Archive | Iraq Industry & Trade News

Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.

Iraq has 6 months Wheat Reserves

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 […]

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 […]

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 […]