Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. The Iraqi Ministry of Planning has held a meeting to prepare the five-year National Development Plan (NDP) for 2024-2028. Led by Dr. Maher Hamad Johan, the ministry's Undersecretary for Technical Affairs, the meeting discussed upcoming steps for the plan, including design, printing, review, and formulation processes, as well as media campaigns for […]
From the Iraq Britain Business Council (IBBC): IBBC's 15th Anniversary Conference: Iraq's 'Opportunities and Insights' This is a big year for Iraq and IBBC as we celebrate our 15th anniversary and Iraq moves into a new prosperous and stable phase. As advocates for the private sector in Iraq, IBBC champions best practice, through our special […]
By John Lee. Iraqi Finance Minister Taif Sami met with World Bank Executive Director for Iraq, Abdulaziz Al Mulla, to discuss the World Bank's support for Iraq, including financial aid, technical support, and capacity building. Al Mulla emphasized the bank's commitment to supporting member countries and that Iraq would benefit from the World Bank's programs […]
By John Lee. Iraqi Prime Minister Mohammed Shia al-Sudani and Turkish President Recep Tayyip Erdogan presided over the signing of a quadrilateral memorandum of understanding (MoU) between Iraq, Turkey, Qatar, and the UAE in Baghdad on Monday. The MoU focuses on mutual cooperation for the strategic "Development Road Project" and was signed in the presence […]
By John Lee. Iraqi Finance Minister Taif Sami, along with her accompanying delegation, participated in the annual Spring Meetings of the World Bank Group and the International Monetary Fund (IMF), held from April 15 to 20, 2024, in Washington, D.C. The meetings addressed global economic challenges, economic development, financial stability, and related issues through general […]
By John Lee. Prime Minister Mohammed Shia' al-Sudani told a meeting of Iraqi expatriates in Houston, Texas, that the investment opportunities in Iraq are valued at around $400 billion. "Iraq is a country full of opportunities," he said, emphasising that Iraq is now focused on reconstruction and development. "Ongoing efforts may not always be fully […]
By John Lee. The President of the Sustainable Technology Solutions division of KBR, Jay Ibrahim, met with Iraqi Prime Minister Mohammed Shia' al-Sudani during his visit to Texas. According to a statement from the Prime Minister's Office, the meeting focused on expanding cooperation in natural gas development, government efforts to reduce carbon emissions, and partnerships […]
By John Lee. The Iraqi Prime Minister has said that Iraq will set up an Office for Expatriate Affairs, linked to the Prime Minister's Office, to address the needs and issues raised by Iraqi communities abroad Mohammed Shia' al-Sudani made the announcement at a meeting of Iraqi expatriates in Houston, Texas, following his visit to […]
By John Lee. GE Vernova, the US-based company formed from the energy businesses of General Electric (GE), has announced a series of initiatives to boost electricity generation and supply in Iraq: Providing 3 additional gigawatts (GW) of power into the grid, "generated by highly efficient combined cycle power plants"; Five-year services and upgrade agreements to […]
By John Lee. Iraqi Prime Minister Mohammed Shia' Al-Sudani received a delegation from Steller Energy in his residence in Washington, D.C. The delegation was led by the company's CEO, Mr. Peter Gibson. During the meeting, they discussed mechanisms of cooperation in the electricity sector and reviewed the progress of the company's projects being implemented in […]
By Ahmed Tabaqchali, Chief Strategist of Asia Frontier Capital (AFC) Iraq Fund, for the London School of Economics (LSE) Middle East Centre. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. A fistful of Dinars: demystifying Iraq's dollar auction The Central Bank of Iraq's (CBI) […]
By John Lee. During his visit to Washington DC this week, Iraqi Prime Minister Mohammed Shia Al-Sudani, presided over the signing of number of Memoranda of Understanding (MoU's) with American companies: Government Memoranda of Understanding: Memorandum of Understanding between the Ministry of Electricity and General Electric (GE) for the development of the energy sector. Memorandum […]
