Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. South Korea's Hanwha Engineering & Construction has reportedly abandoned construction at the giant Bismayah New City housing project near Baghdad. According to Korea Economic Daily, the decision was made having failed to receive payments for years from the Iraqi government. It says the company expects losses of up to $581 million if […]
By John Lee. Iran has said it will increase supplies of gas to Iraq. At a meeting in Isfahan with senior officials of the Iraqi Ministry of Electricity, the Director of the National Iranian Gas Company (NIGC), Mohammad Reza Joulaei, confirmed the increase, adding, "our relationship with Iraq is a strategic relationship." He said that […]
By John Lee. German car rental company SIXT has commenced operations in Iraq. The new facility in Erbil marks the start of a franchise partnership with Muhanad Rental Cars, a Muhanad Group company. According to a statement from the company, this is the first step in an expansion plan that includes SIXT stations at international […]
By John Lee. Iraqi Prime Minister Mustafa Al-Kadhimi and the Prime Minister of Jordan, Bisher Al-Khasawneh, have laid the foundation stone for the Iraqi-Jordanian electricity interconnector. Al-Kadhimi said the project will help secure the exchange of energy between the two countries, and reflects the policy of openness and cooperation adopted by this government. On the […]
By John Lee. A new startup has reportedly announced a new product that digitises real estate maps. According to a report from Iraq Tech, Optionline's Naxsha is cloud-based real-estate software that "offers agencies a customisable platform to build and use data to improve their sales strategy." The app currently only contains maps of Erbil city, […]
By John Lee. Pakistan and Iraq have reportedly agreed to start a ferry service between Basra and Karachi to facilitate Pakistani pilgrims visiting Iraq. According to The Nation, the agreement was reached during a meeting between Interior Minister Rana Sanaullah and Iraqi Ambassador Hamid Abbas Lafta. Minister Sanaullah thanked the Iraqi government for issuing visas […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraqi Kurdistan to launch SEZs for imports substitution Minister Muhammad Shukri discusses the Kurdistan Regional Government's (KRG) plans to set up 16 zones for life beyond oil. The full article can be viewed […]
[Amended 29th Sept 2022 at 15:50 BST to include comment from G4S] Security arrangements at Baghdad International Airport (BIAP) have been called into question, as a new firm takes over the contract to secure the airport. A source close to the matter told Iraq Business News that G4S, which has been managing security at the […]
Advertising Feature Night Bird Construction (NBC) is a fast paced and highly organized Iraqi construction company created through the excellence of its team. NBC's Senior Construction Managers, Engineers and team of highly skilled industry professionals have achieved great success in construction projects across the globe; especially in IRAQ! Some Examples of Prime Construction Projects Completed […]
By Robert F. Worth for The Atlantic. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. The Most Stinging Resignation Letter Ever Written When Iraq's finance minister stepped down last month, he didn't go quietly. Click here to read the full article.
Transportation Sector in Iraq: Roads and Railways Transportation and mobility are pathways to urbanization, as addressing mobility challenges are key to accessing healthcare, education, and services, as well as promoting trade and commerce. The road network and the railway system in Iraq have been in existence since the rule of the Ottoman Empire during the […]
By John Lee. The Central Bank of Iraq (CBI) has called on licensed banks to facilitate those wishing to obtain loans from the Renewable Energy Initiative. It said that borrowers have a right to choose the lending bank without the need to transfer their salary to that bank. (Source: CBI)
