Archive | Iraq Industry & Trade News

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

Investment Opportunity in Glass Production

The State Company for Glass and Refractories Industry (SCG&R) [State Company for Glass and Ceramic Industries (SCGCI)], part of Iraq’s Ministry of Industry and Minerals (MIM), has announced an investment opportunity, sharing in management and production, according to investment Iraqi Law (No.22 of 1997 article 15 /III ) to moderate, increasing capacities, and improve quality for […]

IMF Revises Down GDP Forecast

By John Lee. The International Monetary Fund (IMF) has revised down its forecast GDP growth for Iraq from 0.5 per cent to a contraction of 3.1 per cent this year, due to the oil production cuts agreed within OPEC. Forecasts for 2018 and 2019 are 2.6 percent and 1.6 percent growth respectively. Consumer price inflation […]

Back to the Future: The Restoration of Iraq, and British Expertise

By Ashley Goodall. Back to the future.  The restoration of Iraq and British expertise. Iraq has been in the news for a generation and our perceptions have been coloured by conflict and the near destruction of the Middle East’s most wealthy and civilised country. In the 1970’s Iraq was not only a secular and relatively […]

UK Minister Renews Commitment to Iraq

The UK’s Minister for the Middle East, Tobias Ellwood, met with political leaders in Baghdad and Erbil to reaffirm the UK’s commitment to defeating Daesh and support efforts to bring unity to Iraq. In Baghdad, Minister Ellwood met with Prime Minister Haider Al-Abadi, Foreign Minister Ibrahim Al-Jaafari, and Speaker of Parliament Salim Al-Jibouri, to emphasise […]

Korea wins $100m Contract for Vote-Counting Machines

By John Lee. South Korea’s Miru Systems has signed a $100-million deal to supply vote-counting machines to Iraq’s Independent High Electoral Commission (IHEC). According to a report from Yonhap, Baghdad is reportedly considering using Miru’s vote-counting equipment and solutions in the September local elections for the first time, ahead of a parliamentary vote planned for next […]

NIC Announces Investment Opportunity in Baghdad

By John Lee. The National Investment Commission (NIC) has announced an investment opportunity to rehabilitate, modernise and develop the Cultural Industrial Center, which is managed by the Ministry of Industry and Minerals . The Center administration is inviting Iraqi, Arab and foreign specialized companies to participate through visiting the center situated in Baghdad/ Baladiyat/ al- […]

Iraq: Confidence is in the Air

At a major Iraqi business event on Monday, there was a strong sense that Iraq’s fortunes are turning a corner, with the Islamic State group (IS, ISIS, ISIL, Da’esh) on the retreat, and substantial export funding newly available for projects in the country. More than 250 delegates attended the Iraq Britain Business Council (IBBC)‘s Spring […]

Jordan, Iraq seal Economic Protocols

Jordan and Iraq have signed minutes of a Jordanian-Iraqi joint committee meetings which entails boosting trade exchange and speeding up construction of the oil pipeline between the two countries. The protocols also encompassed encouraging Iraqi investors in Jordan and opening the border post of Turabil, the main crossing point between Jordan and Iraq, and identifying […]

Iraq Ranks 117th in World Happiness Ranking

By John Lee. Iraq has ranked 117th out of 155 countries in the latest World Happiness Report. The report, produced by the Sustainable Development Solutions Network (SDSN), contains analysis from leading experts in the fields of economics, neuroscience, national statistics, and describes how measurements of subjective well-being can be used effectively to assess national progress. […]

Investment Opportunity in Iraq’s Industrial Sector

The Iraqi Cement Company in coordination with the National Investment Commission (NIC) are pleased to announce the investment opportunities for : Fallujah White Cement Plant Babil Cement Plant The Lime Plant in the Holy City of Karbala We invite specialized Iraqi, Arab and International companies, investors and financers to participate in these investment opportunities to […]

UK MP: “Huge Potential for Growth in Iraq”

Ms Tasmina Ahmed Sheikh MP, Trade and Investment spokesperson for SNP, gives Keynote Speech to members at Council Meeting Dinner of the Iraq Britain Business Council (IBBC): “Huge potential for growth in Iraq”: Thank you very much for that warm welcome, and the invitation to speak to you all this evening. If it wasn’t already […]