Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. UNDP estimates 20% of Iraq's public funds lost to corruption Up to 20 percent of Iraq's public funds have been lost to corruption, a United Nations Development Programme (UNDP) official in Iraq told Rudaw […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Zaidi gambles on anti-graft offensive, but will Washington be wooed? A sudden wave of arrests in recent days targeting Iraqi political elites over alleged corruption has animated local media and set off intense […]
By John Lee. The head of the Federal Commission of Integrity, Dr. Mohammed Ali Al-Lami, has stressed the importance of using parallel financial investigations as a tool for tracking the proceeds of corruption crimes and exposing their pathways. Speaking during a meeting with the Governor of the Central Bank of Iraq (CBI), Nizar Nasser Hussein, […]
By John Lee. The Central Criminal Court for Anti-Corruption has sentenced the former Director General of the General Authority for Taxes to 10 years in prison on money laundering charges, with his wife receiving a sentence of five years and one month. According to the Federal Commission of Integrity, the verdict, issued in the presence […]
From The New York Times. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. U.S. Resumes Dollar Transfers to Iraq After Monthslong Suspension The Trump administration had halted the shipments to Iraq as part of its efforts to pressure the Baghdad government to distance itself […]
By John Lee. Gulftainer has launched its first dedicated feeder service linking the UAE and Umm Qasr, seventeen years after the company established Iraq's first modern container terminal at the port in 2009. According to Gulftainer, the new service is operated under the company's shipping arm, GT Lines, and connects Umm Qasr directly to UAE […]
By John Lee. The General Company for Drug Industries and Medical Appliances in Samarra has begun operating Iraq's first production line for oral asthma inhalers, with an annual capacity of nine million units. According to the company, which falls under the Ministry of Industry and Minerals, the new line is based at its Baghdad plant […]
By John Lee. SANY, a Chinese manufacturer of construction and heavy equipment, is now officially available in Iraq through a partnership with Khoshnaw. The company's product range includes excavators, wheel loaders, cranes, road machinery, and concrete equipment. SANY equipment is used in more than 180 countries worldwide Products will be distributed in Iraq and the […]
By John Lee. Authorities in Iraq's western Al-Anbar province have begun construction of the country's first fully privately owned cement plant, a project expected to produce one million tonnes of cement annually and create at least 5,000 jobs. According to Shafaq News, construction on the Ramadi Cement Plant is currently 27-30 percent complete. The facility […]
By Dr. Sura Mawfaq Maqsoud, for the Al-Bayan Center for Planning and Studies. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Geo-Economic Competition and Regional Balance: The Development Road and Iraq-Iran Railway Link as a Model Amid various international interactions, a number of major […]
By John Lee. The General Company for Automotive and Equipment Industries, part of the Ministry of Industry and Minerals, has announced a project to armour-plate vehicles of various types, in partnership with private sector company Dera Al-Alamiya [Global Shield]. According to the Ministry, the project covers the armouring and plating of all types of civilian […]
By John Lee. Iraq's Foreign Minister, Fuad Hussein, met on Monday with Syrian President Ahmad Al-Sharaa at the People's Palace in Damascus. Syrian Foreign Minister Asaad Hassan Al-Shaibani was also present. According to the Iraqi Ministry of Foreign Affairs, the talks covered bilateral relations and avenues for expanding joint cooperation across various fields. The two […]
