Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. [Amended 7th Oct 2021 to include comment from Korek Telecom.] UAE-based Agility has announced an arbitration decision by the Lebanese Arbitration Center of the Chamber of Commerce, Industry and Agriculture of Beirut and Mount Lebanon, in the lawsuit filed by its subsidiary Iraq Telecom against the Intercontinental Bank of Lebanon (IBL) and […]
By John Lee. An Iraqi delegation has visited the German capital Berlin to discuss economic cooperation between the two countries. The visit was organised by NUMOV (Nah- und Mittelost-Verein e.V.), and attendees at the meeting included the new Ambassador of Iraq in Berlin, Mr. Lukman Faily. The Ambassador spoke to the representatives of German companies […]
By John Lee. The Kurdistan Regional Government (KRG) has recently launched what it describes as "two massive electricity projects" in Makhmour. They are the Bnar power station, built by the Girshin Company, and a 33 KV power-line at Qaraj, implemented by Palos. The projects have a combined cost of 1.742 billion dinars [$1.2 million]. (Source: […]
By John Lee. The Iraqi-Lebanese Business Conference has been held in Beirut, under the auspices of the Lebanese Minister of Industry. The meeting discussed the promotion of trade in areas such as agriculture, industry and tourism. A representative of Beirut's Chamber of Commerce, Industry and Agriculture said that the Lebanese private sector is always ready […]
By John Lee. Shares in Petrofac were trading up more than 7 percent on Monday, as the company was ordered to pay GBP 77 million [$105 million] after the UK's Serious Fraud Office (SFO) secured further convictions in its investigation into bribery and corruption at the Jersey-registered energy services company. On Friday, Petrofac Limited pleaded […]
By John Lee. A revealing report by Samya Kullab, for AP News, exposes the system of corruption and patronage that keeps Iraq's electricity system in the dark ages. Click here the read the full report. (Source: AP News)
By John Lee. Miswag, the Iraq-based B2C online marketplace, is reported to have successfully raised $1.6 million in a "Pre-Series A" funding round. According to The Start-up Scene, this brings its total investment raised to nearly $3 million since 2019. It adds that Miswag will use the funding to expand its commercial and technological teams […]
IBBC Iraq Business Forum and the awarding of the Rasmi Al Jabri prize to Al Burhan Group The Iraq Britain Business Council (IBBC) hosted over 200 Iraqi SME's in Westminster Central Methodist Hall in London on Monday 27th September at the Business Forum event. The sessions were jointly chaired by Richard Cotton and Muhanad Alkhattab […]
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iran exports to Iraq totaled $3.8 billion in past 6 months Iran's foreign trade reportedly increased by 47 percent in the past six months compared to the same period last year, to a total […]
IBBC holds Cumberland Lodge annual retreat programme: 'Iraq in perspective' For the first time in two years the Iraq Britain Business Council (IBBC) held its annual retreat programme at Cumberland Lodge in Windsor Great Park. The event was generously sponsored by IBBC Member Al Burhan Group. The morning sessions were fully attended by a range […]
Iraq and the World Bank Group Join Forces to Boost Iraqi Women's Economic Empowerment A new plan to remove constraints and create more economic opportunities for women has been launched by the government of Iraq, with support from the World Bank Group. The Women's Economic Empowerment Plan for 2021-2022 outlines the government's priorities in line […]
By John Lee. Two companies have won contracts with the United Nations Office for Project Services (UNOPS) in Iraq: Wood Group UK Ltd: Web-based mapping applications development; Contract value $61,000 FieldWireLabs, Inc.: Construction Management Software Application; Contract value $14,700 (Source: UNGM)
