Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
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 […]
By John Lee. According to a report from Rudaw. the director of Baghdad International Airport (BIAP) has submitted his resignation on Sunday, following an encounter with Prime Minister Mohammed Shia' al-Sudani, at which the PM strongly criticized the director for the airport's poor quality of services. Prime Minister of Iraq, Mr. Mohammed S. Al-Sudani, has […]
By John Lee. Pakistan's Attock Cement Pakistan Limited will reportedly sell its investment in its cement grinding facility in Iraq. Pro Pakistan reports that its 60-percent share in Saqr Al-Keetan for Cement Production Company Limited (SAKCPCL), located at Khor Al-Zubair, Basra, will be sold for a US$23.4 million, to be paid in three tranches. The […]
In coordination with the Iraqi Ministry of Water Resources, the Kurdistan Region will construct three new strategic dams to capture one billion cubic meters of water. Within the framework of the Kurdistan Regional Government's strategic plan to fight drought, three dams named "Dalga", "Mandawa", and "Bakrman" will be constructed in the Erbil, Duhok and Raparin […]
By John Lee. The Guardian has claimed that a new cache of documents undermines key evidence used to jail a pair of foreign businessmen in Baghdad. Australian engineer Robert Pether and his Egyptian colleague Khalid Radwan have been detained since April 2021. They have been sentenced to five years in prison and jointly fined $12 […]
By John Lee. The World Bank's International Center for Settlement of Investment Disputes (ICSID) has appointed an ad hoc committee to consider the possible annulment of an award made in favour of the Iraqi Government, in relation to a dispute over the alleged takeover of a cement factory in Kirkuk. Germany's AHG Industry GmbH & […]
By John Lee. The UK's Department for Business and Trade has said that total trade in goods and services (exports plus imports) between the UK and Iraq was £885 million [$1.106 billion] in the four quarters to the end of Q3 2022, an increase of 39.4% or £250 million in current prices from the four […]
By John Lee. Iraq's Council of Ministers has approved the recommendation to convert the Sadr power station from a simple cycle to a combined cycle operation. The conversion will be done by the American company Stellar Energy for a total cost of $877,200, an increase of 3.2 percent from the original estimate. Total capacity will […]
By John Lee. Iraq's Minister of Agriculture, Abbas Jabr Al-Ali Al-Maliki, met with the Hungarian ambassador to Baghdad, Attila Tar, to discuss the development of Iraqi-Hungarian relations, specifically in agriculture. The ambassador presented areas of joint cooperation, including the manufacture of modern machinery, agricultural commodities, organic fertilizers, and scholarships. The Minister welcomed Hungary's participation in […]
