Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. Prime Minister Mr. Mohammed S. Al-Sudani has inaugurated the electronic passport portal and observed the detailed steps and procedures for issuing the electronic passport. He also witnessed the issuing of the first electronic passport in Iraq. The Prime Minister commended the efforts of the workers in the Directorate of Civil Status, Passports […]
By John Lee. Iraq's Federal Commission of Integrity has issued warrants for the arrest of four senior officials in the previous government, including former Minister for Finance, Ali Allawi (pictured). The warrants relate to the theft of 3.7 trillion Iraqi dinars ($2.5 billion) from the General Tax Authority's account at the state-run Rafidain Bank, an […]
By John Lee. Iraq has fallen two place in this year's Legatum Institute Prosperity Index, ranking in 140th place out of the 166 countries measured. The Index consists of 12 pillars of prosperity, split into 67 discrete policy-focussed elements, and is underpinned by 299 indicators. Denmark, Sweden and Norway took the top three positions. The […]
By John Lee. A meeting was held this week under the supervision of the Governor of Erbil, Omid Khoshnaw, for the Development and Support of Industrial Projects Committee in Erbil Governorate. At the meeting, it was decided to allocate land for the implementation of 15 heavy and medium industrial projects, whose owners applied for land. […]
9By John Lee. The Kurdistan Regional Government (KRG) has reported that the Derluk Hydroelectric Power Project is now 95-percent completed. Described as the most advanced hydroelectric station in the region, the plant is located on the Great Zab River in Derluk, Amadiyah district. The $151-million project comprises two turbines, with a total production capacity of […]
By John Lee. Iraq's Council of Ministers has approved the following recommendations for importing urea and DAP (di-ammonium phosphate) fertilizers: Cancel import licenses for urea and DAP fertilizers. Allow private and mixed-sector companies, licensed agricultural offices, and the General Union of Agricultural Associations to import urea and DAP fertilizers without an import license. Allow entry […]
By John Lee. KRG President Nechirvan Barzani met with the Russian Ambassador to Iraq, Mr. Elbrus Kutrashev and his accompanying delegation in Erbil this week. The meeting discussed the political and economic developments in Iraq, Erbil-Baghdad relations and the ongoing negotiations to resolve their differences. The two sides also exchanged views on Russia's bilateral relations […]
Prime Minister Mr. Mohammed S. Al-Sudani has received the delegation of Transparency International, in the presence of the Ambassadors of the European Union (EU) and Germany. During the meeting, they discussed the government's efforts in combating financial and administrative corruption, and the practical steps taken in this regard. The Prime Minister reaffirmed the government's determination […]
The Iraq-based e-commerce business Orisdi raised a $220,000 bridge round in January 2023 to reinforce the continuous growth of the business and the growing potential of e-commerce in Iraq. The round included new investors like 3B Starlight Investment, Ahmed Gorani, Naveed Pasha, Hassan Al Shawaf, Ali Jawad, Zaid Al Khatib, and others, and existing investors […]
By John Lee. Tetra Pak Arabia has reportedly signed a €10-million deal with Alssad Company for Food to expand its facility in Baghdad. According to Khaleej Times, the facility is planned to produce one billion packs per annum for dairy and beverage products. It is expected to be completed in 2024. (Source: Khaleej Times)
By Jonathan Fenton-Harvey for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. In Iraq, Macron seeks bigger sphere of influence for France In less than a month, French President Emmanuel Macron hosted both Iraqi Prime Minister Mohammed al-Sudani and Kurdistan Region […]
By Jessica Obeid for The Middle East Institute. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq needs renewables, but they won't solve its power problems without broader reforms Two decades on from the 2003 U.S. invasion of Iraq, efforts to improve the […]
