Archive | Iraq Industry & Trade News

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

UNOPS awards Contracts to Equip Health Centers in Anbar

By John Lee. Ardh Al-Mewada has won contracts with the United Nations Office for Project Services (UNOPS) for the provision the following for Primary Health Centers in Anbar: Lot 1 - Supply & Installation of Medical Equipment: Contract value $58,500 Lot 2 - Supply & Installation of Furniture: Contract value $68,870 Lot 3 - Supply […]

Finland gives additional $1.7m for Stabilization in Iraq

Finland Renews Commitment to Stabilization With New Contribution The United Nations Development Programme (UNDP) in Iraq welcomes an additional EUR 1.5 million (US$ 1.7 million) contribution from the Government of Finland to its flagship programme the Funding Facility for Stabilization (FFS). The critical support will bolster ongoing efforts to stabilize the five governorates liberated from […]

Iraqi Power Station Developer to provide Smart Meters

By John Lee. The Iraqi cabinet has required the developer of the Al-Khairat [Al-Khayrat] power station to also supply smart meters for use by domestic and industrial customers. According to a statement from the Cabinet, the investing company, which it says is Harlow International, will prepare between 100,000 and 150,000 smart meters, in addition to […]

Irish Company to Advise Iraq on Financial Info Management System

By John Lee. Iraq's Ministry of Finance has signed a contract with the Irish-based consultancy AARC Ltd to provide "advisory services regarding the preparation of functional and technical requirements and IFMIS [integrated financial management information systems] bid documents." According to a statement from the Ministry, the project has an implementation period of 17 months, and […]

Erbil and Iran sign MoU to Increase Trade

From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Erbil and West Azerbaijan provinces sign MoU to increase trade The governors of Erbil and Iran's Kurdish-majority West Azerbaijan provinces met on Tuesday and signed a memorandum of understanding (MoU) to increase trade movement […]

Iraq joins China's AIIB as a "New Prospective Member"

The Board of Governors of China's Asian Infrastructure Investment Bank (AIIB) has approved the application of Iraq to join the Bank. Iraq becomes AIIB's 51st regional member, bringing the Bank's approved membership to 105 in total. As a multilateral development bank with the mission of financing infrastructure for tomorrow, AIIB aims to support its members […]

Safwan Border Crossing Re-Opened

By John Lee. Iraq's General Customs Authority has announced the reopening of the Safwan/Abdali border crossing between Iraq and Kuwait. The crossing had previously been closed to help prevent the spread of COVID-19 (coronavirus). Designs were completed earlier this year for a redevelopment of the crossing. (Source: General Customs Authority)

Funding Opportunity for Iraqi Projects

Request for Statements of Interest: FY21 DRL Iraq Programs The U.S. Bureau of Democracy, Human Rights and Labor (DRL) has announced a Request for Statements of Interest (RSOI) outlining project concepts and capacity to manage programs in Iraq that will: strengthen effective governance; increase political participation and civic activism; promote fundamental freedoms; and support atrocity prevention, accountability, and […]

Jiyad: IEITI Annual Reports Continue, but Changes are Needed

By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. IEITI Annual Reports Continue but Changes in Form, Quality and Substance are Crucial and Needed Iraq Extractive Industry Transparency Initiative (IEITI) issued its 2018 annual report and, currently, is processing its combined […]

Iraqi Cabinet Approves Scatec Solar Projects

By John Lee. The Iraqi Cabinet has approved the Ministry of Electricity entering into a the contract for the construction of two solar energy projects in Karbala (300 megawatts) and Alexandria/Iskandariya (225 megawatts). The Ministry of Oil had previously announced the project in October, involving a consortium of companies led by the Norwegian Scatec, whose […]