Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. Iraq's Central Organisation for Standardisation and Quality Control (COSQC) has opened its fourth unit for testing and hallmarking precious metals and imported gold at Kirkuk International Airport. The ceremony, led by Dr. Fayadh Mohammed Abdul-Dulaimi, COSQC President, was attended by key officials, including airport customs and border management representatives. Dr. Abdul-Dulaimi highlighted […]
By John Lee. Iraq's Supreme Council for Youth has approved several initiatives to promote youth development and economic participation. Key decisions included establishing "Secure Economic Zones for Youth," with four incubators in Baghdad and two in each governorate, and creating the "Iraq Young Entrepreneurs Forum" to support 500 young entrepreneurs and enhance their access to […]
By John Lee. Prime Minister Mohammed S. Al-Sudani met with Steve Lutes, Vice President of Middle East Affairs at the U.S. Chamber of Commerce and President of the U.S.-Iraq Business Council, to discuss Iraq-U.S. commercial relations. The talks focused on preparations for a forum of U.S. company representatives in Iraq and the progress on implementing […]
By John Lee. The Iraqi Cement Company, part of the Ministry of Industry and Minerals, has announced a total production of 10.2 million tonnes of cement in 2024, marking a 7% increase compared to 2023. General Manager Aqeel Abdul Ali Raddam attributed this growth to successful strategies for improving productivity and efficiency to meet rising […]
By John Lee. Saudi Arabia cafe chain Kyan Café has opened its first branch in Iraq. The outlet in Basra will initially open from 2:00pm until midnight, but has plans to extend this to 24 hours. It is Kyan's 356th store worldwide. (Source: Kyan Café)
From the Iraq Britain Business Council (IBBC): How Iraq is delivering innovation through its leading businesses Iraq is stable, its economy is expanding and diversifying to meet the needs of the people. IBBC have been asked by the Iraq Prime Minster, Mr Al Sudani, to hold a Baghdad conference on Innovation. Following a successful visit […]
By John Lee. The Financial Action Task Force (FATF) has completed an assessment of Iraq's measures to combat money laundering and terrorist financing, and this week published its report. The assessment is a comprehensive review of the effectiveness of Iraq's measures to protect the financial system from abuse and its level of compliance with the […]
By John Lee. Iraq's Minister of Electricity, Ziad Ali Fadhil, has signed a cooperation agreement and memorandum of understanding with U.S.-based Stellar Energy to implement strategic projects aimed at advancing Iraq's electricity sector. The first phase of the agreement will be financed through the Export-Import Bank of the United States (EXIM Bank). This will include […]
By John Lee. Edita Food Industries, an Egyptian snack food producer, has announced its entry into the Iraqi market through a strategic partnership with Baghdad-based Tuama Jebur Abbas (TJA). The move marks a significant milestone in Edita's regional expansion strategy as the company acquires a 49-percent stake in TJA, a family-run snack manufacturer, for $8 […]
By John Lee. Just a month ago, Iraq Business News ran an article examining the possible connection between support for Donald Trump and a belief in the Iraqi Dinar revaluation theory -- the idea that the Iraqi Dinar (IQD) will revalue ("RV") to as much as 1000 times its current value. You can read the […]
By John Lee. Dohuk-based Newsazz Ltd has won a series of contracts with the United Nations: IT equipment to support PMO-NOC office, via the UN Development Programme (UNDP), as advertised here on Iraq Business News. Contract value: IQD 98,230,000 [$75,000]; Bullet-proof vests and helmets, for the International Trade Centre (ITC): Contract value: $23,700; Digital Forensics […]
From the United Nations Development Programme (UNDP): Developing Tourism Enterprises in Kurdistan Region of Iraq The United Nations Development Programme (UNDP) in Iraq, with funding from the United States Agency for International Development (USAID), in collaboration with the Ministry of Municipality and Tourism - Board of Tourism of the Kurdistan Regional Government (KRG), proudly announces […]
