Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
Transparency, accountability, integrity: New agreement to help combat corruption in Iraq The United Nations Development Programme (UNDP) and the Iraqi Prime Minister's Office have reaffirmed their partnership and commitment to preventing and combating corruption in Iraq by signing a new Memorandum of Understanding (MoU) designed to promote transparency, accountability and integrity in the public and […]
By John Lee. Prime Minister Mustafa Al-Kadhimi received a delegation of Saudi officials and business people in Baghdad on Monday. Among the visitors was the Saudi Minister of Commerce, Acting Minister of Media, and Chairman of the Saudi-Iraqi Coordination Council, Dr. Majid bin Abdullah Al-Qasabi. The delegation included businessmen representing 22 Saudi companies. During the […]
By John Lee. Switzerland is hoping to reopen its embassy in Baghdad early next year. The announcement was made after the Chief of Iraq's Protocol Department, Mr. Ali Shamran, met with the Swiss ambassador to Iraq residing in Amman, Mr. Lukas Gasser, and discussed bilateral relations between the two countries and ways to develop them. […]
By John Lee. Germany's TÜV Rheinland has said it has been named as the only certification body for Iraq's new "Certificate of Registration (CoR)" procedure. In a statement, the company said all manufacturers and suppliers who export goods to Iraq will in future require a registration certificate, which was issued in accordance with the new […]
By John Lee. A member of Iraq's Parliamentary Finance Committee has reportedly confirmed the government's intention to devalue the Iraqi dinar. MP Jamal Kocher told Shafaq News Agency: "I think that there is a government tendency to create an atmosphere for raising the dollar exchange rate more than it was in previous budgets ... The […]
From the Al-Bayan Center for Planning and Studies. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Powering Iraq: Challenges Facing the Electricity Sector in Iraq On February 21, 2020, Iraq recorded its first case of the novel coronavirus. Five months later, total recorded cases […]
The Ministry of Foreign Affairs of the Republic of Korea (MoFA) is supporting the United Nations Development Programme (UNDP) with an additional USD 5M million to support stabilization activities in areas liberated from the Islamic State of Iraq and the Levant (ISIL) in Iraq. The Republic of Korea's contribution will be channeled through UNDP's Funding […]
KRG Prime Minister Masrour Barzani has presided over the contract signing ceremony between the Ministry of Interior and Germany's Mühlbauer Group to digitalize key public services. During the ceremony, the Prime Minister said that the KRG has no choice but to move forward with technological advancements, recalling the cabinet's agenda on digitalization and commitment to […]
By John Lee. The Governor of Najaf governorate has announced a new road project linking the governorate with Saudi Arabia. Luay Al-Yassiry (pictured) is quoted as saying that the project will include the paving a 239-kilometer road, and the building of border outlets and areas for trade. The first phase of the project includes paving […]
The 94 local winners of the Seedstars World Competition (SSW) 2020 have been announced and maintenance service startup Fix-it is set to represent Iraq in the next round of the competition. From the MENA region, 18 startups are set to compete for a spot at the Global Finale, where the grand prize is $500K in […]
By John Lee. The Iraqi Cabinet held its weekly meeting on Tuesday under the chairmanship of Prime Minister Mustafa Al-Kadhimi. Following discussions, the Cabinet decided to: Approve the recommendations from the specialist working group to complete the comprehensive database of all those who work in the public sector, and to allocate a unique employment number […]
By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Will reopening of border crossing drive Saudi investment in Iraq? The recent reopening of the Iraqi border crossing of Arar with Saudi Arabia in a bid to enhance trade […]
