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New Iraqi Parliament Meets for First Time

Iraq’s new parliament met on Monday for the first time since elections were held on 7th March. According to Voice of America, “the session adjourned quickly, because parliament members had not ironed out the main items on the agenda”. The session is still technically ‘open’, but suspended indefinitely, so as not to trigger a constitutional […]

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Welcome to the ‘Your Country’ Pages

Welcome to this latest initiative from Iraq Business News. The ‘Your Country’ pages carry useful information specific to businesses from participating countries. The first to be launched is the United Kingdom, and we plan to add other countries over the coming weeks and months. If you would like to see your country represented please contact […]

Turks Seek Projects in Karbala

A delegation representing two Turkish companies expressed readiness to implement health and housing projects in Karbala, the head of the Karbala council said on Tuesday. “The Turkish delegation presented housing and health proposals to be implemented in Karbala, including the establishment of two specialized hospitals,” Mohammad al-Moussawi told Aswat al-Iraq news agency. “The local government […]

Asiacell at 7th Media Telecommunications Conference

Asiacell, one of the largest private Iraqi companies and the first mobile telecommunications company to provide coverage for all of Iraq, announced its participation in and sponsorship of the 7th annual Media and Telecoms Convergence Conference that was held under the patronage of Her Highness Princess Sumaya Bint Al Hassan on the 7th and 8th […]

Lack of Water Could Shut Thermal and Hydro Power Plants

Low water levels from the Tigris and Euphrates rivers may force Iraq to shut down its thermal and hydro power plants, a government spokesman said. The spokesman, refusing to be named, said the volume of water reaching Iraq from the two rivers, which originate in Turkey, had fallen to unprecedented levels and may eventually not […]

French Navy Makes First Call in 32 Years

A French navy ship with 95 sailors on board docked Tuesday at the southern Iraqi port of Umm Qasr, in the first such visit in 32 years amid French efforts to “revive” ties with Baghdad. The two-day stop by the Ducuing, a military dispatch ship, began with a reception organised by the Iraqi navy, who […]

S. Korean Ambassador Discusses Cooperation

The Iraqi Industry minister has received the South Korean ambassador to Iraq, and discussed with him methods of cooperation at different industrial levels. “The minister stressed that his ministry will employ all methods that support South Korean companies working in Iraq,” the Iraqi Industry Ministry said in a statement on Tuesday as received by Aswat […]

Hashimi Says Iraq Bids for Investments

While addressing the Conference on Interaction and Confidence building measures in Asia (CICA) held in Istanbul, Iraq Deputy President Tarek Al Hashimi said that Iraq has made progress in its journey towards building a prosperous economy through enticing foreign investments. Hashimi stressed the role of Asian companies in the oil and gas sector. The Deputy […]

First Int’l Economic Conference in Ninewa

The first international economic conference will be held in Ninewa on June 24, which will cover construction, trade, energy, agriculture and information fields, the Ninewa governor said on Tuesday. “Preparations are underway to hold the five-day conference in Ninewa next June 24,” Atheel al-Najiefi told Aswat al-Iraq news agency. The conference will be organized by […]

CBI Dollar Sales Up to $182m

The Central Bank of Iraq (CBI) dollar sales went up to reach $182.444 million in its daily auction Tuesday, compared to $82.740 million in the previous session. “The demand hit $4.690 million in cash, covered at an exchange rate of 1,183 Iraqi dinars per dollar, and $177.754 million in foreign transfers outside the country, covered […]

Turkish Consul Says to Increase Investments in Basra

The volume of Turkish investments in Basra is so big and we will increase the number of Turkish companies working in the city to 1000 next year, Turkish consul said on Monday. “Our main goal is to increase the number of Turkish companies working in Basra,” Ali Reda said during the inauguration of a fair […]

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