Archive | Investment

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

‘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 […]

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Increasing Number of UAE Investments in Basra

A number of UAE companies wanting to launch investment projects in Basra province has increased in recent weeks, said a spokesman for Basra’s governor on Sunday. “Basra province received more than four UAE companies within a month,” Salem Al-Taqi, told AKnews. [We assume that “more than four” means “five” – Ed.] “Basra’s governor, Sheltag Aboud, […]

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Investors unimpressed with hotels’ good news

On August 11, the Iraqi paper Addustour (Constitution) reported that the government would be providing six hotels with a total of US$ 300 milion to upgrade their facilities in preparation for the Arab League summit, which is scheduled to be held in Baghdad next March. The six—the ISX-listed Palestine (HPAL), Babylon (HBAY), Baghdad (HBAG), Mansour […]

$100 Billion Invested in Baghdad

The value of investment projects in the Iraqi capital has reached $100 billion [120 trillion Iraqi dinars], the Baghdad Mayoralty said on Tuesday. “The investments are in the housing, hotels, malls, theme parks, and resorts sectors,” the mayoralty said in a press release received by Aswat al-Iraq news agency. It noted that the Baghdad Mayoralty […]

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Indian Companies to Invest in Basra

A delegation representing Indian companies is visiting Basra to learn about investment opportunities in the province, according to a report from Aswat al-Iraq. “The delegation, which consists of a number of Indian companies, held talks with the second deputy governor, Ahmad al-Hasni, on Thursday, regarding investment opportunities in different fields in Basra,” the source told […]