Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. 60 Minutes Australia has broadcast what it describes as a desperate plea from a close friend of engineer Robert Pether. Australian citizen Robert Pether and his Egyptian colleague Khalid Radwan, who have been detained in Iraq since early April, have reportedly been found guilty of fraud, and sentenced to five years in […]
By John Lee. Iraq and Saudi Arabia are reportedly about to sign energy deals worth tens of billions of dollars. The state-run Al-Sabaah newspaper quotes Oil Minister Ihsan Abdul Jabbar (pictured) as saying that Iraq is negotiating with oil giant Saudi Aramco to enter as a partner in contracts for gas exploration in the Western […]
Plans for a new Iraq venture fund have been announced by some of the Iraq ecosystem's pioneers, Omar Al-Handal (The Station), Bassam Falah (Innovest ME, Ruwwad Al Iraq), and Mohammed Khudairi (Iraq Tech Ventures), who will serve as the fund's General Partners. The partnership is called Iraq Venture Partners (IVP), and it plans to invest […]
AUIS Entrepreneurship and Innovation Center announces call for Applications for AUIS Innovation Awards The AUIS Entrepreneurship and Innovation Center (AEIC) at the American University of Iraq, Sulaimani (AUIS) announced on Monday the AUIS Innovation Awards (AIA), which will highlight innovation excellence in institutions in Iraq and the Kurdistan Region and put a spotlight on innovative […]
Writing in the Financial Times, Iraqi President Barham Salih argues that addressing climate change represents an opportunity for Iraq and the region to introduce measures that will leave them on a more solid foundation as they face the challenges of the decades to come. Click here to read the full article (subscription required) (Picture: Tigris […]
UNICEF calls for urgent action to address water scarcity and its impact on children and young people's lives in Iraq ahead of COP26 Children and young people in Iraq are the most at risk of the impacts of climate change especially water scarcity, threatening their health, education, and protection, and exposing them to deadly diseases. […]
By John Lee. China's CITIC Construction has won the bid for the first and second phases of AI Khairat heavy oil power plant in Iraq. Yang Jianqiang, Deputy President of CITIC Construction, held talks with Mazin Wajih, Chairman of Harlow International, in Dubai representative office, and received the letter of acceptance issued by Mazin Wajih. […]
UNFPA launches Social Responsibility Skills for Young Entrepreneurs Project UNFPA and the Ministry of Labour and Social Affairs with the Ministry of Culture and Youth in the Kurdistan Regional Government launched the Social Responsibility Skills for Young Entrepreneurs project in Erbil. The project was based on the success story of the "Orange Corners Erbil Programme" […]
Climate Change Awareness Raising Workshop The UN Environment Programme (UNEP) in Iraq, in partnership with UNDP and Ministry of Environment, conducted a two-day training workshop in Erbil on Climate Change within the implementation of the Iraq National Adaptation Plan Project (NAP) aiming at "building the institutional capacity to advance the National Adaptation Plan process in […]
IBBC's Autumn conference is back with a bang and open for business engagement. On 22nd November this year the overarching conference topic is looking to the future with 'sustainability'- whether in terms of energy and renewables, the Iraqi economy and its diversification, or sustaining finance, logistics and training. Underpinning much of this is the application […]
By John Lee. Iraq reportedly plans to invest $3 billion annually to transition from burning liquids to burning natural gas in its power plants. Deputy Prime Minister and Finance Minister, Ali Allawi (pictured), told the Middle East Green Initiative Forum in Saudi Arabia that Iraq will also end gas flaring by 2025. He also recommitted […]
By John Lee. India's TVS Motor Company, which makes motorcycles and three-wheeled vehicles, has signed an agreement to strengthen the company's presence in Iraq. UAE-registered ARATA International FZC, a subsidiary of Oman's Bahwan International Group (BIG), will distribute TVS vehicles in Iraq. The deal was signed by Sheikh Ahmed Bahwan, Chairman of BIG, and Mr […]
