Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. Iraq-focussed startup incubator Five One Labs has issued its annual report for 2024. In Iraq, it implemented the first of five years of incubation and acceleration programming through our partnership with Orange Corners and began exploring new themes from digital skills building to climate change. Click here to download the report. (Source: […]
By John Lee. Iraq's Deputy Prime Minister and Foreign Minister, Fuad Hussein, met with Japan's Ambassador to Iraq, Akira Endo, at the Ministry's headquarters on 25th March to discuss strengthening bilateral relations. During the meeting, a Memorandum of Understanding (MoU) was signed for a Japanese grant project provided by Japan International Cooperation Agency (JICA), aimed […]
By John Lee. Iraq's Ambassador to the United States, H.E. Nazar Al-Khairallah, met with Steve Lutes, Vice President of the U.S. Chamber of Commerce and President of the U.S.-Iraq Business Council, along with his deputies, to discuss logistical preparations for an upcoming U.S. business delegation visit to Iraq. The delegation will include representatives from over […]
By John Lee. The management of the General Company for Ports of Iraq (GCPI) held an extensive meeting this week with representatives from the Ministry of Planning and consultancy firm KBR at the Ministry of Transport headquarters to discuss the transition to the operational phase of the Grand Faw Port. Dr. Farhan Al-Fartousi, Director General […]
By John Lee. Uganda is reportedly considering establishing a consulate in Iraq to better support its growing migrant workforce, which was estimated at 20,000 six years ago. According to New Vision, officials from Uganda's embassy in Tehran, led by Chargé D'Affaires Oscar Edule, reaffirmed this need during a session with Uganda's Parliament's Foreign Affairs Committee […]
By John Lee. Iraq's Minister of Finance, Taif Sami Mohammed, met with a representative from the German Agency for International Cooperation (Deutsche Gesellschaft für Internationale Zusammenarbeit, GIZ) on Wednesday to discuss strengthening bilateral cooperation in financial and technical sectors. The discussions focused on supporting development projects, achieving sustainable growth, and exchanging expertise to improve financial […]
By John Lee. Iraq's Ministry of Trade has reportedly announced plans to open 150 hypermarkets across Baghdad and the provinces as part of a five-year strategy. Lama Hashem Al-Moussawi, Director General of the General Company for Food Trade at the Ministry, told state-run Iraqi News Agency (INA) that 23 locations will be opened in 2025, […]
By John Lee. Iraq will implement the global transit system TIR from 1 April 2025, marking a significant step in enhancing logistics and international trade. According to state-run Iraqi News Agency (INA), the Border Ports Commission announced that the system will streamline cross-border transport, strengthening Iraq's position as a key trade hub in the Middle […]
By John Lee. Iraq's Prime Minister Mohammed S. Al-Sudani chaired a special meeting of the National Renewable Energy Team on Monday to review progress on the country's renewable energy strategy. The Prime Minister instructed that renewable energy projects officially launch by summer, urging the acceleration of procedures and private sector engagement. The National Renewable Energy […]
By John Lee. The German Liaison Office for Commerce & Industry in Iraq (AHK Iraq) has told Iraq Business News that trade between Germany and Iraq reached EUR 3.1 billion in 2024. This consisted of EUR 1.8 billion imported from Iraq into Germany, and EUR 1.3 billion from Germany to Iraq. Over four years, this […]
Deputy Prime Minister and Foreign Minister Mr. Fuad Hussein received a copy of the credentials of the new Ambassador of the United Kingdom of Great Britain and Northern Ireland to Iraq, Mr. Irfan Siddiq, at the Ministry's headquarters on Monday 24 March 2025. Minister Hussein welcomed the new Ambassador, and wished him success in his […]
By John Lee. Iraq's General Company for Iron and Steel has signed two major contracts in Basra under the patronage of Industry and Minerals Minister Khaled Battal Al-Najm: The first contract, signed with Al-Qaim United Company, involves the establishment of a sponge iron plant with an annual production capacity of one million tonnes. This project […]
