Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. Real GDP in Iraq is expected to fall by 8.9 percent this year, according to the World Bank's latest Global Economic Prospects report. This represents a significant reduction on the previous forecast of 4.4 percent growth, issued one year ago. The report says: "The sharp slowdowns projected for Iraq, Kuwait, and Qatar will be […]
By John Lee. Two economic meetings have taken place in Paris between a delegation of Iraqi companies and representatives of the French employers' association Mouvement des Enterprises de France (MEDEF) and the Organisation for Economic Co-operation and Development (OECD), aimed at strengthening trade and investment ties between Iraq's private sector and its French and international […]
By John Lee. According to the Ministry of Electricity, current electricity generation has reached around 22,000 megawatts, with governorate allocations calculated based on net generation after accounting for exemptions including government hospitals, water stations, losses, loads and auxiliary equipment. The ministry said allocations are distributed according to approved percentages set by the Higher Coordination Committee […]
By John Lee. Uzbekistan Prime Minister Abdullah Aripov received Iraqi Minister of Trade Dr Mustafa Nizar Al-Aani in Tashkent during Iraq's participation in the Fifth Tashkent International Investment Forum. According to the Ministry of Trade, Aripov confirmed Uzbekistan's interest in expanding economic and trade relations with Iraq, including completing procedures to establish the Joint Trade […]
By John Lee. Iraq has prevailed in an international arbitration case brought by Orange against the Republic of Iraq and the Communications and Media Commission (CMC), with all of the company's claims dismissed by the International Center for Settlement of Investment Disputes (ICSID). The Ministry of Justice said the outcome was the result of sustained […]
By John Lee. A reconstruction and investment dialogue has been held in Baghdad to discuss future development priorities and investment opportunities for the capital. The meeting was convened by the French Iraqi Business Council (IFBC) at the headquarters of Baghdad Mayoralty and hosted by Baghdad Mayor H.E. Eng. Ammar Mousa Kadhim. The delegation was led […]
By John Lee. Iraq and Australia have discussed expanding cooperation in the financial and banking sectors, with a focus on economic reform, development, and knowledge-sharing. During a meeting in Baghdad, Finance Minister Faleh Al-Sari and Australian Ambassador Glenn Miles reviewed opportunities to strengthen economic relations between the two countries. The discussions covered a range of […]
9By John Lee. The Federal Commission of Integrity has issued a statement clarifying the background to a criminal complaint before the Central Anti-Corruption Criminal Court against a sitting member of the Iraqi Council of Representatives. According to the Federal Commission of Integrity, the unnamed MP is alleged to have extorted the owner of a residential […]
By John Lee. The Jordan Chamber of Industry (JCI) and an economic delegation from the Kurdistan Region of Iraq met on Tuesday to discuss ways to organise reciprocal visits for businesspeople and investors to explore investment opportunities and build sustainable partnerships. According to Jordan's state-run Petra news agency, the talks, held at the JCI's headquarters […]
By John Lee. The second session of Iraq's Financial Stability Council was held on Wednesday, chaired by Prime Minister Ali al-Zaidi. According to the Prime Minister's Office, the meeting covered the council's general operational frameworks and the mechanisms for implementing financial and monetary plans and strategies. Participants also discussed ways to stimulate various economic sectors […]
By John Lee. According to Iraq's Ministry of Finance, the third phase of the ASYCUDA (Automated System for Customs Data) customs management system is set to be launched at the start of next month, following a progress review meeting chaired by Finance Minister Falah Sari on Wednesday. The meeting was attended by the Director General […]
Yango Play, the global digital entertainment platform, has officially launched in Iraq through a strategic partnership with 1001, the country's leading streaming platform. This agreement grants 1001 exclusive B2B distribution rights for Yango Play in the Iraqi market, significantly expanding access to premium entertainment. Through this collaboration, Yango Play's extensive library of movies, series, and […]
