Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
From Kurdistan24. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Nearly 6,000 new companies established by KRG's Ninth Cabinet Dara Jalil Khayat (pictured), the President of the Erbil Chamber of Commerce and Industry, has said that a new industrial zone is being built in […]
From Tasnim, under Creative Commons licence. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iran Ready to Meet Iraq's Pharmaceutical, Medical Requirements: Mokhber Iran's first vice president has expressed the country's readiness to provide Iraq with medical products, saying that joint cooperation between the […]
By John Lee. A senior UN official has said that support for the country's efforts to reintegrate displaced people is critical to preventing extremism and boosting recovery. Asako Okai, United Nations Development Programme (UNDP) Assistant Secretary-General and Crisis Bureau Director, added that, "UNDP is unwaveringly committed to supporting Iraq." Full statement from UNDP: One million […]
By John Lee. Qatar's Ambassador to Iraq, Khalid bin Hamad Al-Saliti, met with the former President of the Kurdistan Region of Iraq, Massoud Barzani, in Salahaddin on Wednesday. The discussion revolved around the significance of the relations between Qatar, Iraq, and the Kurdistan Region. During the meeting, the Qatari Ambassador expressed his country's intention to […]
By John Lee. Iraq's Minister of Trade, Atheer Al-Ghurairy, has said Iraq has a 'strategic stockpile' of wheat totaling 5 million tons. He is quoted by state-run Iraqi News Agency (INA) as saying that this is sufficient to meet the country's needs for more than a year, and is in addition to the four months […]
By John Lee. Egyptian billionaire Naguib Sawiris has met with Iraqi Prime Minister, Mohammed Shia Al-Sudani, to discuss a major project in Baghdad. No details of the project were given, but Sawiris, the Chairman of Egypt's Orascom Investment Holding company, had also met earlier this year with the Chairman of Iraq's National Investment Commission (NIC) […]
By John Lee. Sama Samawa Industries has announced plans to build a cement factory in Muthanna Governorate, southern Iraq. According to Shafaq News Agency, the factory aims to produce various types of cement, with a daily production capacity of 7,000 tons and an annual output of two million tons. Sinoma International Engineering, a Chinese company […]
By John Lee. In an effort to address the electricity crisis and overcome financing and sanctions-related challenges, Iraq and Iran signed an agreement on Tuesday in Baghdad, involving the exchange of Iranian-imported gas for Iraqi oil. Representing the Iraqi side, Mr. Ihsan Yaseen Al-Awadi, Chief of Staff to the Prime Minister, signed the agreement, while […]
By Irina Slav for the OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq Inks Long-Awaited $27 Billion Energy Deal With TotalEnergies The government of Iraq and TotalEnergies have signed a long-awaited deal worth $27 billion that should see Iraq's oil production grow […]
By Lubomir Tassev for Bitcoin.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iran Looking to Replace Dollar With Dinar in $10 Billion Trade With Iraq Iran's government considers employing the Iraqi dinar in bilateral trade with Iraq in a bid to further curtail […]
By John Lee. The Iraqi Ministry of Oil has signed four contracts, reportedly worth a total of $27 billion, with the French company TotalEnergies. The contracts cover a range of projects, including the development of the Ratawi [sometimes called Artawi] oil field, the construction of a 1GW solar power plant, and the transportation of seawater […]
By Farhad Alaaldin, Advisor of foreign relations to the Prime Minister of Iraq, for Asharq al-Awsat. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Building a Strong, Capable Iraq Will Shape Its Foreign Policy Partnerships, common interests, and economic cooperation is key for […]
