Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. A new paper from Kapita and Euphrates Ventures says that Iraq suffers from a lack of many services due to financial payment issues. "A few options are available in the market, yet those services are not up to international standards and are mostly only functional within Iraq," it says. Among the difficulties […]
By John Lee. The Irish Cabinet has reportedly approved a plan to establish an Iraqi embassy in Dublin. According to a report from The Journal, the Iraqi Government wishes to set up the embassy to develop relations with Ireland and provide consular assistance to Iraqi citizens living in Ireland. The Iraqi Cabinet approved the plan […]
By John Lee. The World Bank's International Center for Settlement of Investment Disputes (ICSID) has reportedly dismissed a German investor's claim arising out of the Iraqi Government's alleged takeover of a cement factory in Kirkuk. In the case (ICSID Case No. ARB/20/21), AHG Industry GmbH & Co. KG was said to be claiming $878 million […]
IBBC focused on 'Business Opportunities' at this year's Dubai Iraq Conference, 10 & 11 November Iraq Britain Business Council (IBBC)'s Dubai Autumn Conference this year is going to be significantly focused on 'Business Opportunities' for members and delegates, with the discussion of tangible investment and business opportunities throughout the sessions. Iraq has a bullish consumer […]
By John Lee. The Iraqi Cabinet has adopted the recommendation of the Ministry of Foreign Affairs regarding the opening of a Qatari general consulate in Erbil. Iraq reserves its right to open an Iraqi consulate in Qatar in the future, according to the principle of reciprocity. (Source: Iraqi Cabinet)
The Council of Ministers of the Kurdistan Regional Government (KRG) has discussed a bill to regulate the movement of agricultural products in the market and during importation in order to prevent the spread of agricultural diseases. The bill, which is the implementation of a Federal Law in the Kurdistan Region, was approved by the Council […]
By John Lee. Wolf Gyms and Al Burhan Group (ABG) have announced a joint venture to operate a 600-sq-meter, state-of-the-art gym and fitness facility at Baghdad International Airport (BIAP), which is open for members. The fitness center's soft opening is on the 14th October, with a full opening a month after. Wolf Gyms, which currently […]
By John Lee. Sardar Trading Agencies, the official distributor of Jaguar Land Rover in Iraq, has opened a new $12-million Jaguar Land Rover facility in Baghdad's Al Mansour district. According to a report from Iraq Britain Business Council (IBBC), the facility is a one-stop shop built on 6,000m² of land with a total build area […]
Iraqi private sector development company Kapita is running a Zoom webinar on "Startups Investment Awareness". The webinar will focus on investing for startup companies and the Iraqi Angel Investors Network (IAIN). Please click here to register. (Source: Kapita)
The UK's Chevening Scholarships programme is open for applications until 1st November 2022, at 12:00 (GMT). Chevening is the UK government's international scholarships programme. Funded by the Foreign, Commonwealth and Development Office and partner organisations, we offer awards to study in the UK for one year on a fully funded master's degree course. Successful Chevening […]
By John Lee. South Korea's Hanwha Engineering & Construction has reportedly abandoned construction at the giant Bismayah New City housing project near Baghdad. According to Korea Economic Daily, the decision was made having failed to receive payments for years from the Iraqi government. It says the company expects losses of up to $581 million if […]
By John Lee. Iran has said it will increase supplies of gas to Iraq. At a meeting in Isfahan with senior officials of the Iraqi Ministry of Electricity, the Director of the National Iranian Gas Company (NIGC), Mohammad Reza Joulaei, confirmed the increase, adding, "our relationship with Iraq is a strategic relationship." He said that […]
