Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. The United States has reportedly issued a new waiver allowing Iraq to pay Iran for electricity. According to Reuters, the waiver lasts for 120 days. While not directly confirming the waiver, US State Department spokesperson Matthew Miller told a press briefing on Tuesday: "So I don't have a comment to give on […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani has opened the largest private poultry project in Iraq, located in Karbala. With an annual production capacity exceeding 3 billion eggs and 340,000 tons of meat, the project aims to meet local market demands. During the opening, Prime Minister Al-Sudani emphasized the project's role in achieving self-sufficiency, […]
By John Lee. Iraq's Finance Minister, Taif Sami, has signed a financing agreement for the maintenance of the Ministry of Electricity's power stations with JPMorgan, in partnership with General Electric (GE). The $257 million loan, guaranteed by the US Export-Import Bank (EXIM), is part of the fifth phase of the annual maintenance project. The agreement […]
By John Lee. On Sunday, the President of the Republic of Iraq, Abdullatif Jamal Rashid met with the Saudi Commerce Minister and Head of the Saudi-Iraqi Coordination Council, Majid al-Qasabi alongside a group of Saudi businessmen. At the meeting, President Rashid urged Saudi businessmen to invest in Iraq, assuring government support and facilities for investors. […]
By John Lee. The Central Bank of Iraq (CBI) has reportedly made agreements to support several private Iraqi banks with foreign currency. State-run Iraqi News Agency (INA) quotes a government source as saying that, following meetings in Abu Dhabi with US officials, it has been agreed, "to boost the advance balance of five Iraqi banks […]
By John Lee. Turkmenistan will supply Iraq with 9 billion cubic meters of natural gas per year for five years, according to a deal agreed in Ashgabat on Wednesday. The gas will be transported via Iran in what state-run Turkmengaz describes as a swap scheme. Iraq's Ministry of Electricity confirms the meeting, but makes no […]
By Bassam Yousif (Indiana State University, USA), Omar El-joumayle (Independent Scholar, Norway), and Jehan Baban (Iraqi Environment & Health Society, UK). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Exploring the Water-Energy-Food nexus in context of conflict in Iraq Highlights We explore Water-Energy-Food (WEF) […]
By John Lee. The Kurdistan Regional Government (KRG) has said it is rolling out its "One Window" e-government system across all government institutions in the near future. Statement from KRG: The "One-Window" system revolutionises administrative processes for citizens in the Kurdistan Region, making it easier to handle official documents at government offices. This system, currently […]
From the Iraq Britain Business Council (IBBC): Baroness Nicholson of Winterbourn, President of IBBC, and Christophe Michels, IBBC Managing Director, accompanied by Dr. Ali Jawad, IBBC Representative in Kurdistan, and Mohanad Al Khattab, IBBC Baghdad Office Manager, have visited Erbil to meet with KRG Government and IBBC Members. On the morning of the 31 of […]
By John Lee. The Saudi company Northern Region Cement has signed a contract with Germany's KHD to build a cement production line in Iraq. According to a statement to the Saudi Stock Exchange, the new plant will have an annual capacity of 1.32 million tons of cement, and the project should be completed within 16 […]
By John Lee. The Prime Minister of the Kurdistan Regional Government (KRG) has Barzani has opened what is described as the largest cardboard and packaging factory in Iraq. Masrour Barzani opened the Fabyab facility in Erbil on Tuesday, saying: "This factory plays a crucial role in bolstering our agricultural sector by providing essential packaging and […]
By John Lee. Al-Ekhwa Al-Nubalaa for General Trading & Contracting Limited has won a contract with the United Nations Office for Project Services (UNOPS) for the "Construction of Cat IV Housing Units in Ninewa, Sinjar and Ba'aj Districts" The contract is valued at $1,657,607. (Source: UNGM)
