Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. The Central Bank of Iraq (CBI) said on Wednesday that it plans to allow trade from China to be settled directly in yuan, in a renewed attempt to stabilise the value of the Iraqi dinar. In a statement, it said foreign trade financing will be conducted through direct channels in China using […]
Continuing his meetings in Germany on the sidelines of Munich Security Conference last week, President Nechirvan Barzani met with His Excellency Sheikh Mohammed bin Abdulrahman Al-Thani, the Deputy Prime Minister and Minister of Foreign Affairs of the State of Qatar. The meeting focused on Qatar's relations with Iraq and the Kurdistan Region and their joint […]
By John Lee. On Wednesday, Iraq's Minister of Finance, Taif Sami Muhammad, met with a delegation from the International Finance Corporation (IFC), which is part of the World Bank Group. The delegation was headed by investment officer Mr. Julie Kalos and Mr. Bilal Rabah, the resident representative of the Corporation in Iraq. The meeting discussed […]
Remarks for the Ambassador's Keynote Speech at the Iraq Oil and Gas Show Saturday, February 18, 10:45 a.m. (Babylon Rotana Hotel) I have recently returned from Washington, D.C. where we had the privilege of hosting Foreign Minister Fuad Hussein and his 15-member delegation. This visit was historic. It was the first Higher Coordinating Committee that […]
By Ahmed Tabaqchali, for the Atlantic Council. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq needs to address the economy's structural imbalances to halt the dinar's volatility A planned implementation of global procedural requirements for cross-border payments by the Central Bank of […]
By John Lee. On February 13, 2023, the ambassadors of the Iraq Economic Contact Group (IECG), under German co-chairmanship, met with representatives of the Iraqi parliament's finance committee to exchange views on key economic reforms and ongoing budget negotiations. Ambassador Jäger reiterated the offer of support from the G7 countries to assist Iraq in furthering […]
Kurdistan Region Government (KRG) Prime Minister Masrour Barzani met with a number of entrepreneurs, investors, businessmen and representatives of several French companies at the headquarters of the Mouvement des Enterprises de France (MEDEF) in Paris. In the meeting, the Prime Minister highlighted the general economic situation in the Kurdistan Region and the reforms of the […]
By John Lee. Prime Minister Mr. Mohammed S. Al-Sudani, met on Friday with the British Foreign Minister, Mr. James Cleverly, on the sidelines of the Munich Security Conference. The meeting focused on bilateral relations and ways of developing them. They also discussed the regional and international developments, as well as discussing strengthening cooperation and partnership […]
By John Lee. Iraq's Council of Ministers has approved a list of additional import taxes aimed at protecting domestic producers: Imposing an additional customs fee of 65% on "epoxies and modern dyes" imported into Iraq from all countries and manufacturers for four years without reducing it and monitoring the local market while applying the additional […]
By John Lee. The Minister of Industry and Minerals, Prof. Dr. Eng. Khaled Battal Al-Najm, met with a delegation from the Sultanate of Oman to discuss opportunities for cooperation in the fields of phosphate and fertilizer industries. Iraq has a large stockpile of phosphates and is ready to partner with Oman to build a new […]
Kurdistan to export three more agriculture products in 2023 The Prime Minister of Kurdistan Region, Masrour Barzani, and his administration has been following a reform plan to develop the agricultural sector of the Kurdistan Region and to find domestic and international markets for local produce, consequently boosting and diversifying the region's economy. Within the framework […]
By John Lee. Iraq's Judicial Development Institute (JDI) has organized a workshop for judges of first-instance courts on the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards. Judge Kadhim Abas Habib, vice-president of Federal Court of Cassation, lectured in the workshop. A judge from each appeal court and six judges from […]
