Archive | Investment

Iraq Business News brings you the latest news of investments in Iraq, highlighting the many opportunities that exist.

168 Investment Permits, Worth $30m, in August

Iraq’s Industry Ministry granted 168 permits for new industrial projects during the month of August. “The total investment value of the projects is around $30.254 million [36 billion Iraqi dinars],” said a press release issued by the ministry on Wednesday, according to Aswat al-Iraq news agency. The projects are related to food, textile, wood, paper, […]

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Erbil Stock Exchange to Commence Trading Early 2011

The Erbil Stock Market will start trading during the first quarter of 2011, the project’s executive director said on Tuesday, explaining that the market startup capital will be around $10 million. “This market should become the strategic axis that will transform the economy of Kurdistan from relying on oil revenues to producing income through local […]

Lending still anemic at foreign-invested banks

Last month, Central Bank of Iraq governor Al-Shibibi told AFP he was hoping foreign banks would play a bigger role in developing Iraq’s financial system. From the banks’ point of view, he said, “the prospects are good, except for security.” But the foreign institutions that have already entered the Iraqi market through investments in local […]

‘More Than $1 billion’ Investments in Ninawa

The Ninewa Investment Commission has granted 28 investment permits for investments totalling “more than $1 billion” [1.2 trillion Iraqi dinars] in the province. “The permits were granted to local businessmen to invest in the fields of agriculture, industry, tourism, health and education,” a source from the commission told Aswat al-Iraq news agency. He explained that […]

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Russian Delegation Considers Investment in Basra

A delegation of Russian companies met with the chairman of Basra Council on Thursday to discuss investment opportunities in the city, a media official of the Basra council said. “A delegation of Russian companies’ representatives held a meeting with Jabbar Amin, with whom they discussed investment opportunities in the city,” Hashem Ubeidi told Aswat al-Iraq […]

Iraq Investors Wary but Optimistic

A survey of more than 300 senior executives by the Economist Intelligence Unit (EIU) found that foreign investors are still put off by violence in Iraq, but most companies believe the security situation will improve, despite the withdrawal of international troops. The EIU surveyed 367 senior executives from 52 countries about their perceptions of investment […]

JOBS IN IRAQ – Our New Free Service Starts Today!

We launch our new Jobs in Iraq page today on the IBN web site in response to reader demand. This is a free reciprocal service for Recruitment Agencies and Employers with jobs on offer in Iraq. For readers it provides a welcome source of employment options in a country crying out for skilled labour and […]