Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
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 £1.2 billion [$1.5 billion] in the four quarters to the end of Q4 2022, an increase of 57.3% or £432 million in current prices from the four […]
By John Lee. Iraq's Cabinet has this week approved an agreement between the Iraqi Ministry of Electricity and Al-Bilal Group, a limited general contracting company, which includes a reduction in the power purchase tariff for two solar power station projects in Karbala (300 MW) and Alexandria (Iskandariya) (225 MW). The agreement reduces the price from […]
From Tasnim, 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. An Iranian official unveiled plans to inaugurate a joint free trade zone with Iraq at the common border by March 2024. Secretary of Iran's Supreme Council of Free and […]
By John Lee. Iraqi Prime Minister Mohammad Shia Al-Sudani chaired a meeting this week to discuss the current state of the industrial sector in Iraq and the launch of a new industrial initiative to boost this sector. The meeting was attended by advisors and private sector representatives. The meeting discussed the initiative, which includes reviewing […]
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. US Secretary of State, Antony Blinken, on Tuesday signed a new national security waiver letting Iraq pay Iran for electricity that, for the first time, allows such […]
By John Lee. The US has reportedly barred 14 Iraqi banks from conducting dollar transactions, as part of a crackdown on illegal transfers of dollars to Iran and other sanctioned countries. According to the Wall Street Journal, the banks include Al Mustashar Islamic Bank, Erbil Bank, World Islamic Bank, Zain Iraq Islamic Bank and Al […]
By Bilal Wahab and Dennis Ross, for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq's Power Problem (Part 2): Implications of the New Oil-for-Gas Deal with Iran Baghdad hopes to avoid power cuts, political turmoil, and […]
By John Lee. Mr. Mohammed Jaafar Al-Sadr, the Iraq Ambassador to London, received Mr. Amet Selman, CEO of AAA Holding Group (AHG) and an investor in the phosphate fertilizer plant in Basra on Monday. During the meeting, Mr. Selman briefed the Ambassador about the company's activities in Iraq, particularly their partnership with the Ministry of […]
By Firas Elias for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Hakan Fidan and the New Turkish Diplomacy in Iraq As Minister of Foreign Affairs, Hakan Fidan (pictured) will have to navigate urgent changes and new […]
By Noam Raydan for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq's Power Problem (Part 1): Persistent Financial and Technical Challenges Diversifying Iraq's energy supplies won't mean much if its power infrastructure is not rehabilitated, and […]
KRG Prime Minister Masrour Barzani has appointed Treefa Aziz as the new KRG Representative to the United States. Ms Aziz was most recently Senior Advisor to the Prime Minister and previously worked for over 25 years in the United States in various capacities in the public and private sector. She was also the KDP Representative […]
From Kurdistan24. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Nearly 6,000 new companies established by KRG's Ninth Cabinet Dara Jalil Khayat (pictured), the President of the Erbil Chamber of Commerce and Industry, has said that a new industrial zone is being built in […]
