Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. Iraq's Council of Ministers has approved direct contracting with Turkiye's Karpowership Group to enhance electricity supply during the high-demand summer period. The contracts will add 650 megawatts through the deployment of power ship. In a parallel move, the Cabinet also approved the launch of a Floating Storage Regasification Unit (FSRU) project for […]
By John Lee. The Iraq Development Fund has reportedly signed a memorandum of understanding with British firm Agrium Capital to establish Iraq's first modern infant formula production facility, with a planned capital expenditure exceeding $200 million. The plant, which will use locally sourced ingredients including Iraqi milk, is expected to meet 85 percent of the […]
By John Lee. ToolMart, an Iraqi-based e-commerce platform that sells tools and hardware products, has successfully closed its seed funding round led by Plus VC and Oasis500, along with prominent angel investors from across the region. The newly-secured capital will be used to accelerate the company's growth, expand its workforce, and scale operations into new markets […]
By John Lee. BB Energy has signed a Memorandum of Understanding (MoU) with Iraq's General Company for Carbon Economics (GCCE) during the country's inaugural Conference on Carbon Economics. The agreement outlines plans for collaboration between BB Energy's Renewable Energy Division and GCCE to implement projects aimed at offsetting carbon emissions and supporting environmental restoration in […]
By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani has officially opened the United Arab Company for Food Industries factories in Al-Mahmoudiya, south of Baghdad. The first phase includes pasta and noodle factories built on 20 percent of the 123-dunam [12 hectares; 30 acres] site, with an investment of 128 billion Iraqi dinars [$98 million]. […]
By John Lee. The Iraqi Council of Ministers has approved a request by the Ministry of Health to lift the ban on importing electronic cigarettes, electronic hookahs, and tobacco products, provided that all imports comply with the country's Anti-Smoking Law (No. 19 of 2012). Under the new policy, the Central Organization for Standardization and Quality […]
By John Lee. Iraq's Ministry of Planning held a joint meeting this week with the International Labour Organization (ILO) and representatives from several ministries to discuss public works initiatives aimed at implementing a sustainable afforestation project in Iraq. The meeting was chaired by Deputy Minister for Technical Affairs, Dr. Maher Hammad Johan. The discussions focused […]
Aya Nader for Raseef 22. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Make them pay: Iraq to consider taxing its highest polluters A draft proposal to amend Iraq's Environmental Protection and Improvement Law was submitted to parliament by the Ministry of Environment and […]
By Simon Watkins for OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. China Tightens Grip on Iraq's Energy Future with Massive Basra Megaproject China's Geo-Jade Petroleum has signed a swathe of major contracts that give Beijing control over Iraq's first fully integrated energy […]
By John Lee. In a strong show of support for Iraq's transformation, France hosted a high-level France-Iraq Business Forum in Paris, bringing together over 300 business leaders and decision-makers. Organised by Business France, the event aimed to reinforce bilateral economic ties and unlock long-term investment opportunities. Following the forum, key Iraqi institutions and French companies […]
By John Lee. The Iraqi Council of Ministers has approved key measures to advance major solar energy projects, reinforcing the country's push toward clean and sustainable power generation. Firstly, the cabinet approved a memorandum of understanding between the Ministry of Electricity and US-based UGT Renewables for the development of an integrated solar power project. The […]
By Tsvetana Paraskova for OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq Accelerates Solar Power Development OPEC's second-largest oil producer, Iraq, aims to accelerate solar power development with at least 1,000 small-sized projects over the next three years, a senior government official […]
