Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
From 51 Labs: It is our utmost pleasure to see entrepreneurs thrive! With the generous support of USAID, we concluded the 2022 Incubator for Creators program with a Startup Demo Day event. At the end of the event, three of the participating startups won seed funding prizes totaling $30,000 that would help them push their […]
By John Lee. Iran has reduced its gas supply to Iraq by 5 million cubic meters per day, causing a reduction in electricity production, according to a statement on Wednesday from Iraq's Ministry of Electricity. The Iranian government had demanded payment of debts relating to gas supply, which AFP says totals $1.6 billion and dates […]
The United Nations Country Team (UNCT) in Iraq released its annual report for the year 2021, contributing to Iraq achieving its own development goals, to build back better and to leave no one behind. The report highlights UN serving more than 4.2 million beneficiaries, including displacement affected populations, increasing access to services in priority sectors […]
By John Lee. Hyatt Hotels Corporation has opened its Hyatt Regency Erbil Residences in Iraq. Located next to the World Trade Center, in Erbil's Gulan Park development, the project offers long-term accommodation in 93 serviced apartments. The adjoining 204-room hotel, Hyatt Regency Erbil, is expected to open in 2026. (Source: Hyatt)
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Deep Dive: Iraq expands criminalization of normalization with Israel Iraq's parliament has voted to criminalize any form of normalization with Israel, threatening the worst offenders with life imprisonment or the death penalty. The […]
The Iraq Britain Business Council (IBBC) hosted the largest attendance for their Spring conference at the Mansion house on 24th May, with just under 300 attendees, half of whom came from Iraq. Widely considered a success, the overall theme was 'sustaining economic growth in Iraq', There were multiple panels and roundtable sessions; including four panels […]
By John Lee. The Iraqi Minister of Finance has said that Central Bank of Iraq (CBI) reserves are expected to exceed $90 billion by the end of 2022, a new record for the country. Addressing the Iraqi Cabinet, Ali Allawi (pictured) said that "the recovery in oil prices and prudent financial management helped boost reserves […]
By Padraig O'Hannelly. The Iraq Britain Business Council (IBBC) has awarded this year's Rasmi Al Jabri Annual Award for Excellence to Sardar Group. At the IBBC's Spring Conference in London's Mansion House, which was attended by nearly 300 delegates, Baroness Nicholson presented the 'Infinity Medallion' to group Chairman and CEO, Mr Sardar al Bebany. Based […]
By John Lee. The Kurdistan Regional Government (KRG) has streamlined the registration of companies in Iraqi Kurdistan. Balend Mohammed, Director General of the Registry of Companies, said that while it previously took many months to register business names, it must now be completed within 24 hours, or else "the relevant parties will be prosecuted." He […]
The Station Partners With The Largest Accelerator of Pre-seed Start-ups in The World (FI) The Station Foundation for Entrepreneurship and Founder Institute, the world's largest accelerator of pre-seed start-ups, have announced a partnership that will provide access to international experts and participation in one of the world's most well-known business accelerators for start-ups from The Station […]
From the Iraq Britain Business Council (IBBC): In its series of papers in support of the Government of Iraq's reform efforts, IBBC is delighted to publish a paper on the privatisation of State-Owned Enterprises. The lead author of the paper is Professor Frank R. Gunter from Lehigh University, who was joined by other Members of […]
By John Lee. Iraq is planning to build a 750-MW solar energy project in Al-Muthanna. On a visit to the province, Electricity Minister Adel Karim said the project would be supported by "several secondary stations", to help meet the need for electricity. The announcement follows major contracts over the past year with companies such as […]
