Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
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 […]
IOM, KOICA Partner to Support Local Economic Recovery in Baghdad, Ninewa and Kirkuk Decades of conflict in Iraq coupled with the COVID-19 outbreak have severely affected human capital, intensified poverty, and undermined individuals' ability to find decent and sustainable jobs. The consequences of conflicts are especially severe for vulnerable returnees, internally displaced persons (IDPs) and […]
Sustainable Recovery from COVID-19 in Iraq: Key findings Sustainable Recovery from COVID-19 in Iraq: Key findings is the final paper in a series of eight released by UNDP on the impact of COVID-19 in Iraq. Throughout the series, UNDP provides a multidimensional analysis on the impact of the pandemic and related shocks, current and past, on […]
By John Lee. Prime Minister Mustafa Al-Kadhimi chaired the regular session of the Iraqi cabinet on Tuesday. Addressing the ongoing crisis in electricity supply, the cabinet agreed to allocate 50 billion Iraqi dinars ($34 million) for emergency expenses and maintenance of the electricity infrastructure. This will be achieved by profitable Ministry of Oil companies lending […]
From Al Jazeera. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Anger at frequent power cuts is spilling onto the streets of Iraq as summer temperatures soar. Experts say Iraq needs about 30,000 megawatts a day to overcome this crisis. Protesters are blaming consecutive […]
By John Lee. Washington DC-based law firm Arent Fox LLP has entered an agreement with the Kurdistan Regional Government (KRG) to provide legal advice on various issues including legal and regulatory matters in the United States. It will also advise on strengthening the KRG's alliance with the United States, tracking and monitoring legislation in Congress, […]
