Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
Building on the momentum created by the Gulf Cup, the Iraq Britain Business Council (IBBC) Managing Director, Christophe Michels visited Kuwait and Basrah to discuss the strengthening of business partnership between Kuwaiti and Basrawi businesses. Joined by IBBC Founder Member, Sara Akbar, meetings were held with the Kuwaiti Chamber of Commerce, the Iraqi Ambassador to […]
By John Lee. Mobile phone service Asiacell has reported an increase in customers and data traffic, but a drop EBITDA. In its financial results for the year ended 31 December 2022, parent company Ooredoo said: "Asiacell reported solid Revenue for the year 2022, reaching a total of QAR 3.7 billion. However, the EBITDA saw a […]
President Nechirvan Barzani welcomes new Japanese Ambassador President Nechirvan Barzani received the incoming Japanese Ambassador to Iraq, Mr. Futoshi Matsumoto, in Erbil on Wednesday. The meeting focused on the relations of Iraq and the Kurdistan Region with Japan, and ways to further strengthen bilateral ties. President Nechirvan Barzani congratulated Ambassador Futoshi on assuming the office […]
The International Development Bank (IDB) has joined the Iraq Britain Business Council (IBBC) and adds momentum to the Iraqi financial services group at the Council. The International Development Bank now has the largest banking network in Iraq, with over 250 ATM machines and 5,000 selling points, as well as a massive IT infrastructure to provide […]
U.S. Ambassador to Iraq Alina Romanowski's Remarks Virtual Roundtable Discussion with the U.S.-Iraq Business Council January 31, 2023 I am pleased to meet with members of the U.S.-Iraq Business Council. You represent some of the finest companies in the United States, and some of you know Iraq very well. Let me begin by providing a […]
By Winthrop Rodgers, for Rest of World. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Why cash is still king in Iraq After decades of war, displacement, and sanctions, Iraq remains cut off from the global financial system. Click here to read the […]
By John Lee. Prime Minister Mohamed Shia Al-Sudani met on Thursday evening in Abu Dhabi with a number of Emirati businessmen and heads of prominent companies, on the sidelines of his official visit to the United Arab Emirates. The meeting included a review of the available prospects for investment and economic cooperation with Iraq, and […]
By John Lee. The Central Bank of Iraq (CBI) has reportedly confirmed an agreement with J.P. Morgan Development Finance Institution to facilitate payments to China in order to finance private sector imports. According to the state-owned Iraqi News Agency (INA), this agreement enables Iraqi banking systems to make payments directly to the People's Republic of […]
By John Lee. US bakery and café chain Cinnabon has reportedly entered the Iraqi market. According to World Coffee Portal, the Focus Brands-owned operator has opened a store in Baghdad's Al Jadiriyah neighbourhood. Founded in Seattle in 1985, Cinnabon currently operates more than 1,600 franchise locations worldwide, primarily in high-traffic venues such as shopping malls, […]
By John Lee. Iraq's Minister of Industry and Minerals, Professor Dr. Eng. Khaled Battal Al-Najm, met with the French Ambassador to Iraq, Mr. Eric Chevalier, on February 7, 2023, in the presence of a representative from the Iraqi Ministry of Foreign Affairs. The Minister expressed his desire to enhance cooperation with France in various industrial […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Deep Dive: Will Iraq's central bank bring an end to the dinar crisis? The Iraqi dinar has since mid-December plummeted on the parallel market, trading for as low as 1,750 against the US […]
Iraq Reform, Recovery and Reconstruction Fund I3RF : Trust Fund Annual Progress Report to Development Partners 2022 The Iraq Reform, Recovery and Reconstruction Fund (I3RF) was founded in partnership with the Government of Iraq in 2018 and is funded by Canada, Germany, Sweden and the United Kingdom.The Trust Fund provides a platform for financing and […]
