Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
The University of Karbala produces locally made hand sanitizer and disinfectant for health facilities, in first of its kind UNICEF-supported project In the first of its kind project since the corona virus outbreak, graduate students in the pharmaceutical department of the University of Karbala have produced 14,500 locally made hand sanitizers and 10,000 large products […]
Iranian Foreign Minister Mohammad Javad Zarif and Iraqi President Barham Salih weighed plans for the development of the economic and trade ties between the two countries. Zarif met with President Salih in Baghdad on Sunday for talks on a range of issues. In the gathering, Zarif and Salih highlighted the age-old and historic relations between […]
This article has been originally published in the GIZ magazine 'akzente' at https://akzente.giz.de/en/artikel/iraqs-digital-innovators. It is reprinted here by kind permission of GIZ. A new generation of young Iraqi entrepreneurs are confronting the country's challenges, even during the coronavirus pandemic. Text und Fotos: Olivia Cuthbert The streets are eerily silent in Mosul's old city. A fierce […]
By Elizabeth Hagedorn for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. US squeezes Islamic State's cash flow with new sanctions The United States and six other countries imposed fresh sanctions today on half a dozen targets accused of helping fund […]
By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Virus survivors rake in cash for plasma on Iraq's black market For five days, Qusay al-Zaidi searched for a recovered coronavirus patient to give him plasma for use in the treatment of his […]
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 […]
