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Archive | Iraq Industry & Trade News

Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.

Iraq and BAE Systems discuss Defence and Cybersecurity Collaboration

By on 15th January 2025 in Iraq Industry & Trade News, Security

By John Lee. Prime Minister Mohammed S. Al-Sudani met with BAE Systems CEO Charles Woodburn in London to discuss enhancing Iraq's defence capabilities and cybersecurity infrastructure. The discussions highlighted BAE Systems' expertise in advanced weapons manufacturing and cybersecurity technologies. Al-Sudani reaffirmed the government's commitment to equipping Iraq's security forces with state-of-the-art weapons from diverse sources. […]

UK, Iraq announce $15bn Trade and Investment Partnership

By on 15th January 2025 in Agriculture, Construction & Engineering In Iraq, Investment, Iraq Banking & Finance News, Iraq Industry & Trade News, Iraq Oil & Gas News, Iraq Public Works News, Iraqi Communications News, Politics, Security

By John Lee. Prime Ministers Keir Starmer and Mohammed S. Al-Sudani have unveiled an ambitious £12.3 billion [$15 billion] UK-Iraq trade and investment package aimed at enhancing prosperity and bilateral economic ties. The agreement represents over a tenfold increase in trade compared to last year and underscores both nations' commitment to strategic collaboration across key […]

UK Export Finance signs MoU with Iraq to Boost Investment

By on 15th January 2025 in Construction & Engineering In Iraq, Investment, Iraq Banking & Finance News, Iraq Industry & Trade News

By John Lee. During Prime Minister Mohammed S. Al-Sudani's official visit to London, Iraq's Sovereign Guarantees Initiative Committee signed a Memorandum of Understanding (MoU) with UK Export Finance (UKEF) to enhance economic collaboration. The MoU, signed by Mohammed Sahib Al-Darraji, Head of the Initiative Committee and Advisor to the Prime Minister, and Adam Harris, Director […]

Iraq, UK Partnership on Climate Change and Carbon Economics

By on 15th January 2025 in Iraq Industry & Trade News, Politics

By John Lee. Iraq and the United Kingdom have signed a Memorandum of Understanding (MoU) focused on climate change, environmental sustainability, and carbon economics, marking a significant step in bilateral cooperation. The agreement was formalised during Prime Minister Mohammed S. Al-Sudani's meeting with UK Secretary of State for Foreign, Commonwealth and Development Affairs, David Lammy, […]

Iraq Explores Expanded Collaboration with Technip Energies

By on 15th January 2025 in Construction & Engineering In Iraq, Iraq Industry & Trade News, Iraq Oil & Gas News

By John Lee. During his official visit to London, Iraqi Prime Minister Mohammed S. Al-Sudani met with Fakhri Dhaidan, Vice President of French engineering company Technip Energies, to discuss the company's ongoing and future operations in Iraq. The meeting focused on Technip Energies' consultancy work for the Karbala and Basra refineries and its role in […]

PM to announce $billions in UK-Iraq Projects

By on 14th January 2025 in Construction & Engineering In Iraq, Investment, Iraq Industry & Trade News, Politics

By John Lee. Iraqi Prime Minister Mohammed Shia' Al-Sudani has arrived in London on an official visit, during which he will meet His Majesty King Charles III, Prime Minister Keir Starmer, senior officials in the British government and business leaders. Writing in The Telegraph, Prime Minister Al-Sudani emphasised the opportunities for cooperation between the two […]

Iraq Allocates Funding to Equip New Schools

By on 10th January 2025 in Iraq Education and Training News, Iraq Industry & Trade News

By John Lee. The Iraqi Cabinet has approved funding to furnish 1,000 model schools under the Iraq-China Framework Agreement, ensuring the project's progress. Key funding decisions include: Regional Petrodollars: Funds from the petrodollar allocations of Basra, Maysan, Kirkuk, and Wasit will fully cover furnishing costs in these provinces. Additional funds for other provinces, totalling 113.92 […]

Iraq welcomes New Ambassadors of Kuwait, Japan, Armenia

By on 10th January 2025 in Iraq Industry & Trade News, Politics

By John Lee. Iraqi President Abdul Latif Jamal Rashid has formally received the credentials of the newly appointed ambassadors of Kuwait, Japan and Armenia during a ceremony at Baghdad Palace. The ambassadors welcomed included: Hasan Mohammad Zaman of Kuwait, Akira Endo of Japan, and Ruben Soghoyan of Armenia. The event was also attended by Deputy […]

Chinese Firm to build Iraq's First Waste-to-Energy Plant

By on 9th January 2025 in Construction & Engineering In Iraq, Iraq Industry & Trade News

By John Lee. The Iraqi Cabinet has approved a high-efficiency waste-to-energy power plant project in Baghdad. The plant, employing advanced incineration technology, will be developed by China's Shanghai SUS Environment Co. Ltd. on a designated plot in Nahrawan District. The National Investment Commission (NIC) has been authorised to issue the investment license and sign the […]

Iraq should Develop Shipbuilding Industry, says Shipping Exec

By on 9th January 2025 in Construction & Engineering In Iraq, Iraq Industry & Trade News

A shipbuilding executive has highlighted the need for shipyard development in Iraq's Basra governorate. Speaking recently at TEDx Baghdad, Abdullah Shaban, Executive Manager and Shipbuilding Engineer at Al Zaman Group, emphasised that Iraq remains the only Arabian Gulf nation without shipyard facilities, citing inadequate infrastructure as the primary obstacle. He outlined three key benefits of […]

iQ Networks and GBI sign Dark Fibre Framework Agreement

By on 8th January 2025 in Iraq Industry & Trade News, Iraqi Communications News

By John Lee. On Tuesday (7th January), iQ Networks, a subsidiary of Sulaymaniya's iQ Group, signed Iraq's inaugural dark fibre IRU framework agreement with Qatar-based Gulf Bridge International (GBI) in Baghdad. According to a statement from iQ, this landmark deal is a pivotal move towards establishing Iraq as an essential telecommunications hub. The event also […]