Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. The Arar border crossing between Saudi Arabia and Iraq will reportedly officially reopen in October. It was closed in 1990 following Iraq’s invasion of Kuwait. According to Gulf News, some pilgrims are currently being allowed to pass through the crossing to participate in next month’s Haj. (Source: Gulf News)
NIC Chairman: Iraq is an Attractive Environment for Power Sector National Investment Commission (NIC) Chairman, Dr. Sami Al-Araji assured, during a word he delivered in Powering Iraq Conference held in Baghdad July.10.19 that Iraq is an attractive environment for capitals in various economic sectors and at the top stands the power sector and that investment […]
Joint statement by HR/VP Mogherini and Iraqi Foreign Minister Alhakim on the EU-Iraq relations and regional cooperation The European Union and Iraq strongly affirm their shared commitment to peace and stability in the wider Middle East and call for the de-escalation of the current tensions in the region, reminding that the risks and the consequences may affect Iraq, the region and beyond. […]
By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Iran grants additional visas to Iraqis to boost its economy In light of the US sanctions and the exit of foreign companies from Iran, Tehran is seeking to boost its income and […]
JICA (Japan) and UNDP Partnership Agreement to Accelerate the Projects for Socio-Economic Development in Iraq Japan International Cooperation Agency (JICA) and UNDP announced a renewed agreement and commemorated the 10th anniversary for their partnership to accelerate the implementation of socio-economic infrastructure projects in Iraq to improve the economic recovery and living condition of Iraqi people […]
By John Lee. The Iraqi Cabinet held its regular meeting in Baghdad on Tuesday under the chairmanship of Prime Minister, Adil Abd Al-Mahdi, at which it discussed a series of recommendations by the Ministerial Committee for Energy regarding a number of strategic projects aimed at increasing Iraq’s oil production and exporting capacities. The Cabinet approved […]
By John Lee. The Iraq Britain Business Council (IBBC) has announced that it has established a Health Sector Table. This Table will be chaired by Professor David Kerr, Rhodes Professor of Clinical Pharmacology and Cancer Therapeutics, and Head of Department of Clinical Pharmacology at Oxford University. It is being supported by the Iraqi Minister of […]
Germany's Siemens has received an order to supply the key components and long-term power generation services for the 840-megawatt (MW) Maisan combined cycle power plant in Iraq. CITIC Construction Co., Ltd., the Chinese engineering procurement and construction firm building the plant, and Iraqi developer MPC, part of Raban Al-Safina for Energy Projects (RASEP) awarded the […]
By John Lee. The World Bank will reportedly lend a total of $200 million to Iraq for upgrades to its electricity grid. According to Basnews, the agreement was signed by Finance Minister Fuad Hussein and Yara Salim, a representative to the World Bank. "There will be attempts to address the problem of power supply in […]
By Fehim Tastekin for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Turkish exporters are reeling from an unprecedented blow in trade with Iraq that has splashed cold water on Ankara’s hopes to launch a second border crossing with its southern neighbor and boost bilateral trade […]
By John Lee. The Cabinet held its regular meeting in Baghdad on Tuesday under the chairmanship of Prime Minister, Adil Abd Al-Mahdi. The Cabinet approved a series of recommendations from the Ministerial Economic Council to support the growth of Iraq’s cement industry and to ensure that production capacity continues to meet domestic demand. No details […]
By John Lee. The Iraqi government has issued a report on the implementation of its 2018-2022 programme. The report covers the period from October 2018, when the government came to office, to April 2019, providing an overview of what has been implemented from the government programme, identifying obstacles that may impede the completion of several […]
