Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. The U.S. Ambassador to Iraq, Alina L. Romanowski, and members of the Embassy's Economic Section welcomed diplomats from 11 embassies and international organizations to the U.S. Embassy on Tuesday. The meeting intended to focus efforts on increasing trade and investment in Iraq. In a statement after the meeting, the U.S. Mission to […]
By John Lee. GE Gas Power has signed an agreement with Taurus Arm, owner of the 500 megawatts (MW) Bazyan [Bazian] Power Plant, to provide parts, repairs, and services for two 9F.04 gas turbines at the facility for a period of 16 years. The turbines were supplied by GE to Taurus Arm in 2021 under […]
By John Lee. The Information and Communications Technology Association of Jordan (Int@j) has reportedly signed a memorandum of understanding with Jordan's Iraqi Business Council (IBC), to strengthen cooperation between the two sides and support efforts to find new markets for their member companies. According to the state-run Petra News Agency, the two sides will seek […]
By John Lee. Iraq's Minister of Planning, Dr. Khaled Battal Al-Najm, received the new Special Representative of the World Bank in Iraq, Mr. Richard Abdelnour and his accompanying delegation, on Sunday. During the meeting, they discussed aspects of joint cooperation between the two sides in various economic and development issues, especially with regard to the […]
By John Lee. The Kurdistan Regional Government (KRG) has announced a new tendering process for medicines. According to a statement from the KRG, the new system will stabilise the price of 230 different medications. KRG Prime Minister Masrour Barzani commented: "Through transparent contracts, we will provide our citizens with better quality medicine at a lower […]
The Iraq Britain Business Council (IBBC) has announced the appointment of Mr Monjed Salha to the role of General Manager. In this role he will lead the operations of IBBC and take responsibility for IBBC Membership development and Membership Value. IBBC is under going strategic development, to remain continuously relevant to its members and to […]
Iraq's Minister of Foreign Affairs, Mr Fuad Hussein, has received a copy of the credentials of Ms Jessica Svärdström, Sweden's new ambassador to Iraq. During the meeting, they discussed the bilateral relations between Baghdad and Stockholm, and ways to enhance them to realise the interests of the two friendly peoples. The Minister wished the ambassador […]
By Shelly Kittleson for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Drugs, militias form explosive mix on Iraq-Iran border Officers and judges who dare to go up against those controlling the drug trade along Iraq's southeastern border with Iran continue […]
By Hannan Hussain, for the Carnegie Endowment for International Peace. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Economic Costs of Iraq's Intra-Shia Power Struggle The economic consequences of political deadlock serve neither the interests of rival political blocs nor the Iraqi public. […]
By John Lee. The Australian government has reportedly said it holds "serious concerns" for the welfare of Australian engineer Robert Pether. Pether and his Egyptian colleague Khalid Radwan have been detained since April 2021. They have been sentenced to five years in prison and jointly fined $12 million on charges of fraud. Their families claim […]
By John Lee. Jordan's Talal Abu-Ghazaleh for Technology (TAGTech), a member of Talal Abu-Ghazaleh Global (TAG.Global), has signed an agreement with the Iraqi Al Hassnawi Company to build a new factory for TAGTech's technological products in Iraq. The agreement was signed by Mr. Ala Zarour, TAGTech technical executive director, and Mr. Adil Okab, Al Hassnawi […]
By John Lee. The United Nations Assistance Mission for Iraq (UNAMI) has awarded a contract for "Provision of Skilled and Unskilled Labour for Passenger and Cargo Movements at the UNAMI Forward Support Base (FSB) Air Terminal Baghdad". It was awared to Belad Alrafadain Alhadetha Co. for General Trading Services, Catering and Cleaning Services Ltd. The […]
