Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. The Spanish Export Credit Agency (CESCE) has signed an agreement with Iraq's Sovereign Guarantees Committee to enhance cooperation between Spain and Iraq. The €1 billion agreement aims to facilitate Spanish companies in executing mutually agreed projects to support the development of Iraq's private industry under CESCE's coverage. The agreement underscores the commitment […]
By John Lee. The Iraqi Ministry of Planning signed a contract with Austrian company TÜV Austria, granting it a license to inspect and issue compliance certificates for goods imported into Iraq. The contract was signed by Dr. Hussein Ali Dawood, head of the Central Organization for Standardization and Quality Control (COSQC), and Firas Mueed Hassan, […]
By Yerevan Saeed, for the New Lines Institute. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. An Attack in Iraq Sends a Message: Closed To Western Energy Business Iraq's drive for energy self-sufficiency, fueled by potential future U.S. investment, and Türkiye's ambitions of reaching […]
By John Lee. The British Council has published a landmark study examining the experiences, perceptions and attitudes of 1,268 Iraqi young people aged between 18 and 30. Next Generation Iraq is part of the British Council's Next Generation research programme, aimed at understanding youth perspectives and informing policy and programming to better address their needs. […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani inaugurated four new military manufacturing factories of the Military Industrialization Authority. The inauguration took place at the General Company for Military Industries complex in southern Baghdad and included a virtual participation. The ceremony was attended by the Minister of Electricity and other officials. Newly Inaugurated Facilities: Light […]
By John Lee. The Ministry of Oil has begun supplying the second unit of the Dibis Gas Power Plant in Kirkuk Province with 25 million standard cubic feet per day (MMSCFD) of dry gas. Deputy Minister of Oil for Gas Affairs, Mr. Izzat Saber, said this supply is expected to contribute an additional 85-100 MW […]
By John Lee. The Companies Registration Department of Iraq's Ministry of Trade said it has successfully processed the establishment of 324 national companies and registered 27 branches of foreign companies in June. According to a statement from the Ministry's media office, Director General Rashad Khalaf Hashim reported multiple decisions made during the month related to […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani opened the Iraqi-Turkish electricity interconnector on Sunday, via a video conference. The new line connects through the Al-Kisk station west of Mosul to supply the northern region with a capacity of 300 MW. The ceremony was attended by the Minister of Electricity. Al-Sudani praised the efforts of […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Will growing Saudi investment in Iraq hit Iranian roadblock? Gulf Arab investment in Iraq has swelled in recent years, signaling a new and widening rapprochement with Baghdad. Yet, while Iran and Saudi Arabia last […]
By John Lee. The Iraqi government has given brick factories 18 months to switch from using "black oil" to liquefied gas. "Black oil" or "dark oil" is also sometimes referred to as "residual fuel oil", "bunker oil" or "heavy fuel oil (HFO)". It is a heavy, viscous byproduct of the refining process for lighter fuels […]
By Elizabeth Hagedorn for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. US renews sanctions waiver for Iraq to purchase Iranian electricity The waiver issued on July 11 permits Iraq to pay neighboring Iran for electricity imports without running afoul of […]
By John Lee. The Iraqi Ministry of Transport has announced a comprehensive plan to add more ships to its maritime fleet. Its General Company for Maritime Transport currently owns six ships: four commercial vessels, one fuel tanker, and one fresh water tanker. The Director General of the company, Chief Marine Engineer Ahmed Jassim Al-Asadi, said […]
