq's desire to expand cooperation in the investment sector. The NIC chairman stated that the Iraqi government aims to achieve integration in […]
By John Lee. On Wednesday, 12 June 2024, Prime Minister Masrour Barzani of the Kurdistan Regional Government (KRG) welcomed Patrick Durel, the newly appointed Ambassador of France to Iraq. Prime Minister Barzani congratulated Ambassador Durel on his new role and emphasised the importance of fostering strong relations between France and the Kurdistan Region for future […]
By John Lee. The International Organization for Migration (IOM) has issued a new 18-page report titled, 'Climate Vulnerability Assessment in the Kurdistan Region of Iraq'. The report highlighted a number of points: Iraq, including the Kurdistan Region of Iraq (KRI), is facing various challenges related to climate change and environmental degradation, such as rising temperatures, […]
From the Iraq Britain Business Council (IBBC): The principals of AI are universally applicable to business and individuals alike, and some examples of how AI can impact various sectors is very illuminating. AI is just a technology that is only meaningful if it is helpful to all, for example for farmers fighting pests better- using […]
By John Lee. The KRG's Prime Minister Masrour Barzani has inaugurated what he described as, "the first joint public-private digital postal service in the Kurdistan Region." "This will improve our postal system and connect our citizens both at home and abroad," he said. The Prime Minister's speech did not specify how this new postal facility […]
By John Lee. The head of Iraq's National Investment Commission (NIC), Dr. Haidar Mohammed Makiyya, signed a cooperation protocol with Ms. Nada Laiqa, Director General of the Syrian Investment Agency (SIA), on attracting foreign direct investment (FDI). Attended by representatives from the Ministries of Oil and Communications, the protocol discussed cooperation details between Baghdad and […]
On Monday, 10 June 2024, Masrour Barzani, the Prime Minister of the Kurdistan Regional Government (KRG), welcomed Erman Topçu, the newly appointed Consul General of Türkiye in the Kurdistan Region. Prime Minister Barzani congratulated Mr. Topçu on his new role and emphasized the importance of bilateral relations between the Kurdistan Region and Turkey, highlighting their […]
By John Lee. US-based Amentum Services has been awarded a $43,903,867 hybrid (cost-no-fee, cost-plus-fixed-fee and firm-fixed-price) contract to establish and start up two new regional logistics hubs in Iraq, and to provide advise and assist services. Bids were solicited via the internet with one received. Estimated completion date is 9th August, 2027. Amentum was created […]
By John Lee. Iraq's National Investment Commission (NIC) hosted the first technical meeting on the National Climate Investment Plan last week, in cooperation with the United Nations Development Programme (UNDP). Dr. Muna Al-Jabri, head of the technical team representing the NIC, affirmed that this meeting is a continuation of the plan's launch, which is part […]
By John Lee. The winners have been announced in the International Trade Centre (ITC)'s Agriculture Innovation Hackathon, held recently in Nineveh province. According to the organisers, Nineveh-based SMEs Nabu, BSF and Aero Plant stood out with their exceptional ideas for addressing the significant challenges of water scarcity and sustainable agriculture due to decreasing water levels […]
