Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. Iraq's Prime Minister, Mohammed Shia' Al-Sudani, emphasized the importance of private sector partnerships to reduce reliance on imports and meet domestic industrial needs. On Thursday, Al-Sudani oversaw the signing of three industrial contracts with private companies to boost production in the fertilizer and chemical sectors: A 1 million ton/year urea fertilizer plant […]
By John Lee. The Iraqi President has said that, "Iraq stands at the threshold of a new phase of security, stability, and economic development." Addressing a delegation from the League of Arab States, Abdul Latif Jamal Rashid said Iraq offers an enabling environment and conditions for investing in major strategic development projects. Full statement from […]
By John Lee. Qatar Chamber (QC) has hosted a meeting with a delegation from Invest Kurdistan. The meeting aimed to strengthen economic and commercial relations between Qatar and the Kurdistan Region of Iraq. Discussions included an introduction to the investment climates and opportunities available in both regions. Full statement from Qatar Chamber: Qatar Chamber hosted […]
By John Lee. On-demand food and Q-commerce app talabat has announced a new partnership with the Asian Football Confederation (AFC), becoming an Official Regional Partner of the AFC club competitions. Under the partnership, talabat will deliver prizes and other benefits for football fans in Iraq, the UAE, Qatar and Jordan. A spokesperson for talabat told […]
By Amr Al Housni for The New Region. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq's Heist of the Century prime suspects keep trial hanging for second time The main suspects in Iraq's Heist of the Century case failed to appear for their […]
By John Lee. Iraq and Iran have agreed to allocate 2,000 dunams [200 hectares; 500 acres] in Zurbatiyah for the creation of a new economic city. The announcement followed discussions today between Iraqi Prime Minister Mohammed S. Al-Sudani and the President of Iran, Masoud Pezeshkian, which focused on the border industrial zones, which are being […]
By John Lee. Prime Minister Mohammed S. Al-Sudani met today with the President of the Islamic Republic of Iran, Mr. Masoud Pezeshkian, at the Governmental Palace in Baghdad. This meeting marked the beginning of President Pezeshkian's official visit to Baghdad, during which various topics of mutual interest were discussed, aiming to enhance cooperation and partnership […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani has launched the construction of three projects related to additional combined-cycle units for electricity generation. South Baghdad Gas Fired Power Plant, with a design capacity of 125 MW. Implemented by China's Dongfang Electric; Mansuriyah Gas Fired Power Station in Diyala Province, with a design capacity of 362 […]
By John Lee. A court in the Netherlands has recognized and granted the enforcement of an arbitration award against the Central Bank of Iraq (CBI). The International Chamber of Commerce (ICC)'s International Court of Arbitration in Paris granted the award in favour of Abu Dhabi-based Cardno ME (CME) on February 26, 2023. It required the […]
By John Lee. Five One Labs has announced that Patricia Letayf, cofounder and former Director of Operations of Five One Labs, is rejoining the organization as its new Executive Director. Alice Bosley, current Executive Director, will be taking on a new role as the President of the Board of Directors. These leadership changes take effect […]
On Tuesday, 3 September 2024, Prime Minister Masrour Barzani of the Kurdistan Regional Government (KRG) met with a delegation from the United Kingdom led by Oliver Christian, His Majesty's Trade Commissioner for the Middle East and Pakistan, and His Majesty's Consul General to Dubai. The meeting was also attended by Andrew Bizley, the UK Consul […]
By John Lee. Iraq's Minister of Communications, Dr. Hayam Al-Yasiri, announced an agreement with Qatar's Ooredoo Group to lay undersea cables with a capacity of 500 terabits at the Al-Faw station. According to the Ministry, the cables, comprising 24 pairs, will significantly boost Iraq's international communication capacity by connecting to over 200 global undersea cables, […]
