Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
New partnership supports private sector development in Iraq's Kurdistan Region The United Nations Development Programme (UNDP) in Iraq and the Kurdistan Regional Government's Ministry of Planning (MoP) have today signed a new Memorandum of Understanding (MoU) that will boost the private sector by encouraging the growth of micro, small and medium enterprises (MSMEs). The MoU […]
From the Iraq Britain Business Council (IBBC): From 12th to 19th February 2022 Baroness Nicholson accompanied by IBBC Managing Director Christophe Michels visited Baghdad, Erbil and Dohuk. For their meetings they were joined on occasion by IBBC's Member Representative in Iraq, Mr Haider Al Shamaa, and by IBBC Executive Committee Member, Mr Sardar Al Bebany. […]
By John Lee. The Chairwoman of the National Investment Commission (NIC), Suha Daoud Najjar, has opened the Al-Kawthar Paper Factory in Karbala. The plant has a capacity of 250 tons of paper per day, which covers 17 percent of the Iraq's needs. It can also produce 150 tons per day of cartons, covering 15 percent […]
Among the fruits of the partnership between The Association of Municipalities and Towns of Slovenia and Basra governorate, is the Basra Business Incubator. The Basra Business Incubator was opened last December to help young people kick-start their projects and their future careers. The incubator -the first of its kind in the region- will serve as a […]
ABB named system integrator and automation solution provider INTECH Process Automation UAE as ABB Value Provider (AVP) for the UAE and Iraq. The AVP program ensures that the services customers receive from AVPs meet the high quality standards of ABB products both globally and locally. Huseyn Tarek, Regional President - MEA&CIS Management, INTECH, said: "We […]
By John Lee. The Office of the United States Trade Representative (USTR) has included Iraqi companies on its newly-released 2021 Review of Notorious Markets for Counterfeiting and Piracy (the Notorious Markets List). The Notorious Markets List highlights online and physical markets that reportedly engage in or facilitate substantial trademark counterfeiting or copyright piracy. "The global […]
The Government of Iraq has deposited its instrument of accession to the Patent Cooperation Treaty (PCT) with the Director General of the World Intellectual Property Organization (WIPO), making Iraq the 155th member of the PCT Union. The PCT will enter into force for Iraq on April 30, 2022. As from April 30, inventors in Iraq can file […]
By John Lee. Ain Al-Sayad Company for General Contracts Ltd has won a contract with the United Nations Office for Project Services (UNOPS) for the "Supply and Installation of Electric Signals Measuring Instruments for the Signals School in Iraq." The contract is valued at $965,350. (Source: UNGM)
By John Lee. At its regular meeting the Iraqi Cabinet approved the recommendation of the Ministry of Foreign Affairs to open consulates in the Iranian city of Isfahan; in Melbourne, Australia; and the Irish capital, Dublin. A Cabinet statement added that Iraq "reserves its right to open an Iraqi consulate general in the People's Republic […]
By John Lee. Shares in Swedish telecom company Ericsson closed down nearly 11 percent on Wednesday after the company admitted that some of its employees may have bribed members of the Islamic State group (IS, ISIL, ISIS, Daesh) in Iraq. In a lengthy statement to the markets, the company said: "The investigating team also identified […]
By John Lee. Russia's Shvabe Holding has transferred the first batches of infrared heaters and multi-functional inhalation anesthesia devices to distributors in Iraq. The equipment will be used at medical facilities in Baghdad. The Radiant Heat-BONO heater is used as the primary or additional source of heat for newborns during their resuscitation or super-intensive phototherapy […]
