Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. Real GDP is expected to fall by 0.3 percent this year, according to the World Bank's latest Global Economic Prospects report. This represents a significant reduction on the previous forecast of 4.2 percent growth, issued in January. The report says, "oil production cuts have partly contributed to weakened activity in Iraq", adding, " projected […]
By John Lee. Iraq's Minister of Higher Education and Scientific Research has announced the launch of technological and scientific incubators in universities. Addressing the first conference on technological and scientific incubators, Dr. Naeem Abd Yaser Al-Aboudi said the initiative is a continuation of the government's support for innovation and entrepreneurship, with a view to promoting […]
By Simon Watkins for the OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq and China Strengthen Ties With Major Development Initiative A series of high-level meetings took place last week between senior Iraqi and Chinese officials to finalize the details of the […]
By John Lee. American engineering firm KBR has announced that it has been awarded a five-year contract, with options, to support the Iraqi government's visionary infrastructure and future energy ambitions, including the delivery of megaprojects and sustainable development. Under the terms of the $46 million contract, KBR will provide its differentiated advisory and consultancy capabilities […]
By John Lee. On a webinar organised by the Iraq Britain Business Council (IBBC) on Tuesday, Professor Frank Gunter of Lehigh University and Dr Ahmed Tabaqchali of AFC Iraq Fund (and Expert Blogger on Iraq Business News) discussed the drivers of the Iraqi dinar exchange rate. The event marks the official launch of the IBBC's […]
By John Lee. Under the patronage of Minister of Industry and Minerals, Dr. Engineer Khaled Battal Al-Najm, the ministry's Development Advisor, Qaisar Ahmed Al-Hashimi, inaugurated a copper recycling plant in Dhi Qar's General Company for Electrical Industries. This project, in partnership with a private Iraqi company, aims to produce 3,000 tons of copper rods annually. […]
From the Iraq Britain Business Council (IBBC): IBBC's 15th Anniversary Conference. Much to celebrate in Iraq as energy takes centre stage. IBBC is celebrating 15 years in Iraq at a time when Iraq is moving into a new prosperous and stable era. IBBC Spring Conference at the Mansion House on 2nd July will reflect our […]
By John Lee. The Iraqi Ministry of Transport has announced the release of salaries for employees of the company responsible for security at Baghdad International Airport (BIAP) for the second consecutive month, following directives from the Council of Ministers and under the supervision of Minister Razzaq Muhibis Al-Saadawi. According to a statement from the Ministry's […]
Five One Labs Launches New Business Support Program in Iraq in Partnership with the World Bank Group The World Bank Group and Five One Labs, an international startup incubator with operations in the Kurdistan region of Iraq, are partnering to spearhead initiatives supporting forcibly displaced related startups and micro, small, and medium-sized enterprises (MSMEs) in […]
By John Lee. The head of Iraq's National Investment Commission (NIC), Dr. Haidar Mohammed Makkiya, has met with the Lebanese Minister of Economy and Trade, Mr. Amin Salam. During the meeting, Makiya affirmed Iraq's desire to expand cooperation in the investment sector. The NIC chairman stated that the Iraqi government aims to achieve integration in […]
By John Lee. On Wednesday, 12 June 2024, Prime Minister Masrour Barzani of the Kurdistan Regional Government (KRG) welcomed Patrick Durel, the newly appointed Ambassador of France to Iraq. Prime Minister Barzani congratulated Ambassador Durel on his new role and emphasised the importance of fostering strong relations between France and the Kurdistan Region for future […]
By John Lee. The International Organization for Migration (IOM) has issued a new 18-page report titled, 'Climate Vulnerability Assessment in the Kurdistan Region of Iraq'. The report highlighted a number of points: Iraq, including the Kurdistan Region of Iraq (KRI), is facing various challenges related to climate change and environmental degradation, such as rising temperatures, […]
