Germany – Kurdistan Iraq Business & Trade News – German Consul General, Erbil, Kurdistan, cultural ties, educational ties and more – brought to you by Iraq Business News
By John Lee. Iraq's Ministry of Planning held discussions with representatives of the German Agency for International Cooperation (Deutsche Gesellschaft für Internationale Zusammenarbeit; GIZ) in Iraq to explore cooperation and developmental transformation. Key areas of focus included a joint international cooperation agreement, the establishment of offices for the German Development Bank (Kreditanstalt für Wiederaufbau; KfW) […]
By John Lee. Prime Minister Mohammed S. Al-Sudani has laid the foundation stone for the Al-Nasiriyah Combined-Cycle Power Plant Project in Dhi Qar Province. The 921-megawatt facility, powered by natural gas, is being built by Germany's Siemens and Turkish firm Enka on the site of the existing Al-Nasiriyah Steam Power Plant. The project aims to […]
By John Lee. Iraq's Minister of Electricity, Eng. Ziyad Ali Fadel, has addressed key energy issues in interviews with Al Arabiya and Al Hadath, outlining government efforts to secure power supply and mitigate potential summer shortages. Key points include: The halt of exemptions has affected 800 MW of electricity imports from Iran, impacting Diyala, Maysan, […]
By John Lee. Iraq's Minister of Finance, Taif Sami Mohammed, met with a representative from the German Agency for International Cooperation (Deutsche Gesellschaft für Internationale Zusammenarbeit, GIZ) on Wednesday to discuss strengthening bilateral cooperation in financial and technical sectors. The discussions focused on supporting development projects, achieving sustainable growth, and exchanging expertise to improve financial […]
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 […]
By John Lee. The German Embassy in Iraq has confirmed that trade between Germany and Iraq reached €1.7 billion in 2024, with a 10% growth in German exports over four years. Roland Westebbe, Deputy Director of the German Embassy Mission in Iraq, stated that Germany aims to expand its trade relations with Iraq, viewing it […]
By John Lee. Iraq's Ministry of Justice has said it has successfully defended Iraq in a $1-billion international arbitration case filed by Germany's AHG Industry GmbH & Co. KG at the World Bank's International Centre for Settlement of Investment Disputes (ICSID). According to the statement from the Ministry on Tuesday (11th March), the dispute stemmed […]
From United Nations Iraq. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Building Entrepreneurial Skills to Support MSMEs and Job Creation in Iraq The International Labour Organization (ILO) is strengthening the entrepreneurial ecosystem in Iraq by providing training to support micro, small, and medium-sized […]
By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani met with a delegation from CLAAS, a leading German manufacturer of agricultural equipment, on the sidelines of the 61st Munich Security Conference. Al-Sudani praised CLAAS for its successful operations in Iraq, noting the trust the company has built among Iraqi farmers due to the durability and […]
By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani met on Friday with Marc Siewert, CEO of Berlin-based Veridos, on the sidelines of the 61st Munich Security Conference (MSC). Discussions focused on strengthening cooperation with Veridos, a global leader in secure passport and national ID card production, particularly through its manufacturing facility in Baghdad, which […]
By John Lee. Germany's Frankfurt School of Finance and Management has won a contract with the International Labour Organization (ILO) to, "enhance the operational efficiency and effectiveness of the Iraqi Company for Bank Guarantees (ICBG)." The contract value was not disclosed. According to information provided by the UN, the project has four primary objectives: Optimize […]
By John Lee. Iraq's Minister of Finance met with a delegation from the German Agency for International Cooperation (Deutsche Gesellschaft für Internationale Zusammenarbeit, GIZ), the European Union, and the German Embassy in Baghdad, alongside representatives from the Central Bank of Iraq (CBI), the Federal Integrity Commission, the Federal Board of Supreme Audit (FBSA), and the […]
