Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. Baghdad-based Al-Jawadeen Group, which describes itself as Iraq's largest tyre supplier since 1991, has announced a strategic partnership with Japanese tyre-maker Bridgestone. According to a statement from Al Jawadeen, both companies are committed to supporting Iraq's tyre market by, "providing innovative and sustainable services that enhance customer efficiency and reliability." The statement […]
By John Lee. The International Labour Organization (ILO) and Iraq's Higher Council for Youth launched a national program to equip Iraqi youth with skills in the green economy, career guidance, and decent work practices. The program includes ILO's "Start and Improve Your Business" (SIYB) initiative to help youth start and scale sustainable businesses. Trainer performance […]
By John Lee. In efforts to bolster national product protection, Iraq's Cabinet has approved recommendations from the Ministry of Industry and Minerals to apply additional customs duty on imported Thermstone (also known as Thermostone, or autoclaved aerated concrete (AAC)). An additional 50-percent customs duty will be imposed on each unit of imported thermstone from all […]
By John Lee. QatarEnergy is to take a 50-percent stake in the TotalEnergies solar energy project in Iraq: Partnership Agreement: QatarEnergy has signed an agreement with TotalEnergies for a solar power project in Iraq as part of the Gas Growth Integrated Project (GGIP). Stake Distribution: QatarEnergy will acquire a 50% stake in the project, with […]
By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani has instructed the Commission of Integrity to initiate an urgent investigation into the leaked audio recording attributed to the Head of the General Commission of Taxes and to present the findings promptly. According to a statement from the PM's office, this directive underscores his commitment to […]
By John Lee. According to the recently-published World Economic Outlook from the International Monetary Fund (IMF), Iraq's economy is forecast to grow by 4.1 percent in 2025, up from 0.1 percent this year. A rate of 4.2 percent is projected for 2029. This would give it one of the fastest real GDP growths of all […]
By John Lee. Iraq's government has successfully attracted $100 billion in investments over the past two years, according to Mohammed Al-Najjar, advisor to the Prime Minister for Investment and head of the Iraq Development Fund. He told the state-run Iraqi News Agency (INA) that a $5 billion agreement was signed recently with Egypt's Elsewedy Electric […]
By John Lee. Dr. Haider Mohammed Makiyya, Chairman of Iraq's National Investment Commission (NIC), held discussions with UAE Ambassador Abdullah Matar Al Mazrouei in Baghdad, focusing on advanced technological frameworks for the "Electronic Development Route" project. This initiative includes plans for underground cables, offering a more efficient alternative to traditional undersea cables, and is being […]
By John Lee. Judge Haider Hanoun (pictured) has been replaced as head of Iraq's Commission of Integrity. According to a statement from the Prime Minister's Office, the position will be filled by Mr. Mohammed Ali Al-Lami, the longest-serving Director General at the Commission. Hanoun was appointed to the role in November 2022, following the resignation […]
By John Lee. Iraq's Supercell Network has announced that it will the exclusive agent for US-based Genesys in Iraq. Genesys offers Call Center as a Service (CCaaS) and Omni-channel solutions to improve connectivity between businesses and customers, with a focus on artificial intelligence such as chat bots, voice bots, and data analytics tools. According to […]
By John Lee. CEO World magazine has ranked Iraq 145th out of 196 countries in its World Innovation Index. This puts it behind neighbours such as Iran and Jordan, but ahead of Syria and Yemen. Singapore, Taiwan and South Korea take the top three places. The index considers factors such as patent applications, global brand […]
By John Lee. Iraq's Minister of Transport, Razzaq Muhibis Al-Saadawi, announced the successful conclusion of the 13th session of the Iraq-Spain Joint Committee, which resumed after a decade-long hiatus. The discussions, held in Baghdad, focused on enhancing economic and trade relations between the two nations. Minister Al-Saadawi highlighted Iraq's policy shift towards global economic openness […]
