Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. Iraq's delegation concluded its meetings with the International Monetary Fund (IMF) in Amman (February 24-26), with participants including Minister of Finance Taif Sami and the Governor of the Central Bank of Iraq (CBI). Discussions focused on Iraq's economic performance and sustainable growth prospects, with the IMF acknowledging the progress made. Key discussions […]
By John Lee. Iraq's National Investment Commission (NIC) has granted its first solar power investment license for a 1,000 MW project to France's TotalEnergies, marking what it described as a major step in the country's transition to renewable energy. NIC Chairman Dr Haider Mohammed Makiyya [Makia] confirmed that construction work has begun at the Ratawi […]
By John Lee. Dubai-based facilities management (FM) company EFS Group has commenced operations in Iraq. According to a LinkedIn post from Regional Country Director Kamal Zahran, the company is tapping into Iraq's extraordinary potential for facilities management. "As an early entrant, we are proud to be part of this dynamic industry landscape," he said. Vice Chairman […]
By John Lee. The National Team for Renewable Energy Projects and Energy Efficiency at the Iraqi Prime Minister's Office has invited "specialized companies in the field of solar energy project implementation" to participate in a conference. The conference will take place at the Training and Energy Research Directorate of the Ministry of Electricity on Thursday, […]
By John Lee. Prime Minister Mohammed S. Al-Sudani has inaugurated the new "Hydrogen" Pharmaceutical Plant in Karbala Governorate, specializing in the production of cancer treatment medications. The state-of-the-art facility is part of the government's strategic initiative to localize pharmaceutical production, positioning Iraq as a regional leader in the manufacturing of complex medications at affordable costs. […]
By John Lee. Iraq's Council of Ministers has approved the establishment of the National Mobile Telecommunications Company (NMTC), which will operate Iraq's 5G national license in cooperation with UK's Vodafone Group. The initiative aims to develop the telecommunications sector, maximize revenues, and implement the government program. The new company will be a private limited entity […]
By John Lee. Prime Minister Mohammed S. Al-Sudani has remotely inaugurated the Al-Dhawari Iron and Steel Factory in Sulaiman Bek, Salah al-Din Governorate, marking a significant advancement in Iraq's industrial capacity. The private sector project represents a successful model for industrial development in Iraq, with the Prime Minister highlighting its importance amid rising construction activity […]
By John Lee. US National Security Advisor Mike Waltz held a call with Iraqi Prime Minister Mohammed S. Al-Sudani on Sunday, reaffirming Washington's commitment to strengthening bilateral relations with Baghdad. Mr. Waltz extended Ramadan greetings and expressed concern over recent flooding in Baghdad. Discussions focused on economic cooperation, with Prime Minister Al-Sudani outlining his government's […]
By John Lee. Transformers & Rectifiers (India) Ltd (TARIL) has announced that it has won a contract to supply Iraq's Al Sabha Group with electrical transformers. The contract value was not stated, but combined with another contract to supply an Australian company, the total value is 78 Crore Rupees [$8.9 million]. (Source: TARIL)
By John Lee. Ambassador Mohammed Hussein Bahr Aluloom, Undersecretary of the Iraqi Foreign Ministry for Bilateral Relations, met in Helsinki with Jarno Syrjälä, Under-Secretary of State for International Trade of Finland, to discuss ways to enhance economic, trade, and investment cooperation between the two countries. Ambassador Bahr Aluloom highlighted Iraq's economic progress, emphasizing security stability […]
From the Iraq Britain Business Council (IBBC): Now Available in Arabic: Professor Frank Gunter's Report "Is Iraq Business Ready?" The Iraq Britain Business Council (IBBC) is pleased to announce the release of the Arabic version of Professor Frank Gunter's report, which was presented at the IBBC Baghdad Conference on 17 February 2025. Titled "Is Iraq […]
By John Lee. The Central Bank of Iraq (CBI) has announced a new initiative to support clean energy solutions, aligning with global sustainability efforts and the environmental policies of central banks worldwide. As part of its renewable energy initiative, CBI will offer low-interest loans to local brick factories, enabling them to switch from high-pollution fuel […]
