Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. The International Monetary Fund (IMF) has published a new report into Iraq's customs and tariff arrangements. This report summarizes key findings and recommendations from a remote technical assistance (TA) assignment performed by a short-term expert (STX), Mr. Djamel Bouhabel, from January 17 to February 4, 2021, to the General Customs Authority of […]
By John Lee. Iraq and Jordan have reportedly signed an agreement to implement the electrical interconnector between the two countries. The Iraqi and Jordanian Ministers of Electricity met to discuss the details of the project on Thursday. (Source: Shafaq, Basnews)
By John Lee. A newly incorporated company called Privy Innovations (PI) is to be the sole representative of UK-based electrical wholesaler Edmundson Export in the Iraqi market (including Iraqi Kurdistan). The new business is headed by Aziz Shwan Ahmed, previously Chief of Staff to Iraq's Deputy Prime Minister, and currently a member of the Advisory […]
The ninth cabinet of the Kurdistan Regional Government (KRG) started 27 multisectoral projects from March 2020 to June 2021, as it reaches the 2nd anniversary since its foundation. The KRG invested $332 million on housing projects, developed a $250 million wheat marketing project, distributed $2.56 billion worth of business licenses, and completed the MED Steel […]
Enhancing agricultural development will facilitate Iraq's accession to WTO A workshop on "WTO Accession and Agriculture" was organised from 4th to 7th July 2021 in Baghdad. Agricultural development consistent with WTO standards needs enhancement in Iraq for facilitating the negotiations leading to the accession process. The workshop provided a comprehensive overview of the agriculture sector […]
By John Lee. Construction has reportedly begun on a $340-million steel factory in Erbil. According to Kurdistan24, the plant will produce 750,000 tons of steel annually, some of which will be produced from scrap. It is expected to open in February 2022. More here. (Source: Kurdistan24)
By John Lee. Iraq's Permanent Representative to the United Nations in Geneva, Ambassador Abdul Kareem Hashem Mustafa, met at the headquarters of the , the Deputy Director-General of the World Trade Organization (WTO), Chinese Ambassador Zhang Xiang Chen, at the WTO headquarters. The two sides discussed the importance of completing the technical documents required for […]
From Oxfam's Iraq Response Innovation Lab: Iraq Response Innovation Lab recently supported 5 innovative projects in the agricultural sector to launch. These 5 projects were all incubated for 10 months and received trainings on Business Models, Business Plans, Budgeting alongside technical training. The incubation started with 60 applications received online. The first phase of the […]
Three innovative projects focusing on environmental sustainability, jobs for unemployed youth and digitization of the public sector have today been launched by the United Nations Development Programme (UNDP) in Iraq in partnership with the Governorate of Karbala. The project launches reaffirm UNDP Iraq's commitment to supporting communities in Karbala, and included: Job Matching for Karbala […]
By Salam Zidane for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq invests in clean energy Iraq is investing in clean energy to produce electricity, especially solar energy, which is almost available throughout the year in various regions of the […]
By John Lee. Egypt has reportedly agreed to supply 700MW of electricity to Iraq via Jordan. The country's Electricity Minister is quoted as saying that the $2.2-billion project will begin within 18 months. More here. (Source: Energy and Utilities)
GE has announced a comprehensive "Energy Transition Plan" for Iraq, presenting its transformative strategies to support the country's evolution to a cleaner energy future. The plan includes several key pillars that support the government's goals to enhance Iraq's power infrastructure, as well as promote decarbonization and energy sector diversification. The Energy Transition Plan was announced […]
