Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
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. […]
By Guest Blogger: Your Comprehensive Guide to Business in Iraq: What's Happening Today? Business in Iraq has been growing steadily in recent years. From a standing start in 2003, the Iraqi economy has seen a remarkable transformation, with the private sector playing an increasingly important role in the country's overall economic development. Despite the ongoing […]
The Kurdistan Regional Government (KRG) has announced that the registration of the companies will be digitised, in order to reduce the cost of registration and to save time. According to a press release from the KRG, this facility is expected to increase number of companies registered in the Kurdistan Region. Blnd Mohammed, Director General of […]
By John Lee. The Iraqi Cabinet has agreed a package of measures aimed at propping up the value of the Iraqi dinar, following continued downward pressure on the currency relative to the dollar: All government agencies are required to sell all goods and services inside Iraq based on the Central Bank USD exchange rate of […]
From the United Nations Conference on Trade and Development (UNCTAD): The number of people registering businesses in Iraq through the country's online portal has steadily grown over the past year. In November 2022, over 275 companies were registered through business.mot.gov.iq - more than five times the number recorded during the first month after going live […]
By John Lee. The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) designated critical nodes of a key financial facilitation network of the Islamic State of Iraq and Syria (ISIS), which included four individuals and two entities in Türkiye, who have enabled the terrorist group's recruitment and financial transfers to and from […]
The Kurdistan Region is moving from the import stage to the export stage, and diplomatic relations will be used for this purpose. Currently, pomegranate exports to the Gulf countries continue and the opening of export routes of Kurdistan products to foreign markets is an important step in supporting domestic production. Jalil Salihi, the supervisor of […]
