A trade delegation from the Kurdistan Region is expected to visit Britain and Ireland next week, seeking to form and consolidate trade relations, a regional government official said on Monday. The delegation will be made up of government officials, businessmen and Investment Board members. Dara Jalail Khayat, head of the Kurdistan Regional Government (KRG)'s Chamber […]
The following article was published by Reidar Visser, an historian of Iraq educated at the University of Oxford and currently based at the Norwegian Institute of International Affairs. It is reproduced here with the author’s permission. The opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. […]
As agriculture in Iraq grows and evolves, many farmers, packing house operators, wholesalers and food suppliers have questions about its future. They wonder whether produce will be sold in stalls or in supermarkets. They question the impact imported goods will have on Iraqi-raised products. To facilitate discussions about the future of agriculture in Iraq, the […]
Zain's Iraq subsidiary is preparing for an initial public offering (IPO) on the Iraq Stock Exchange that will raise an estimated $80 million [96 billion Iraqi dinars] for a 20% stake, the Kuwait Arabic daily al-Qabas reports. As a condition of its operating licence, the company is required to list its shares on the Iraqi […]
Faruk Group Holding, a group of companies with a diversified range of interests including telecommunications, cement manufacturing, hotels, medical services, properties, construction and IT, recently announced the upcoming launch of the first international boutique hotel, Copthorne Hotel, Baranan in Sulaymaniyah, Iraq. The Copthorne Hotel Baranan is a four-star hotel located in the tourist district of […]
The Iraqi Parliament ratified two memoranda and two letters containing the Japanese loan to finance a number of electrical and water projects on Sunday. The loan is reportedly valued at 87.84 billion Japanese Yen [$1.1 billion, 1.3 trillion Iraqi dinars]. A statement, issued by the parliamentary media center, said that the loan is "to rebuild […]
Iraq's State Company for Shopping Centers / Ministry of Trade has invited national, Arab and foreign companies specialized in the design, construction and management of modern shopping malls to indicate their interest in investing in the estate lands mentioned in the table shown below: No. The Location and Type of the estates Details & Description […]
Shell and Mitsubishi are preparing to begin a delayed $12.5 billion natural-gas project in Iraq, according to a report from Bloomberg. Vice president and country chairman Hans Nijkamp said in an interview published on the website of Energy Exchange, organizer of an Iraqi energy conference to be held in Istanbul in September: “Shell and Mitsubishi […]
Osama al-Nujaifi, the Iraqi parliament speaker, has told Al Jazeera that the amount of Iraqi money unaccounted for by the US is $18.7bn - three times more than the $6.6bn we reported last week. Al-Nujaifi is scheduled to visit the US soon and discuss the missing Iraqi billions. He said that he received a report […]
In July, Shell will start installing 15 production wells and pipelines in the Majnoon oilfield in southern Iraq, Vice president and country chairman Hans Nijkamp told the website of Energy Exchange. It will also upgrade two degassing stations and build “a new central processing facility to include two new 50,000 bbl/d capacity early production systems”. […]
Iraq's core annual inflation rose to 6.3 percent in May from 6.1 percent in April, a senior official at the Central Bank of Iraq told Reuters on Sunday. The agency reports that the figure is driven by the cost of imported goods and services, especially healthcare. Inflation had previously risen from 5.5% in February to […]
The Iraq Stock Exchange has announced that it has launched the dissemination of real time and delayed Iraq Stock Exchange (ISX) market data in conjunction with DirectFN, popularly known as Mubasher in the Middle East. The launch is part of the ISX plan to allow local and foreign investors to view real-time stock prices for […]
