Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
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 […]
By John Lee. As part of reform efforts by the Kurdistan Regional Government's ninth cabinet to improve the delivery of public services and foster economic development in the Kurdistan Region, Prime Minister Masrour Barzani (pictured) has announced the government will allocate 736.7 billion dinars [$505 million] for the years 2022 and 2023 in cash and […]
The Kurdistan Regional Government's Ninth Cabinet has implemented several projects and authorized numerous others since assuming office on July 27, 2019. In the past three years, the Cabinet has authorized the implementation of 206 investment projects with a total budget of $11,629,355,000 in different areas of the Kurdistan Region. Crucially, of those 206 projects, 202 […]
By John Lee. The Iraqi Cabinet held its weekly meeting on Tuesday under the chairmanship of Prime Minister Mustafa Al-Kadhimi. Among the items agreed was a decision to approve a recommendation from the Ministry of Foreign Affairs to open an embassy in the Irish capital Dublin, instead of a general consulate. A decision to open […]
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 Home to Iraq's richest oil wells, Basra should have wealth and development to rival the Emirates. Instead, the southern province is one of Iraq's […]
By John Lee. Iraq has been named the fifth-most vulnerable country to climate breakdown, affected by soaring temperatures, insufficient and diminishing rainfall, intensified droughts and water scarcity, frequent sand and dust storms, and flooding. Compounding this, water policies in neighbouing countries have shrunk vital water sources, while rapid population growth, urbanization, and inefficient water use […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. What the Russia-Ukraine war means for Iraqi Kurdistan Russia's invasion of Ukraine has had wide-ranging economic, political, and social consequences around the world, including in Iraqi Kurdistan. Food and fuel prices have increased […]
By John Lee. Trade between Iraq and Bangladesh has increases four-fold in the past two years, according to a statement from the Bangladeshi Ministry of Foreign Affairs. Meanwhile, The Business Standard reports that about 80 percent of the dates in the Bangladeshi market come from Iraq, which has increased to about $26 million in the […]
Chinese electrical appliance manufacturer Midea Group has appointed Al Hafidh as its distributor in Iraq. According to a press release, Al Hafidh is one of the biggest Iraqi-owned conglomerates, while Al Hafidth Home Appliances is widely recognized for its uncompromising commitment to quality and excellence and for being a customer-centric business organization. Distribution is scheduled […]
By John Lee. Saudi Arabia-based Jazeera Paints has opened its sixth showroom in Iraq. The new showroom is in Ranya [Rania], in the Northeast of the Kurdistan Region, which has seen significant economic and industrial development in recent years. It is close to other towns such as Qaladze, Dukan, Chwar Qwrna, Sangasar, and Hajiawa, and […]
Effective measures are needed to ensure adequate Occupational Safety and Health for workers during extreme heat in Iraq With temperatures in Iraq soaring up to 50 degrees Celsius [122 degrees Fahrenheit] in recent weeks, the ILO in Iraq is calling on its tripartite partners - the government, employers' and workers' organizations - to ensure that […]
By John Lee. Baghdad-based ed-tech platform Eduba has reportedly launched its ''Super App'' - the first EdTech super app in Iraq and MENA that offers multiple services. According to a report from Iraqi Innovators, the app has four components in their all-in-one learning management system, which includes interactive learning content, ride hailing, and payments. It […]
