Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. Turkiye's exports of citrus exports to Iraq have reportedly jumped 399 percent in the period January to April. According to Turkish news agency Daily Sabah, Iraq was Turkiye's second biggest market (after Russia) for citrus fruit, with sales of $90.2 million. Included in this figure were: Tangerines: $32 million - an increase […]
By Simon Watkins for the OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. The Oil Deal That Represents the West's Final Chance to Regain Influence in Iraq US seeks influence in Iraq via French oil giant TotalEnergies' $27-billion deal. The deal aims to […]
By Soner Cagaptay, Selin Uysal, and Bilal Wahab, for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. The Iraq-Turkey Reset From water rights to PKK violence, a recent summit seemed to remove several long-festering thorns from the […]
From the Iraq Britain Business Council (IBBC): Professor Frank Gunter launches a new white paper on de dollarisation of Iraqi economy Professor Frank Gunter publishes a new paper commissioned as part of a series by IBBC's advisory council on the challenges of de-dollarisation for Iraq. The Advisory Council members and IBBC members have actively contributed […]
By John Lee. Smart phone sales in Iraq have reportedly grown by 112 percent over the past year. According to research by Singapore-based analysts Canalys, the growth was driven by strong demand for sub-US$200 devices and Chinese vendors offering better color, material and finish (CMF) devices at affordable prices. (Source: Canalys)
By John Lee. The Iraqi Cabinet has approved recommendations from the Ministry of Industry and Minerals (Industrial Development and Regulation Directorate) to impose an additional customs tariff of 50 percent on imported paper bags used for packaging cement. The new measure will come into force after 120 days, and run for four years, during which […]
By John Lee. Qatar has opened a General Consulate in Erbil. At a ceremony to mark the occasion, KRG Prime Minister Masrour Barzani said: "The opening of the Qatari General Consulate will significantly bolster our relations, particularly in trade, agriculture, culture, and higher education. "Qatar has valuable experience in investment, construction, energy, and industry. The […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Inside story: Saudi Arabia opens up to Iraq's Shiite shrines Indicating a changing approach to Iraq, Saudi Ambassador to Baghdad Abdulaziz Al-Shammari has paid a highly publicized visit to a major Shiite shrine […]
By John Lee. Capturiant, which describes itself as "the world's first energy-derived carbon credit and environmental asset authenticator, registry, and regulated exchange", has announced its first Middle Eastern franchise in Iraq, in partnership with Sharp Mind Global Ventures Inc., a Canada-based company with a branch in Iraq. According to a press release from Capturiant: This […]
By John Lee. Iraq's General Directorate for Industrial Development (GDID) has launched a new loan mechanism for small, medium, and micro enterprises (MSMEs). The loans are made in conjunction with the Central Bank of Iraq (CBI), and can be worth up to 20 million Iraqi dinars ($15,000) per loan. Dr. Ali Ibrahim Janaan, Director General […]
By John Lee. The Iraq Development Fund Board, chaired by Prime Minister Mohammed Shia' al-Sudani, held its third meeting on Monday in the presence of the Minister of Finance, the Minister of Planning, and the Minister of Construction, Housing, Municipalities, and Public Works. The meeting discussed the projects included in the Fund's work plan, attracting […]
By John Lee. The Iraq Britain Business Council (IBBC) has announced the addition of MHDInternational to its network. According to a statement from IBBC: "MHDInternational, an engineering consultancy with operations throughout UK and the Middle East, joins IBBC in our mission to promote sustainable development and economic growth in Iraq ... "MHDInternational is also introducing […]
