Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. EQIQ, a UAE-based venture capital fund, has unveiled its $1.5 million pre-seed investment in Boxy, which it says is Iraq's first AI-powered logistics aggregator. Boxy aims to unify over 1,500 last-mile couriers into a single intelligent platform, addressing the fragmented logistics landscape in Iraq. EQIQ says Boxy has demonstrated early product-market fit, […]
By John Lee. The City of Gold project in Baghdad, recently approved by Iraq's Minister of Trade and endorsed by the Ministerial Council for the Economy, has been hailed by the Trade and Economic Research Centre (TREC) as a transformational initiative that could significantly reshape the country's economic landscape. Dr. Mudhhir Mohammed Saleh, Financial Advisor […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani has inaugurated a 50-megawatt self-generation power station at the North Refinery in Salahuddin, designed to ensure uninterrupted electricity supply for refinery operations and reduce dependency on the national grid. The Prime Minister praised the efforts of the staff at the power station and the North Refineries Company […]
From Shafaq. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Cash culture dominates Iraq, reform efforts stall Officials estimated on Saturday that nearly 92 percent of Iraq's cash remains outside the banking system, making it one of the world's most cash-dependent economies. The full […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani has officially launched the first phase of the second Baiji Gas Power Station in Salahuddin province, a project that will add up to 1,014 megawatts to Iraq's power grid. Speaking at the launch event on Saturday, Al-Sudani reiterated that energy is the cornerstone of Iraq's comprehensive development […]
By John Lee. Ard almasalh has won a contract with the United Nations Office for Project Services (UNOPS) for "Supplying and Installing PV Modules for the Constructed Category IV Housing Units in Sinjar." The contract value was stated as $478,259 (Source: UNGM)
From the International Labour Organization (ILO): Study Visit for Knowledge Exchange on Public Works Programmes and Labour-Intensive Investment Approaches in Iraq As part of its ongoing efforts to promote decent employment and support sustainable local development, the International Labour Organization (ILO) organized a study visit to Erbil and Duhok governorates from 19 to 23 July […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Will China help Iraq revive nuclear aspirations? Amid rising regional tensions over the nuclear program of neighbouring Iran, the head of Iraq's Atomic Energy Commission (IAEC) has announced a highly symbolic and strategic […]
By Ahmed Tabaqchali for the Atlantic Council. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Beyond tariffs: Building a win-win relationship between the US and Iraq Iraq was among the countries that received a letter from US President Donald Trump on July 9th […]
By John Lee. The General Company for Ports of Iraq (GCPI) has launched a significant digital transformation by integrating what it describes as "advanced fifth-generation (5G) smart equipment" into its operational infrastructure, marking a major step toward full automation in Iraq's maritime sector. According to Director General Dr. Eng. Farhan Al-Fartousi, the company received a […]
By John Lee. Iraq's Minister of Industry and Minerals, Khaled Battal Al-Najm, chaired a meeting at the Ministry's headquarters to explore a potential partnership agreement with Saudi company Ajyal for the establishment of a petrochemical complex in Basra. The proposed complex would be built on the site of the State Company for Petrochemical Industries in […]
By John Lee. The General Company for Food Products, part of Iraq's Ministry of Industry and Minerals, has signed two public-private partnership agreements to rehabilitate and develop its starch and dextrin factory in Babil province and the Al-Ameen soap and detergents factory. According to Director General Eng. Haider Shwia Mazal, these partnerships aim to modernise […]
