Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
Jordan has announced its readiness to reopen the Trebil border crossing with Iraq. Ghaleb Zubi, Jordan’s Minister of Interior said "Jordan is keen to reopen the border with Iraq at any time." The Trebil Border Compound, also known as Karameh Border Crossing, connects the Jordanian town of Ruwaished to the Iraqi town of Trebil. "The […]
By Wassim Bassem for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Models dressed in clothes reminiscent of Iraq’s multicultural past walked among the imposing statues at the Iraqi Museum in an impressive show in July that celebrated the liberation of […]
Germany's Siemens has expanded an existing service agreement with KAR Group in Iraq to provide comprehensive operations and maintenance (O&M) for two newly added SSC5-2000E power plant units at the Khormala plant in the Kurdistan region. The 930-megawatt (MW) natural gas-fired power plant meets nearly 30 percent of the power demand targeted by the Kurdistan […]
By Lara Saeed, Managing Editor, Bite.Tech. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Over the course of the past year, the Iraqi startup ecosystem has been through tremendous development. Numerous startup events and boot camps have resulted in the early stages of an ecosystem. […]
By Hal Miran, Editor-in-Chief, Bite.Tech. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. TechHub has officially been launched, making the first tech startup coworking space in Iraq a reality. We have housed nine members so far, as well as numerous expert-led entrepreneurial workshops and events, […]
By John Lee. South Korean electronics maker LG Electronics has reportedly opened its largest overseas brand shop in Iraq. The two-floor shop covers 870 square meters in the main commercial district of Erbil. Around 200 government and media officials attended an opening ceremony, according to a report from Nation Multimedia. (Source: Nation Multimedia)
By John Lee. Saudi Arabia is reportedly planning to re-open the Arar [Ar'ar] border crossing with Iraq for the first time since 1990. Sohaib al-Rawi, the governor of Anbar province, is quoted as saying that the Iraqi government had deployed troops to protect the desert route leading to Arar and called its opening a "significant […]
On August 1, 2017, the Executive Board of the International Monetary Fund (IMF) concluded the 2017 Article IV consultation with Iraq. Iraq is facing a double shock arising from the conflict with ISIS and the plunge in oil prices. In 2016, real GDP increased by 11 percent owing to a 25 percent increase in oil production, which was […]
Hexagon Composites' subsidiary Hexagon Ragasco has received a new major order for LPG cylinders from Gas Filling Company (GFC) at a total value of around USD 15 million (approximately NOK 120 million). Deliveries are scheduled to commence in fourth quarter of 2017 and continue through first quarter of 2018. With this order, Iraq is expanding […]
By Omar Sattar for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. The Islamic State (IS) issued many decrees when it took over Mosul in 2014, including one that banned barbers. As one might imagine, with the recent liberation of the […]
The Hydraulic Industries State Company, which is part of the Ministry of Industry & Minerals, has invited domestic and foreign companies to invest in the construction of a production line for welding electrodes: "Those, who wish to participate are welcomed to visit the company in Baghdad – Al Saydia/ beside Al Dora bridge to submit […]
The Iraq Britain Business Council (IBBC) has held its first major networking event in Dubai, to accommodate the demand from its members, who operate from Dubai as a regional business hub. Vikas Handa, the IBBC UAE Representative said over the last few years UAE has emerged as the hub for companies doing business in Iraq, […]
