Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. Iraq's National Investment Commission (NIC) has announced that it has prepared a plan to revitalize stalled projects. NIC Chairman, Suha Dawood Najar (pictured), said: "NIC have prepared a plan to revitalize the investment process all over the country in all sectors through activating the lurking and halted projects and reshaping them financially […]
The Iraqi Cabinet held an extraordinary meeting in the city Nasiriyah in Dhi Qar province on Monday under the chairmanship of Prime Minister Mustafa Al-Kadhimi. At the start of the meeting, the Prime Minister said that the people of Dhi Qar had sacrificed much for Iraq, but they have suffered from the consequences of past marginalisation. […]
This report provides a general overview of the Iraqi industrial sector. It starts with a briefing about why the industrial sector is very crucial for Iraq's future economy. As a more advanced industrial sector leads to greater GDP value, higher salaries, and better services provided by efficiently-trained labor. Despite this fact, there has been huge […]
By Joe Snell for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. New Iraqi committee to build nuclear reactors, combat electricity woes Iraq's Prime Minister Mustafa al-Kadhimi ordered on Sept. 24 the formation of a committee tasked with overseeing the building of […]
The Iraq Britain Business Council (IBBC) hosted a virtual conference chaired by Prof. Mohammed Al-Uzri to inaugurate its newly launched network of Iraqi Alumni of UK universities. The conference was opened by Baroness Nicholson. The guest speaker, Dr. Hamid Ahmed, Deputy Minister of Iraq's Ministry of Higher Education and Scientific Research, confirmed the ministry's strong […]
Mr Haider Al Shamaa has been appointed as IBBC Member Representative in Iraq and to the IBBC Executive Committee. Mr Shamaa is the Chairman of the International Islamic Bank a long standing member and supporter of the IBBC. As the Member Representative of IBBC in Iraq he will lead our discussions with the Iraqi Chambers of […]
By John Lee. Iraq's new Ambassador to Iran, Naseer Abdul Mohsen Abdullah, has presented his credentials to Iranian Foreign Minister Mohammad Javad Zarif. According to a statement from the Iraqi Ministry of Foreign Affairs, the importance of strengthening cooperation relations between the two countries was discussed, and the Ambassador expressed his hope for more cooperation […]
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. Significant challenges face Kadhimi's economic reform project Mustafa al-Kadhimi's government is working on presenting an economic reform plan in the coming days, at a time when Iraq faces complex economic […]
By John Lee. On Sunday, Iraq and Jordan reportedly signed a contract to connect their electricity networks and sell electrical energy between the two countries. According to INA, the deal will see Jordan providing Iraq with 1000 gigawatt hours per year as a first stage. The 300-km line will connect the new Risha substation, currently […]
New Survey of Small and Medium Enterprises Offers Insight into State of Iraq's Economy During COVID-19 Pandemic Measures taken to curb the spread of COVID-19 have led to reduced operating hours or the closure of many of Iraq's small and medium-sized enterprises (SMEs). The economic impact of the pandemic is expected to be severe. To […]
Iraq's Prime Minister Mustafa Al-Kadhimi has ordered the formation of a committee tasked to build a nuclear reactor for research purposes, the Iraqi Radioactive Sources Regulatory Authority (IRSRA) revealed. Speaking to the Iraqi News Agency, the head of the IRSRA, Hussein Latif, said that Al-Kadhimi is "aware of the importance of the issue of atomic […]
The foreign ministers of Iran and Iraq held a meeting in Tehran to discuss a broad range of political and regional issues, including plans to broaden relations between the two Muslim neighbors. In the Saturday meeting with his Iraqi counterpart in Tehran, Iranian Foreign Minister Mohammad Javad Zarif expressed Tehran's backing for the political trend […]
