Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By Dr. Saad Mohsen Naji - Expert in Digital Economy | Vice President and Secretary General of Jordan's Iraqi Business Council. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. The Risks of Transitioning to AI-Powered Digital Administration: Iraq Between Aspiration and Reality In the […]
By John Lee. Netaj, an Iraqi platform for innovation and entrepreneurial support, has announced a series of strategic partnerships, "aimed at enabling thousands of Iraqi youth to enter the e-commerce space with the tools and support they need to succeed." Among the most notable collaborations is one with Haeiz, which it describes as a leading […]
By John Lee. On 12 July 2025, the United Nations Institute for Training and Research (UNITAR) welcomed 524 young participants from Egypt, Iraq, and Lebanon to the Japan-funded "RISE LAB: Igniting Youth Potential through Entrepreneurship, Innovation, and Economic Resilience" training programme. Designed as a multi-phase approach, this programme aims to empower motivated entrepreneurs and leaders, both men and […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani officially opened the new Ramada Plaza tourist hotel in Mosul on Wednesday, marking a key investment by the private sector in Nineveh province. Located on the western bank of the Tigris River, the Ramada Plaza hotel features 148 rooms and suites, a variety of restaurants, four modern […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani has inaugurated the construction of the Qayara [Qayyarah] Combined-Cycle Power Station, which will add 375 megawatts (MW) of capacity and raise the station's total output to 1,125 MW. The Prime Minister highlighted the importance of combined-cycle systems in improving electricity generation efficiency. He said the government's strategy […]
By John Lee. In a follow-up to last week's report on the state of the Iraqi economy, the International Monetary Fund (IMF) has issued a more comprehensive 64-page report on its findings. The full document package includes: A Press Release. The Staff Report prepared by a staff team of the IMF for the Executive Board's […]
By John Lee. US-based KBR has been awarded a front-end engineering design (FEED) contract by KAR Electrical Power Production Trading FZE (KEPPT) for the development of a major fertilizer facility in Basra, Iraq. The project includes a 2,300 metric tonnes per day (MTPD) ammonia production unit and a 3,850 MTPD urea production unit. The FEED will […]
By John Lee. The General Company for Land Transport (GCLT), part of Iraq's Ministry of Transport, has announced that it transported 415,000 tonnes of goods during the first half of 2025 - an increase of more than 36 percent compared to the same period in 2024. According to Director General Murtadha Kareem Al-Shahmani, the company […]
By John Lee. GE Verona, in consortium with GE Global, General Electric Global Services, Ontex Trading, and Calik Enerji, has been awarded the contract for the expansion of the Mansuriya gas power plant. The project involves adding two gas turbines and a combined-cycle system, with a total capacity of 750 megawatts (MW). The Iraqi Cabinet […]
By John Lee. The General Company for Ports of Iraq (GCPI) has reported a significant rise in maritime cargo throughput during the first half of 2025, with over 1,500 ships received across four major commercial ports, according to Director General Dr. Farhan Al-Fartousi. A total of 1,522 vessels docked at Umm Qasr North, Umm Qasr […]
By John Lee. The MENA Fintech Association (MFTA) has launched its Iraq Chapter, according to a report from Arqam. It says it has appointed Iraqi-Canadian entrepreneur Bahaa Abdul Hadi, co-founder of International Smart Card (ISC) and architect of Iraq's Qi Card biometric payment solution, as the Chairperson. "The future of Iraq is digital, and fintech […]
By John Lee. In a follow-up to last week's report on the state of the Iraqi economy, the International Monetary Fund (IMF) has issued a new 19-page report titled: "Unlocking Iraq's economic potential: The role of structural reforms in boosting medium-term non-oil growth." Click here to download the full report. To browse our comprehensive library […]
