Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. The International Monetary Fund (IMF) has revised its forecast for GDP growth in Iraq upwards, and its forecast for inflation downwards. According to its latest World Economic Outlook, real GDP is expected to grow by 0.5 percent this year (up from a fall of 0.2 percent estimated in April), and 3.6 percent […]
By John Lee. Iraq's Ministry of Planning held an expanded meeting on last week with experts and consultants from KBR to discuss the implementation of the second phase of Iraq's Comprehensive Economic Plan [Vision 2050], a national vision extending to 2050 aimed at establishing a diversified and sustainable economy to drive the country's development. The […]
By John Lee. US resident Donald Trump has announced that Mark Savaya will serve as Special Envoy to the Republic of Iraq. Trump said that Savaya's deep understanding of the Iraq-U.S. relationship, and his connections in the region, will help advance the interests of the American people. Savaya was a key player in Trump's campaign […]
By John Lee. Prime Minister Mohammed Shiaa Al-Sudani has announced that 4th March will officially be recognised as National Entrepreneurship Day in Iraq. The declaration was made during the opening of the second "Riyada" (Entrepreneurship) Conference and Exhibition in Baghdad on Saturday. Al-Sudani praised the "Riyada" initiative as a key element of his government's economic […]
By John Lee. The Ministry of Electricity has announced the signing of a contract for the implementation of the Al-Faw Gas Power Plant project in Basra - the largest investment-based gas-fired station in southern Iraq. The 3,000-megawatt combined-cycle plant will be built by GE and will include four gas turbines and two steam units. It […]
By John Lee. IVECO and Machine Technology Trading Co. (MTT), through EuroMT Srl bodybuilder, have begun delivering 20 Eurocargo ML180E28 4x2 firefighting trucks to Iraq's Directorate of Civil Defense - the first of their kind to enter the country. Each vehicle is equipped with a EuroMT Srl 10,000-litre water tank and a flexible firefighting pump […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq braces for knock-on effects as UN sanctions on Iran return The "snapback" of UN sanctions on Iran is triggering widespread anxiety in Iraq about impending economic consequences. Observers warn that the fallout […]
By John Lee. Canon Co. for Trading of Computer and Electronic Supplies Ltd. has won a contract with the United Nations Office for Project Services (UNOPS) for "Supply of IT Equipment." The contract value was stated as $27,190. (Source: UNGM)
By John Lee. Prime Minister Mohammed Shiaa Al-Sudani met in Baghdad on Wednesday with the Swiss Ambassador to Iraq, Daniel Hunn, and the Swedish Ambassador, Jörgen Lindström, accompanied by senior representatives from Linxon, including its Executive Director and the company's Head for Asia and the Middle East. The Prime Minister welcomed the presence of international, […]
By John Lee. Dear Tech Company has won a contract with the United Nations Development Programme (UNDP) for the "Supply of goods for donation STRIVE Juvenile project in Baghdad." Contract value is stated as $53,983.29. (Source: UNGM)
By John Lee. Pakistan's Citi Pharma has said it has not made a decision regarding the establishment of a pharmaceutical manufacturing facility in Iraq. In a statement to the Pakistan Stock Exchange (PSX) on Thursday, the company blamed social media for spreading inaccurate information, and said it had only recently become aware of the reports. […]
From the Iraq Britain Business Council (IBBC): IBBC Autumn conference 'Gateway to Iraq' Basrah is the physical and symbolic gateway to Iraq, with ports for export and import and the impressive massive new Al Faw port, with links into Iraq. There are plans to build freeports for businesses and communities along the development road to […]
