Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. KRG Prime Minister Masrour Barzani recently laid the foundation stone of a food industry zone in Duhok. In a statement, PM Barzani said: "Our promise is to develop other sectors of the economy and end our dependence on a single source of revenue. "Better infrastructure will benefit the whole of Kurdistan. Our […]
By John Lee. Iraqi Prime Minister Mustafa al-Kadhimi is to visit the United States later this month. In a statement, he White House said: "President Donald J. Trump will welcome Prime Minister Mustafa Al-Kadhimi of the Republic of Iraq to the White House on August 20, 2020. "The visit comes at a critical time for […]
By John Lee. The Iraqi Government has said that it will extends the partial, nationwide curfew until 15th August, with a total curfew on Thursday, Friday and Saturday. The move is an attempt to limit the spread of coronavirus (COVID-19). (Source: Govt of Iraq)
By John Lee. Trade reportedly resumed on Sunday at the Shalamijah (Shalamcheh) border crossing between Iraq and Iran. According to Anadolu Agency, the crossing was closed from 31st July 31 until 8th August due to coronavirus. (Source: Anadolu Agency) (Picture credit: Tasnim, under Creative Commons licence)
By John Lee. A new 300-megawatt steam power plant has been recently opened in Khabat, on the outskirts of Erbil. The plant, built in partnership with South Korean companies POSCO and the Korean National Oil Company (KNOC), adds 10 percent to the region's electricity capacity. Speaking at the opening ceremony, KRG Prime Minister Masrour Barzani […]
By John Lee. Aggreko plc, the Scottish-based supplier of temporary power generation equipment, has won a significant order in Iraq during the first half of this year. In its results for the six months ended 30th June 2020, the company said: "Order intake [in its Power Solutions Utility division] was 237 MW (2019: 245 MW), […]
By John Lee. On Wednesday evening, the Lebanese Prime Minister Hassan Diab received an Iraqi delegation headed by Oil Minister Ihsan Abdul-Jabbar, representing Iraqi Prime Minister Mustafa Al-Kadhimi, and which included Deputy Health Minister Hani Al-Aqabi, Chargé D'affaires, Amin Al-Nasrawi, Political Advisor Ahmad Jamal and Oil Minister's Office Head Haidar Obaid, in the presence of […]
By Aymen Salman, for The Station. Re-published with permission by Iraq Business News. As the impact of the health and economic crisis ravages, the world start-ups are trying to overcome the economic difficulties they face; these projects face an existential threat that has damaged many companies around the world. Despite the pessimistic circumstances, we can […]
By Sajad Jiyad, for the European Council on Foreign Relations (ECFR). Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Torn between two allies: How Europeans can reduce Iraqi dependence on Iran and the US After the long fight against the Islamic State group […]
By Ali Al-Saffar, Middle East and North Africa Programme Manager at the International Energy Agency (IEA), for 1001 Iraqi Thoughts. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Powering Iraq: Why Electricity is key to Peace, Stability and Prosperity It does not have to […]
By Ali Al-Makhzomy, for The Station. Re-published with permission by Iraq Business News. Five One Labs recently hosted an online Start-up Showcase to celebrate the graduation of their first-ever Arabic incubator program in c. Over 90 attendees joined the event from Iraq, Germany, USA and other places. Ten of the entrepreneurs gave brief overviews of […]
The Cabinet held its weekly meeting on Tuesday under the chairmanship of Prime Minister Mustafa Al-Kadhimi. The Cabinet discussed the needs of Iraq's health sector, and agreed several measures to expand existing capacity and introduce new services. The measures included: Adding additional ward capacity for the treatment of cancer patients at the National Amal Hospital and the […]
