Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. Prime Minister Ali al-Zaidi received United Nations Assistant Secretary-General and United Nations Development Programme (UNDP) Administrator Abdullah Al-Dardari and his accompanying delegation. According to the Prime Minister's Media Office, the meeting covered several issues including project financing mechanisms, strengthening social protection programmes, establishing a development fund, and support for the return of […]
By John Lee. The Central Bank of Iraq (CBI) has firmly denied reports that it intends to change the exchange rate of the Iraqi dinar. In a statement, it said a forged document is being circulated claiming that the Prime Minister's office had submitted a request to the Finance Committee of the Council of Representatives […]
By John Lee. According to the Iraqi Civil Aviation Authority (ICAA), the opening of Mosul International Airport has been delayed due to several outstanding technical and operational requirements. The authority said it continues to monitor the project through regular field visits by technical teams and coordination with the Nineveh provincial administration and other relevant parties […]
By John Lee. Real GDP in Iraq is expected to fall by 8.9 percent this year, according to the World Bank's latest Global Economic Prospects report. This represents a significant reduction on the previous forecast of 4.4 percent growth, issued one year ago. The report says: "The sharp slowdowns projected for Iraq, Kuwait, and Qatar will be […]
By John Lee. Two economic meetings have taken place in Paris between a delegation of Iraqi companies and representatives of the French employers' association Mouvement des Enterprises de France (MEDEF) and the Organisation for Economic Co-operation and Development (OECD), aimed at strengthening trade and investment ties between Iraq's private sector and its French and international […]
By John Lee. According to the Ministry of Electricity, current electricity generation has reached around 22,000 megawatts, with governorate allocations calculated based on net generation after accounting for exemptions including government hospitals, water stations, losses, loads and auxiliary equipment. The ministry said allocations are distributed according to approved percentages set by the Higher Coordination Committee […]
By John Lee. Uzbekistan Prime Minister Abdullah Aripov received Iraqi Minister of Trade Dr Mustafa Nizar Al-Aani in Tashkent during Iraq's participation in the Fifth Tashkent International Investment Forum. According to the Ministry of Trade, Aripov confirmed Uzbekistan's interest in expanding economic and trade relations with Iraq, including completing procedures to establish the Joint Trade […]
By John Lee. Iraq has prevailed in an international arbitration case brought by Orange against the Republic of Iraq and the Communications and Media Commission (CMC), with all of the company's claims dismissed by the International Center for Settlement of Investment Disputes (ICSID). The Ministry of Justice said the outcome was the result of sustained […]
By John Lee. A reconstruction and investment dialogue has been held in Baghdad to discuss future development priorities and investment opportunities for the capital. The meeting was convened by the French Iraqi Business Council (IFBC) at the headquarters of Baghdad Mayoralty and hosted by Baghdad Mayor H.E. Eng. Ammar Mousa Kadhim. The delegation was led […]
By John Lee. Iraq and Australia have discussed expanding cooperation in the financial and banking sectors, with a focus on economic reform, development, and knowledge-sharing. During a meeting in Baghdad, Finance Minister Faleh Al-Sari and Australian Ambassador Glenn Miles reviewed opportunities to strengthen economic relations between the two countries. The discussions covered a range of […]
9By John Lee. The Federal Commission of Integrity has issued a statement clarifying the background to a criminal complaint before the Central Anti-Corruption Criminal Court against a sitting member of the Iraqi Council of Representatives. According to the Federal Commission of Integrity, the unnamed MP is alleged to have extorted the owner of a residential […]
By John Lee. The Jordan Chamber of Industry (JCI) and an economic delegation from the Kurdistan Region of Iraq met on Tuesday to discuss ways to organise reciprocal visits for businesspeople and investors to explore investment opportunities and build sustainable partnerships. According to Jordan's state-run Petra news agency, the talks, held at the JCI's headquarters […]
