Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. The National Iranian Gas Company (NIGC) has reportedly cut supplies of gas to Iraq due to Iraq's arrears of more than $6 billion. According to Reuters, Iran's Energy Minister is scheduled to visit Baghdad on Tuesday to discuss the matter. More here and here. (Sources: Shana, Reuters)
By John Lee. Turkey has reportedly begun to export electricity to Iraq. According to Anadolu Agency, Turkey's Energy Market Regulatory Authority (EMRA, EPDK) started supplying Iraq on Monday at a rate of 150 MW, through the Silopi-Zakho transmission line. The deal is due to run until 1st November, 2021. (Source: Anadolu Agency)
New partnership with Germany to create sustainable employment opportunities for Iraqis Germany has reaffirmed its partnership with the United Nations Development Programme (UNDP) by investing EUR 30 million (US$35.89 million) to enhance economic empowerment and create employment opportunities for vulnerable communities in Iraq. The contribution was made available by the German Federal Ministry for Economic […]
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Price hikes at Sulaimani market following dinar devaluation Traders in Sulaymaniya (Slemani) say the devaluation of the Iraqi dinar is driving up prices for local shoppers. Click here to read the full story. (Picture […]
By Al Monitor staff. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq closes land borders, restaurants with new anti-virus measures The Iraqi government announced a series of strict measures to combat COVID-19 on Tuesday. All land border crossings, restaurants and malls will […]
From the International Monetary Fund (IMF): IMF Staff Completes 2020 Article IV Mission with Iraq End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the […]
By Farhad Alaaldin and Kenneth M. Pollack, for Foreign Policy. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq's Economic Collapse Could Be Biden's First Foreign-Policy Headache If the Iraqi government fails to pay state workers' salaries in January, it could lead to […]
By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Armed groups target liquor shops in Iraq Shops selling alcoholic beverages in Baghdad are constantly targeted. Some Iraqis see this as part of the war on their personal freedoms. […]
By John Lee. Iraqi Prime Minister Mustafa Al-Kadhimi met on Thursday with a number of businessmen, investors and heads of Turkish companies, on the sidelines of his official visit to the Turkish capital, Ankara. Kadhimi discussed with businessmen and investors ways to facilitate investment procedures, lift obstacles and reduce bureaucratic procedures. He also listened to […]
By Amberin Zaman for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Iraq, Turkey agree to cooperate on counterterrorism, trade Turkish President Recep Tayyip Erdogan and Iraqi Prime Minister Mustafa al-Kadhimi committed to enhanced cooperation on terrorism, trade and energy, although […]
By John Lee. GE Gas Power has said it has "marked a major milestone" by synchronizing two GT13E2 gas turbines to the national grid at the Zubair Permanent Power Generation Plant. The facility is owned by the Basra Oil Company (BOC) and located at the Zubair oil field, about 20 kilometers from the city of […]
By John Lee. The Cabinet held its weekly meeting on Tuesday under the chairmanship of Prime Minister Mustafa Al-Kadhimi. Following discussions, the Cabinet decided to authorise the Minister of Planning to negotiate and sign a draft agreement on double taxation and tax evasion between Iraq and Turkey. (Source: Govt of Iraq)
