Germany – Kurdistan Iraq Business & Trade News – German Consul General, Erbil, Kurdistan, cultural ties, educational ties and more – brought to you by Iraq Business News
This report provides a general overview of the Iraqi industrial sector. It starts with a briefing about why the industrial sector is very crucial for Iraq's future economy. As a more advanced industrial sector leads to greater GDP value, higher salaries, and better services provided by efficiently-trained labor. Despite this fact, there has been huge […]
Iraq is heavily reliant on oil, as oil revenues have been the spine of the economy and the main contributor to exports and remain so even with the halt of oil prices and market demand. This led to neglecting the opportunities that lie in other sectors that could diversify and support the economy. Agriculture is […]
KAPITA launches the first Iraqi dedicated Angel Network The Iraqi entrepreneurship ecosystem receives a major boost with the launch of the first Iraqi angel investors network KAPITA is launching Iraq's first Angel Investor Network - IAIN ( https://iraqangels.net/ ) that is dedicated to connecting startups with angel investors in order to develop the Iraqi entrepreneurship […]
By John Lee. Germany's new Consul General in Erbil, Klemens Semtner (pictured), has arrived in Erbil to take up his post. According to a statement from the German Consulate in Erbil: "Awaiting final agreement from the Iraqi government, he is ready to start working to strengthen relations with KRI." (Source: German Consulate in Erbil)
By John Lee. Iraq's Commission of Integrity has said that two official have been sentenced, in absentia, to seven years in prison for misusing 7.1 billion dinars ($6 million) of public funds. The two were former board members of the Martyrs Foundation, and tbe violations concerned a contract with a German company. Arrest warrants have […]
The number of cases of COVID-19-infected persons is also rapidly increasing in Iraq. The peak of the disease is expected in autumn. At least four new hospitals are to be built in the country's largest cities by then. KfW is financing the construction on behalf of the German government with an initial amount of EUR […]
This article has been originally published in the GIZ magazine 'akzente' at https://akzente.giz.de/en/artikel/iraqs-digital-innovators. It is reprinted here by kind permission of GIZ. A new generation of young Iraqi entrepreneurs are confronting the country's challenges, even during the coronavirus pandemic. Text und Fotos: Olivia Cuthbert The streets are eerily silent in Mosul's old city. A fierce […]
Foreign Minister Calls on his German Counterpart to Support the Removal of Iraq from List of High-risk Countries in Money Laundering and Terrorist Financing Iraqi Foreign Minister Mr. Fuad Hussein received a phone call from German Foreign Minister Mr. Heiko Maas. The two Ministers discussed bilateral relations between the two countries, and the prospects for […]
By John Lee. Prime Minister Mustafa Al-Kadhimi has held a meeting with the Ministers of Electricity and Oil to discuss electricity supply in Iraq, and directed that all electricity projects, especially those agreed with Siemens, be implemented without delay. He added that Iraq has spent billions of dollars on the electricity sector in recent years, […]
Criminal justice services in Iraq strengthened thanks to new contribution from Germany The Government of Germany has committed USD 1.13 million to support the Government of Iraq strengthen its criminal investigations and crime scene management under a new project in partnership with UNDP Iraq. Strengthening Criminal Investigations and Crime Scene Management Capacities in Iraq aims […]
United Nations Secretary-General António Guterres today announced the appointment of Irena Vojáčková-Sollorano of Germany as his new Deputy Special Representative for Iraq, in the United Nations Assistance Mission for Iraq (UNAMI) and Resident Coordinator. Ms. Vojáčková-Sollorano will also serve as Humanitarian Coordinator. Ms. Vojáčková-Sollorano succeeds Marta Ruedas of Spain, who retired from the United Nations […]
Siemens Energy and the Iraqi Ministry of Electricity have signed a contract for the Al Hamudhia substation, which will provide reliable and efficient power supply to the cities of Ramadi, Fallujah, Saqlawyah, Khalediyah and surrounding areas in Al Anbar governorate, North West of Baghdad. Located about 20 kilometers away from Ramadi city, the turnkey 400- […]
