Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
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 […]
By John Lee. The Prime Minister of Iraq, Mohammed S. Al-Sudani, met with the Japanese Ambassador to Iraq, Futoshi Matsumoto, along with the CEO of Toyota Iraq, Yutaka Ezaki, and the Representative of Sumitomo Corporation, Hajime Mori. They discussed ways to enhance bilateral relations between the two countries in all economic and developmental fields, with […]
By John Lee. The Iraqi Jordanian Company for Industry, a joint venture set up by the Jordanian and Iraqi governments, has invited local and international companies to view the tender documents related to the development of the joint "Economic City" project (i.e. Free Zone) between Jordan and Iraq. The new zone will be built on […]
Reimagining a way forward: Iraq's economy and energy sector in the post-invasion era The Atlantic Council's Iraq Initiative invites you to a hybrid panel discussion on Monday, April 24, 2023, from 3:00 - 4:30 pm ET featuring distinguished speakers and experts examining the state of Iraq's economy and energy sector over the past two decades […]
By John Lee. Saudi Arabia's Minister of Energy, Prince Abdulaziz bin Salman bin Abdulaziz Al Saud, held a meeting in Riyadh with Iraqi Minister of Electricity, Engineer Ziad Ali Fadel. During the meeting, they discussed the developments in the electrical interconnection project between the two countries. This project will contribute to supporting the reliability of […]
