The latest investment news from Iraq – news on the Dinar, finance and more – brought to you by Iraq Business News
By John Lee. State Company for Automotive and Equipment Industry, one of the companies of the Ministry of Industry and Minerals, has signed a partnership contract with Iraqi and Emirati firms to establish an integrated industrial system for the assembly, production and marketing of various types of vehicles. The agreement covers the production of: Buses […]
By John Lee. Cairo 3A Holding has reportedly signed a Memorandum of Understanding with International Venture Investment (IVI) Holding Limited in Baghdad to develop an integrated poultry project in Iraq. According to report from Agar Gate, the agreement marks the start of a long-term partnership aimed at building a vertically integrated operation that meets international […]
By John Lee. On Monday, Prime Minister Mohammed Shia' Al-Sudani chaired a Board meeting of the Iraq Development Fund to review progress on key strategic and investment projects overseen by the fund. The meeting discussed the "Eduba" schools construction project, for which the first phase has been launched, and reviewed a Ministry of Finance report […]
By John Lee. Chinese Deputy Ambassador to Iraq, Xue Haifeng, has told the state-owned Iraqi News Agency (INA) that Iraq-China cooperation continues to gain momentum, covering sectors ranging from energy and development to agriculture and defence. He emphasised that high-level exchanges have played a central role in strengthening bilateral ties, citing recent meetings between Chinese […]
By John Lee. On Wednesday, Iraqi Prime Minister Mohammed Shia Al-Sudani sponsored the signing of two agreements and 24 Memoranda of Understanding (MoUs) with the Sultanate of Oman, in the presence of Deputy Prime Minister for Energy Affairs and Minister of Oil, Hayan Abdul-Ghani Al-Sawad. The MoUs covered multiple fields, including energy and oil. They […]
By John Lee. Prime Minister Mohammed Shia' Al-Sudani presided over the Tax Conference for Economic Development and Investment Promotion in Baghdad, stressing that supporting the private sector is central to Iraq's economic reform agenda. He highlighted the government's commitment to providing an attractive environment for investors, implementing global business and taxation standards, and ensuring flexibility […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani on Wednesday launched the construction of Al-Kriat [Al-Kari'a] Bridge over the Tigris River as part of the Baghdad reconstruction campaign, specifically targeting the revitalisation of the holy city of Kadhimiya. The work will be carried out by Turkish company HSY Yapi Insaat and Lebanon's Khatib & Alami. […]
By John Lee. Prime Minister Mohammed S. Al-Sudani has reaffirmed his government's commitment to upgrading Baghdad International Airport (BIAP), chairing a high-level meeting to advance a public-private partnership (PPP) project aimed at overhauling Iraq's main aviation hub. Attended by representatives from the International Finance Corporation (IFC), the Prime Minister's advisors, and the Head of the […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani has officially launched construction on the New Sadr City project in Baghdad. The project covers 4,000 dunams [400 hectares; 1,000 acres] between the Al-Maamel area and the edge of the existing Sadr City. It will feature 60,000 housing units of various sizes, fully integrated with public services […]
By Madeleine White Reflections on Trade+ Impact summit, in Ifrane, Morocco 19-23rd September 2016 Madeleine is co-founder of Nina magazine, Impact director of Enterprise development NGO Challenges Worldwide (a founder member of the Access to Finance for Rural Enterprise (ACRE) consortium). Madeleine contributed to discussions around the importance of impact investment and social enterprise within wider economic […]
By Simon Kent. Foreign Direct Investment (FDI) is rising again in Iraq, The Wall Street Journal reports. The piece notes General Electric's billion dollar contract in January, which is of course government spending, to highlight how multi-nationals are increasingly confident as the self declared Islamic State begins to collapse. The piece also notes how FDI is […]
By Robert Tollast. The following opinions are the author's only, and do not necessarily represent the views of Iraq Business News. Despite the grim headlines, the main challenge for doing business in many parts of Iraq is not really security, it is still bureaucracy and a lack of clarity regarding who is responsible for different […]
