Archive | Iraq Industry & Trade News

Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.

IBBC completes Largest Ever Trade Mission to Baghdad

IBBC completes Trade Mission to Baghdad with largest ever delegation of UK, International & Iraqi Businesses 9-12 Feb 2019 The Iraq Britain Business Council (IBBC) visited numerous Iraqi government ministers and officials during a highly successful trade mission to Baghdad on 9-12 February 2019. The delegation was the largest ever led to the Republic of […]

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GE, Siemens Electricity Deals “in Doubt”

By John Lee. The Financial Times has reported that the recently-agreed electricity deals with Siemens and General Electric (GE) are not certain to be approved. It quotes Minister for Electricity Luay Al-Khatteeb (pictured) as saying: “I don’t have financial allocations or the processes available at hand, it doesn’t allow me to cherry-pick the right consultancies […]

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PM welcomes Increased Cooperation with UK

By John Lee. Prime Minister Adil Abd Al-Mahdi received Baroness Emma Nicholson, the Chairman of the Iraq Britain Business Council (IBBC), at his office on Sunday to discuss cooperation between Iraqi and British businesses, and proposed investment projects in Iraq. The Prime Minister said that stability in Iraq provides an opportunity to increase reconstruction efforts, […]

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IBBC signs MoU with the German Counterpart

IBBC signs Memorandum of Understanding with the German Liaison Office for Commerce & Industry The Iraq Britain Business Council (IBBC) and the German Liaison Office for Industry and Commerce in Iraq (DWI) have signed a Memorandum of Understanding (MoU) to increase cooperation between the organisations to support and grow trade between the UK, Europe and […]

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Iran, Iraq Deal to Boost Cooperation in Electricity

High-ranking officials from Iran and Iraq on Friday signed two memorandums of understanding (MoUs) and a contract to boost cooperation between the two countries in the electricity industry. At the end of his three-day visit to Iran, Iraqi Minister of Electricity Luay al-Khatteeb signed two MoUs and a contract on the electric industry with Iranian […]

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Iraq Gains one place in Transparency Ranking

By John Lee. Transparency International has said that Iraq’s ranking has risen one place in its global Corruption Perceptions Index (CPI). From a total of 180 countries, Iraq came in at number 168; last year’s position was 169 out of 180 countries. This result puts it on equal ranking with Venezuela, behind countries such as […]

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Turkey to provide $5bn Loan to Iraq

By John Lee. Turkey will reportedly provide around $5 billion in loans for the reconstruction of Iraq. According to Anadolu Agency, Foreign Minister Mevlut Cavusoglu (pictured) told a meeting in Istanbul on Sunday: “We will provide $5 billion credit … We have already begun coordination of these works for the reconstruction of Iraq,” (Source: Anadolu Agency)

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Russia wants More Projects with Iraq

By John Lee. Russian Foreign Minister Sergey Lavrov has said that Moscow is very interested in increasing trade, economic and investment ties with Iraq. Following a meeting on Wednesday with Iraqi Foreign Minister Mohamed Ali Alhakim, he said: “In the field of investment, especially in the hydrocarbon sector, there is a very good result. Lukoil, […]

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