Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. Protests have erupted in Iraq's impoverished south over a rise in food prices that officials attributed to the conflict in Ukraine. Click here to read the full story. (Source: Asharq Al-Awsat)
An opportunity has arisen to buy a security company in Iraq. Sama Al-Fiafi for Security Services CC.LL, a subsidiary of Fiafi Group, was incorporated in 2006, and is registered with Iraq's Ministry of Trade (Registration Number: 20-5302). The company is not currently trading, but was granted a Security Operations Licence (#52) by the Ministry of […]
By John Lee. Iraq will suspend customs duties on basic commodities such as foodstuffs, construction materials and essential consumables for a period of two months. In response to the increasing prices of various commodities, Iraq will also suspend the import ban on some goods, including foodstuffs, consumables, and medicines. The ban was in place to […]
By John Lee. The Iraqi Cabinet held its regular meeting on Tuesday under the chairmanship of Prime Minister Mustafa Al-Kadhimi. After discussions, the Cabinet instructed the Ministry of Finance to provide sufficient liquidity to provide loans to farmers to import sprinkler irrigation systems. The systems may be pivot or fixed types, and must be bought […]
By John Lee. Transparency International has said that Iraq's ranking has risen slightly in its global Corruption Perceptions Index (CPI) for 2021. From a total of 180 countries, Iraq came in at number 157; the previous year's position was 160th out of 180 countries. This result puts it on equal ranking with Honduras and Zimbabwe. […]
KRG Prime Minister Masrour Barzani on Sunday attended and supervised the Industrial Forum for Developing Market and Job Opportunities in Erbil. In his remarks to the Forum, Prime Minister Barzani noted that development in the Kurdistan Region was to the benefit of all of Iraq, and asked Iraqi politicians not to create obstacles to the […]
Kurdistan Region Economic Council discusses economic situation, rearranging income The Kurdistan Region Economic Council on Saturday held a meeting led by Prime Minister Masrour Barzani and attended by Deputy Prime Minister Qubad Talabani. In the meeting, the Council discussed a report from the committee previously formed by the Council and tasked with overseeing the process […]
By Robert Tollast and Mina Aldroubi, for The National. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq's multibillion-dollar wheat import bill: how war in Ukraine affects the wider world The war in Ukraine, one of the world's major wheat producing regions, has […]
Rabee Securities is hosting a 3-day event at the Iraq Pavilion at EXPO 2020 to showcase Iraq's top technology startups. From 7-9 March, presentations will be given by Iraq's most promising entrepreneurs and interested parties will have the opportunity to meet them one-on-one. The lineup of startups scheduled to attend include Miswag, Iraq's largest ecommerce platform as […]
The Takween Accelerator is looking for potential investors to attend our Investor Bootcamp Program. This program is designed to provide an investor training bootcamp to high potential individuals to increase their interest and skills in investing in tech startups within KRI and Iraq. The goal of this program is to increase the number of startup […]
By Layal Shakir, for Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraqi central bank suggests halting business, financial dealings with Russia The Central Bank of Iraq (CBI) on Wednesday suggested halting business operations and financial dealings with Russia following America's far-reaching sanctions […]
IoT-Kids, an Iraqi-based online programming learning platform for children, has successfully secured five-figure investment from the leading ISP provider in Iraq - Earthlink Telecommunications, through the Iraqi Angel Investors Network (IAIN) member, Dr. Ala'a Jasim [Alaa J Mousa]. This investment included a matching grant of 20,000 dollars from the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) […]
