Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
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 […]
By John Lee. Iraq's Minister of Industry and Minerals, Professor Khaled Battal Al-Najm, has instructed the development of modern, environmentally friendly cement plants in the Badoush and Hammam Al-Alil complexes in Nineveh province. These new facilities will replace outdated plants built in the 1950s that still use the wet process. During his visit to the […]
By John Lee. In a landmark move to protect Iraq's agricultural legacy and strengthen its food security, the foundation stone has been laid for the country's first-ever Gene/Seed Bank, located in Hawari Shar Park, Sulaymaniyah. The facility is being funded by the European Union (EU) and implemented by the Food and Agriculture Organization of the […]
By John Lee. The Council of the European Union has appointed Ralf Schröder (pictured) as the new head of mission for the European Union Advisory Mission in Iraq (EUAM Iraq). He will take up his duties on 16th August 2025. According to a statement: Ralf Schröder is a high-ranked German police officer with 30 years […]
