Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
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 […]
By John Lee. Federal Government welcomes Germany's contribution to the sustainable development of Iraq's energy infrastructure The CEO of Siemens Energy AG, Dr. Christian Bruch, has signed a cooperation agreement with the Iraqi Minister of Electricity, Zayad Ali Alrzij [Ziyad Ali Fadel, Ziad Ali Fadhil Sudani], on the further electrification of Iraq. The agreement was […]
By John Lee. Prime Minister Muhammad Shia Al-Sudani has chaired a meeting to discuss the best use of lands surrounding Baghdad International Airport (BIAP). He ordered a ban on the granting or investment licenses and what was described as the "illegal disposal" of these lands, and stressed that any projects being implemented in this region […]
From OpenSignal: Asiacell users have the fastest experience in Iraq Asiacell remains unbeaten in the average speeds seen by our Iraqi users. The operator wins Download Speed Experience and Upload Speed Experience for the third consecutive time, meaning no other Iraqi operator has won either award since we began reporting on the Iraqi mobile network […]
One of the greatest obstacles facing many telecommunication companies across the world is their capacity and ability to combat gaming download speeds and latency. With the development of broadband and gaming occurring side by side, every company in this domain must do all they can to satisfy gamers internationally. With an expected mobile game user […]
In order to solve the problem of electricity shortage and increase the amount of electricity production, the Ministry of Electricity of the Kurdistan Regional Government (KRG) last year installed several new electricity generation units. According to the director of electricity generation of the Ministry of Electricity, two units with a capacity of 500 MW were […]
By John Lee. According to figures from the Kurdistan Regional Government (KRG), 6,168,000 tourists visited the Kurdistan Region in 2022, an increase of nearly 2 million on the 2021 figure of 4,189,569. The statistics of tourists by region in 2022 are as follows: Erbil province: 2,752,000 tourists; Sulaimani province: 2,545,156 tourists; Duhok province, 2,340,000 tourists. […]
