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 Council of Ministers has authorized the Ministry of Finance to sign a loan agreement backed by German and other international export credit agencies. The funding will support the installation of three 400 kV and five 132 kV substations, as part of Phase II of the energy cooperation framework with Siemens Energy. […]
By John Lee. Siemens Energy and Iraq's Ministry of Electricity have signed a new Principles of Cooperation Agreement and two long-term service contracts under the supervision of Prime Minister Mohammed S. Al-Sudani. The signing ceremony, held on Thursday, was also attended by the German Ambassador to Iraq. The third phase of this strategic partnership aims […]
By John Lee. Siemens Energy of Germany has been awarded two key electricity service contracts by Iraq's Council of Ministers, aimed at strengthening the country's power generation capabilities: A five-year Long-Term Service Agreement (LTSA) for two 160 MW gas turbines (GTE-160) at the Dibis [Debes, Dibs] Gas Power Plant. This contract includes continuous operational guarantees […]
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 […]
