Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
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 […]
Iraq Opens Several Border Crossings for Iranian Transit Following the Iranian Judiciary chief's recent visit to Iraq, the Arab country has reopened several border crossings for the shipment of Iranian commodities by land freight. The Iraqi Ministry of Transport has issued an order to reopen a number of border crossings to Iranian trucks after a […]
From Al Jazeera. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Decades of plundering: Where has Iraq's oil wealth gone? Ranked as the fourth-biggest oil producer in the world, many would assume that Iraq has the financial resources to weather the pandemic. But that […]
The Cabinet held its weekly meeting on Tuesday under the chairmanship of Prime Minister Mustafa Al-Kadhimi. The Cabinet discussed the latest Covid-19 related developments, and received a briefing from the Minister of Health on government measures to contain the spread of the virus. Following discussions, the Cabinet agreed to establish the Higher Committee for Reform […]
By John Lee. Iraq's Foreign Minister Fuad Hussein has received copies of the credentials of two new ambassadors to the country. Walid Mohamed Ismail is the new Ambassador of the Arab Republic of Egypt, while Paula Ganly becomes the new Australian Ambassador to Iraq. (Source: MOFA)
By John Lee. The Central Bank of Iraq (CBI) has announced the launch of its "digital enrollment service", which it says is the first of its kind in Iraq and the region. According to a statement from the CBI: "Digital enrollment is an integrated digital financial system that enhances financial independence and liberation from traditional […]
By John Lee. Iraq's Foreign Minister, Fuad Hussein, has met with the Foreign Minister of Libya's Government of National Accord (GNA), Mohamed Taher Siala, on the sidelines a meeting of the League of Arab States in Cairo. Minister Hussein congratulated his Libyan counterpart on the occasion of announcing the results of the formation of the […]
