Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
In line with Iraq’s goal to improve the efficiency and availability of the country’s power plants, Siemens will provide inspection and upgrade services for two power generation units at Al-Sadder Power Plant. Located in Baghdad, the 600-megawatts (MW) facility is one of the country’s major power plants that currently supplies approximately 600,000 homes with power. […]
In May of this year, we reported claims that Iraq’s anti-corruption bodies were investigating the contract to operate the duty-free shops at Baghdad and Basra airports, following reports of corruption from Al-Ahad TV. According to a new report from Al-Ahad TV, and to documents recently received by Iraq Business News (see below), the Iraqi Parliament has […]
By John Lee. Greek ouzo has reportedly become extremely popular in Iraq in recent years, with imports increasing steadily. According to greekreporter.com, ouzo is now replacing Iraq’s popular arak, a transparent drink very similar to Greece’s ouzo or raki. Komotini-based company Distillery Winery of Thrace claims to have an 85-percent share of the Iraqi ouzo […]
By Fazel Hawramy for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Iraqi Kurds throw lifeline to Iranian Kurds as sanctions begin to bite As Washington tightens the screws on Iran with crippling sanctions to bring the ayatollahs to their knees, […]
According to a report from Rudaw, thousands of poor quality, overturned or water-damaged American cars have been imported to the Kurdistan Region over the past two years, due to the facilitations made by the KRG to car traders in a bid to increase revenues at customs points. Statistics produced by the ministry of trade and […]
By John Lee. Iraq's Ministry of Trade has recently granted a license to enable the establishment of 216 national companies, and 10 international company branches. According to an announcement from the Government of Iraq, the development is part of a strategy to support the private sector and create job opportunities. (Source: Government of Iraq)
By John Lee. Finland is preparing to reopen its embassy in Baghdad. Finland has not had Finnish diplomatic personnel in Baghdad since 1991. Since 2006, Finland’s official representative for Iraq has been a Roving Ambassador based in Helsinki. At present, 14 EU member states are permanently represented in Baghdad at an ambassadorial level. According to […]
UNDP support to the Commission of Integrity to fight corruption A technical study visit is currently being organized in Korea by the United Nations Development Programme (UNDP) with support from UNDP Seoul Policy Centre (USPC) for a high-ranking delegation from the Iraqi Integrity commission, to benefit from the Korea’s innovative, well tested-and-proven policy tools to […]
The Deputy Chairman of the Iraq Britain Business Council (IBBC), Rasmi Al Jabri, and Managing Director, Christophe Michels, hosted a dinner for members and guests at the Babylon Warwick Hotel in Baghdad on 29th August. Many representatives from member companies were in attendance, including the Chairman of Khudairi Group and the International Islamic Bank, the […]
Applications are now open for the Five One Labs Incubator in Sulaimani. The Startup Incubator is a three-month, full-time program for entrepreneurs looking to work intensively to launch their businesses. The program will run from mid-September through mid-December and will end with a Demo Day in December. More information here. (Source: Five One Labs)
Rotana Hotels has announced the appointment of Ramy Haykal (pictured) as Cluster General Manager of Erbil Rotana & Erbil Arjaan by Rotana. Ramy began his career with InterContinental Hotels Group in 1996 as the finance director for Middle East and Africa. As the new General Manager of Erbil Rotana and Erbil Arjaan by Rotana, Ramy […]
The Cabinet held its weekly regular meeting in Baghdad on Tuesday under the chairmanship of Prime Minister Haider Al-Abadi. At the meeting, it was decided to: direct the Ministry of Water Resources to deliver water for Basra province to a rate of 75 m3 / s and remove unauthorised structures on the rivers; direct the […]
