Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. Etihad Credit Insurance (ECI), the UAE Federal export credit company, signed a cooperation agreement with the International Development Bank (IDB), the largest banking network in Iraq, to support the 'Xport Xponential' initiative. By signing the agreement, the bank will join the list of partners of the 'Xport Xponential' initiative, launched by ECI […]
By John Lee. The Chairman of Iraq's National Investment Commission (NIC), Dr. Haider Mohammed Makkiya, received a delegation from the Japan Center for Cooperation in the Middle East (JCCME), and discussed the possibility of activating the agreement signed between the two parties more than ten years ago. The agreement aims to promote cooperation between Iraq […]
By John Lee. The General Company for Food Products, a subsidiary of the Ministry of Industry and Minerals, has announced the completion of a new dairy products factory building in Fallujah, Anbar Province. This project is being developed in partnership with the private sector. The factory building and its infrastructure have been completed, and the […]
By John Lee. In support of the national project for producing commercial zero flour, the Iraqi government has approved the local sale of wheat to licensed public and private mills at prices equivalent to the import price of similar wheat delivered to Umm Qasr Port. This move aims to enhance local flour production and reduce […]
By John Lee. The Iraqi Oil Pipelines Company has rehabilitated the six-inch fuel oil pipeline extending from the "June 1" depot to the Kirkuk Cement Plant in Lilan, southeast of Kirkuk. According to a statement from the Ministry of Oil, the pipeline, inactive for over three years, is now fully operational. Ali Abdul Kareem Al-Moussawi, […]
From the United Nations Conference on Trade and Development (UNCTAD). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq: Trade and government revenue gets boost from digital customs Backed by UN Trade and Development, customs automation helps improve compliance and ease of trade in […]
From the Iraq Britain Business Council (IBBC): Dr Luay Al- Khateeb is joining IBBCs advisory council and brings his energy expertise to the council. As a long-standing friend of IBBC Dr Luay has chaired energy panels at IBBC major conferences. As an independent Iraqi politician he was the former Electricity Minister and member of the Federal Energy […]
By John Lee. UK-based Total Quality Assurance provider Intertek has announced its appointment by the Iraqi government's Central Organization for Standardization and Quality Control (COSQC) as an authorised Conformity Assessment Body (CAB) for goods imported into Iraq. All exporters to Iraq must present a Certificate of Conformity (CoC) and a Release Note to Iraqi Customs […]
By John Lee. Iraq's Minister of Finance, Taif Sami Mohammed, held a meeting on Monday with a World Bank delegation led by the Regional Director for the Middle East, Jean-Christophe Carret. The discussions focused on enhancing cooperation in economic and social development. Key Discussion Points: Support for Transportation and Infrastructure Projects: Development of transportation and […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani initiated the expansion of Al-Haidariya [Haydariya] and Najaf combined-cycle gas power plants, adding a total capacity of 495 MW, alongside a new 400 kV transformer station. These projects are part of a strategic agreement with Siemens, which includes two phases: the first phase involves three plants in […]
By John Lee. The Iraqi government has approved the recommendation from the Ministerial Council for Energy (24067 T) of 2024 to sign a tripartite agreement involving the Ministry of Electricity, Siemens Energy, and the China State Construction Engineering Corporation (CSCEC). The agreement focuses on the rehabilitation of the Baiji Gas Power Plant (Unit 2), designating […]
By John Lee. Iraq has established diplomatic relations with Bolivia. The signing ceremony took place at the headquarters of the Permanent Mission of the Republic of Iraq in New York. The statement was signed by the Chargé d'Affaires of the Permanent Mission of Iraq to the United Nations in New York, Dr. Abbas Kadhom Obaid […]
