Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. The Sulaimanyah-based Royal Can Making Company is reportedly planning to set up a container glass factory in the south of Baghdad. According to Glass International, the new Al Malakeya Glass Company will have a capacity of 1150 tons per day when completed in August 2024. Engineering Procurement and Construction (EPC) management will […]
By John Lee. As part of its efforts to switch to clean and renewable energy, Iraq's Ministry of Oil has said it is working with Siemens to produce hydrogen. The German company will provide advanced technologies and equipment for the project, and set up workshops to support the initiative. The first of these workshops was […]
Alsaree3 Group Receives Additional Bridge Round Funding Alsaree3 Group, consisting of Alsaree3 (food-delivery) and Al Zajel Express (last-mile delivery services), closed a 7-figure bridge round in late December 2021, bringing its total amount of funding raised in 2021 to over $4 million USD. Founder and CEO of Alsaree3 Group, Bassam Al-Ateia, commented: "Despite the entrance […]
By John Lee. The Secretary-General of Iraq's Council of Ministers, Dr. Hamid Naim Al-Ghazi, has laid the foundation stone for a number of projects in Dhi Qar Governorate: the Al-Zaytoun Martyrs' Bridge; a local stadium, with capacity for 10,000 spectators; Imam Ali Street (peace be upon him); Al-Shatrah Hospital; and, two bridges in the Al-Moalemeen […]
By John Lee. TipTop has announced a new investment of $5 million to expand its online food and grocery delivery service in Iraq. CEO and Founder Hassan Alsoud told readers on LinkedIn that the funding will be provided by Kurdistan-based mobile operator Korek. (Source: LinkedIn)
By John Lee. Honeywell has announced that the Lanaz refinery (pictured) in Erbil will use its technology to upgrade its operations so it can produce more cleaner-burning transportation fuels. It says the project marks the first use of its UOP modular technology in Iraq, and will help Lanaz comply with increasingly strict specifications for fuel […]
By John Lee. Blue Water Shipping's Energy and Projects Division has announced plans to open an office in Iraq. Thomas Bek, Global Director of Energy & Projects at Blue Water, said: "Our customers in the energy sector operate internationally, and it is, therefore, a strategic objective that we continuously develop our organization to meet the […]
By John Lee. Iraq's Commission of Integrity issued 21 arrest warrants in December for senior state officials on charges of corruption. A further 77 officials were summoned for questioning as part of anti-corruption investigations. Among the people implicated are a current minister and a former minister, but the statement from the Commission mentioned no names. […]
Professor Frank Gunter of Lehigh University in US, and a member of IBBC's advisory council, has updated his celebrated work 'The Political economy of Iraq' after its initial publication 10 years ago. As a constant observer and supporter of Iraq, Frank has a long term and deep insight into the country and is in constant […]
By John Lee. The European Union's Ambassador to Iraq has announced that Iraq has been removed from its list of countries deemed to carry a high risk of money laundering. Following a meeting with Prime Minister Mustafa al-Kadhimi in Baghdad on Sunday, Ville Varjola tweeted: "Bringing the good news today to HE Prime Minister Mustafa […]
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 $68,870 Lot 3 - Supply […]
Finland Renews Commitment to Stabilization With New Contribution The United Nations Development Programme (UNDP) in Iraq welcomes an additional EUR 1.5 million (US$ 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 […]
