Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
Iraq, at the crossroads of several trade routes in the Middle East, has become the 78th country to accede to the United Nations TIR Convention. Iraq's accession to the TIR Convention anchors its strategic role as a transit hub and supports the country's economic vision to expand its non-oil sectors. The TIR system will boost […]
Iraq Business News Expert Blogger, Ahmed Tabaqchali, has just published his thoughts on the 20-year anniversary of the US invasion of Iraq, for the Atlantic Council. Click here to read the full article.
By John Lee. Iraq and the Sultanate of Oman are finalising a memorandum of understanding (MoU) in the field of combating corruption. The Iraqi Integrity Commission's head, Judge Haider Hanoun, praised Oman's cooperation with the commission regarding extradition, including the arrest of fugitives by Omani authorities. Talks are underway to conclude the MoU to exchange […]
By John Lee. The United Nations (UN) Secretariat has awarded several Iraq-related contracts recently: Supply and installation of prefab unit offices for Ninewa Water Directorate and Mosul Municipality: Granted to Jibal Al-Madina co. for general contracts Ltd. Contract value $39,900; Rehabilitation of 26 Damaged Houses in Jafriyah Village, Sinjar District, Ninewa Governorate: Granted to Aswar Al-Hadhaba […]
By John Lee. The Saudi EXIM Bank has announced the signing of an agreement with Iraqi Islamic Bank for Investment and Development for a new, SAR75-million [$20 million] credit line. The new credit line is the latest addition to the broad portfolio of financial instruments that Saudi EXIM Bank provides to national financial institutions to […]
By John Lee. The Prime Minister of Iraq, Mohammed S. Al-Sudani, has approved the recommendations of a committee investigating corruption in the Umm Qasr port. The committee found that private companies operating at the General Company for Iraqi Ports were charging additional fees not approved by the Ministry of Transportation, leading to increased prices for […]
By Hayder Al-Shakeri for Chatham House. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Are new US financial restrictions on Iraq missing their target? The latest restrictions are a symptom of increased US-Iran tensions. But as Iraq's elite find ways around them, ordinary Iraqis […]
WFP Iraq partners with the Ministry of Trade to Reform the Public Distribution System In Iraq The United Nations World Food Programme (WFP) signed a Letter of Cooperation (LoC) with the Government of Iraq's Ministry of Trade (MoT) to formalize their collaboration to reform the Public Distribution System (PDS) in Iraq. By signing the LoC, […]
By Zeinab Shuker for the Middle East Research and Information Project (MERIP). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Water, Oil and Iraq's Climate Future Iraq's ecological devastation was set in motion years before the 2003 invasion. Click here to download the full […]
Prime Minister Mr. Mohammed S. Al-Sudani, met on Thursday with the International Monetary Fund (IMF) Resident Representative, Mr. Gazi Shbaikat. During the meeting, they discussed Iraq's relationship with the IMF and the cooperation in supporting financial policies and plans to achieve stability in the Iraqi economy. They highlighted the importance of the financial and administrative […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq-Morocco rapprochement could release frozen assets, address IS members In a sign of warming ties, Moroccan Foreign Minister Nasser Bourita traveled to Baghdad early this year to reopen his country's embassy. Amid the […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Deep Dive: Iraq, Turkey to boost economic ties, freeze political differences Iraqi Prime Minister Muhammad Shia' Al-Sudani has paid his first official visit to Turkey since taking office last October, holding important talks with […]
