Iraq Industry & Trade News Archives - Panorama Insurance Brokers

COVID-19 and Environmental Sustainability in Iraq

Impact of COVID-19 on Environmental Sustainability in Iraq Impact of COVID-19 on Environmental Sustainability in Iraq is the fifth in a series released by UNDP on the impact of COVID-19 in Iraq. It emphasizes how the pandemic has exacerbated Iraq’s environmental fragility, which was already affected by legacies of conflict, lack of significant public sector and governance reforms, loss of… Read More

PM Pushes Economic Cooperation with Egypt

By John Lee. Prime Minister Mustafa Al-Kadhimi has received a delegation from the Egyptian General Authority for Investment and Free Zones, headed by Counselor Mohamed Abdel-Wahab. The Prime Minister stressed the importance of cooperation and economic ties between Iraq and Egypt, and expedited the completion of the integrated industrial zone that was agreed to be… Read More

Armenia opens Consulate General in Erbil

By John Lee. Armenia has opened a Consulate General in Erbil. Arshak Manukyan, the Consul General of Armenia in Erbil, delivered opening remarks at the event, welcoming guests and presenting the goals and upcoming programs of the diplomatic mission. The Consul General noted that due to active contacts with the counterparts from Iraqi Kurdistan during… Read More

Iraq to buy Chinese COVID Vaccine

By John Lee. The Iraqi Cabinet held its weekly meeting on Tuesday under the chairmanship of Prime Minister Mustafa Al-Kadhimi. At the start of the meeting, the Prime Minister praised the efforts of state institutions and agencies to ensure the implementation of curfew regulations, and thanked all citizens for adhering to preventative health measures. Following… Read More

Baghdad Firm to import US Cosmetics

By John Lee. AA for Global Trading and Commercial Agencies has been appointed exclusive agent and distributor in Iraq for the American E.T. Browne Drug Company. The Baghdad-based company says it has already started importing, marketing and distributing skin care, beauty and hair products of one of the company’s top brands, Palmer’s. (Source: AA)

ICSID Denies Agility’s $380m Claim against Korek

Kuwaiti-based logistics provider Agility has said foreign investors “should think carefully about the perils of investing” in Iraq, following a ruling by an international arbitration panel to deny its claims that Iraqi officials expropriated $380 million invested by Agility in an Iraqi telecom company. The ruling, by a panel constituted by the International Centre for… Read More

Coronavirus: Iran to Shut Border with Iraq

Iran’s minister of interior unveiled plans to shut the border with Iraq in the southwestern province of Khuzestan in order to contain a new wave of the coronavirus pandemic. Speaking to reporters on Saturday, Abdolreza Rahmani Fazli said the Coronavirus Fight National Headquarters has made new decisions to control the coronavirus in Khuzestan province, where… Read More

Applications Open for Business Incubator Program

By John Lee. Applications are now open for the Orange Corners Baghdad incubation program. If you have an innovative e-commerce idea or solution, this program will advance you in the entrepreneurial world in just six months. Orange Corners Baghdad supports Iraqi youth in bringing their entrepreneurial ideas to life. Through a six-month incubation programme, it… Read More

More Details on Iraqi Solar Projects

By John Lee. Oil Minister Ihssan Abdul-Jabbar Ismail has given further details of the seven “alternative energy” plants that will be built, clarifying that they will all be solar power plants. The projects will have a combined capacity of 750MW, with the largest being a 300-MW facility in Karbala. There will also be plants in… Read More

KRG to Tax Internet and Telecom Companies

From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. KRG will see 20 billion dinars monthly from new corporate tax on internet and telecom companies: official The Kurdistan Regional Government (KRG) will attempt to bring in nearly 20 billion dinars [approx $13.7 million]… Read More