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 opened two major new fertiliser production facilities in Basra. The phosphates (DAP) plant was developed by AAA Holding Group, led by CEO Dr. Amet Selman. With a capacity of 500,000 tonnes per year, this extension marks a critical step towards enhancing the support for the Iraqi […]
By John Lee. Maryland-based Amentum Services Inc. has been awarded a $8,626,048 modification (P00335) to contract W58RGZ-19-C-0025 for aviation maintenance services. Work will be performed at Fort Liberty, North Carolina; Fort Campbell, Kentucky; and Iraq, with an estimated completion date of Nov. 30, 2024. Amentum was created by the sale of AECOM's Management Services business […]
By John Lee. Aswar Al-Hadhaba General Trading, Contracting and Transportation has won a contract with the United Nations Assistance Mission for Iraq (UNAMI) for, "Supply, Installation and Commissioning of Four Electrical Water Pumps 1 m3/Sec with all Required Accessories in Samawa-Muthanna Governorate." The contract is valued at $464,515.75. (Source: UNGM)
By John Lee. Abu Dhabi's AD Ports Group this week welcomed an Iraqi delegation headed by His Excellency Mr. Razzaq Muhaibas Al-Saadawi, Iraq's Minister of Transport, alongside key figures and leaders in business, investment and development sectors. The focus was on a number of projects pivotal to international transport, logistics services, economic cooperation in the […]
By John Lee. Belad Al Naser for General Trade and Contracting has won a contract with the United Nations Assistance Mission for Iraq (UNAMI) for, "Provision of Cleaning, Laundry and Janitorial Services at UNAMI Erbil Regional Office, Iraq." The contract is valued at $198,854.01. (Source: UNGM)
By John Lee. Earlier this week, Mr. Abdul Razzaq Al-Zuhairi, President of the Federation of Iraqi Chambers of Commerce (FICC), received a delegation from the European Bank for Reconstruction and Development (EBRD) at the Federation's headquarters. The delegation was led by Dr. Heike Harmgart, the EBRD's Managing Director for the Middle East, and included His […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani received a delegation comprising businessmen, economists, and representatives from various sectors of the Egyptian private sector on Wednesday. During the meeting, the Prime Minister expressed the government's keenness to strengthen cooperation between Egyptian companies and various investment and industrial sectors in Iraq. He emphasized enhancing partnerships and […]
By John Lee. A subsidiary of the Iran-backed Popular Mobilization Forces (PMF), described as "The General Engineering Company", signed a memorandum of understanding yesterday (Thursday) with the China Machinery Engineering Corporation (CMEC). According to a press release from the PMF, the memorandum covers cooperation in various fields including construction engineering, trade, services, and energy projects, […]
By John Lee. Iraq's Ministry of Oil has announced plans to increase production capacities of refineries, aiming to improve quality, adhere to environmental standards, and eventually move towards exporting oil derivatives. Currently, production in southern refineries is at 280,000 barrels per day, with the Karbala [Kerbala] refinery contributing 140,000 barrels, according to a report from […]
By John Lee. The Iraqi National Investment Commission (NIC) has announced that it has received 17 proposals from foreign, Arab, and local companies for a waste management and electricity generation project (waste-to-energy) in Baghdad. This announcement followed a meeting of the commission tasked with assessing the proposals. Dr. Mona Al-Jabri, the commission's renewable energy consultant, […]
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Halabja locals protest Iraq's border fence with Iran The Iraqi government's decision to close the border with Iran by setting up a fence has sparked protests from locals who fear the decision will negatively […]
By John Lee. Iraq's Minister of Finance, Taif Sami (pictured), inaugurated the Customs Automation Project as Umm Qasr Port on Sunday. The project aligns with the requirements of the global Automated System for Customs Data (ASYCUDA), forming part of the Ministry's strategy to apply international customs standards. The system's implementation aims to achieve financial discipline, […]
