Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. Iraq's Judicial Development Institute (JDI) has organized a workshop for judges of first-instance courts on the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards. Judge Kadhim Abas Habib, vice-president of Federal Court of Cassation, lectured in the workshop. A judge from each appeal court and six judges from […]
Waste gas used to generate power in Garmian, Kurdistan A significant step taken by the ninth cabinet of the Kurdistan Region Government (KRG) was to reduce the impact of waste gas on the environment and produce electricity using this gas from oil wells. The Garmian waste-gas-to-power-plant project is a 165-MW facility of its kind in […]
By Ashish Kumar Sen for the United States Institute of Peace (USIP). Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Fighting Corruption Harder than Fighting ISIS, Says Iraq's Deputy Prime Minister Fuad Hussein lays out Iraqi government's priorities, says Iraq's interests dictate its […]
Combatting Transboundary Sand and Dust Storms in Southern Iraq and Kuwait UN-Habitat with partners has embarked on a new project on improving cities' resilience against the impact of sand and dust storms. The project kick-off was celebrated in form of a workshop with over 50 participants, co-hosted by the Governorate of Basra and the Kuwait […]
By John Lee. Datareportal has issued a report on digital trends and behaviours in Iraq. Among the key finding are: There were 33.72 million internet users in Iraq at the start of 2023, when internet penetration stood at 74.9 percent. Iraq was home to 25.53 million social media users in January 2023, equating to 56.7 […]
By John Lee. The Industrial Cities Authority, affiliated to the Ministry of Industry and Minerals, held a meeting with the South Korean company TRAC Development Group to discuss establishment of an industrial city in Habbaniyah. Both sides sought to enhance communication and exchange of experiences with countries that are capable of managing industrial cities. The […]
By John Lee. Iraq maintains its credit rating at -B/B with a stable outlook, and an emphasis on financial and economic stability, according to a report from Standard & Poor's. The Ministry of Finance says the new classification was a reflection of the policy of continuous economic and financial reforms pursued by the Ministry, in […]
KRG delegation meets with Iraqi Commission of Border Crossing Points A Kurdistan Region Government (KRG) delegation on Monday discussed ways of reorganizing tariffs with authorities from the Iraqi Commission of Border Crossing Points. The KRG delegation consisted of spokesman Dr. Jutiar Adel, advisor at the ministry of interior Dr. Sami Jalal, and deputy general manager […]
By John Lee. The Prime Minister of Iraq, Mohamed Shia Al-Sudani, has presided over the signing of a memorandum of understanding (MoU) with the American company General Electric (GE). The memorandum covers areas such as production, efficiency, transportation, maintenance, staff training, and reducing carbon emissions. It also includes long-term maintenance works for a period of […]
Building on the momentum created by the Gulf Cup, the Iraq Britain Business Council (IBBC) Managing Director, Christophe Michels visited Kuwait and Basrah to discuss the strengthening of business partnership between Kuwaiti and Basrawi businesses. Joined by IBBC Founder Member, Sara Akbar, meetings were held with the Kuwaiti Chamber of Commerce, the Iraqi Ambassador to […]
By John Lee. Mobile phone service Asiacell has reported an increase in customers and data traffic, but a drop EBITDA. In its financial results for the year ended 31 December 2022, parent company Ooredoo said: "Asiacell reported solid Revenue for the year 2022, reaching a total of QAR 3.7 billion. However, the EBITDA saw a […]
President Nechirvan Barzani welcomes new Japanese Ambassador President Nechirvan Barzani received the incoming Japanese Ambassador to Iraq, Mr. Futoshi Matsumoto, in Erbil on Wednesday. The meeting focused on the relations of Iraq and the Kurdistan Region with Japan, and ways to further strengthen bilateral ties. President Nechirvan Barzani congratulated Ambassador Futoshi on assuming the office […]
