Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. Prime Minister Haider al-Abadi suspended Electricity Minister Qassim al-Fahdawi (pictured) on Sunday for what he described as the "poor performance of the sector". Protests against unemployment and poor public services turned violent earlier this month, with several protesters killed. Many areas of Iraq are struggling to cope with insufficient electricity supply during […]
By John Lee. The National Investment Commission (NIC) has announced new investment opportunities in Iraq: Sugar production, General Company for Food Products Tyre production, State Company for Rubber Industries and Tyres (Source: National Investment Commission) (Picture: Business opportunity word cloud, from ibreakstock/Shutterstock)
KRG Prime Minister Nechirvan Barzani received a delegation from the Kingdom of Saudi Arabia including President of the Chambers of Commerce of Saudi Arabia Dr. Sami bin Abdullah Al-Obaidi, Saudi Ambassador to Iraq Abdulaziz al-Shammari, Saudi Consul General to the Kurdistan Region Mansour Faisal al-Otaibi and a number of officials and members of Saudi Chambers […]
Kuwait has donated 17 mobile electric generators with a total capacity of 30,000 kilowatts to Iraq, the Undersecretary of the Kuwaiti Ministry of Electricity and Water, Mohammed Bushehri has announced. In a press statement, Bushehri said the donation came “to alleviate the electricity crisis in the Iraqi city of Basra”. “In the light of the […]
By John Lee. The National Investment Commission (NIC) has announced new investment opportunities in Iraq: Glass production, State Company for Glass and Refractories Overhead Cranes, State Company for Steel Industries Fallujah Cement Plant, Iraqi State Cement Company (Source: National Investment Commission) (Picture: Business opportunity word cloud, from ibreakstock/Shutterstock)
By John Lee. An Iraqi government block on internet access is reportedly costing the country $40 million per day in lost business, sales and opportunities. The estimate is from the COST tool, based on the Brookings Institution economic impact methodology for internet shutdowns, using data collected by the NetBlocks internet shutdown observatory in collaboration with […]
On August 10th, ten of Iraq’s best seed-stage startups will compete in Erbil to represent the country at the Seedstars Summit in Switzerland and win up to USD 1 million in equity investments and other prizes. The first Seedstars competition in Erbil is marked by the excitement and commitment of Seedstars and its partners in […]
Iraqi Electricity Minister Qassem Al-Fahdawi (pictured) said yesterday that his country has failed to convince Iran to resume supplying Iraq with electricity. Last Friday, Al-Fahdawi along with an Iraqi delegation arrived in Tehran where they held talks with Iranian officials to resume supplying Iraq with 1,000 megawatts of electricity, which Tehran cut off about two […]
By John Lee. Protestors took to the streets of Basra for the fourth day on Wednesday, protesting the killing of a demonstrator by security forces, and demanding jobs and public services. According to AFP, protesters also blocked the road leading to the oilfields of West Qurna, while international oil companies (IOCs) have reportedly moved senior […]
IBBC holds annual Cumberland Lodge Conference with Political, Academic, Education and Business Experts, 6-8 July The Iraq Britain Business Council hosted its annual Cumberland Lodge Retreat on 6-8 July, inviting a host of political, business, academic and education experts to discuss the most pertinent issues relating to Iraq and its future. The title of the […]
U.S. Senators Lindsey Graham, Jeanne Shaheen, and Elizabeth Warren visited Iraq July 1-4 to meet with senior Iraqi government and security officials and to observe Iraq’s stabilization efforts following the military defeat of ISIS. Senators Graham and Shaheen spent July 1-2 discussing Iraq’s cooperation with the Global Coalition to Defeat ISIS with U.S. and Iraqi […]
By John Lee. Iraq and the Kurdistan Regional Government (KRG) will reportedly soon unify customs duties to streamline the system and prevent the double taxation of the Kurdistan Region’s businessmen. According to Rudaw, Erbil and Baghdad have two different customs fees, causing disputes between the two aresa. They previously reached a preliminary agreement on unifying […]
