Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
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)
By John Lee. WEE Pros GmbH (Water, Energy, Environment Professionals) has won a contract with the United Nations Office for Project Services (UNOPS) for "Capacity Building for Professional Services of Beneficiaries, NGOs & Private Sector staff and the Public Sector staff members in Anbar." The contract is valued at $95,000. The company describes itself as […]
By John Lee. Qatar has appointed a new Consul General in Erbil. The Head of the Protocol Department at the Ministry of Foreign Affairs, Ammar Dawood, received the consular credentials of HE Hussein bin Ali Al Fadala on Tuesday. The Qatari Investment Holding Company [Estithmar Holding] has recently announced investments in Iraq. (Source: Qatari Ministry […]
By John Lee. Erbil-based telecommunications company Korek Telecom has reportedly been blocked from communicating with other domestic and international carriers, according to Rudaw. This follows a public announcement last week from Iraq's Communications and Media Commission (CMC), which threatened to disconnect the company if it did not pay its financial obligations: "Based on the expiration […]
