Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
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: […]
By John Lee. Finance Minister Satif Sami has met with Jean-Christophe Carre, the Regional Director for the Middle East at the World Bank, along with the bank's Special Representative in Iraq, Richard Abdulnour, and a number of experts and specialists. The meeting discussed development project priorities and ways in which the World Bank can support […]
From the United Nations Office for Disaster Risk Reduction (UNDRR): UN Agencies Launch Joint Programme to Support Iraq, Jordan, and Lebanon in Climate Change Response The International Organization for Migration (IOM), the World Health Organization (WHO) and the United Nations Office for Disaster Risk Reduction (UNDRR) have launched a joint programme to support the health […]
By John Lee. AD Ports Group has announced that it has entered into a preliminary agreement with the General Company for Ports of Iraq (GCPI). Under the terms of the agreement, both parties will establish a joint venture to develop Al-Faw Grand Port and its economic zone, as well as any future expansion. The agreement […]
By John Lee. The Iraqi Cabinet has granted the Ministry of Interior the authority to contract directly with the Verdalia company, the sole agent for the German company Ottobock in Iraq, which specializes in manufacturing and installing smart prosthetic limbs. Sources told Iraq Business News that Verdalia, which is based in Cyprus, operates in Iraq […]
By John Lee. Prime Minister Mohammed Shiaa Al-Sudani has received an official invitation from Saudi Crown Prince Mohammed bin Salman bin Abdulaziz to participate in the special meeting of the World Economic Forum (WEF), to be hosted by the Kingdom at the end of April. In a letter to the Prime Minister, Prince Mohammed bin […]
By John Lee. Ziad Ali Fadel, Iraq's Minister of Electricity, arrived at the Iraqi-Jordanian border on Saturday morning to inaugurate the first phase of the Iraqi-Jordanian electrical interconnection project. This interconnection will provide between 40 to 50 megawatts of power to benefit the Rawa district, which has been deprived of electricity for over 10 years […]
