Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. Prime Minister Mohammed Shia' Al-Sudani has received the President of the U.S. Wheat Council, Mr. Vince Peterson, and his accompanying delegation. They discussed future cooperation in supplying wheat to Iraq of the highest quality and at suitable prices, aiming to produce flour beyond the uses of the ration card. The government has […]
By John Lee. At a meeting on Monday between Iraq's Minister of Planning, Mohammed Tameem, and US Secretary of State Antony J. Blinken, Iraq renewed its commitment to joining the World Trade Organization (WTO) and to protect intellectual property rights. The United States has pledged support for a series of projects under the International Visitor […]
By John Lee. Iraqi Prime Minister Mohammed Shia Al-Sudani met with US President Joe Biden at the White House on Monday. In a joint statement after the meeting, the two highlighed a number of business-related points: Iraq's Financial and Banking Reform: President Biden and Prime Minister Sudani discussed Iraq's efforts to reform its financial and […]
The UK Integrated Security Fund (UKISF) for Iraq invites bids by 3 May 2024 for a programme to strengthen civil society organisations working on women, peace and security issues in the Federal and Kurdistan regions of Iraq. Overview In 2021, British Embassy Baghdad established the successful Women's Voices First programme, which runs until May 2024. […]
By John Lee. Iraq's Ministry of Agriculture has issued more details of the major contract it has signed with the Austrian company Bauer, a maker of irrigation equipment. A spokesperson told state-run Iraqi News Agency (INA): The Ministry announced a contract for 12,000 pivot sprinklers to be delivered this year. The value of the purchase […]
By John Lee. CEO World magazine has ranked Iraq 93rd out of 199 countries in its index of World's Best Countries To Invest In Or Do Business For 2024. This puts it behind neighbours such as Iran and Kuwait, but ahead of Jordan and Syria. Singapore, United Kingdom and Taiwan take the top three places. […]
By John Lee. Iraq's Ministry of Electricity and the French company TotalEnergies have signed two contracts to produce 1,000 megawatts of solar power. The development will be built in four, 250-MW phases at the Ratawi [Artawi] field in Basra. According to state-run Iraqi News Agency (INA), it will be completed within two years. (Sources: INA; […]
From Tasnim, under a Creative Commons licence. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iran's exchange of trade with neighboring Iraq registered a 30% growth in the previous Iranian calendar year (March 21, 2023 to March 19, 2024), according to an official at […]
By John Lee. The Iraqi Cabinet approved the recommendations of the Sovereign Guarantees Committee regarding the Al-Khairat Power Station. The new facility is being built by Harlow International, which describes it as, "the largest thermal power plant project in Iraq ... which will provide more than 10% of Iraq's power demand when fully operational." According […]
By John Lee. Australian engineer Robert Pether and his Egyptian colleague Khalid Radwan have now spent more than three years in prison in Iraq. The pair were detained in April 2021 by authorities in Baghdad in relation to a dispute over the construction of the new Central Bank of Iraq (CBI) headquarters in Baghdad. They […]
By John Lee. The Defence Industries Commission of Iraq (DICI) has said it started to produce armoured military vehicles. Janes identifies the vehicle as the Chinese Norinco VN22 6x6. More here from Janes. Click here to view the DICI video. (Sources: DICI, Janes)
By John Lee. The Development Fund for Iraq has signed Memoranda of Understanding with 12 Saudi companies. A statement from Saudi Arabia's Ministry of Investment did not specify the companies or the details of the MoU's, but said that they are intended to enhancing cooperation with Iraqi "in a number of qualitative investment projects." (Source: […]
