By John Lee. Iraqi Minister of Trade Atheer Dawood Al-Ghareeri announced in a press statement the attainment of self-sufficiency and the establishment of a strategic wheat reserve sufficient for the next six months, along with preparations to welcome a promising agricultural marketing season. Al-Ghareeri stated, "The Ministry of Trade's warehouses are filled with over two […]
Archive | Iraq Industry & Trade News
Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
IAEA to Support Iraq's Nuclear Science Ambitions
By John Lee. The International Atomic Energy Agency (IAEA) has said it is increasing its cooperation and collaboration with Iraq on nuclear science and technology. As part of its Rays of Hope programme, it said it will give more support, equipment, training and capacity building to Iraqis to improve cancer outcomes. Full statement from IAEA: […]
"Urgent Need" for New Hotels in Baghdad - PM
By John Lee. Prime Minister Mohammed Shia Al-Sudani has conducted a field visit to the Rixos and Mövenpick hotel projects, both under construction in the heart of Baghdad. He received a detailed presentation on the progress of the execution of both projects and inspected the stages of completion. Al-Sudani emphasized the urgent need for large […]
US Extends Waiver allowing Iraq to pay Iran for Electricity
By John Lee. At a press briefing on Thursday, US State Department spokesperson Matthew Miller (pictured) said the United States has issued another 120-day waiver to allow Iraq to continue importing electricity from Iran. Addressing a question from the floor, Miller said: "... these are waivers that have been regularly issued to Iraq going back […]
Launch of Iraqi Climate Change Advisory Group
Mr. Nizar Amidi, Minister of Environment, and Mr. Ghulam Mohammad Isaczai, the Deputy Special Representative of the Secretary-General of the United Nation, Resident Coordinator, and Humanitarian Coordinator in Iraq (DSRSG/RC/HC), have launched the Iraq Environment and Climate Change Policy Advisory Group in Baghdad. The Group will serve as an informal platform to foster policy dialogue, […]
Iraq's Development Road: Geopolitics, Rentierism, and Border Connectivity
By Harith Hasan, for Carnegie Middle East Center. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq's Development Road: Geopolitics, Rentierism, and Border Connectivity Iraq's Development Road project aims to create an Iraqi transborder transportation network connecting the Persian Gulf with Türkiye. This […]
Central Bank discusses Increasing the Value of the Iraqi Dinar
By John Lee. On Thursday, Iraq's Finance Committee, chaired by Atwan Al-Atwani, convened with its members and the Governor of the Central Bank of Iraq (CBI), Ali Al-Alaq, to discuss monetary policy, the banking system, and methods to increase the value of the Iraqi dinar. Al-Atwani stressed the importance of monitoring the economic file and […]
Power China to build Desalination Plant in Basra
By John Lee. Following the recent visit of the Prime Minister to Basra, the Iraqi Cabinet has decided to authorise the Basra Governor to negotiate and sign the framework agreement with the coalition of companies executing the desalination project in the province. According to a statement from the Media Office of the Prime Minister, this […]
New Steel Rolling Mill Opens in Basra
By John Lee. Iraq's General Company for Iron and Steel has opened a news steel rolling mill in Basra province. The plant, rehabilitated following a 21-year hiatus, specialises in producing reinforced steel with diameters ranging from 8mm to 32mm, and has a capacity of 500,000 tons annually. The Ministry of Industry said the new facility […]
Iraqi Govt Reduces Import Duties on Livestock
By John Lee. Iraq's Ministerial Economic Council has reduced customs duties on live animals, including calves, sheep, and cattle, imported for slaughter or breeding purposes. The duties will be reduced to 2 percent for imported calves, sheep, and cattle intended for slaughter, and to 5 percent for those imported for breeding purposes. This decision will […]
Iraq Approves Revival of Sulphur Production Lines
By John Lee. Iraq's High Committee for Reconstruction and Investment has decided to refer the project for rehabilitating the sulphur [sulfur] production line at Al-Mishraq to Rafidain Iraq General Trading and Contracting Company. This project is expected to achieve a production capacity of 1.5 million tons of refined sulfur annually, which is a crucial material […]
Iraq Advances Agri Sector with New Fertiliser Facilities
By John Lee. Prime Minister Mohammed Shia al-Sudani has opened two major new fertiliser production facilities in Basra. The phosphates (DAP) plant was developed by AAA Holding Group, led by CEO Dr. Amet Selman. With a capacity of 500,000 tonnes per year, this extension marks a critical step towards enhancing the support for the Iraqi […]