Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. PricewaterhouseCoopers (PwC) has published "Doing Business in Iraq 2024 - a Tax and Legal Guide". The guide is intended to provide an introduction to the taxation and legal aspects of doing business in Iraq, particularly from the perspective of the items an inbound investor will have in mind. Click here to download […]
By John Lee. The Amman Chamber of Industry (ACI)'s exports to Iraq climbed by 9 percent in the first half of 2024. Total exports to Iraq were 440 million Jordanian dinars [USD 621 million], up from 403 million JD for the same period in 2023. This put Iraq in fourth place, behind India, the United […]
By John Lee. The International Maritime Organization (IMO) has said that Iraq is embracing the move to digitalize its maritime sector, with plans to establish a maritime single window for the major ports of Umm Qasr (North and South). A team of IMO experts completed a mission to Basra (30 June - 4 July) to […]
By John Lee. The Chairman of the Federation of Saudi Chambers, Hassan Al-Huwaizi, has met in Riyadh with the Chairman of the Iraqi-Saudi Parliamentary Friendship Committee, Sheikh Shaalan Al-Karim. According to a press release from the state-run Saudi Press Agency (SPA), the meeting explored investment and trade prospects and emphasized the importance of legislation that […]
By John Lee. Ali Mohsen Al-Alaq, Governor of the Central Bank of Iraq (CBI), chaired a meeting on the regulation of e-commerce in Iraq, with participation from relevant authorities. The meeting discussed controls and consumer protection measures, focusing on registration procedures and obtaining licenses for e-commerce activities. The committee defined service providers and established a […]
By John Lee. Iraq's Minister of Electricity, Engineer Ziyad Ali Fadel, has announced that Iraq's electrical system has reached an unprecedented production rate of 27,000 MW. A statement from the Ministry says that this is an increase of 3,000 MW on the same period last year. The minister attributed this success to the continuous support […]
By Padraig O'Hannelly. The Iraq Britain Business Council (IBBC) has awarded this year's Rasmi Al Jabri Annual Award for Excellence to Ms Hadeel A Hasan of Al Hadeel Al Hasan Law (HHL). Baroness Nicholson presented the 'Infinity Medallion' to Ms Hasan at the IBBC's Spring Conference in London's Mansion house on Tuesday, in the presence […]
By John Lee. Azerbaijan and Iraq have agreed to hold a meeting of the Azerbaijan-Iraq Business Forum in Baku in the near future. Nasir Mammadov, the Ambassador of Azerbaijan to Iraq, made the announcement following a meeting with the Chairman of the Federation of Iraqi Chambers of Commerce, Mr. Abdul Razzaq al-Zuhairi. The meeting also […]
By John Lee. The Erbil-based Engineering Association for Development & Environment (EADEORG) has won a contract with the United Nations Office for Project Services (UNOPS) for an environmental awareness campaign in Anbar and Ninewa. The contract is valued at $59,481. Founded in 2012 as a grassroots non-governmental organization (NGO), EADEORG says it was established with […]
From the Iraq Britain Business Council (IBBC): The IBBC 15th Anniversary Mansion House conference presented a range of engaging ministerial and business attendees. As Iraq's economy is expanding and diversifying, the delegates reflected this in the range of topics and debates. Baroness Nicholson and Christophe Michels welcomed everyone at this milestone time and thanked all […]
By John Lee. Iraq's Ministerial Council for Economy has approved recommendation 24172 Q, which includes the approval of the Coordinating Committee's meeting minutes. This decision exempts fertiliser contracts from the contracting methods stipulated in the Government Contracts Execution Instructions (2 of 2014) and the Federal General Budget Facilitation Instructions for 2023-2025. The exemption pertains to […]
By John Lee. On a recent webinar organised by the Iraq Britain Business Council (IBBC), Professor Frank Gunter of Lehigh University explained the causes and effects of Iraq's dual exchange rate. The three reasons why Iraq has two exchange rates are: Excessive Demand for US Dollars Internationally: There is a high demand for US dollars […]
