Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. The CEO of Germany's Siemens has said that US President Donald Trump would support his company's role in reconstruction projects in countries like Iraq. Joe Kaeser (pictured) made the comment to CNBC at the World Economic Forum (WEF) in Davos, Switzerland. Following a hotly-contested competition in 2018, it was agreed that Siemens […]
Iraqi government’s finance schemes to support SMEs and business innovation To support small and medium private-sector projects, the Iraqi government, through the Central Bank of Iraq (CBI) and with the participation of a number of private and state-owned banks, has made available several types of loans. The loans are available to all Iraqis. According to […]
By John Lee. Transparency International has said that Iraq's ranking has risen slightly in its global Corruption Perceptions Index (CPI). From a total of 180 countries, Iraq came in at number 162; last year's position was 168 out of 180 countries. This result puts it on equal ranking with Chad and Cambodia. Libya was ranked […]
KRG Prime Minister Masrour Barzani and Deputy Prime Minister Qubad Talabani chaired a meeting of the cabinet on Wednesday to discuss implementing best practice for the taxation system of the Kurdistan Region. The ministers reviewed an internal pilot project tasked with developing a new legal and auditing framework. The framework updates current auditing practices and […]
By John Lee. A recently established tote bag factory has reportedly created jobs for 25 women in the Kurdistan Region's Halabja. According to Rudaw, the initiative aims to promote alternatives to plastic, and is part of the "Green City Halabja" campaign, run by the NWE NGO and partially funded by the German Consulate and WADI […]
KRG cabinet discusses reform agenda and public-private partnerships KRG Prime Minister Masrour Barzani and Deputy Prime Minister Qubad Talabani on Wednesday chaired a meeting of the cabinet to discuss the Kurdistan Regional Government’s ambitious reform agenda and the implementation of public-private partnerships. Prime Minister Barzani welcomed the cabinet’s support for the government's reforms, which will […]
By Bryant Harris for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Senate Armed Services Chairman Inhofe endorses Iraq sanctions The Donald Trump administration is doubling down on its Iraq pressure campaign, threatening to impose devastating sanctions on the fragile country […]
By John Lee. Forty-five start-ups have presented their projects to a jury at a competition in Baghdad. They were selected from an initial list of 250 applicants, with a final 20 being chosen to participate in the Orange Corners incubation programme. Orange Corners Baghdad is an initiative of the Dutch Embassy in Baghdad, and is […]
The State Company for Petrochemical Industries has announces to all manufacturers and producers companies registered inside & outside of Iraq and all investor s to participate in below project according to the technical specification and commercial conditions which could be obtained from our company at Basra Khor Al-Zubair against non-refundable amount of (2,000,000) Iraqi diners […]
By David Pollock, for the Washington Institute for Near East Policy. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Eight Reasons Why the United States and Iraq Still Need Each Other The assassination of Qasem Soleimani has brought the tensions in U.S.-Iraqi relations to […]
Headquartered in the UK, Abacus Cambridge Partners, a leading consulting, technology, and outsourcing company, has announced a strategic partnership with Deep Engineering, a premier engineering company and a subsidiary of Joto Leading Group, to expand its presence in Northern Iraq by offering digital transformation solutions to the private and public sectors. Technology plays an increasingly […]
By John Lee. New Zealand-based Burger Fuel Group Limited (BFG) has advised the market that its Master Licensee in Iraq has closed its last remaining BurgerFuel store in Baghdad. In a statement, the company said: "Whilst Iraq did experience a period of stability a few years ago and two BurgerFuel restaurants were operating at one […]
