Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. Prime Minister Mustafa Al-Kadhimi has held a meeting with the Ministers of Electricity and Oil to discuss electricity supply in Iraq, and directed that all electricity projects, especially those agreed with Siemens, be implemented without delay. He added that Iraq has spent billions of dollars on the electricity sector in recent years, […]
By John Lee. The Iraqi Government has announced that commercial operations have begun at the "Al-Kaytan Falcon Cement Plant" in Basra. According to a government tweet, the project cost $43.7 million to build, has a production capacity of a million tonnes annually, and created more than 250 new jobs. Falcon is a cement brand owned […]
The Iraq Britain Business Council (IBBC) held its biannual council meeting on Wednesday 8 July. The meeting was chaired by Bob Phillips (Mott MacDonald), member of IBBC's Executive Committee and was attended by over 30 IBBC member company's representatives. Following a discussion of the present situation in Iraq and the UK, led by IBBC's President Baroness […]
By John Lee. Iraq has reportedly partially reopened its southern Shalamcheh border crossing with Iran, more than three months after it was closed to help combat the spread of the coronavirus / COVID-19. According to Shafaaq, the crossing will open every Wednesday and Sunday from now on, but only for the trade of foodstuffs; it […]
KRG's Reform Programme Continues: government's operational expenditure system goes digital The Kurdistan Regional Government is this month rolling out a fully digitalised system to control operational expenditure. This important modernisation step - the result of detailed collaboration between various government bodies - will increase efficiency and reduce corruption by ensuring that all government day-to-day expenditure […]
By John Lee. Moody's Investors Service has said that Iraq's credit profile of Caa1 is supported by the country's "ba2" economic strength, reflecting, "the balance of strong growth potential associated with large natural resource endowment against low competitiveness and the significant loss of productive capacity and infrastructure after many years of armed conflict". More here. […]
By John Lee. GE Gas Power has reported that it has successfully completed services on four 9F.03 gas turbines, two steam turbines and six generators at Iraq's Besmaya Power Plant safely and on time, while continuing to execute wider operations and maintenance (O&M) works at the site despite the many challenges posed by the COVID-19 […]
By John Lee. Linxon has won an order of around $80 million to the Ministry of Electricity in Iraq for delivery of four turnkey 132/33 kV GIS substations. The contract forms part of the Electricity Sector Reconstruction Project (Phase 2) financed by Japan International Cooperation Agency (JICA). The delivery includes all needed equipment (High Voltage […]
By Safa Fadhil, Head of Exploration and Sundus Abass, Gender Advisor at UNDP Iraq. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. This year marks the 20th anniversary of the UN Security Council (UNSCR) Resolution 1325, which helps to ensure women are on the […]
You are invited to help IBBC and World Bank to introduce Iraqi SME's to FREE business training courses WHEN: 29th June, 6pm to 8pm Iraq time Please share this free business training initiative and the course registration with any SME in your network, however small, and encourage them to sign up. Arabic version for sharing with […]
Siemens Energy and the Iraqi Ministry of Electricity have signed a contract for the Al Hamudhia substation, which will provide reliable and efficient power supply to the cities of Ramadi, Fallujah, Saqlawyah, Khalediyah and surrounding areas in Al Anbar governorate, North West of Baghdad. Located about 20 kilometers away from Ramadi city, the turnkey 400- […]
From Al Jazeera. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Some of Iraq's most traditional craft works are at risk of vanishing, as a nationwide financial crisis hits home-grown industries. The government hopes prioritising the development of its private sector will help its […]
