Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. US-based Duck Donuts has said it has signed a franchise agreement for 10 shops in Iraq. Eric Lavinder, Duck Donuts chief development officer, said: "We welcome our newest franchise partners to the system and look forward to supporting them throughout their journey as a small business owner." The company did not disclose […]
By John Lee. Norwegian company Scatec has reportedly decided not to proceed with its solar projects in Iraq. The firm, whose main shareholder is Equinor (formerly Statoil), told MEES that it has decided to focus on "carefully selected markets", and not to proceed with the projects in Iraq. In October 2021, Iraq's Ministry of Oil […]
By Bassam Yousif and Omar El-Joumayle, for the Economic Research Forum (ERF). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Reconsidering Expenditure Priorities in Iraq: A Targeted Basic Income While Iraq has experienced greater political inclusion over the last two decades, economic inclusion remains […]
By Al Monitor staff. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Severe floods in Iraq leave several dead, adding to climate strains Iraq is contending with both heavy rains and increasing desertification. Click here to read the full article.
Government of Iraq and UNDP sign Memorandum of Understanding to boost the fight against corruption The Government of Iraq, represented by the Prime Minister's Office, and the United Nations Development Programme (UNDP) have reaffirmed their partnership and commitment to preventing and combating corruption in Iraq by signing a Memorandum of Understanding (MoU) designed to promote […]
By John Lee. The Governor of the Central Bank of Iraq (CBI), Ali Mohsen Ismail Al-Alaq, has met with a delegation from Iron Point Iconiq (IPI Partners), one of the largest data center owners in the world. Operating in 26 markets across the United States, Europe, and Asia, the company owns data centers serving the […]
Iraq to Pay Debts to Iran within 3-5 Months: Official The Chairman of the Iran-Iraq Joint Chamber of Commerce said the debt Iraq owes to Iran for import of energy will be paid within the next three to five months. "We have found several solutions to receive our debt from the Central Bank of Iraq, […]
By John Lee. The World Bank has said it predicts real GDP growth for Iraq of 2.8 percent this year and 4.4 percent in 2024, following an estimated growth of 7.9 percent in 2022. Iraq's growth is expected to lead the group of 'developing oil exporters' this year, partly sustained by growth in non-oil GDP […]
By Jessica Bahr for SBS News. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Robert was jailed in Iraq two years ago. His Australian family say they're at 'breaking point' Friday marked two years since Australian engineer Robert Pether was arbitrarily detained in Iraq, […]
By Michael Knights, Hamdi Malik and Crispin Smith, 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. The Muhandis Company: Iraq's Khatam al-Anbia Similar to Iran's Revolutionary Guards, Iraqi "resistance" groups have long sought a company with […]
By John Lee. Iraq's General Company for Electric Power Production has signed a contract with the Chinese company Shanghai Electric for the construction of a combined-cycle power plant for the Mansouriya gas power station. According to the Ministry of Electricity, the deal is part of the Sino-Iraqi framework agreement and will be implemented on a […]
By Sajad Jiyad, for the London School of Economics (LSE) Middle East Centre. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. The Mechanisms of Corruption in Iraq While it is well known that Iraq is entrenched in corruption and that the political elite are […]
