Iraq Implements Global Transit System TIR from April
By John Lee. Iraq will implement the global transit system TIR from 1 April 2025, marking a significant step in enhancing logistics and international trade. According to state-run Iraqi News Agency (INA), the Border Ports Commission announced that the system will streamline cross-border transport, strengthening Iraq's position as a key trade hub in the Middle […]
Iraq Approves New Renewable Energy Schemes
By John Lee. Iraq's Prime Minister Mohammed S. Al-Sudani chaired a special meeting of the National Renewable Energy Team on Monday to review progress on the country's renewable energy strategy. The Prime Minister instructed that renewable energy projects officially launch by summer, urging the acceleration of procedures and private sector engagement. The National Renewable Energy […]
Industry Minister Reviews Fertiliser Production in Basra
By John Lee. Iraq's Minister of Industry and Minerals, Khaled Battal Al-Najm, chaired a meeting with the General Company for Southern Fertilisers in Basra to review current partnership contracts and assess factory operations. The discussions focused on ensuring the continuous production of fertilisers to support the agricultural sector and enhance food security. The meeting covered […]
US Urges Iraq to Rein in Iran-Backed Groups
By John Lee. A US State Department spokesperson has reiterated Washington's concerns over Iranian-backed groups operating in Iraq. Responding to a question at a press briefing, Tammy Bruce emphasised that Iraq's government must maintain command and control over all security forces, including the Popular Mobilisation Forces (PMF), and ensure they report to Iraq's commander-in-chief rather […]
Report: Climate Change and Agriculture in Dhi Qar
From IMPACT. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq: Climate Change and Agriculture in Al-Dawaya and Al-Gharraf (March 2025) This assessment was conducted in the Al-Dawaya and Al-Gharraf sub-districts of Thi-Qar [Dhi Qar] governorate, a region facing an unprecedented climate-induced crisis. Iraq's […]
New Data on Increasing German-Iraqi Trade
By John Lee. The German Liaison Office for Commerce & Industry in Iraq (AHK Iraq) has told Iraq Business News that trade between Germany and Iraq reached EUR 3.1 billion in 2024. This consisted of EUR 1.8 billion imported from Iraq into Germany, and EUR 1.3 billion from Germany to Iraq. Over four years, this […]
Iraq Welcomes New British Ambassador
Deputy Prime Minister and Foreign Minister Mr. Fuad Hussein received a copy of the credentials of the new Ambassador of the United Kingdom of Great Britain and Northern Ireland to Iraq, Mr. Irfan Siddiq, at the Ministry's headquarters on Monday 24 March 2025. Minister Hussein welcomed the new Ambassador, and wished him success in his […]
New Iraq-China Contracts for Sponge Iron Plant and $2bn Industrial City
By John Lee. Iraq's General Company for Iron and Steel has signed two major contracts in Basra under the patronage of Industry and Minerals Minister Khaled Battal Al-Najm: The first contract, signed with Al-Qaim United Company, involves the establishment of a sponge iron plant with an annual production capacity of one million tonnes. This project […]
PM Reviews Reforms at Rafidain and Rasheed Banks
By John Lee. Prime Minister Mohammed S. Al-Sudani chaired a meeting on Sunday to review the reform process for Rafidain Bank and Rasheed Bank, with representatives from Ernst & Young (EY) in attendance. The discussions focused on aligning the banks' operations with international standards, addressing debt repayment mechanisms, and enhancing staff training. The Prime Minister […]
$374m Chinese Investment in Iraqi Medical City
By John Lee. Iraq has signed a contract with China State Construction Engineering Corporation (CSCEC) to build a comprehensive Medical City in Dhi Qar Province. The 490 billion Iraqi dinar [$374 million] project was finalized under the supervision of the Dhi Qar Reconstruction Fund and the Ministry of Health. During the signing ceremony, Prime Minister […]
Iraq to Restart Nitrogen Fertiliser Production after 40 Yrs
By John Lee. Iraq's Minister of Industry and Minerals, Khaled Battal Al-Najm, laid the foundation stone for a new nitrogen fertiliser plant in Abu Al-Khasib, Basra, on Sunday, marking the revival of production after more than 40 years. The plant, with an annual capacity of one million tonnes, will be developed at a cost of […]
Foundation Stone laid for Sponge Iron Plant in Basra
By John Lee. Iraq's Minister of Industry and Minerals, Khaled Battal Al-Najm, has laid the foundation stone for a sponge iron plant in Basra. The plant, belonging to the General Company for Iron and Steel, will have a production capacity of one million tonnes per year. The project aims to ensure a steady supply of […]