Contract Awarded for works at Maghrib Wadi
By John Lee. Bab Al Karama for General Contracting Ltd. has won a new contract with the United Nations for the construction of a pedestrian bridge over the Maghrib wadi, installation of a BRC fence along the wadi, a cleaning campaign and supply of garbage containers in Maghreb area, Nineveh Governorate. The contract is valued […]
Iraqi Govt struggles to Control US Dollar Price
By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraqi government struggles to control US dollar price The Iraqi economy is suffering from the US dollar's rise as a result of smuggling dollars outside of Iraq. Click here […]
$4.1m New Projects in Ankawa District
By John Lee. Two new projects were officially launched in sector 128 of Ankawa district on Monday, January 16th. The projects, which include street paving, sidewalk construction, water supply, and sewerage will be financed by the KRG's Ministry of Municipalities and Tourism. Additionally, an expansion of the sector's electricity network will be financed by the […]
Contract Awarded for Water Services in Mosul, Talafar
By John Lee. Jabal-Alzaytoun Ltd. has won a new contract with the United Nations for the supply of materials the maintenance of water networks and pumps for Mosul and Telafar [Talafar] Water Directorates. The contract is valued at $111,909. (Source: UNGM)
Despite Criticism, Iraq's PM to Expand Public Sector
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Despite criticism, Iraq's PM pursues expansion of public sector Iraqi Prime Minister Muhammad Shia' Al-Sudani has kicked off a major campaign to expand the country's social safety net. This comes only weeks after […]
Corn Production increasing in the Kurdistan Region
Kurdistan Region Government (KRG) farmers, who used to grow wheat, barley, vegetables and fruits, are now growing dozens of other crops, including corn. The Kurdistan Region Government (KRG) needs one million tons of corn annually and the Ministry of Agriculture of the Kurdistan Region Government (KRG) has paid attention to this product and plans to […]
Treasure Hunters search Iraq for IS's Lost Loot
By Martin Chulov and Nechirvan Mando, for The Guardian. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Treasure hunters circle in search of Islamic State's lost loot The ruins of Iraq and Syria are proving a treasure trove, with former foes vying to […]
Contract Awarded for IT Equipment in Erbil and Mosul
By John Lee. Wide Knowledge Company Ltd. has won a new contract with the United Nations for the supply and delivery of IT equipment in Erbil and Mosul. The contract is valued at $52,819. (Source: UNGM)
Germany, UNDP Strengthening Criminal Justice Services in Iraq
Germany supports UNDP in strengthening criminal justice services in Iraq Germany and the United Nations Development Programme (UNDP) have signed a EUR 826,250 donor agreement on strengthening Iraq's criminal justice services and improving their capacities to conduct effective interviews in line with international human rights commitments. The project promotes the application of the new regulations […]
Alsaree3 Group in Iraq Receives Additional Funding
Alsaree3 Group, consisting of Alsaree3 (food-delivery) and Al Zajel Express (last-mile delivery services), closed a 7-figure bridge round in December 2022, bringing its total amount of funding raised to over $6.5 million USD. Founder and CEO of Alsaree3 Group, Bassam Al-Ateia, commented: "This funding will enable us to increase our market share and grow our […]
Iraq "Offers many Investments Opportunities to Int'l Businesses"
The President of the Republic of Iraq, Abdullatif Jamal Rashid met with the Group Chairman and Chief Executive Officer of DP World and the Chairman of the Ports, Customs and Free Zone Corporation, Sultan Ahmed Bin Sulayem alongside the CEO and Managing Director - of the Middle East and Africa at DP World, Suhail Al […]
Iraq introduces Tax Incentives for Point-of-Sale (POS) Terminals
By John Lee. The Iraqi Cabinet has approved the recommendations of the Ministerial Council, encouraging the use of electronic point-of-sale (POS) terminals. The use of electronic transactions has been shown to improve security, efficiency and convenience for retailers and customers. Specifically, the cabinet approved the following measures: The Central Bank of Iraq (CBI) simplifies the […]