Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. Iraqi Prime Minister Mohammed Shia' Al Sudani inaugurated the second specialized workshop to support the private industrial construction sector. During the event, a cooperation agreement was signed between the Trade Bank of Iraq (TBI) and the German Export Credit Agency to finance private sector development projects under the government's sovereign guarantee initiative. […]
By John Lee. At its most recent meeting this week, the Iraqi Cabinet has approved the purchase prices for electricity bought from Silver Crescent: Energy purchase tariff on gas: $24.94 per megawatt hour (MWh); Energy purchase tariff on heavy fuel: $32.37 per megawatt hour (MWh); Combined cycle energy purchase tariff: $36.81 per megawatt hour (MWh), […]
By John Lee. The Iraqi Cabinet has directed the Central Organization for Standardization and Quality Control (COSQC), in coordination with the Directorate for Combating Organized Crime, to monitor all unlicensed factories and take legal action against their owners. Owners of shops selling products from these unlicensed factories will also face legal consequences, and the counterfeit […]
By John Lee. The United States has said that it expects and wants the Iraqi government to take appropriate measures to respond to recent attacks on American and British businesses in Iraq. This follows attacks in recent days on Kentucky Fried Chicken (KFC), Chili House, Lee's restaurant, the Cambridge Institute, and heavy equipment company Caterpillar. […]
By John Lee. The United Nations Development Programme (UNDP) has issued a new 60-page report on Iraq's efforts to tackle corruption. The Trial Monitoring (TM) programme focuses on high-profile corruption cases tried before the Central Anti-Corruption Criminal Court (CACC) as the primary judicial mechanism for reviewing cases of Grand Corruption across the region of Federal […]
By John Lee. The Iraqi Council of Ministers has authorised the Ministry of Electricity to extend an invitation (the "sole offer") to the Emirati company AMEA Power to present its proposal to build a 500-MW solar power plant, with the option to add batteries. This move allows the Ministry of Electricity to proceed with the necessary […]
By John Lee. The United Nations Development Programme (UNDP) has issued a new 49-page report on investment opportunities aligned with Iraq's Sustainable Development Goals (SDGs) in target markets and sectors. The report identifies investment opportunities in the following areas: Food Processing Mid-tech Greenhouses Specialty Dairy Products EdTech Platforms Low-fee Private Schools Education Infrastructure Utility-scale Solar […]
By John Lee. Iraq's Minister of Industry and Minerals, Dr. Khaled Battal Al-Najm, discussed cooperation mechanisms with a French company that submitted a proposal for a joint economic city [free zone] between Iraq and Jordan. The discussion was based on inquiries and comments from the Iraqi-Jordanian Company for Industry, which is responsible for reviewing the […]
By John Lee. Iraqi Prime Minister Mohammed Shia Al-Sudani inaugurated a new manufacturing plant to make car registration plates (licence plates), operated by the Ministry of Interior, in Baghdad on Saturday. He toured the facility and reviewed the production process, which meets high standards allowing vehicle owners to drive internationally. PM Al-Sudani praised the efforts […]
By John Lee. Iraq has appointed a new Ambassador to Russia. Mr Haider Mansour Al Athari (pictured), assumed his duties on Monday, 3rd June. Iraq Business News understands that Mr Athari has previously served as Ambassador to Jordan, and more recently as Head of the Europe Department at the Ministry of Foreign Affairs. (Source: Ministry […]
By John Lee. The Iraq Britain Business Council (IBBC) has opened a new office in Iraqi Kurdistan. IBBC President Baroness Nicholson opened the new facility, located in Erbil's Italian Village, on Monday. Among those attending were Safeen Dizayee, Head of the KRG's Department of Foreign Relations; James Goldman, UK Consul General in Erbil; and Dr […]
By John Lee. The European Union Mission in Baghdad has held a conference focused on empowering youth and supporting small and medium enterprises (SMEs). According to a statement from the Ministry of Trade's media office, the conference saw broad participation from Iraqi youth, including students, entrepreneurs, and activists. The statement highlighted the Ministry of Trade's […]
