Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. Iraq's Ministry of Agriculture has launched a series of initiatives aimed at increasing the number of high-quality date palms and enhancing date production. Dr. Hadi Hashem al-Yasiri, Director General of the Horticulture Department, announced the establishment of genetic banks to propagate large numbers of superior saplings. The initiative includes tissue culture projects […]
By John Lee. In 2021 the Ministry of Planning's Central Statistical Organization (CSO) in partnership with the United Nations Development Programme (UNDP) and with funding from the United States Agency for International Development (USAID) has conducted a study on Micro, Small, and Medium-Enterprises (MSMEs) in Iraq. The Survey covered the three governorates of Baghdad, Basra, […]
By John Lee. Iraq's Minister of Electricity, Eng. Ziyad Ali Fadel, chaired a technical meeting with Chinese company Huawei to discuss the proposal for a fast-installation solar power plant with a capacity of 100 MW in Karbala. The project is intended to be completed within six months and operational by summer 2025 to help meet […]
By John Lee. Iraq has signed a contract with the Gulf Cooperation Council Interconnection Authority (GCCIA) for the import of electricity. The project aims to enhance Iraq's energy stability and reduce reliance on costly conventional energy sources. The Gulf-Iraq electricity link is expected to supply Iraq with 3.94 TWh (terawatt-hours) annually by 2025 at competitive […]
By John Lee. Iraq's Council of Ministers has authorized the Ministry of Electricity to contract with the Swiss company Loxstone Energy for the supply of gas from Turkmenistan to Iraq via Iran under a swap agreement. Due to the importance and urgency of this contract in maintaining the operation of power plants, the deal is […]
By John Lee. The Export-Import Bank of the United States (EXIM) has approved a $297 million final commitment in support of an energy efficiency project in Iraq. The project will increase the availability and reliability of electricity in Iraq by generating power through waste heat. Florida-based Stellar Energy Americas, Inc. will provide engineering, procurement, construction […]
By John Lee. The Governor of the Central Bank of Iraq (CBI), Ali Mohsen Al-Alaq, met with Turkish Ambassador Anil Bora Inan and representatives of Turkish banks operating in Iraq to discuss a newly implemented financial transfer mechanism. The new system, which operates in euros and is executed through Turkish banks, aims to streamline and […]
By John Lee. Iraq's Minister of Communications, Dr. Hayam Al-Yasiri, led a workshop on Sunday focused on drafting guidelines to regulate delivery companies, in collaboration with the Competition and Anti-Monopoly Council. According to a statement from the Ministry, the initiative aims to prevent monopolies and introduce fair competition in service sectors. Al-Yasiri emphasized improving Iraqi […]
By John Lee. Iraq and the United Nations signed an agreement for a $3 million peace and stability project in Sinjar, sponsored by the Iraqi Ministry of Planning and funded by the UN. The initiative, implemented by three UN agencies-UN Development Programme (UNDP), the International Organization for Migration (IOM), and UN Women-aims to support Sinjar's […]
By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani met with newly appointed Swiss Ambassador Daniel Hunn on Saturday, celebrating the reopening of Switzerland's embassy in Baghdad after a 33-year closure. Al-Sudani called the move a significant milestone in Iraq-Swiss relations and urged for the activation of joint committees to boost bilateral cooperation. Both sides […]
By John Lee. The Iraqi Prime Minister has expressed a willingness to partner with American firms to develop the country's oil and gas resources. Speaking to Al Monitor, Mohammed Shia al-Sudani acknowledged that some US companies have said the terms of potential contracts were not favorable, and he pledged to rectify the issue. Full report […]
By John Lee. The Iraqi Ministry of Planning has held a workshop on nanotechnology, highlighting its potential as one of the most advanced scientific and technological developments in recent years. Presentations covered various aspects, including a report by Engineer Ahmed Farouk of the Ministry of Construction, emphasizing Iraq's need for nanotechnology research centers to keep […]
