Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. President of Iraq, Abdul Latif Jamal Rashid, welcomed four newly appointed ambassadors to Iraq at Salam Palace in Baghdad on Monday, April 29, 2024: Bahrain Ambassador Khalid Ahmed al-Mansour; Malta Ambassador George A. Said Zammit; Portugal Ambassador Fernando d'Orey; and Angola Ambassador Jose Martinez. Separate ceremonies were held earlier in the day […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. In rare visit, Erdogan pushes for stronger Turkish stake in Iraq Despite the fanfare surrounding Turkish President Recep Tayyip Erdogan's tour of Baghdad and Erbil-his first in 13 years-ambiguities remain over longstanding grievances. A […]
From the Iraq Britain Business Council (IBBC): The IBBC Agritech Committee hosted the Iraqi Agriculture Minister, H.E. Abbas Jebur Al Maliky [Dr. Abbas Jabber Al-Maliki] for a three-day introduction visit to British agricultural capabilities, UK ministers, shadow ministers and IBBC members. Led by Dr Amet Selman of AAA Holding, the Agritech committee chairman, and Mr […]
By John Lee. Japan's Nissan Motor Corporation has appointed Al Sour as its official and registered distributor in Federal Iraq. According to a statement from Nissan, this strategic collaboration will commence with the establishment of several sales, service, and spare parts facilities across key cities, including Baghdad, Najaf, Mosul, and Zakho, as well as other […]
By John Lee. A drone attack on Friday evening has killed four workers at Khor Mor gas field in Sulaymaniyah province. Press reports say the dead were Yemeni nationals. Electricity supplies have also been disrupted. A KRG statement said that initial information suggested the attacks come from "a nearby region within Iraq"; KRG Prime Minister […]
By John Lee. Fitch Ratings has affirmed Trade Bank of Iraq's (TBI) Long-Term Issuer Default Rating (IDR) at 'CCC+', Short-Term IDR at 'C' and Government Support Rating (GSR) at 'ccc+'. Fitch has removed the Stable Outlook on TBI's Long-Term IDR, which was previously published in error. It says the rating reflects, "the absence of any […]
By John Lee. The Arab-British Chamber of Commerce (ABCC) has signed a Memorandum of Understanding with Baghdad Chamber of Commerce with the aim of developing a strong partnership to better serve their respective members. In a statement, they said this new initiative will enable them to be more responsive to meeting the needs of their […]
By John Lee. The Iraqi Ministry of Planning held a meeting with the German government to discuss development cooperation across various fields. The meeting, led by Dr. Saher Abdul Kadhim Mahdi, Director General of the International Cooperation Department, included the German Embassy's economic advisor and his delegation. The discussion covered development activities funded by Germany […]
By John Lee. Iraqi Prime Minister Mohammed Shia Al-Sudani and Turkish President Recep Tayyip Erdogan signed a strategic framework agreement on Monday in Baghdad, establishing a roadmap toward a comprehensive economic partnership between the two countries. The ceremony also saw the signing of several memoranda of understanding (MoUs) and agreements in various fields and sectors […]
By John Lee. The Iraqi Ministry of Planning has held a meeting to prepare the five-year National Development Plan (NDP) for 2024-2028. Led by Dr. Maher Hamad Johan, the ministry's Undersecretary for Technical Affairs, the meeting discussed upcoming steps for the plan, including design, printing, review, and formulation processes, as well as media campaigns for […]
From the Iraq Britain Business Council (IBBC): IBBC's 15th Anniversary Conference: Iraq's 'Opportunities and Insights' This is a big year for Iraq and IBBC as we celebrate our 15th anniversary and Iraq moves into a new prosperous and stable phase. As advocates for the private sector in Iraq, IBBC champions best practice, through our special […]
By John Lee. Iraqi Finance Minister Taif Sami met with World Bank Executive Director for Iraq, Abdulaziz Al Mulla, to discuss the World Bank's support for Iraq, including financial aid, technical support, and capacity building. Al Mulla emphasized the bank's commitment to supporting member countries and that Iraq would benefit from the World Bank's programs […]
