Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. Mobile phone service Asiacell has reported strong growth in revenue and EBITDA. In its financial results for the nine-month period ended 30 September 2023, parent company Ooredoo said: "Asiacell maintained its strong performance into Q3, delivering double-digit revenue and EBITDA growth. Asiacell' customer base remained stable at 17.1 million customers. "Revenue increased […]
By John Lee. The Iraqi Cabinet has approved a recommendation1 of the Energy Council, to allow the Ministry of Electricity to invite specialized companies to implement a Smart Metering System in the country. According to the statement from the Media Office of the Prime Minister, the process is also exempt them from the usual instructions […]
By John Lee. The Iraqi Cabinet has approved the opening of an Iraqi commercial office in Saudi Arabia's Arar region. The office is intended to enhance trade between the two countries, based on the provisions of Article 26 of the Foreign Service Law (Law No. 45 of 2008). (Source: Media Office of the Prime Minister)
The Italian Agency for Development Cooperation (AICS) is funding a project implemented by the ILO in Iraq's Governorate of Al Muthana to enhance support for private sector development and decent work creation, with a focus on supporting young people to pursue sustainable green businesses and start-ups in Southern Iraq. The ILO held meetings with partners […]
By John Lee. From September 17 to 21, 2023, Veteffect, RVO and the Dutch Consulate General-agricultural team organized a Horticultural Orientation Mission to the Kurdistan region of Iraq (KRI). Because of urbanization and climate change, protected horticulture offers attractive opportunities for business, food security and jobs in KRI. According to a statement just issued from […]
The Iraqi Riyada Network for Access, Development, and Advancement (IRADA Network) was launched recently in Baghdad. It is the creation of a consortium of prominent institutions specializing in business development and entrepreneurship, including the RWANGA Foundation in Iraqi Kurdistan, Qaf Lab in Mosul, and Tafa3ul Hub from Basra. Institutions From Baghdad include Computiq, The Station, […]
By John Lee. The Kurdistan Regional Government (KRG) has said that customs duties and taxes at border crossings will now be levied exclusively in Iraqi dinars instead of US dollars. Full statement from the KRG: According to Decree No. 227 of the Council of Ministers, dated September 20, 2023, customs duties and taxes at border […]
By John Lee. An advisor to the Iraqi Prime Minister has reportedly announced Iraq's intentions to build factories for the German companies Mercedes and MAN. Al Iqtisad quotes Mohammed Sahib al-Daraji as saying that this initiative is a result of a memorandum of understanding (MoU) signed by Iraq's Defence Industries Commission (Military Industrialization Authority) and […]
Kurdistan Region Strengthens Commercial Ties with Pakistan On Wednesday, October 11, 2023, Kamal Muslim, the Minister of Trade and Industry for the Kurdistan Regional Government (KRG), held a meeting with Ahmed Amjad Ali, the Ambassador of Pakistan to Iraq. During the meeting, both parties discussed strategies to enhance bilateral trade relations, with a special emphasis […]
By John Lee. The Director General of Dhi Qar Oil Company (DQOC), Ali Khudair Abbas, has unveiled the company's plans to transition to solar energy systems for supplying electricity to oil fields, facilities, and its departments. He said that this move aligns with the directives of the Minister of Oil to adopt renewable energy for […]
By John Lee. A factory in Erbil is recycling road materials, specifically asphalt, to reuse them for road maintenance and construction, according to a statement from the Kurdistan Regional Government (KRG). It says this project, run by public sector employees, is one of the most modern asphalt recycling facilities, with a daily production capacity of […]
By John Lee. The Iraqi Cabinet has approved the recommendation from the Ministerial Energy Council (Resolution No. 23089 for 2023), allocating $202,576,000 from the Ministry of Finance to the Ministry of Electricity for the purpose of rehabilitating Units 2 and 3 at the Hartha Thermal Station (pictured) and the rehabilitation of the Doura Gas Station. […]
