Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
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By John Lee. Iraq has signed an "agreement of principles" with state-owned PowerChina (Power Construction Corporation of China) to build a 2,000-MW solar power station. The Director General of the Investments and Contracts Department at the Ministry of Electricity, Mrs. Maha Hamoudi Abdul-Jabbar, signed on behalf of the Iraqi side, while the Deputy General Manager […]
By John Lee. The Iraqi cabinet has agreed to change the name of the Ministry of Electricity to the Ministry of Electricity and Renewable Energy. A draft law enacting the change will be referred to the House of Representatives (parliament). (Source: Govt of Iraq)
By John Lee. The Chairwoman of the National Investment Commission (NIC), Suha Daoud Najjar, has confirmed that the NIC is studying compensating investors who are still continuing their investment projects despite suspension for four years due to ISIS terrorist gangs. She indicated that the study includes submitting a proposal to the Council of Ministers and […]
Menzies Aviation expands MASIL joint venture with launch of passenger services at Baghdad International Airport Menzies Aviation has announced that it has expanded its joint venture with Iraqi Airways ("MASIL") to offer passenger services at Baghdad International Airport. MASIL has now assumed operational control of passenger service activities in the Nineveh terminal at Iraq's largest […]
By John Lee. The European Commission has proposed to the Council to adopt temporary restrictive measures on short-stay visas for visa applicants who are nationals of Iraq, Bangladesh and The Gambia. Under the revised Visa Code in force since February 2020, the EU's short-stay visa policy is linked to cooperation with partner countries on readmitting […]
By John Lee. Iraqi Minister of Industry and Minerals, Manhal Aziz Mahmoud Al-Khabbaz, has announced the official start of construction of a new cement plant in Badoush, in Nineveh Governorate. The $220-million project is being carried out by the General Company of Iraqi Cement and a Spanish company, which the Ministry did not name. The […]
By John Lee. Japan's Minister for Foreign Affairs, Motegi Toshimitsu, visited Iraq on Saturday, meeting with Foreign Minister Fuad Hussein, Prime Minister Mustafa Al-Kadhimi, and President Barham Salih. Minister Motegi announced that Japan intends to extend the "Basrah Refinery Upgrading Project (Phase 3)" Yen loan project (up to the amount of 32.7 billion yen) [$300 […]
By John Lee. On Sunday, Iraqi Prime Minister Mustafa Al-Kadhimi met with the Emir of Kuwait, His Highness Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah. During the meeting in Kuwait, the Prime Minister stressed the need to take advantage of the potential offered by being neighbouring states, the interdependence of strategic and economic interests between the two […]
By John Lee. Iraq's Foreign Minister, Fuad Hussein, has this week received the credentials of several new ambassadors to Baghdad: the Ambassador of India to Baghdad, Mr. Prashant Bisai (pictured); the Ambassador of Spain to Baghdad, Mr. Pedro Martineth; the Ambassador of Sweden to Baghdad, Mr. Jonas Lofven; the Ambassador of Pakistan to Baghdad, Mr. […]
By John Lee. On Wednesday, August 18, 2021, the President of the Republic of Iraq, Barham Salih made a phone call to Chinese President Xi Jinping. In the Phone conversation, President Salih congratulated the Chinese President on the 100th anniversary of the founding of the Chinese Communist Party. According to a statement from the Office […]
By John Lee. Iraq and Turkey have agreed to form a committee to help facilitate trade between the two countries. At a meeting in Baghdad on Wednesday between Iraq's Minister of Trade, Dr. Alaa Al-Jubouri, and his Turkish counterpart, Muhammed Muş, it was also decided to hold a forum for businessmen in Istanbul at the […]
