Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By Yerevan Saeed for the Arab Gulf States Institute in Washington (AGSIW). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq and Egypt Boost Diplomacy, but GCC Remains the Linchpin Increasing diplomatic engagements between Iraq and Egypt are helping to advance a more ambitious […]
By John Lee. The United Nations Assistance Mission for Iraq (UNAMI) has awarded a contract for the rental of fully serviced interim accommodation and office facilities for UNAMI in Basra. It was awared to Sumer For Real Investments Ltd (doing business as Basra International Hotel), and will run for three years, from 1st August 2023 […]
By John Lee. Fitch Ratings has placed Iraq's Sumer Commercial Bank PSC's (SCB) Long- and Short-Term Issuer Default Ratings (IDRs) of 'CCC+' and 'C', respectively, and Viability Rating (VR) of 'ccc+' on Rating Watch Negative (RWN). It says the recent ban that prohibits SCB from dealing in US dollars restricts the bank's capacity to repay […]
From Kurdistan24. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. KRG, UNDP, USAID discuss reforming Kurdistan Region tourism The Kurdistan Region Government (KRG) is discussing a reform program for the tourism sector along with a United Nations development agency and a United States aid […]
From the World Bank: Without Reforms, Iraq's Oil Boom Could Turn to Bust Iraq's economy continued its oil-driven recovery after the sharp pandemic-induced recession in 2020, but non-oil sectors have stagnated, and growth constraints have reemerged. Despite a record oil windfall and a long-awaited new budget, Iraq nevertheless remains at risk of missing the opportunity […]
By John Lee. The United Nations Office for Project Services (UNOPS) has awarded Dilnia Insurance a contract for comprehensive vehicle insurance for 6 UNOPS vehicles in Baghdad and Erbil. The contract value is $10,730. (Source: UNGM)
Poland reaffirms commitment to Iraq's stabilization with additional US$270,000 contribution Iraq's post-ISIL stabilization efforts will continue to make a difference in the lives of the most vulnerable, as the Government of Poland reaffirmed its commitment with an additional inject of funding in the amount of 1.1 million Polish zloty (approximately US$ 270,000) towards UNDP's Funding […]
By John Lee. The Iraqi Ministry of Health has invited interested parties to pre-qualify for the management and operation of six teaching hospitals: Al Sadeq Teaching Hospital 492 beds/ Babel Al Hasan Al Mujtaba Teaching Hospital 492 beds/ Karbala Al Najaf Teaching Hospital 492 beds/ Najaf Al Hakeem Teaching Hospital 492 beds / Maysan Al […]
UNIDO and Government of Japan Collaborate on Sustainable Development of the Food Industry by Building Iraqi Government Staff Capacity The United Nations Industrial Development Organization (UNIDO), in collaboration with the Ministry of Industry and Minerals, conducted the second training workshop on food safety and quality. This workshop was a significant component of the project "Emergency […]
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. Iran's oil sales are 'favorable' the country's oil minister said, adding that Iraq's gas debts to Iran will be collected in different ways. Javad Owji made the remarks while […]
By John Lee. Defaf Al Khaleej Security Services (DAK) has joined the Iraq Britain Business Council (IBBC). Mr Rafid Al Jasim, Chairman of Defaf Al Khaleej Security Services (DAK), expressed his enthusiasm about the partnership, stating: "We are truly delighted to become a part of the esteemed Iraq British Business Council (IBBC). We truly value […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Will Iraq succeed in quest to join World Trade Organization? Iraq's 19-year-long push to join the World Trade Organization (WTO) is gathering pace. Baghdad initially submitted a request to join the international trade body […]
