Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. The Iraqi Cabinet has revoked a decision to relocate its consulate general from the Turkish city of Gaziantep to the province of Mersin. It said the decision came as part of "diplomatic organization efforts," but provided no further information. (Source: Media Office of the Prime Minister)
By John Lee. Iraq is to appoint a commercial attaché to the African continent. The role, approved at Wednesday's cabinet meeting, will be based in South Africa. (Source: Media Office of the Prime Minister)
By John Lee. On 6 February 2024, the Kurdistan Regional Government's Prime Minister, Masrour Barzani, welcomed James Goldman, the newly appointed British Consul General to the Kurdistan Region. Prime Minister Barzani extended his congratulations to Consul General Goldman on his new role and emphasised the KRG's commitment to advancing bilateral ties between the two regions. […]
By John Lee. Iraqi company Muhaj Baghdad has awarded Italy's Danieli the contract to build a new rolling mill plant for rebar production. The plant will be located in the industrial area of Al-Hilla near Baghdad and will have a capacity of 500,000 tons per year. According to a statement from Danieli, the plant will […]
By John Lee. Iraqi Foreign Minister Fuad Hussein has called on the US Treasury Department to reconsider its recent imposition of sanctions on Iraqi banks. During a phone call from the US Secretary of State, Antony Blinken, Minister Hussein explained that these banks have, "an important and major role in financing ration card expenses and […]
By John Lee. Transparency International has said that Iraq has improved its ranking, and maintained its score, in the global Corruption Perceptions Index (CPI) for 2023. From a total of 180 countries, Iraq came in at number 154, up 3 places on the previous year. This result puts it on equal ranking with Honduras, Azerbaijan […]
By John Lee. A committee of the Ministry of Industry has approved a plan to build an industrial city at the site of the General Company for Iron and Steel in Basra. According to a statement from the Ministry, the new development will be built in collaboration with a Chinese company, and based on the […]
By John Lee. US-based Cdata Software has won a contract with the United Nations Office for Project Services (UNOPS) for, "provision of integration solutions for the Treasury Management System (Licenses Renewal)." The contract is valued at $32,498. (Source: UNGM)
By John Lee. Turkiye's Transportation and Infrastructure Minister, Abdulkadir Uraloğlu, met with the official delegation led by the Iraqi Minister of Transport, Razzaq Muhebess Al-Saadi, on Friday. Minister Uraloğlu stated that they discussed regional issues and cooperation on the Development Road project. He emphasized the significant progress made in both the railway and highway phases […]
Iraq takes major step forward towards ratifying ILO Convention 190 The International Labour Organization (ILO) with the support of the European Union successfully concluded a transformative workshop in Erbil, Iraq on the ratification of ILO Convention 190 on the Elimination of Violence and Harassment in the World of Work. The workshop was organized after the […]
By John Lee. The Turkish Statistical Institute has said that Iraq was Turkiye's third-biggest export partner in 2023. December 2023 - Main Export Partners: 1. Germany: $1.679 billion 2. USA: $1.314 billion 3. Iraq: $1.254 billion 4. United Kingdom: $1.217 billion 5. Italy: $1.022 billion Percentage of Top 5 in Total Exports: 28.2% January-December 2023 […]
By John Lee. Iraq's Minister of Industry and Minerals, Dr. Engineer Khaled Battal Al-Najm, chaired a meeting of the Board of Directors of the General Company for Phosphates on Tuesday. The meeting was attended by the directors of the control, legal, technical, and investment departments within the ministry to discuss the latest developments regarding the […]
