Archive | Iraq Industry & Trade News

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

KBR settles Iraq Fraud Lawsuit for $14m

By John Lee. US-based engineering company Kellogg Brown & Root (KBR) has agreed to a settlement of nearly $14 million to resolve allegations of fraud relating to its activities in Iraq. According to a statement from the US Department of Justice, the claims resolved by the settlement are allegations only and there has been no […]

Etihad Law joins Iraq Britain Business Council (IBBC)

By John Lee. The Iraq Britain Business Council (IBBC) has announced that Baghdad-based Etihad Law has joined the organisation as a new member. Etihad provides legal services to individuals and corporations, and provides financial services supporting small- and medium-sized projects. The firm was founded by Ahmed Al Hankawi and AbdulHadi Al Shimary. (Source: IBBC)

Saudi approves MoU to supply Electricity to Iraq

By John Lee. Saudi Arabia has approved a memorandum of understanding (MoU) with Iraq, under which Saudi Arabia would provide electricity to Iraq. The agreement was approved at meeting of the Saudi cabinet (pictured) on Tuesday, chaired by King Salman bin Abdulaziz Al Saud. According to the state-controlled Iraqi News Agency (INA), the routes of […]

Kurdish Women Entrepreneurs overcome barriers to Succeed

From Al Jazeera. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq's Kurdish female entrepreneurs overcome barriers to succeed Businesswomen say Iraq's Kurdistan Regional Government needs to work harder to create the conditions for entrepreneurs. Click here to read the full article.

Iraq to hold National Census next year

By John Lee. The Iraqi government has decided hold an "electronic national population census" in the last quarter of next year. The decision was taken at a meeting of the country's Higher Population Council, which was chaired by Prime Minister Mustafa al-Kadhimi. (Source: Govt of Iraq)

Online Auction of furniture from US Embassy Baghdad

U.S. Embassy Baghdad announces an online auction from June 26 to July 03, 2022. This is a routine auction to dispose of excess used property; U.S. Embassies all around the world routinely hold these types of auctions to dispose property that is no longer needed by the U.S. Government.  The auction will be open to […]

ITC launches Partnerships with Agri-Food firms in Iraq

ITC launches partnerships with major agri-food companies in Iraq New partnerships to connect Iraqi agri-food companies with local producers have now been launched in the country with support from the European Union. The Strengthening the Agriculture and Agri-food Value Chain and Improving Trade Policy (SAAVI) project signed partnership agreements with major enterprises in the agri-business […]

8.8% Growth Expected in Iraq this year

By John Lee. GDP growth is forecast to hit 8.8 percent this year, according to the World Bank's latest Global Economic Prospects report. This represents a small reduction on the previous forecast of 8.9 percent, issued in April. Growth projections for the following two years remain unchanged, at 4.5 percent in 2023 and 3.0 percent in 2024. […]