Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. Iraq reportedly plans to invest $3 billion annually to transition from burning liquids to burning natural gas in its power plants. Deputy Prime Minister and Finance Minister, Ali Allawi (pictured), told the Middle East Green Initiative Forum in Saudi Arabia that Iraq will also end gas flaring by 2025. He also recommitted […]
By John Lee. India's TVS Motor Company, which makes motorcycles and three-wheeled vehicles, has signed an agreement to strengthen the company's presence in Iraq. UAE-registered ARATA International FZC, a subsidiary of Oman's Bahwan International Group (BIG), will distribute TVS vehicles in Iraq. The deal was signed by Sheikh Ahmed Bahwan, Chairman of BIG, and Mr […]
By John Lee. Iraqi e-commerce company Orisdi has signed a six-figure deal with Al Sharqiya TV. Sharqiya is one of the largest media groups operating in Iraq, having launched the country's first fully independent privately-owned satellite TV channel in 2004, complemented by the addition of the Sharqiya News channel in 2008. The investment round was facilitated […]
By Federico Borsari, for the Italian Institute for International Political Studies (ISPI). Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. It's Time to Rethink the EU Strategy Towards Iraq The EU should prepare for a deeper and more comprehensive engagement with the full […]
By John Lee. Deloitte has published its "Doing Business Guide Iraq", which highlights key areas of consideration for businesses who are looking to invest in the country, as well as those who are already present, but are looking to undertake a review of their tax exposures. The report provides businesses with insights on the legal […]
By John Lee. Iraq's National Data Center Department, in the General Secretariat of the Council of Ministers, has held a meeting to discuss a system for controlling data on water and electricity lists and linking them to the actual property occupant. Importantly, the meeting included discussion of electronic payment and collection mechanisms. The meeting was […]
IOM assessments highlight evolving economic needs under unprecedented impacts of COVID-19 in Iraq Necessary measures to contain the spread of COVID-19 combined with volatile oil prices and a decrease in the value of the Iraqi dinar brought an end to two years of sustained economic growth in Iraq, heavily impacting individuals and communities affected by […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq's next Parliament will include Record Number of Women As the results from Iraq's Oct. 10 parliamentary elections trickle in, it is becoming clear that women candidates have excelled. The next 329-member Iraqi […]
By John Lee. Iranian car maker Saipa has reportedly said that its discontinued 'Pride' model is still selling well in Iraq. An official at the company said that, at $6,800, the Kia-based car is the cheapest in Iraq, and it has already sold 160,000 units in Iraq this year. According to Press TV, the car […]
By John Lee. Iraq signed an agreement to build a 525-MW solar power plant in Karbala. The project will be built by a consortium of companies led by the Norwegian Scatec, whose main shareholder is Equinor (formerly Statoil). Also involved are Egypt's Orascom and Iraq's Al-Bilal. The signing comes after recent announcements of renewable energy […]
By John Lee. Iraq's Foreign Minister, Fuad Hussein, has this week received the credentials of two new ambassadors to Baghdad: the German Ambassador to Baghdad, Mr Martin Jaeger (pictured); the Polish Ambassador to Baghdad, Mr Marcin Kubiak. (Source: MoFA)
By John Lee. Iraqi e-commerce platform Elryan.com has significantly expanded its product offering to include grocery items with the launch of its partnership with major international retailer, Carrefour. In a statement, Elryan says the partnership brings a new level of choice, convenience, and service to Elryan's more than 100,000 active customers. Products will be delivered […]
