Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. Prime Minister Mohammed S. Al-Sudani chaired a meeting of the High Committee for Tax Reform on Wednesday, where he launched the Digital Tax Inquiry Service within the Ur e-Services Platform. The service enables citizens, businesses, and companies to electronically check their tax status with speed, accuracy, and transparency. It also resolves issues […]
The Ministry of Education of the Kurdistan Regional Government (KRG) has installed solar power systems in 81 schools across the governorates of Erbil, Slemani, Duhok, Halabja and Kirkuk. Saman Siwayli, spokesperson for the ministry, stated that the initiative aims to ensure schools have uninterrupted 24-hour electricity, eliminating reliance on power generators. To further expand the […]
By John Lee. Iraq's Supreme Council for Youth has launched "Mubadara Al-Khair" (Initiative of Goodness) programme to empower young entrepreneurs in agriculture, food security, livestock, and climate sectors. The initiative, directed by Prime Minister Mohammed S. Al-Sudani, includes: Providing loans to youth-led projects. Training and mentorship for participants. Support in acquiring modern equipment for agricultural […]
By Michael Knights, for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Make Iraq Independent of Iranian Energy By letting previous waivers expire, the United States can help Baghdad establish other suppliers and stand on its own […]
By John Lee. The Central Bank of Iraq (CBI) has reported a 5.4-percent increase in banking sector loans and advances in Q4 2024, reaching IQD 64.12 trillion [$49 billion], up from IQD 60.81 trillion in the same period of 2023. According to state-run Iraqi News Agency (INA), the CBI noted that this growth reflects improved […]
By John Lee. Prime Minister Mohammed S. Al-Sudani met with Branislav Žeželj, the Serbian Ambassador to Iraq, on Tuesday, to discuss bilateral relations and economic cooperation. During the meeting, the Prime Minister received an official invitation from the Serbian President to visit Belgrade, as well as an invitation for Iraq to participate in Expo 2027, […]
By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani met with PowerChina CEO Chen Guanfu and his delegation to review the company's ongoing energy projects in Iraq, including solar energy, combined cycle, and gas power plants. The discussions focused on expanding PowerChina's operations in line with the government's strategic energy diversification plans. The meeting also […]
By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani chaired a meeting of the National Team for Renewable Energy Projects and Energy Efficiency, where he reviewed plans to enhance clean energy production and improve energy efficiency across Iraq. The Prime Minister emphasized the critical role of solar power in reducing reliance on traditional fuels and […]
From United Nations Iraq. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Building Entrepreneurial Skills to Support MSMEs and Job Creation in Iraq The International Labour Organization (ILO) is strengthening the entrepreneurial ecosystem in Iraq by providing training to support micro, small, and medium-sized […]
By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani concluded his visit to Al-Muthanna Governorate, during which he launched and inaugurated several key projects across energy, housing, healthcare, infrastructure, and industry. Key Announcements: Energy Sector: Launched construction of the Samawa Gas Power Plant (250 MW) as an investment project. Approved the establishment of a new […]
By John Lee. Iraq's National Investment Commission (NIC) hosted a high-level delegation from China's Shanghai Environment Company [Shanghai SUS Environment] to discuss investment contract requirements for Iraq's first waste-to-energy power plant. The company, which holds the investment license for the project, aims to develop a high-efficiency incineration plant that will generate up to 100 MW […]
By John Lee. The United States and Iraq have agreed on the need for Iraq to become energy independent, and to quickly reopen the Iraq-Türkiye Pipeline (ITP), which can transport oil from Northern Iraq and Iraqi Kurdistan to the Turkish port of Ceyhan. In an announcement following US Secretary of State Marco Rubio's call with […]
