Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. The Governor of Saudi Arabia's Eastern Province, Prince Saud bin Nayef bin Abdulaziz, has inaugurated the electricity interconnection project between Saudi Arabia and Iraq in the city of Dammam on Tuesday. His Highness confirmed that the electrical interconnection project between the countries of the Gulf Cooperation Council (GCC) aims to preserve energy […]
From the Iraq Britain Business Council (IBBC): Iraq SMEs visit construction and brand licensing exhibitions with IBBC in London IBBC regularly brings over 200 Iraqi SMEs to the UK to engage with various sector exhibitions and conferences. This week, 35 Iraqi SMEs travelled to both the Construction Week and Brand licensing shows at the Excel […]
By John Lee. The Iraqi, vertically integrated, e-commerce store Orisdi has successfully concluded a six-figure bridge round of investment. The company said in a press release that the funding was arranged in August, and included both new investors and existing shareholders, such as Al Sharqiya TV Group, Amar Shubar, Ahmed Sultani, Naveed Pasha, Hassan Al […]
By John Lee. Iraqi Prime Minister, Muhammad Shiaa Al-Sudani, arrived in Moscow on Tuesday for a meeting with the President of the Russian Federation, Vladimir Putin, as part of his official visit to the country. According to a statement from the Media Office of the Iraqi Prime Minister, the meeting included discussion of the development […]
The Government of Iraq has made "several important steps and promising initiatives" one year since its formation, but more efforts are required to address the populations needs, the Head of the UN Mission in the country, UNAMI, told the Security Council on Tuesday. Presenting the Mission's latest report, UN Special Representative Jeanine Hennis-Plasschaert updated ambassadors […]
Iraqi Children Foundation's 11th Annual "In Their Shoes" 5K is coming up on October 15! Help us raise awareness and funds for ICF's programs and provides access to lifesaving medical treatment, education, legal services, psychosocial support, food, and more. Details Where: Hains Point, Washington, D.C. or Virtually When: Sunday, October 15 registration at 7am and […]
By John Lee. The World Bank has revised down its estimates for growth in Iraq. In its MENA Economic Update (previously known as MENA Economic Monitor), it says the forecast for GDP growth in Iraq for 2023 has been updated to -2.3 percent, 5.1 percentage points less than the forecast in April 2023, and significantly […]
By Hayder Al-Shakeri for the Institute of Regional and International Studies (IRIS) at the American University of Iraq, Sulaimani (AUIS). The opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. The Underbelly of Iraq's 'Economic Boom' Most ordinary enterprises are forced to navigate an economic system […]
By John Lee. The Central Bank of Iraq (CBI) has clarified that, from 1st January 2024, it will still be possible to withdraw dollars from a dollar account at an Iraqi bank. This contradicts recent media reports which suggested that all dollar withdrawals would be blocked from this date. In a statement, the CBI said: […]
By John Lee. Dr. Qahtan Taha Khalf, the Ambassador of the Republic of Iraq in Moscow, met with Alexey Repik, the President of Business Russia, on Tuesday. Business Russia describes itself as "an All-Russia Public Organization which represents the interests of private non-resource businesses - local industry leaders." During the meeting, they discussed ways to […]
By Maha Yassin for the Institute of Regional and International Studies (IRIS) at the American University of Iraq, Sulaimani (AUIS). The opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Scaling Up Iraq's Energy Transition: Is Now the Right Time? Iraq is expected to experience a […]
By Dashti Adil for the Institute of Regional and International Studies (IRIS) at the American University of Iraq, Sulaimani (AUIS). The opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraqi Kurdistan's Electricity Crisis: Challenges and Sustainable Solutions KRG policymakers must embrace solutions that both expand […]
