Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
From the United Nations Development Programme (UNDP). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Operationalizing the Humanitarian-Development-Peace Nexus in Iraq Iraq is a middle-income country emerging from decades of conflict and large-scale displacement, with over one million IDPs still affected amid declining humanitarian […]
By John Lee. His Excellency Dr Salih Husain Ali Al-Tamimi, Ambassador of Iraq to the United Kingdom, received Mohammed Al-Issawi, a member of the International Chamber of Commerce (ICC), to review opportunities for expanding international economic collaboration. Discussions covered the ICC's role in supporting the global business environment, including its work to facilitate cross-border trade […]
By John Lee. Angola's Sonangol has reported an incident involving the oil tanker Sonangol Namibe (pictured) while anchored at Khor Al-Zubair in southern Iraq awaiting loading operations. Preliminary reports indicate that a localised explosion occurred on the vessel's deck on 5th March (Thursday). The tanker is registered under the Bahamas flag and is operating within the […]
By John Lee. The Iraqi Geological Survey, part of the Ministry of Industry and Minerals, has begun two projects to explore, assess and develop limestone reserves suitable for cement production in Muthanna and Wasit provinces. The projects aim to identify and evaluate the quality and quantities of limestone through: Fieldwork and geological studies; Specialised laboratory testing; […]
By John Lee. In his latest monthly investment report for Iraq Business News, Ahmed Tabaqchali shows that the gap between the parallel and official exchange rates for the Iraqi dinar (IQD) had already been rising before the U.S.-Israel war on Iran started, due to domestic customs policy changes making it harder for informal importers to […]
By John Lee. Trial operation has begun on the first generating unit of the Shams Al-Basra solar power project, the largest solar energy scheme in Iraq, with a total planned capacity of 1,000MW. The project, located in the Artawi [Ratawi] area of Basra province, covers approximately 9,000 dunams and comprises four units, each with a […]
By John Lee. Iraq's General Customs Authority has announced temporary exceptional measures to accelerate the flow of goods and reduce congestion at ports. According to state-run Iraqi News Agency (INA), the authority said the measures were adopted in line with directives from Prime Minister Mohammed Shia Al-Sudani and in response to exceptional regional conditions affecting ports […]
By John Lee. The Ministry of Electricity has confirmed that imported gas supplies from Iran are continuing at a reduced level of six million cubic metres per day (6mcm/d). Official spokesperson Ahmed Mousa Al-Abadi said the current volumes remain below contracted levels and continue to affect generation units and power stations. He noted that milder temperatures […]
By John Lee. The Council of Ministers has approved the holding of the Arab Entrepreneurship Summit 2026 in Baghdad in November 2026. The cabinet also agreed to form a preparatory committee, chaired by the Minister of Planning and comprising relevant entities, to oversee arrangements for the summit. (Source: PMO)
By John Lee. A delegation from the Ministry of Trade has visited the manufacturing facilities of Bühler Group in Switzerland to review progress on the five metal silos project. The visit focused on overseeing production stages and monitoring implementation of the electromechanical equipment and materials designated for the scheme. The delegation was headed by Dr […]
From the Iraq Britain Business Council (IBBC): You could be forgiven for thinking that Iraq is only dependant on oil and is a country struggling with conflict. However, reality has moved on from old perceptions and scarcely reflect the recent changes and dynamics that are tangible and progressing well. With a stable economic and political […]
By John Lee. Al-Zawraa General Company, one of the companies under the Ministry of Industry and Minerals, has signed a contract with Midland Refineries Company (MRC), part of the Ministry of Oil, to supply 85,000 water filters. Director General Eng. Muhannad Jabbar Al-Khazraji said the contract forms part of the company's strategy to support the […]
