Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. Iraqi Prime Minister, Mr. Mohammed S. Al-Sudani, has met with a group of scientists, inventors, innovators, researchers, university professors, and patent holders from diverse academic fields. The meeting aimed to discuss and explore proposals that could positively impact the country's economy and address various service and life-related challenges. During the gathering, the […]
By John Lee. A recent report has found that Iraq has potential to evolve into a talent supply hub for basic offshore jobs, mainly driven by its cost competitive labor force, operational Special Economic Zones, and low corporate tax rates. However, critical challenges, including political risks and lagging telecom and physical infrastructures, may threaten the […]
By John Lee. The Prime Minister of Iraq, Mr. Mohammed S. Al-Sudani (pictured), has said the he anticipates the exchange rate between the Iraqi dinar and the US dollar will stabilize at the official rate of 1,320 IQD. Speaking at the Iraq Forum for Stability and Prosperity in Baghdad last week, he also said that […]
By David S Cloud, for the Wall Street Journal. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraqis Fly to Nearby Countries to Get Dollars as U.S. Cracks Down on Money Laundering The cash-driven economy relies heavily on the greenback for transactions. Click here […]
Prime Minister Masrour Barzani on Thursday received the German Ambassador to Iraq, Martin Jaeger at the end of his term. The Prime Minister reiterated his appreciation for the German Ambassador's continuous efforts to strengthen ties between Kurdistan and Germany, while wishing him success in his future positions. The German Ambassador expressed gratitude to the Kurdish […]
From Middle East Monitor, under a Creative Commons licence. Any opinions expressed are those of the author(s) and do not necessarily reflect the views of Iraq Business News. The Iraqi Ministry of Electricity announced its plans to raise electricity production to 24,000 megawatts in May, an increase of 3,500 megawatts from the current production, local […]
From the Iraq Britain Business Council (IBBC): IBBC attends first conference of petrochemicals, fertilizers and mineral investment hosted by Ministry of industry and minerals. The aim of the conference was to attract investors to the field of important minerals to the Iraqi economy, such as sulphur and phosphate, as well as the raw materials that […]
By John Lee. A delegation from the Iraqi Ministry of Transport has travelled to Russia for discussions on cooperation in the transport sector. The Director of Iraq's General Company for Land Transport, Mortada Karim Al-Shahmani, discussed cooperation in land transportation of people and goods between Iraq and Russia. The meeting resulted in finalising a cooperation […]
By John Lee. Iraq will hold an international conference in Baghdad at the end of May to discuss the plans for the "development road project", sometimes referred to as the "dry canal project". The project will link Iraq's Grand Faw port by rail to the Mediterranean, with the intention of providing a cost-effective alternative to […]
By John Lee. Iraq's Council of Ministers has approved the renewal of two contracts between the Ministry of Electricity's General Company for the Transmission of Electricity for the Northern Region and energy suppiers: Qaiwan's contract to supply 400-800 megawatts of energy to be extended for one year; Kar Group's contract for the supply of 150-385 […]
By John Lee. Iraq's General Company for Glass and Refractories has signed a partnership contract with what the Ministry of Industry describes as the "Federation of Russian Companies". The partnership aims to establish and rehabilitate seven glass and ceramic factories in Anbar governorate: A sanitary ware and ceramics production plant with a capacity of 15 […]
By Dr. Layth Mahdi. The opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq: A roadmap for successful economic development With every change of government, we hear similar political statements about rebuilding Iraq. I genuinely believe the Iraqi people are capable of developing an economy […]
