Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. The Iraqi National Intelligence Service has led an official delegation to Damascus under the direction of Prime Minister Mohammed S. Al-Sudani. The delegation, headed by Mr. Hamid Al-Shatri, President of the Iraqi National Intelligence Service, is scheduled to meet with Syrian President Ahmed al-Sharaa' and other senior Syrian officials. The delegation includes […]
By John Lee. According to the latest World Economic Outlook from the International Monetary Fund (IMF), Iraq's economy is forecast to shrink by 1.5 percent this year. This is a reduction from the 4.1 percent growth forecast in their October 2024 report. For subsequent years, the organisation predicts a return to strong growth. Globally, "the […]
By John Lee. Iraq's Ministry of Planning held discussions with representatives of the German Agency for International Cooperation (Deutsche Gesellschaft für Internationale Zusammenarbeit; GIZ) in Iraq to explore cooperation and developmental transformation. Key areas of focus included a joint international cooperation agreement, the establishment of offices for the German Development Bank (Kreditanstalt für Wiederaufbau; KfW) […]
By John Lee. KRG Prime Minister Masrour Barzani has welcomed Irfan Siddiq, the newly appointed British Ambassador to Iraq. PM Barzani congratulated Ambassador Siddiq on his new post and reaffirmed the Kurdistan Regional Government's commitment to strengthening ties with the United Kingdom. The Ambassador praised the Kurdistan Region's progress and confirmed Britain's readiness to expand […]
By John Lee. The head of Iraq's National Investment Commission (NIC), Dr. Haider Mohammed Makia [Makiyya], has announced the signing of two investment licences with Al-Bilal Group for General Contracting Ltd. to develop solar power plants in Karbala and Babil provinces, with a combined capacity of 525 megawatts. The projects will include a 225-MW plant […]
By John Lee. The General Company for Communication and Power Equipment, under Iraq's Ministry of Industry and Minerals, has successfully designed and implemented a remote air pollution monitoring system, according to its Director General, Eng. Fawaz Muflih Dark. The system uses precision sensors to detect and measure concentrations of environmental pollutants, including carbon dioxide (CO₂) […]
By John Lee. Prime Minister Mohammed S. Al-Sudani has laid the foundation stone for the Al-Nasiriyah Combined-Cycle Power Plant Project in Dhi Qar Province. The 921-megawatt facility, powered by natural gas, is being built by Germany's Siemens and Turkish firm Enka on the site of the existing Al-Nasiriyah Steam Power Plant. The project aims to […]
By John Lee. Prime Minister Mohammed S. Al-Sudani met on Sunday with the newly-appointed British Ambassador to Iraq, Mr. Irfan Siddiq, to discuss bilateral relations and regional developments. Al-Sudani underscored the importance of enhancing cooperation under the Partnership and Cooperation Agreement, signed during his visit to the United Kingdom in January. Both sides stressed the […]
By John Lee. The Al-Zawraa General Company, part of Iraq's Ministry of Industry and Minerals, has unveiled plans to establish an integrated and advanced manufacturing plant for solar panels, with an annual production capacity of 750 megawatts - supporting the government's drive toward clean energy. Director General Eng. Muhannad Jabbar Alwan highlighted the company's significant […]
By John Lee. The General Company for Mining Industries, part of Iraq's Ministry of Industry and Minerals, has announced the successful completion of rehabilitation and modernization work at its aluminium casting plant, in partnership with the private sector. According to Director General Eng. Ahmed Faleh Ali, the upgraded facility will initially produce 250 tonnes of […]
From AAA Holding Group. AAA Holding Group Completes Acquisition of 45% Stake in Phosphate Fertiliser Project in Basra We are proud to announce that AAA Holding Group has successfully completed the acquisition of an additional 45% stake in the Phosphate Fertiliser Project in Basra, following the purchase of shares from existing stakeholders. With this strategic […]
By John Lee. Iraq's Minister of Industry and Minerals, Prof. Eng. Khaled Battal Al-Najm, alongside the Governor of Karbala, oversaw the signing of three memorandums of understanding (MoUs) for strategic projects in Karbala Industrial City during an official visit to the province on Saturday. The agreements were signed between Al-Yusra Industrial, the developer of Karbala […]
