Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani held meetings with representatives of Aero Vodochody, a Czech aircraft manufacturer, and UNIS, a company specializing in oil, gas processing, and petrochemical industries, during his official visit to the Czech Republic. Discussions centered on enhancing cooperation and establishing integrated partnerships with specialized international firms to strengthen […]
Gulfood 2025 30th Edition Kicks Off Today, Setting New Benchmarks in F&B Growth and Innovation H.E. Abdulla Bin Touq Al Marri, UAE Minister of Economy, to give keynote address Global F&B CEOs, policymakers, investors, visionaries and academics unite across inaugural Food500 Summit to explore a new era of F&B leadership Milestone instalment brings 21-Michelin star […]
By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani met with a delegation from CLAAS, a leading German manufacturer of agricultural equipment, on the sidelines of the 61st Munich Security Conference. Al-Sudani praised CLAAS for its successful operations in Iraq, noting the trust the company has built among Iraqi farmers due to the durability and […]
By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani met on Friday with Marc Siewert, CEO of Berlin-based Veridos, on the sidelines of the 61st Munich Security Conference (MSC). Discussions focused on strengthening cooperation with Veridos, a global leader in secure passport and national ID card production, particularly through its manufacturing facility in Baghdad, which […]
By John Lee. The Basra Gateway Terminal (BGT) at Umm Qasr has commissioned a new Gottwald ESP.8 mobile harbour crane from Finnish company Konecranes. With a 125-ton lifting capacity and a 54-meter boom, the crane can serve vessels up to post-Panamax class, according to a statement from International Container Terminal Services, Inc (ICTSI). Photo shows […]
From Kurdistan24. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq, Syria set to resume trade with new joint border crossing Hassan Sheikh, chairman of the Iraqi-Syrian Commerce Council, confirmed that Iraq has finalized its preparations and requested Syria to implement the necessary border […]
By John Lee. Iraq's Council of Ministers has approved a 40% additional customs duty on imported PET rolls made from polyethylene granules, used in the production of single-use water cups, food containers, and transparent storage products. The measure will be in effect for four years without reduction, with market conditions under review. Key Measures: Customs […]
By John Lee. The Iraqi Ministry of Industry and Minerals has secured government approval to establish a fully integrated phosphate fertilizer complex in Anbar and a sponge iron plant in Basra, marking what it describes as a major step in reviving the country's strategic industries. According to a ministry statement, the Higher Committee for Reconstruction […]
By Jon Wilks CMG, Former UK Ambassador to Iraq, for the Iraq Britain Business Council (IBBC): British business heightened interest in Iraq following visit of Prime Minister Al Sudani to London Iraq in 2025 continues a steady and sustained recovery based on greater stability, strong oil revenues, staying out of regional conflicts and accelerating reconstruction. […]
By John Lee. Standard Chartered has successfully arranged a $95-million term loan for the Iraqi Ministry of Finance, supporting the supply of five electrical substations across northern and southern Iraq. The financing, backed by a 100% UK Export Finance (UKEF) guarantee, covers both political and commercial risks. The Ministry of Electricity will use the funds […]
By John Lee. Iraqi President Dr. Abdul Latif Rashid met with the new Kuwaiti Ambassador to Iraq, Hassan Mohammed Al-Zaman, in Baghdad on Monday, 10th February, to discuss bilateral relations and economic cooperation. President Rashid reaffirmed Iraq's commitment to strengthening ties with Kuwait, highlighting investment opportunities and the importance of expanding economic collaboration. He also […]
By John Lee. Kirkuk Governor Ribwar Taha Mustafa has signed a contract for the construction of the Kirkuk Refinery, which has a planned production capacity of 70,000 barrels per day (bpd). The refinery will be built by Sulaymania-based Rania Group, and will reportedly cost around $2 billion. During the signing ceremony, attended by Kirkuk Provincial […]
