Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Despite criticism, Iraq's PM pursues expansion of public sector Iraqi Prime Minister Muhammad Shia' Al-Sudani has kicked off a major campaign to expand the country's social safety net. This comes only weeks after […]
By Martin Chulov and Nechirvan Mando, for The Guardian. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Treasure hunters circle in search of Islamic State's lost loot The ruins of Iraq and Syria are proving a treasure trove, with former foes vying to […]
By John Lee. Wide Knowledge Company Ltd. has won a new contract with the United Nations for the supply and delivery of IT equipment in Erbil and Mosul. The contract is valued at $52,819. (Source: UNGM)
Alsaree3 Group, consisting of Alsaree3 (food-delivery) and Al Zajel Express (last-mile delivery services), closed a 7-figure bridge round in December 2022, bringing its total amount of funding raised to over $6.5 million USD. Founder and CEO of Alsaree3 Group, Bassam Al-Ateia, commented: "This funding will enable us to increase our market share and grow our […]
By John Lee. The Iraqi Cabinet has approved the recommendations of the Ministerial Council, encouraging the use of electronic point-of-sale (POS) terminals. The use of electronic transactions has been shown to improve security, efficiency and convenience for retailers and customers. Specifically, the cabinet approved the following measures: The Central Bank of Iraq (CBI) simplifies the […]
By John Lee. Saudi-based Riyadh Cables Group has signed an export agreement worth $25 million with Iraq's Wafaa Al-Furat Company for Electrical Materials Trading. Under the agreement Riyadh Cables will start exporting wires and electrical cables from Saudi Arabia to Iraq during 2023. The company also owns the Al-Rowad Electrical Cables manufacturing facility in Baghdad. […]
By John Lee. Iraq's Deputy Prime Minister and Foreign Minister, Fuad Hussain, met with Swiss Foreign Minister, Ignace Cassis, on Tuesday, on the sidelines of the Davos conference. Minister Hussain emphasized that Iraq is playing a role in bringing the perspectives of some regional countries together, with the aim of creating a stable environment in […]
By John Lee. The Founder and Chairperson of Iraqi stockbroker Rabee Securities has said that he is optimistic for the year ahead in Iraq. Shwan Ibrahim Taha told TradeArabia: "I am optimistic about Iraq's outlook; we will witness a gradual increase in production to reach five million barrels by 2028. Any significant downside in oil […]
By John Lee. The General Manager of Japan's Somitomo in Iraq, Mr Miyaki, met with the Minister of Municipalities and Tourism of the Kurdistan Regional Government (KRG), Sasan Auni, to discuss expanding coordination and joint projects in the Kurdistan Region. The meeting follows a previous visit by the Minister and a delegation to Japan where […]
By John Lee. Exports from Turkiye (Turkey) to Iraq reportedly increased by 16.4 percent in 2022. According to data issued by the Turkish Exporters Association (TIM), Turkiye sold goods and services valued at $10.4 billion to Iraq during the year, up from $9.0 billion the year before. Meanwhile, Turkish projects in Iraq were valued at […]
In Iraq, a multidimensional development and climate crisis is brewing. Iraq's oil-dependent development model, weakening human and institutional capacity, and its deep social divides and inequalities are ingredients of a "perfect storm" centering on a development-climate-fragility nexus. Climate change threatens the social contract in Iraq, which has already been eroded by elite capture, widespread clientelism, […]
By John Lee. Iraqi passports have ranked second-last in an index of 109 passports. The Henley Passport Index is based on data from the International Air Transport Association (IATA) and shows Iraq in 108th place, just ahead of Afghanistan, and behind neighbours such as Syria and Iran. Japan topped the list, ahead of Singapore and […]
