Archive | Iraq Industry & Trade News

Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.

Iraqi PM chairs meeting of Reconstruction and Investment Cmte

By John Lee. Iraqi Prime Minister Mohammed Shia Al-Sudani has led the fifth meeting of the High Committee for Reconstruction and Investment, at which several housing projects were approved in various provinces. During the meeting, authorization was granted to the Ministry of Construction, Housing, and Municipalities to negotiate with the executing company for the Housing […]

"Iran-Backed Company" to grow Palms on Saudi Border

By Dana Taib Menmy for The New Arab. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq grants investment rights to PMF-linked company for one million palm trees in Samawah Desert Iraqi and US scholars have raised questions about the project's feasibility, accusing the […]

Topographic Survey of Desert Area in Samawa

By John Lee. The United Nations (UN) Secretariat has awarded Al Sudoof for general Trading, designs, engineering consultation and digital mapping Ltd. a contract for "Conducting Topographic Survey for Selected Desert Area in Samawa, Al-Muthanna Governorate." The contract value is $47,742. (Source: UNGM)

Iraq Reveals Joint Projects with Saudi in Healthcare, Pharma

By John Lee. The Iraqi Health Ministry has announced new initiatives with Saudi Arabia, focusing on establishing health centers and pharmaceutical factories. Speaking to the state-run Iraqi News Agency (INA), Minister of Health Saleh Al-Hasnawi emphasized the significant development in Iraqi-Saudi relations, spanning political, economic, and service sectors. He said the two ministries are jointly […]

EY to Advise Iraq on Banking and Insurance Reforms

By John Lee. The Iraqi Cabinet has approved a series of contracts with UK-based professional services firm Ernst & Young (EY), aimed at reforming Iraq's banking and insurance sectors: The first contract involves a comprehensive study on the restructuring of the state-owned Rafidain Bank and Rasheed Bank, with recommendations and a roadmap expected within six […]

Electricity Shortages: Protesters Block Sulaimani-Erbil Road

From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Protesters block Sulaimani-Erbil road over electricity shortages The residents of over a dozen villages in the Khalakan area blocked cargo trucks' access to the main Sulaimani-Erbil highway on Tuesday, decrying the amount of subsidized […]

UN Awards $3m Iraq Maintenance Contract

By John Lee. The Abnaa al Abduly Company has won a contract with the United Nations Assistance Mission for Iraq (UNAMI) for: "Provision of Facilities Maintenance/repair and Ground Maintenance Services Within UNAMI Premises at the UNAMI Diwan Compound, Tamimi Compound, Transport Workshop and UNITAD Villa in International Zone, Baghdad, Iraq" The contract is valued at […]

Spanish Companies meet with Iraqi PM

By John Lee. In a meeting attended by the Spanish Prime Minister Pedro Sanchez, Iraqi Prime Minister Mohammed Shiaa Al-Sudani met with representatives from Spanish businesses and Iraqi entrepreneurs. The Spanish companies attending the meeting were: Andra Consultrans Group: A Madrid-based, "engineering, architectural, strategic consultancy and information and technology projects for the transport sector, both […]

Saudi Elevator company signs agency agreement in Iraq

By John Lee. Saudi Arabia's Gulf Elevators and Escalators Co. (GEEC), a subsidiary of Mayar Holding, has signed an exclusive agency agreement with Midpoint Trading and Agencies Ltd. in Iraq. According to a statement from Mayar, under the three-year agreement, Midpoint Trading and Agencies will exclusively market, sell, install, and maintain Gulf Elevators' elevator and […]