Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. Iraq's General Company for Food Products, which is owned by the Ministry of Industry and Minerals, has signing of a partnership contract with a local company called "Allied", to rehabilitate Abu Ghraib dairy factories and add new lines and products. The agreement aims to develop the yogurt industry in accordance with modern production, […]
From the Kurdistan Regional Goverment: According to the strategic program set by the Kurdistan Regional Government (KRG), by the end of 2025, all services in Kurdistan will be managed digitally and electronically and no paper will be used. The Prime Minister's vision for the issue of digitalization of government institutions and services has been made […]
By John Lee. The Iraqi government has approved the recommendation of the Ministerial Council for Energy (59 of 2022) to build a new 200-MW solar power plant in Karbala governorate. The decison was made at this week's cabinet meeting, chaired by Prime Minister Muhammad Shia Al-Sudani. In December 2021, the Cabinet approved a the contract […]
By Laure Al Khoury and Salam Faraj for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. In Iraq, graft helps push property prices out of reach Real estate in Iraq has become a popular way to launder money, including stolen public […]
By John Lee. Iraq's Ministry of Planning has announced new population data for Iraq. According to its Central Statistical Organization (CSO), Iraq's total estimated population of Iraq is now 42,248,883 -- an increase of 2.5 percent on the previous year. Males account for 50.5 percent, females 49.5 percent; Births during the past year were 1,310,894; […]
By John Lee. Prime Minister Muhammad Shia Al-Sudani has directed the suspension of official working hours on Thursday (5th January) due to "bad weather" in most of Iraq. According to Rudaw, heavy rains have affected many parts of the country this week. (Source: General Secretariat for the Council of Ministers, Rudaw)
Nawzad Sheikh Kamil, Director General of Trade at the Ministry of Trade and Industry, said that the KRG exports in 2022, compared to 2021, increased to 672.767 million dollars and imports increased to 15.403 billion dollars. "In 2022, the Ministry of Trade and Industry issued 5,204 import licenses and 168 export licenses for various agricultural […]
By John Lee. The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has deleted the following Iraq-related entities from its Specially Designated Nationals (SDN) list: MIDCO FINANCE S.A. (a.k.a. MIDCO FINANCIAL S.A.; a.k.a. MONTANA MANAGEMENT INC.), 57 Rue du Rhone, Geneva CH-1204, Switzerland; Panama; US FEIN CH-660-0-469-982-0 (United States); Switzerland [IRAQ2]. MIDCO […]
By Hassan Jivraj for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq's tech ecosystem offers bright spot for private sector Despite numerous regional and country-specific challenges, Iraqi start-ups had a good year. Click here to read the full article.
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraqi economic capital engulfed in trash, suffers from dilapidated electricity Georgian government plans to open an honorary consulate in Erbil in the near future to strengthen cultural and economic ties between Tbilisi and Erbil, […]
By John Lee. Iraq's Mass Group Holding has completed its purchase of a power plant in Romania on Tuesday (27th December). According to a statement from the administrator, Expert Insolventa SRL, the company has bought the Mintia thermal power plant (pictured) from Complexului Energetic Hunedoara SA for 91.2 million euro ($91 million) in a public […]
By John Lee. Prime Minister Muhammad Shia Al-Sudani has urged the Central Bank of Iraq (CBI) to sell foreign currency at official prices to citizens through purchasing with electronic cards, opening sales outlets for travelers, or clients outside Iraq, or financing foreign trade. The order came at a meeting with the Governor of the CBI, […]
