Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. Makers of Baghdad, an innovation hub and maker space, has produced a report exploring the impact of financial technology on economic growth, inclusion, and innovation in Iraq. Mapping the Role of FinTech in Iraq finds that the financial landscape in Iraq is undergoing a significant transformation, largely driven by the rise of […]
By John Lee. The International Organization for Migration's (IOM) Iraq Mission has issued its Annual Report 2023. Established in 2003, it has over 1,600 staff, and sub-offices across all governorates, with main offices in Baghdad, Erbil, Mosul and Basra. Click here to download the full report in English Click here to download the full report […]
By John Lee. Iraq has opened a new embassy in the Irish capital, Dublin. In a separate meeting on Thursday with Irish President Michael D Higgins, Iraqi Foreign Minister Fuad Hussein called for the opening of a resident Irish Embassy in Baghdad to strengthen bilateral relations. Full statement from Iraq's Ministry of Foreign Affairs: Deputy […]
By John Lee. Iraq's Ministry of Trade announced the registration of 599 national companies and 27 branches of foreign companies during September. The Companies Registration Department, led by Rashad Khalaf Hashim, also issued several decisions, including amendments to contracts of joint-stock companies, adjustments to capital, and the merging and liquidation of companies. Additionally, 897 companies […]
Celebrating ICF's 12th Annual IN THEIR SHOES 5K to Benefit Iraq's Orphans and Vulnerable Children On Saturday, September 28, 2024, hundreds in Washington, DC and around the world joined the Iraqi Children Foundation's 12th annual run/walk to benefit Iraq's most vulnerable children, including orphans, street kids, child laborers, disabled children, and child victims of trafficking. […]
By John Lee. Iraq's Foreign Economic Relations Department, through its commercial attaché in Washington, held talks with US-based MACK Trucks to explore avenues of economic and commercial cooperation between Iraq and the United States. The discussions focused on technology transfer and establishing truck assembly lines in Iraq, following the Memorandum of Understanding signed earlier this […]
From the Iraq Britain Business Council (IBBC): Iraq is making a significant comeback, presenting the private sector with an increasing array of opportunities to invest and contribute to its ongoing development. The Sudani government has not only introduced stability and reforms but is also investing in a wide range of infrastructure projects that promise growth […]
By John Lee. Iraqi Foreign Minister Fuad Hussein received a copy of the credentials of the new Canadian Ambassador to Iraq, Christopher David Pym, on Tuesday [15th October, 2024]. The Minister welcomed Ambassador Pym, underlining the importance of the bilateral relations between the two countries, and the need to strengthen and develop them across various […]
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq buys 900 MW of power from Kurdistan Region daily: Ministry Iraq's electricity ministry on Sunday said it buys 900 megawatts of electricity daily from the Kurdistan Region, amid lower power production due to […]
By John Lee. Mass Group Holding (MGH) and GE Vernova have announced significant progress in the modernization of Iraq's largest power facility, the 4.5 GW Bismaya [Besmaya] Power Plant in Baghdad. Phase 1: Phase 1 involved Advanced Gas Path (AGP) upgrades on four GE Vernova 9F.04 gas turbines at the Besmaya Power Plant. The upgrades […]
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, […]
