By John Lee. Iraq's Prime Minister Mohammed Shia Al-Sudani launched the execution phase of multiple school construction projects in five provinces via video conference on Sunday, as part of Phase One of the Eduba Project, implemented through the private sector under the Iraq Development Fund. The first phase includes school construction in: Sabaa Qusour, Baghdad […]
By John Lee. Iraq's Ministry of Planning has held an election conference to select members of the Permanent Council for Private Sector Development. Minister of Planning, Dr. Muhammad Ali Tamim, highlighted the years of collaborative efforts that led to the council's formation, emphasizing its role in decision-making and as a fundamental partner in economic development. […]
By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani inaugurated two private sector pharmaceutical plants for antibiotics (cephalosporin) and immunosuppressive drugs on Saturday, as part of the government's pharmaceutical localization program, which is a priority in the government's agenda. The Prime Minister inspected the pharmaceutical plant operations, which rely on cutting-edge global technology from the […]
By John Lee. Iraq's Prime Minister, Mohammed Shia' Al-Sudani, emphasized the importance of private sector partnerships to reduce reliance on imports and meet domestic industrial needs. On Thursday, Al-Sudani oversaw the signing of three industrial contracts with private companies to boost production in the fertilizer and chemical sectors: A 1 million ton/year urea fertilizer plant […]
By Ahmed Tabaqchali, Chief Strategist of AFC Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Private Sector Loan Growth to Fuel Economic Recovery The market, as measured by the Rabee Securities RSISX USD Index, was up 8.4% in September, and up 79.4% […]
By John Lee. Iraqi Prime Minister Mohammad Shia Al-Sudani chaired a meeting this week to discuss the current state of the industrial sector in Iraq and the launch of a new industrial initiative to boost this sector. The meeting was attended by advisors and private sector representatives. The meeting discussed the initiative, which includes reviewing […]
By John Lee. Iraqi Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein met with Odile Renaud-Basso, President of the European Bank for Reconstruction and Development (EBRD). The meeting focused on ways to enhance bilateral relations between Iraq and the bank, with a focus on strengthening the private sector in Iraq and digitizing the […]
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraqi economic capital engulfed in trash, suffers from dilapidated electricity Japan is keen to assist Iraq develop its "weak" private sector by cooperating with Iraqi and Kurdish companies, the Japanese ambassador to Iraq, Futoshi […]
By John Lee. The Prime Minister, Mr. Muhammad Shia Al-Sudani, met on Sunday with a number of businessmen, investors and entrepreneurs in the private sector. During the meeting, they discussed the national economic situation, the prospects for the work of the private sector and its contribution to expanding job opportunities and development, and important obstacles […]
The Iraq Britain Business Council (IBBC) presented a webinar yesterday discussing a road map for the privatisation of the 176 state-owned enterprises (SOEs) in Iraq. Discussions were based on the recently-published IBBC paper, The Privatization of Iraqi State-owned Enterprises, the lead author of which was Professor Frank R. Gunter, of Lehigh University. The paper can […]
From the Iraq Britain Business Council (IBBC): Please join IBBC webinar on The Privatization of Iraqi State-owned Enterprises, which will take place on July 6th from 1.00pm - 2.30pm UK time on Zoom. Please register for IBBC webinar here Professor Frank Gunter of Lehigh University joined by other Members of the IBBC Advisory Council has […]
New partnership supports private sector development in Iraq's Kurdistan Region The United Nations Development Programme (UNDP) in Iraq and the Kurdistan Regional Government's Ministry of Planning (MoP) have today signed a new Memorandum of Understanding (MoU) that will boost the private sector by encouraging the growth of micro, small and medium enterprises (MSMEs). The MoU […]
