Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. Both Germany's Siemens and US-based GE have signed deals with the Iraqi government on Sunday to provide major additional power generating capacity to Iraq. Following a hotly-contested competition, the two rivals are to share the work, with GE supplying 14 Gigawatts (GW), and Siemens 11 GW. (Sources: GE, Siemens)
GE (NYSE: GE) signed Principles of Cooperation (POC) with the Iraqi Ministry of Electricity to develop the country’s power sector. The plan is expected to generate up to 14 gigawatts (GW) of power, create up to 65,000 direct and indirect jobs, support the government to realize savings and recoverable losses of up to $3 billion […]
Siemens in landmark MoU to repower Iraq, support economic prosperity Siemens and the Ministry of Electricity of the Republic of Iraq have entered a milestone agreement to seek the implementation of the company’s roadmap for repowering Iraq. Signed by Qasim Al-Fahdawi, Minister of Electricity, and Joe Kaeser, President and CEO of Siemens AG, the Memorandum […]
By John Lee. A Turkish company has won a tender to supply and deliver Metallic Garbage Containers to the United Nations Office for Project Services (UNOPS) in Iraq. The contract with Ram Dis Ticaret A.S. is valued at $91,860. (Source: UNGM)
By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Arak distillery promotes ambitious new brand in defiance of alcohol ban Distiller Amer ad-Doumali launched “Arak Bashiqa” in September, a new brand of the Levant's traditional anise drink whose […]
By John Lee. The United Nations has advertised new positions in Iraqi Kurdistan: Logistics Coordinator, Première Urgence Internationale (PUI) Technical Project Engineer, IOM - International Organization for Migration Local Security Assistant, IOM - International Organization for Migration Project Officer (Enterprise Development Fund Management), IOM - International Organization for Migration Programme Coordinator (Economic Recovery), IOM - […]
By John Lee. Germany's Siemens may have to share a $15-billion contract to supply power-generation equipment to Iraq with US rival General Electric (GE). The Financial Times reports that although it appeared that Siemens would win the deal, the Trump administration successfully intervened on behalf of GE. Last month German business newspaper Handelsblatt reported that […]
Iraq Britain Business Council completes productive trade mission to Baghdad IBBC recently completed a productive mission to Baghdad, meeting with high-level government officials and British authorities in Iraq. Baroness Nicholson of Winterbourne, President of IBBC and the Prime Minister’s Trade Envoy to Iraq led the delegation alongside Mr Rasmi Al Jabri, Deputy Chairman of IBBC, […]
By John Lee. A Spanish company has won a tender to supply and deliver digital colour doppler ultrasound system to the International Atomic Energy Agency (IAEA) in Iraq. The value of the contract with Semitek Group - David Garcia Arribas has not be disclosed. (Source: UNGM)
By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. British Ambassador Jonathan Wilks warned at a press conference last month that, at its current rate of growth, Iraq's population would increase by a million people per year. Iraq's Central […]
The Al-Bayan Center for Planning and Studies has just published a new report by Hayder al-Khafaji on electricity generation in Iraq: Meeting energy needs in a manner that achieves security for Iraq has become a major source of concern for the electricity sector in the country; with the industry claiming that it lacks the capacity to […]
By Fehim Tastekin for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. While Turkey was eagerly anticipating a new government in Baghdad to sort out many problems with Iraq, a last minute decision by the outgoing prime minister has added a fresh item […]
