Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. The National Data Center Department, in the General Secretariat of the Council of Ministers, announced the actual launch of the Ur portal, one year after the trial launch, with an updated version that contains a set of new features and can be accessed via the following link: https://ur.gov.iq The director of the […]
By John Lee. Iraq's first hydrogen production and compression unit has been opened at the Ministry of Oil's Oil Research and Development Centre. The unit, which is for research purposes, can produce hydrogen with a purity of 99.5 percent, and compress it to 150 bar. A statement from the Ministry said that this is sufficient […]
By John Lee. An official at the Russian Foreign Ministry has reportedly said that Russia is ready to supply Iraq with "isotope products", and to assist Baghdad in the field of non-energy nuclear technology. According to RIA Novosti, Alexander Kinshchak, the Ministry's Director for the Middle East and North Africa, added that Russia's Rosatom and […]
By John Lee. Iraq's Mass Group Holding has bought a power plant in Romania. 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 auction. Mass Global Energy Rom, a subsidiary […]
By John Lee. Iraq's General Company for the Pharmaceutical Industry and Medical Supplies has started erecting steel columns for its new factory in Samarra. The 3,000-square-meter plant will produce sterile products including ampoules, liquid vials, dental carbolates, sulfasporins and betyllactan derivatives. The project is implemented by Sarh Technology Company for General Trading, which has invested […]
By John Lee. Iran has reportedly closed its land borders to Iraq in response to the upsurge in violence in the country. According to AFP, Iranian flights to the country have also been halted. Meanwhile, Iran's Mehr News says that while passenger travel is suspended, people are being allowed to return to their home countries, […]
By John Lee. The Kurdistan Regional Government (KRG) has launched a digitised driving licence system. In a press release this week, KRG Prime Minister Barzani is seen renewing his own driving license using the new system. Prime Minister Barzani praised the Ministry of the Interior and the company in charge of implementing the new process, […]
By John Lee. A new report from the Arab Monetary Fund (AMF) forecasts a growth rate for Iraq of 5.5 percent this year, falling to 4.4 percent in 2023. The Seventeenth Edition of the 'Arab Economic Outlook Report' can be downloaded here (Arabic only). (Source: Arab Monetary Fund)
The World Bank's Enterprise Analysis Unit, in collaboration with colleagues from the Social Protection and Jobs team in the Middle East and North Africa (MENA) region, recently published the data from an Informal Sector Enterprise Survey conducted in Iraq, covering four major cities in the country: Baghdad, Basrah, Sulaymaniyah, and Najaf. These surveys are designed […]
By David Schenker, for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Biden's Indifference Has Given Iran the Upper Hand in Iraq In light of Tehran's concerted efforts to reverse last year's electoral setback, it has become […]
IBBC Executive Committee Member Mr Sardar Al-Bebany is honoured with an award by the Government of Japan On August 21st 2022 Mr Sardar Bebany, Chairman of Sardar Group, was awarded the Certificate of Commendation by the Japanese Ambassador to Iraq. The awarding ceremony took place in Erbil in the presence of senior businessmen, representatives of […]
By John Lee. Mustafa Ghaleb Mokhif, the Governor of the Central Bank of Iraq (CBI) has met with the Russian Ambassador to Iraq, Elbrus Kutrashev, to discuss the payments due to Russian companies operating in Iraq. In a statement after the meeting, both parties expressed the need to find appropriate solutions to this issue. Payments […]
