Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. Washington DC-based lobbying and legal services firm Squire Patton Boggs has reported that it, and partner Edward J. Newberry, will perform work on behalf of the Iraqi Embassy in the United States. In a statement made pursuant to the US's Foreign Agents Registration Act (FARA), the company said it may: " ... […]
By John Lee. UK-based air quality expert EarthSense has announced a distribution agreement with Enviro Solutions and Technologies Company (EnviroSOLTECH), a specialist environmental monitoring company based in Najaf, Iraq. According to a statement from EarthSense, the partnership will enable EnviroSOLTECH to enhance its air quality monitoring and consultancy services for government departments and local authorities, […]
By John Lee. Tetra Pak, Saudi Arabia's Al Rabie, and Iraqi-based Alssad company for Food have joined forces at Gulfood 2024 to create a strategic partnership that will produce 50 million packaged beverages annually, that aims to address food security concerns in Iraq. According to a LinkedIn post from Tetra Pak, to meet the growing […]
By John Lee. The Director General of the General Company for Iraqi Ports (GCIP) has announced that the revenue at commercial and oil ports exceeded 74.5 billion Iraqi dinars in January, which he said was a "significant increase" compared to the same month last year; he did not specify the size of the increase. Dr. […]
By John Lee. On Wednesday, Iraqi Prime Minister Mohammed Shiaa Al-Sudani received the Chairman of the Russian Union of Manufacturers and Businessmen and the founder of Lukoil, Mr. Vagit Alekperov, along with his accompanying delegation. During the meeting, discussions were held regarding Russian companies operating in Iraq, in light of the visit made by the […]
By John Lee. Prime Minister Mohammed Shiaa Al-Sudani chaired a meeting Sunday evening to discuss the completion of the Nebras Petrochemicals Project, which has been pending since 2015, and is one of the priorities of the economic reform that the government is focusing on. During the meeting, the appointment of a consulting entity for the […]
By John Lee. Iraq and the Netherlands have agreed to set up what they describe as a "comprehensive bilateral cooperation council." The announcement follows talks last week between Prime Minister Mohammed Shiaa Al-Sudani and his Dutch counterpart, Mark Rutte. A statement from the Prime Minister's office said that the new council will branch out into […]
By John Lee. With support from the government of Iraq, the International Trade Centre (ITC), a joint agency of the United Nations (UN) and the World Trade Organization (WTO), organized a two-day trade forum to help Iraqi businesses to identify and develop trade opportunities. The Forum was funded by the European Union (EU). According to […]
By John Lee. Iraq-focussed startup incubator Five One Labs has issued its annual report for 2023. The report includes a look back over the past six years from the perspectives of founders Alice Bosley and Patricia Letayf, along with an overview of the organisation's new initiatives in Iraq. Click here to download the report. (Source: […]
By John Lee. Iraqi Prime Minister Mohammed Shiaa Al-Sudani has received a delegation of Egyptian businessmen and investors specializing in infrastructure projects, the housing sector, and the pharmaceutical industry. Mr. Al-Sudani welcomed the delegation, affirming Iraq's keenness to sustain bilateral cooperation with Egypt and its private sector, and to expand its horizons in various fields. […]
By John Lee. British oil and gas company Shell has withdrawn from the proposed $11-billion Nebras [Nibras] petrochemical project in Basra. According to Argus Media, the company said it made the decision, "after in-depth evaluation on the feasibility of the Nebras integrated petrochemicals complex with our government partners." The company added: "This decision is in […]
From Five One Invest. Re-published with permission by Iraq Business News. Over the past few years, Five One Invest has worked closely with Iraqi founders and investors. The major complaint from growth-stage startups is that investors in Iraq are risk-averse and do not know "venture investing." On the other hand, investors emphasize that there is […]
