Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
Kuwaiti-based logistics provider Agility has said foreign investors "should think carefully about the perils of investing" in Iraq, following a ruling by an international arbitration panel to deny its claims that Iraqi officials expropriated $380 million invested by Agility in an Iraqi telecom company. The ruling, by a panel constituted by the International Centre for […]
Iran's minister of interior unveiled plans to shut the border with Iraq in the southwestern province of Khuzestan in order to contain a new wave of the coronavirus pandemic. Speaking to reporters on Saturday, Abdolreza Rahmani Fazli said the Coronavirus Fight National Headquarters has made new decisions to control the coronavirus in Khuzestan province, where […]
By John Lee. Applications are now open for the Orange Corners Baghdad incubation program. If you have an innovative e-commerce idea or solution, this program will advance you in the entrepreneurial world in just six months. Orange Corners Baghdad supports Iraqi youth in bringing their entrepreneurial ideas to life. Through a six-month incubation programme, it […]
By John Lee. Oil Minister Ihssan Abdul-Jabbar Ismail has given further details of the seven "alternative energy" plants that will be built, clarifying that they will all be solar power plants. The projects will have a combined capacity of 750MW, with the largest being a 300-MW facility in Karbala. There will also be plants in […]
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. KRG will see 20 billion dinars monthly from new corporate tax on internet and telecom companies: official The Kurdistan Regional Government (KRG) will attempt to bring in nearly 20 billion dinars [approx $13.7 million] […]
By John Lee. US Consul General Robert Waller has met with Ahmed Qadir [Ahmad Kadir Ismail Al Majidi], Chairman of HewaHolding, which owns the Fatburger and The Coffee Bean and Tea Leaf franchises in Erbil. While visiting Erbil's Majidi Mall, they discussed the company's future plans to expand and bring other American brands to the […]
By John Lee. The Iraqi Cabinet has agreed to approve a recommendation from the National Investment Commission (NIC) for the Ministry of Electricity to proceed with an investment project for the construction of seven "alternative energy" power plants. The new power stations are to be built in Karbala, Wasit, Babylon, and Al-Muthanna provinces. (Source: Govt […]
Briefing to the Security Council by SRSG Jeanine Hennis-Plasschaert | Tuesday, 16 February 2021 (As Delivered): Madam President, Distinguished members of the Security Council, Allow me to begin by again condemning last night's deadly rocket attack on Erbil. Such reckless attempts to inflame tensions pose grave threats to Iraq's stability. Close collaboration between Baghdad and […]
An agreement signed during the Iranian Judiciary chief's recent visit to Iraq entails setting up specialized courts with jurisdiction over economic and trade disputes involving the nationals of the two countries, an official said. Speaking at a televised interview on Saturday night, Head of the Iranian Judiciary's High Council for Human Rights Ali Baqeri Kani […]
By John Lee. Iraq's Minister of Oil has his Ministry's goal is to support the Ministry of Electricity to have 20 gigawatts of solar energy capacity installed by 2030. In a promotional video issued by the Government of Iraq, Ihsan Abdul Jabbar added that the recently-announced partnership with French energy company Total will include the […]
GE partners with Kapita to drive growth of Iraqi entrepreneurship ecosystem As part of its ongoing commitment to support Iraq and its people through the acceleration of socio-economic progress, GE has partnered with Kapita, a grassroots entrepreneurship organization to launch the 'Iraqi Microbusinesses' initiative - "Takaat" in Arabic. Through the new partnership, GE will support […]
By John Lee. Jordan and Iraq held talks on Saturday in Amman to enhance economic cooperation in various fields, especially trade and investment. According to Jordan Times, the meeting was headed by Jordan's Minister of Industry, Trade and Supply, Maha Al Ali, and Iraqi Minister of Industry and Minerals, Manhal Aziz. More here. (Source: Jordan […]
