Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. The head of the Iraqi Civil Aviation Authority (ICAA), Bangen Rekani, who also serves as Minister of Construction, Housing, and Municipalities, has signed a contract with German company EMPIC GmbH, a specialist in digital software systems. The agreement aims to enhance the authority's regulatory and monitoring capabilities in the civil aviation sector […]
From the International Labour Organization (ILO): Iraq launches business registration guide to promote formalization and decent work The guide is a practical resource for entrepreneurs and micro, small, and medium-sized enterprises (MSMEs), offering a clear, step-by-step process to register their businesses. Iraq's Ministry of Trade, in cooperation with the International Labour Organization (ILO) and with […]
From OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Turkey Tightens Grip on Iraq's Energy Lifelines Turkey halted 600 MW of electricity exports into northern Iraq last week after Baghdad fell behind on payments, leaving Nineveh and Mosul short at peak summer demand. […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani attended the Iraq-Oman Business Forum in Salalah on Thursday, accompanied by his ministerial delegation. He praised the organisers, noting that the visit lays the groundwork for genuine cooperation between the two countries, following the signing of 24 memoranda of understanding and two agreements across multiple sectors. Al-Sudani […]
By John Lee. The Iraqi Cabinet has approved a mechanism to address the outstanding dues of companies investing in the electricity sector. The decision authorises the Trade Bank of Iraq (TBI) to take the necessary steps to purchase debts owed to investment companies against amounts due from the Ministry of Electricity. The State Oil Marketing […]
By John Lee. On Wednesday, Iraqi Prime Minister Mohammed Shia Al-Sudani sponsored the signing of two agreements and 24 Memoranda of Understanding (MoUs) with the Sultanate of Oman, in the presence of Deputy Prime Minister for Energy Affairs and Minister of Oil, Hayan Abdul-Ghani Al-Sawad. The MoUs covered multiple fields, including energy and oil. They […]
From the Iraq Britain Business Council (IBBC): IBBC and UAE-UK BC agree on mutual partnership arrangements. The UAE-UK Business Council and IBBC have agreed to partner each other on a mutual basis. The two organisations have overlapping memberships and very similar values and objectives, and are at heart, British in origin. The IBBC will be […]
By John Lee. The two-day Internet Governance Forum (IGF) Iraq 2025 concluded on Sunday, marking the country's first national forum held under the umbrella of the United Nations. The opening session, titled "Internet Governance in Iraq," was moderated by Laith Al-Jazaeri and featured Dr. Hayam Al-Yasiri, Minister of Communications, as guest speaker. Day two included […]
By John Lee. The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has imposed sanctions on a network of shipping companies and vessels led by Iraqi-Kittitian businessman Waleed al-Samarra'i, accused of smuggling Iranian oil disguised as Iraqi-origin crude. According to the Treasury, the network covertly blended Iranian oil with Iraqi oil and […]
By John Lee. Prime Minister Mohammed Shia' Al-Sudani met on Sunday with a group of businessmen and representatives of 17 Turkish companies from various sectors, in the presence of the Chairman of the National Investment Commission (NIC), the Executive Director of the Iraq Development Fund, several advisers, and the Turkish Ambassador to Iraq. The press […]
By John Lee. South Korea's Hyundai Everdigm has signed a contract for the provision of various firefighting and rescue vehicles, spare parts, and training services to Iraq's Ministry of Interior. The contract, valued at 135,280,288,000 KRW [$97 million], represents 38.09% of the company's most recent annual revenue of 355,118,376,929 KRW [$256 million]. It is set […]
By John Lee. Erbil-based SoftMax has won a contract with the International Labour Organization (ILO) for, "Business Process Re-engineering, Digital Transformation and IT System Development" The contract value was not disclosed. (Source: UNGM)
