Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
The International Finance Corporation (IFC), part of the World Bank Group, is supporting Sama Al-Manar and Manar FZCO, subsidiaries of Türkiye-based Tiryaki Agro, in developing a new state-of-the-art agro-industrial complex in Iraq's Umm Qasr Port, including a soybean crushing plant and warehouses, which will help bolster food security, create jobs, and diversify the country's economy […]
By John Lee. The Central Bank of Iraq (CBI) has decided to establish the "National Company for Electronic Payment Systems in Iraq," marking a qualitative development in the country's financial infrastructure. The new company will be responsible for efficiently developing, operating, and managing national electronic payment and settlement systems, introducing new elements to enhance the […]
From Ex-Machinery. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. The Hidden Danger of Combustible Dust Dust explosions, though less obvious than other hazards, pose significant risks in various environments. Such explosions occur when combustible dusts like sawdust or flour become airborne and […]
By John Lee. Judge Haider Hanoun, the head of Iraq's Integrity Commission, has met with an American delegation to explore the possibility of a memorandum of understanding between Iraq's Asset Recovery Fund and the US Treasury. The meeting, held at the US Treasury headquarters, aimed to address Iraq's need for assistance in determining the fate […]
By John Lee. A delegation from the Federation of Iraqi of Chambers of Commerce (FICC), led by Abdulrazzaq Al-Zuhairi, held a meeting with the Iraqi Ambassador to London, Mohammed Jafar Al-Sadr, at the Iraqi Embassy in London. The meeting, attended by Deputy Head of the State Council Dr. Abdul Latif Naif, Dr. Najib Shakir Mahmoud, […]
By John Lee. A memorandum of understanding has been signed between the Small and Medium Enterprise Development Agency (KOBIA) of Azerbaijan and the Federation of Iraqi Industries, fostering collaboration in the provision of services to small and medium enterprises (SMEs). The agreement was formalized during the 3rd session of the Joint Commission for Economic, Scientific, […]
From the Iraq Britain Business Council (IBBC): IBBC's two-day conference success 'Building a sustainable future for Iraq'. IBBC held an expanded two- day conference in Dubai to coincide with Cop 28 to focus on 'a sustainable future for Iraq', with one day dedicated to Education and Training and one for Business, Investment, and Energy. IBBC […]
JICA renews commitment to boost infrastructure projects for transformative development in Iraq The United Nations Development Programme (UNDP) in Iraq and Japan International Cooperation Agency (JICA) Iraq Office renewed its long-standing, partnership agreement related to the establishment of socio-economic infrastructure projects in Iraq, with the support of the Government of Iraq (GoI). This agreement is […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Why Iraq's oil tanker ambitions have not made it to deep waters Shipping is one of many sectors where Iraq is still playing catch-up after decades of conflict. To this end, the Iraqi […]
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. KRG official warns gold smuggled from Sulaimani to Iran The president of the Kurdistan Region's importers and exporters union told Rudaw on Wednesday that gold is being smuggled to Iran from Sulaimani province, revealing […]
WFP land mapping study reveals Iraq's diverse ecological zones in need of protection against climate change The United Nations World Food Programme (WFP) and the Government of Iraq have launched the Land Use Land Cover (LULC) project in Baghdad, a vital step in fighting climate change. LULC generates high-resolution satellite imagery crucial for understanding environmental […]
By John Lee. Saudi Arabia has reportedly made $3 billion available for investment in Iraq. The country's ambassador to Iraq, Abdulaziz Al-Shammari (pictured), told the state-run Iraqi News Agencyt (INA) that, "$3 billion is now available at the Public Investment Fund ... coordination is underway between the fund of Iraq for development and the investment […]
