Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
On Wednesday the 20th of April the Iraq Britain Business Council (IBBC) hosted a high-ranking delegation of KRG officials for a roundtable discussion at the Cavalry & Guards Club in London. The delegation included Minister Dana Abdulkareem, Minister of Housing and Reconstruction in KRG, Mr. Safeen Dizayee, Head of the Department of Foreign Relations, and […]
Iraq Reform, Recovery and Reconstruction Fund (I3RF): Trust Fund Annual Progress Report to Development Partners 2021 Since its inception in November 2018, the Iraq Reform, Recovery and Reconstruction Fund (I3RF) has worked closely with the Government of Iraq to support its recovery and reconstruction plans as well as inform its reform agenda adopted in October […]
By John Lee. Iraq's Cabinet has approved the recommendation of the Ministry of Finance to re-open its embassy in the Republic of Vietnam. It's decision was made providing it does not lead to an increase in the total number of diplomatic staff. The representation will be resident, as it had been previously. (Source: Govt of […]
Iraq's economy is gradually recovering from the twin shocks of the pandemic and collapse in oil prices in 2020. Both oil and non-oil growth are on track to reach their pre-pandemic levels as oil production increases and the easing of COVID-19 restrictions restores domestic economic activity. Fiscal and external deficits are back to surpluses as […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Will a boycott of Iranian goods help or harm Iraq's economy? Iraq has a robust trading relationship with Iran that was worth $12 billion in 2020. The two countries have plans to increase […]
By John Lee Iraqi Prime Minister Mustafa al-Kadhimi has ordered that a working team from the Ministry of Electricity travel to Iran to solve problems related to the supplying of gas. At a meeting with the Electricity Ministry and senior officials on Sunday, there was discussion about the high electricity demand in summer, and how […]
By John Lee. UK-based business travel management company FCM has signed a partnership agreement with Sulaymaniya-based Moonline Travel & Trade Ltd. According to FCM's Managing Director of Middle East and Africa, Ciarán Kelly, this partnership is critical to FCM's local service delivery and market share growth strategies for the wider region: "Choosing to expand FCM's […]
By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iran's new Iraq ambassador affiliated with Quds Force Iran appointed the country's fourth ambassador to Iraq since the fall of Saddam Hussein's regime, and similar to his predecessors he […]
Positive Hiring Outlook in Iraq: MSelect releases extensive and upbeat Iraq employment outlook report for H1 2022 Iraq's first major employment outlook report has just been published by MSelect, a leading Iraqi staffing agency and member of IBBC. In a wide-ranging survey across multiple sectors, regions and company sizes, there is overwhelmingly bullish news on […]
By John Lee. The Council of Ministers of the Kurdistan Regional Government (KRG) has approved a draft bill concerning company registration. According to a statement from the KRG, the bill aims to streamline and simplify the process of registering new companies, with the aim of reducing bureaucracy and encouraging investment. (Source: KRG)
By John Lee. The Iraqi Cabinet has suspended of the requirement for import licenses for foodstuffs, consumables, and medicines until June 8, 2022. The move is intended to ease supply and reduce the upward pressure on prices. In a statement, the cabinet assured that it would maintain inspection and quality control procedures, health checks, and […]
By John Lee. The Cabinet held its weekly meeting on Tuesday under the chairmanship of Prime Minister Mustafa Al-Kadhimi. Following discussions, the Cabinet authorised the Ministry of Finance to negotiate and initialize a draft agreement for the avoidance of double taxation and the prevention of tax evasion on income and capital, between Iraq and Jordan, […]
