Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. The winners have been announced in the International Trade Centre (ITC)'s Agriculture Innovation Hackathon, held recently in Nineveh province. According to the organisers, Nineveh-based SMEs Nabu, BSF and Aero Plant stood out with their exceptional ideas for addressing the significant challenges of water scarcity and sustainable agriculture due to decreasing water levels […]
By John Lee. The head of Iraq's National Investment Commission (NIC), Dr. Haidar Mohammed Makiyya, has met with the Lebanese Prime Minister, Mr. Najib Mikati. They discussed extending a fiber optic cable project from Iraq through Syria and Lebanon, emphasizing the importance of integration in vital and strategic projects among regional countries. Makiya stated that […]
By John Lee. Iraq's Council of Ministers (Cabinet) has imposed n additional 20 percent customs duty on imported steel rebar (10-32 mm) from all sources. The new rate is effective for four years starting October 3, 2024, and applies to tariff code 72142000. The Ministry of Industry and Minerals will monitor import increases compared to […]
By John Lee. A new study has provided a comprehensive Land Use and Land Cover (LULC) classification for the Kurdistan Region of Iraq based on remote sensing data. The study area covered a total area of 46465.1 km2. The results of the study show that the dominant LULC classes in Kurdistan Region are: grassland (13354,%28.7 […]
By Yomna Elshamy, for The Fish Site. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Insights into Iraqi aquaculture Despite the turbulent events that Iraq has witnessed over the past decades, there is still some hope for the country's tiny aquaculture sector, according to […]
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq to incorporate AI in education system: Advisor The Iraqi government is planning to incorporate artificial intelligence skills in the education system, and is set to open three AI clubs in the country to […]
From the United Nations Development Programme (UNDP). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. The Kurdistan Regional Government's (KRG) Ministry of Agriculture and Water Resources, in collaboration with the United Nations Development Programme (UNDP) in Iraq and the United States Agency for International […]
By John Lee. USAID has issued a Complex Emergency Fact Sheet, as at 3rd June 2024. Situation at a Glance 2.5 MILLION People in Need of Humanitarian Assistance (WFP - March 2024) 140,184 Number of IDPs in Central and Southern Iraq Due to ClimateRelated Factors Since 2019 (IOM - May 2024) 1.1 MILLION Estimated Number […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. New Qatari consulate highlights growing ties between Gulf Arabs, Iraqi Kurds Qatar has opened a consulate in Erbil, reflecting the growing relations between wealthy Gulf Arab states and Iraqi Kurdistan. The expansion of […]
By John Lee. Iraqi Prime Minister Mohammed Shia' Al Sudani inaugurated the second specialized workshop to support the private industrial construction sector. During the event, a cooperation agreement was signed between the Trade Bank of Iraq (TBI) and the German Export Credit Agency to finance private sector development projects under the government's sovereign guarantee initiative. […]
By John Lee. At its most recent meeting this week, the Iraqi Cabinet has approved the purchase prices for electricity bought from Silver Crescent: Energy purchase tariff on gas: $24.94 per megawatt hour (MWh); Energy purchase tariff on heavy fuel: $32.37 per megawatt hour (MWh); Combined cycle energy purchase tariff: $36.81 per megawatt hour (MWh), […]
By John Lee. The Iraqi Cabinet has directed the Central Organization for Standardization and Quality Control (COSQC), in coordination with the Directorate for Combating Organized Crime, to monitor all unlicensed factories and take legal action against their owners. Owners of shops selling products from these unlicensed factories will also face legal consequences, and the counterfeit […]
