Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. Iraq's Minister of Industry and Minerals, Khaled Battal Al-Najm, laid the foundation stone for a new nitrogen fertiliser plant in Abu Al-Khasib, Basra, on Sunday, marking the revival of production after more than 40 years. The plant, with an annual capacity of one million tonnes, will be developed at a cost of […]
By John Lee. Iraq's Minister of Industry and Minerals, Khaled Battal Al-Najm, has laid the foundation stone for a sponge iron plant in Basra. The plant, belonging to the General Company for Iron and Steel, will have a production capacity of one million tonnes per year. The project aims to ensure a steady supply of […]
By John Lee. Construction has started on the Waste-to-Energy Power Plant Project in Al-Nahrawan, Baghdad. With a capacity of 100 megawatts, the plant will use high-efficiency complete combustion technology, according to a statement from the Media Office of the Prime Minister. Iraq's Council of Ministers approved the project in February, awarding it to the Chinese […]
By John Lee. icetana Limited (ASX:ICE) has announced its first contract in Iraq, securing a US$1.09 million deal with HTE Electronics Trading LLC, the Dubai-based subsidiary of Al-Technologia Al-Alia Co. for General Trading Ltd (High Tech). The company describes itself as, "a global SaaS software company providing video analytics technology designed to identify abnormal events […]
By John Lee. Dar Al Omran Rasem Badran (DAO-Badran) has unveiled its latest architectural project in Iraq. Developed in partnership with Al Ghadeer and BMC, Budoor Al-Najaf seeks to establish a human-centred, culturally integrated and environmentally resilient community in Najaf. Spanning approximately 50 hectares [123 acres], the development will house more than 1,400 homes available […]
By John Lee. The Republic of Iraq has responded to a petition from American defense contractor Wye Oak Technology, which had petitioned the U.S. Supreme Court to review its long-running legal dispute with Iraq. The case stems from a ruling by the U.S. Court of Appeals for the District of Columbia Circuit in July 2024, […]
By John Lee. Iraq's Prime Minister Mohammed S. Al-Sudani has announced the launch of 14 infrastructure and rehabilitation projects in Sinjar and the Nineveh Plains, with a total budget of 18 billion IQD [$13.7 million]. These projects aim to rebuild roads and key infrastructure, supporting the return of internally displaced persons (IDPs). Funded by the […]
By John Lee. Qi won the LEAP Genesys Award after partnering with Customer Experience Ltd, the implementation partner of US-based Genesys Cloud CX. The agreement integrates AI-powered Genesys Cloud CX into Qi's customer care system, enhancing customer service and employee engagement. The signing ceremony took place in Dubai Media City, with Qi CEO Ali Muneam […]
By John Lee. The Iraqi Prime Minister has expressed Iraq's interest in joining the International Solar Alliance (ISA). Mohammed S. Al-Sudani made the comment in a statement following a meeting with India's newly appointed Ambassador to Iraq, Sumin Baghchi. The ISA, headquartered in India, describes itself as a collaborative initiative between India and France aimed […]
By John Lee. Spanish fashion retail chain Inditex has said it will launch its first stores in Iraq this year. The announcement in the Group's FY 2024 results is part of a general worldwide expansion. Inditex did not specify which brands will be introduced to Iraq, but the group includes Zara, Bershka, Massimo Dutti, Oysho, […]
By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani met with India's newly appointed Ambassador to Iraq, Sumin Baghchi, to discuss bilateral relations and economic collaboration. Al-Sudani emphasized Iraq's commitment to strengthening ties with India, proposing the establishment of an Iraq-India Economic Cooperation Council and the activation of the Iraq-India Business Council. He also invited […]
By John Lee. The German Embassy in Iraq has confirmed that trade between Germany and Iraq reached €1.7 billion in 2024, with a 10% growth in German exports over four years. Roland Westebbe, Deputy Director of the German Embassy Mission in Iraq, stated that Germany aims to expand its trade relations with Iraq, viewing it […]
