Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. Anu for General Trading and Energy Solutions has won a contract with the United Nations Development Programme (UNDP) to "Supply and Install of Solar Energy Systems, Electric Pumps, and Sprinkler Irrigation Systems for Farmers in Basra and Maysan Governorates." Ref: 10530036/UNDP-IRQ-02007-2,1. Contract value is stated as $116,950.08. (Source: UNGM)
By John Lee. Gaith Al-Meshreq has won a contract with the United Nations Development Programme (UNDP) for "Supply of Operational Inputs and Start-up Technical Support for Al-Hartha Fish Hatchery and Marine Science Center Fish Hatchery, Basrah." Ref: 10529910/UNDP-IRQ-02055. Contract value is stated as $40,503.88. (Source: UNGM)
By John Lee. The International Monetary Fund (IMF) has revised its forecasts, considering the ongoing conflict in the Middle East. According to its latest World Economic Outlook, it forecasts a 6.8-percent contraction in Iraq's GDP this year due to regional conflict, oil export disruptions, and potential infrastructure damage. For 2027, it expects a dramatic recovery […]
By John Lee. More than half a tonne of imported gold has entered Iraq via Baghdad International Airport (BIAP) over the past two days, according to the Ministry of Planning. The shipments, comprising jewellery and bullion, totalled approximately 300 consignments. The Ministry stated that inspection and hallmarking procedures are being carried out continuously to facilitate […]
From the Iraq Britain Business Council (IBBC): Ambassador of the Republic of Iraq to the United Kingdom Meets UK Minister of State for Trade The Ambassador of the Republic of Iraq to the United Kingdom, Dr Salih Husain Ali Al-Tamimi, met with Sir Chris Bryant, Minister of State for Trade, at the Department for Business […]
By John Lee. The Iraqi State Company for Cement, part of the Ministry of Industry and Minerals, has reported strong production and sales performance for February, supported by stable operations across its plants. Total production exceeded 676,000 tonnes of various cement types during the month, while sales reached more than 664,000 tonnes, helping to meet […]
By John Lee. According to a statement today (Wednesday) from Iraq's Ministry of Trade, the reopening of the Strait of Hormuz has led to a gradual recovery in maritime traffic, although activity remains below normal levels amid continued geopolitical uncertainty. It says early signs of improvement have been observed in trade flows, particularly in energy […]
By John Lee. Iraq's General Company for Land Transportation (GCLT) has successfully completed a trial freight journey under the TIR system along a new corridor linking Turkey, Iraq, and Saudi Arabia. The route runs from the Ibrahim Al-Khalil border crossing to the Arar crossing, with the trial completed within the planned schedule and without reported […]
By John Lee. Iraq's National Investment Commission (NIC) has announced a new strategic vision aimed at delivering major projects to support Iraq's economy and sustainable development. The plan was presented during a meeting attended by members of parliament from the Reconstruction and Development bloc, where officials outlined a roadmap to advance investment activity and accelerate project […]
By John Lee. Twister for General Trading (sic) has won a contract with the United Nations Development Programme (UNDP) for "Supply and Installation of IT Equipment to UM Qasr [Umm Qasr], Basra Port Unit, Basra Governorate - Iraq for UNODC." Ref: 10525132. Contract value is stated as $40,072.58. (Source: UNGM)
By John Lee. The General Company for Iraqi Exhibitions and Commercial Services has emphasised that it is the sole authorised body responsible for granting approvals for exhibitions in Iraq, calling on organisers to coordinate in advance to ensure compliance. The company, which is part of the Ministry of Trade, warned that all exhibition organisers must comply […]
By John Lee. The Iraqi government has directed provincial authorities to monitor market prices and prevent hoarding, alongside approving a series of development, energy, and administrative measures. The decisions were taken during a meeting of the Higher Committee for Coordination between Provinces, chaired by Prime Minister Mohammed Shia Al-Sudani. The Prime Minister instructed governors to […]
