Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. The UAE's Ambassador to Iraq, Salem Issa Al Zaabi, has reportedly to the Federation of Iraqi Chambers of Commerce that several major Emirati companies want to invest in Iraq. Salem Issa Al Zaabi added that he had a productive meeting with the Federation's President, Abdul Razzaq Al Zuhairi, who said that Iraq […]
By John Lee. At its regular meeting on Tuesday, the Iraqi Cabinet agreed to send an invitation, "in a single bid manner", to the French company Total to invest in a project to generate 1,000 megawatts of solar electric power. The project was originally agreed in March as part of a larger engagement with the […]
The IBBC Agritech seminar examined the possibilities and opportunities for a modern agricultural industry in Iraq. Drawing from international NGO insights from the UN's ITC, the World Bank and two of the UK's leading agritech innovation institutions, the distinguished audience heard what technologies and investment are possible for Iraq to embrace. Padraig O'Hannelly, MD of […]
By John Lee. Iraq's Ministry of Oil has announced preliminary oil exports for May of 89,881,268 barrels, giving an average for the month of 2.899 million barrels per day (bpd), slightly down from the 2.947 million bpd exported in April. The exports from the oilfields in central and southern Iraq amounted to approximately 86,820,355 barrels, […]
Entrepreneurs Network and Gain Skills at USAID-Top Mountain Business Canvas Conference in Erbil U.S. Consul General Rob Waller spoke with the over 250 entrepreneurs and job seekers at the second-annual Top Mountain Business Canvas Conference on May 27 at the Rotana Hotel in Erbil. The Business Canvas Conference, supported by the United States Agency for […]
SFD signs a $10 million export financing agreement with the National Bank of Iraq The Saudi Fund for Development (SFD) has signed an export financing agreement with the National Bank of Iraq (NBI), a subsidiary of the Capital Bank Group, to provide credit facilities worth $10 million to Iraqi importers who seek to import Saudi […]
India's TVS Motor Company has opened a new marquee showroom in Baghdad with distribution partner Ritaj International General Trade LLC. The showroom, which is spread over 500 sq meters with a built-up area of 840 sq meters, was inaugurated along Palestine Street in Baghdad. It is the first-of-its-kind showroom for TVS Motor Company in the […]
Asiacell and UNDP Iraq join efforts to support youth employment and entrepreneurs Following its commitment to boosting youth employment and strengthening Iraq's Micro, Small, and Medium Enterprises (MSMEs), Asiacell today signed a two-year Memorandum of Understanding (MoU) with the United Nations Development Programme (UNDP) in Iraq. The MoU commits the leading telecommunications company and the […]
Ministerial delegations from Iran and Iraq agreed on plans to promote cooperation on customs affairs, pave the way for joint investment, and expand the capacity for transportation between the two neighboring countries. After two rounds of meetings on Saturday, delegations led by Iranian Economy Minister Farhad Dejpasand and Iraq's Finance Minister Ali Abdul-Amir Allawi reached […]
By John Lee. Iraqi Foreign Minister, H.E. Mr. Fuad Hussein, received a copy of credentials of H.E. Mr. Ali Rıza Güney, the new Turkish ambassador to Iraq at the ministry's headquarters this week. Mr. Hussien affirmed the ministry's readiness to fully support the ambassador to succeed in his duties, wished him success, and emphasized the […]
By John Lee. On 25 May 2021, Foreign Minister, H.E. Mr. Fuad Hussein received a copy of the credentials of H.E. Mr. Elbrus Kutrashev, the Ambassador Plenipotentiary of the Russian Federation to Baghdad. The two sides held talks on ways to improve bilateral relations between the two countries, and the importance of enhancing cooperation opportunities […]
By John Lee. Iraq was reported to be Iran's second biggest non-oil export destination for the period from 21st March to 21st May. Mehdi Mir-Ashrafi, the head of the Islamic Republic of Iran Customs Administration, is quoted as saying that Iran exported $2 billion worth of non-oil exports to China over that time, and $953 […]
