Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. Prime Minister Ali al-Zaidi has met with the Patriarch of the Chaldean Church in Iraq and the World, Patriarch Mar Louis III Sako [Mar Bulus III Nona], along with a delegation that included the Archbishop of the Chaldean Diocese of Erbil, Bishop Bashar Matti Warda, and a number of Christian clergy. According […]
By James Durso, for The Hill. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. A New Era of Partnership with Iraq Next week's Washington visit by Iraq's new prime minister, Ali al-Zaidi, offers an opportunity to reset expectations about the U.S.-Iraq relationship. ... Today, […]
By John Lee. Iraq's Prime Minister, Ali al-Zaidi, met on Thursday with Turkey's Minister of Energy and Natural Resources, Alparslan Bayraktar, to discuss bilateral cooperation across a range of sectors. The Iraqi government's media office reported that talks covered energy, oil and gas, electricity, agriculture, and regional connectivity. During the meeting, Ali al-Zaidi highlighted plans […]
By John Lee. Iraq's Supreme Judicial Council (SJC) has issued a clarification on ongoing proceedings related to a large-scale tax deposit fraud case, detailing convictions, asset seizures, and efforts to recover public funds. According to the SJC, foreign companies operating in Iraq are required to deposit five percent of a project's value with the General […]
By John Lee. Iraqi Airways has taken delivery of its first LEAP-1B spare engine for its Boeing 737 MAX fleet. A second spare engine is expected to arrive in August. According to the Ministry of Transport, Manaf Abd al-Mun'im, Director General of the airline, said the delivery runs in parallel with efforts overseen by Transport […]
By John Lee. Iraq's first commercial Tier III data centre is under construction in Baghdad, with France's Schneider Electric named as the technology partner responsible for its power and cooling infrastructure. The facility is being developed by T964, a technology and connectivity investment group, and is scheduled to open by the end of 2026. According […]
From Shafaq. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq drops $280M vehicle deal over inflated costs Iraq's Ministry of Defence has suspended the purchase of 800 cargo trucks after a review identified a $160 million price gap, a source familiar with the […]
By John Lee. Iraq's prime minister has pledged to pursue corruption cases without exception, seek a fairer OPEC production quota, and announce a political and economic partnership with the United States, in a wide-ranging interview broadcast on Al Arabiya. Ali al-Zaidi told Al Arabiya that anti-corruption efforts would be pursued without regard to sectarian, ethnic, […]
By John Lee. Iraq's Ministry of Planning held the seventh meeting on Tuesday of the committee overseeing preparations for the Fourth Arab Summit for Entrepreneurship, which is due to be hosted in Iraq in November. According to the Ministry of Planning, the meeting was chaired by Deputy Minister of Planning for Technical Affairs Dr. Maher […]
By Mujab Salaheddine, for OCCRP. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq Intensifies Anti-Graft Drive with Dozens of High-Profile Arrests, Asset Seizures While the government's latest crackdown resulting in the arrest of top officials and the seizure of millions has won praise, […]
By John Lee. KAR Electrical Power Plant Production Trading FZE (KEPPT) has engaged JP Morgan to arrange development financing for a $1.6 billion urea plant in Basra. According to a statement from KEPPT, the company will work with the bank to progress financing for the project in conjunction with several leading export credit agencies. The […]
By John Lee. Iraq's Ministry of Planning has held talks with Germany's Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) on preparing a proposed strategic project to support the transition in Iraq's electricity and renewable energy sector. According to a statement from the Ministry, the project, which remains under study, aims to develop sector policies, improve energy […]
