Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. The President of the Jordanian Businessmen Association, Hamdi Tabbaa (pictured), has said that partnerships between Jordan and Iraq's business communities are crucial for a successful economic relationship between the two nations. He called for an action plan to outline both sides' priorities and track agreement outcomes. On February 8th, a joint committee […]
By John Lee. Iraq's National Investment Commission (NIC) has issued a directive to all companies building residential complexes in Iraq to follow the official dollar exchange rate set by the Central Bank of Iraq (CBI), specifically 1,470 dinars per dollar. Mrs. Hanan Jassim, the official spokesperson, states that this directive is in accordance with Cabinet […]
By John Lee. The Iraqi dinar has reportedly fallen to new lows on Thursday, as people take to the streets to protest at the fall in the value of the Iraqi currency, which is leading to higher costs for imported goods. Various reports say that one US dollar could buy as many as 1,750 dinars […]
By John Lee. Iraqi Kurdistan's largest fish production project has started in Dohuk, and is reported to be 65-percent complete. According to a statement from the Kurdistan Region Government (KRG), the project's goal is to support domestic needs as well as sending fish products to the rest of Iraq and to Gulf countries. In the […]
Prime Minister of Kurdistan Region Masrour Barzani on Thursday received UK Ambassador to Iraq Mark Bryson Richardson. Latest developments in the Kurdistan Region and the importance of the election's preparation process were among main topics of the discussions. Prime Minister Barzani highlighted the significance of the Kurdish parties' common stand to achieve Kurdistan's constitutional rights. […]
By John Lee. The reopening of Morocco's embassy in Baghdad will be a starting point for the partnership between the two countries, according to a statement from Iraq's Ministry of Foreign Affairs. Iraq's Deputy Prime Minister and Foreign Minister, Fuad Hussein, confirmed a new generation of diplomatic interaction between Iraq and Morocco, at a reception […]
By John Lee. On Friday, Iraqi Prime Minister Al-Sudani met with representatives of the French companies Thales, Dassault and Airbus. During the meetings, they discussed providing Iraq with specialized radars, Rafale combat aircraft, Falcon civil aircraft, and combat and specialized helicopters for the benefit of the Iraqi Air Force and Civil Aviation. These measures are […]
By John Lee. Transparency International has said that Iraq has maintained its ranking and score in the global Corruption Perceptions Index (CPI) for 2022. From a total of 180 countries, Iraq came in at number 157, the same position as last year. This result puts it on equal ranking with Honduras, Myanmar and Zimbabwe. Denmark […]
By John Lee. A new industrial zone is to be built in Duhok province. The project consists of five areas and covers an area of 300 dunams [30 hectares; 74 acres], at a cost of more than $ 62 million. Three of the five areas of the project have been completed which include, according to […]
New Iraqi brand Makers of Baghdad has been launched at Makers' premises in Baghdad. Makers (formerly IoT Maker) is an innovation hub that provides technical qualifications, and job acceleration programs for the youth to create job opportunities in the field of Information technology, and encourage them to develop their startups. The methods used vary from […]
By John Lee. ZainCash Iraq has announced a partnership with Western Union to enable international money transfers through the ZainCash mobile application. According to a press release, this allows customers in Iraq to easily and reliably send and receive money to more than 200 countries and territories. The app can be used by individuals, small […]
From the Al-Bayan Center for Planning and Studies. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Chinese ambassador writes for Al Bayan: Belt and Road Initiative and China-Iraq relations Cui Wei-ambassador of the Republic of China to Baghdad: In this past period since my […]
