Archive | Iraq Industry & Trade News

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

Iraqis Offer Turkish Firms $200m Project in Baghdad

By John Lee. Following a visit by the Turkish Prime Minister Binali Yıldırım (pictured) to Iraq last week, an Iraqi business delegation has come to Turkey and proposed a $200-million construction project in Baghdad to Turkish businessmen. Tevfik Öz, a member of the board of the Turkish-Iraqi Business Council, told Daily Sabah that the Iraqi […]

Nearly Half of Kurdish Businesses Pay no Tax

From Rudaw. Re-published with permission by Iraq Business News. Of nearly 25,000 registered companies in the Kurdistan Region, only around 13,000 of them pay corporate income tax, according to a new report from the Directorate of Taxes and Public Properties in Erbil. General manager of the directorate, Dr. Kamal Tayyib, told Rudaw the systematic tax […]

S Korea keen to Improve Ties with Iraq

By John Lee. South Korea’s Acting President and Prime Minister has asked for Iraq’s cooperation in bolstering economic cooperation. During a meeting with Iraq’s Foreign Minister Ibrahim Al-Jaafari in Seoul on Monday, Hwang Kyo-ahn (pictured) said: “The two countries have developed their cooperative ties based on a long history of cooperation and a mutually complementary […]

Int’l Interests vie for Control of Iraq-Syria Border

This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. International Interests Line Up To Take Control Of Iraq-Syria Border As the fight against the extremist group known as the Islamic State continues to succeed, albeit at a slower pace […]

Iraq Duty Free wins Ten-Year Contract Extension

By John Lee. Iraq Duty Free has reportedly had its exclusive duty free contract at Baghdad and Basra airports extended by ten years to 4th March 2029. According to The Moodie Davitt Report, the contract was awarded by the Iraqi Civil Aviation Authority (ICAA) and Ministry of Transport to Iraq Duty Free’s parent company Financial […]

Levarht enters Iraq Fruit & Veg Market

By John Lee. Netherlands-based fruit and vegetable grower Levarht has sent its first air-freight shipment to Iraq, which arrived at Erbil airport. The company said it expects to make weekly shipments of high-quality fruit and vegetables, including soft fruit, tomatoes, bell peppers, herbs, lettuce and potatoes. A spokesperson said that because of the unrest in […]

Japan Opens Consulate in the Kurdistan Region

Kurdistan Regional Government Prime Minister Nechirvan Barzani met with Japanese State Minister for Foreign Affairs Kentaro Sonoura and his accompanying delegation. In the meeting, attended by Deputy Prime Minister Qubad Talabani, the Japanese Minister reaffirmed his country’s position to further strengthen its relations with the Kurdistan Region, by opening its consulate in Erbil on Wednesday. […]

Video: Turkey PM in Iraq to boost ties

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Turkey’s Prime Minister Binali Yildirim is in Iraq to bolster Ankara’s role in the fight against ISIL. He has met his Iraqi counterpart Haider al-Abadi in Baghdad and is now in Erbil, where […]

UK Pharma Startup Exports Medicines to Iraq

By John Lee. CurePharma, a UK-based medicines and pharmaceuticals wholesaler and distributor, has exported the first consignment of British manufactured medicines to Iraq. The consignment of prescription and over-the-counter medicines, worth around £50,000 in current prescription and retail values, was sent to a large pharmaceutical distributor in Baghdad, from which it will be delivered to […]

IBBC Celebrates Successful Inaugural Conference in Dubai

More than 180 expert speakers and delegates from the UK, Iraq, UAE and abroad gathered in Dubai at The Address Dubai Marina on Sunday 18 December for the Iraq Britain Business Council’s (IBBC) Autumn Conference. Usually held in London, the well-attended conference marked the first time the IBBC has held an event in the UAE, […]

Iraqi-French Business Council Economic Forum

The Iraqi-French Business Council Economic Forum was held in Bagdad on the 1st of Dec. 2016 in its 10th session under the joint patronage of the Iraqi and French governments. The Forum activities opened with a welcoming speech by Dr. Sami Al- Araji, NIC Chairman through which he reviewed the history of establishing the Iraqi […]