Archive | Iraq Industry & Trade News

Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.

Video: IBBC's fourth Member Introduction Session

From the Iraq Britain Business Council (IBBC): With four participants including Padraig O'Hannelly from Iraq Business News (IBN) who provides an overview of what's been happening in Iraq especially the price of oil and the benefit of simpler visa system: Wajdi AbouIzzeddine, Director of Operations (Iraq) of the DAR Group Amar Raouf, Director of Development […]

IBBC launches New Paper on Corruption in Iraq

Iraq Britain Business Council (IBBC) seminar to launch Professor Frank Gunter's publication on Corruption in Iraq: Corruption Worse Than ISIS: Causes and Cures for Iraqi Corruption In a well-attended online seminar, with leading International and Iraqi businesses, Embassy officials and media, Professor Frank Gunter outlined some of the key points in his paper on Corruption in […]

Foreign Engineers Detained "in Solitary Confinement" in Iraq

By John Lee. An Australian engineer and his Egyptian manager have reportedly been held without charge, and in solitary confinement, in Iraq for the past three weeks. Robert Pether, who lives in Ireland, is said to have been called to Iraq to discuss a dispute between his employer, UAE-based EKO Engineering Arabia, and the company's […]

KAPITA launches New Co-Working Space in Baghdad

KAPITA launches a new co-working space in Baghdad dedicated to supporting Iraqi entrepreneurs KAPITA, in partnership with Iraqi Angel Investor Jafar Musawi (CEO of Atlas Plast), have opened up a new co-working space in Baghdad that aims to support the growing entrepreneurship and small business sector in Iraq. The newly opened space 'CoWork', is a […]

Iraq in Talks to build Nuclear Reactors

By John Lee. Iraq is reportedly in talks with Russia, France and the United States regarding the construction of three civil nuclear reactors. According to The New Arab, the Head of the Iraqi Radioactive Sources Regulatory Authority (IRSRA) said that several preliminary meetings had been held to study the feasibility of setting up the reactors. […]

Can New Tech Save Iraq's Old Economy?

By Bilal Wahab and Michael Rubin, for The National Interest. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Can New Tech Save Iraq's Old Economy? As the United States recalibrates its relationship with Iraq, the advent of Iraq's cyber economy also provides an opportunity […]

NIC launches Online Portal for Investors

By John Lee. The Chairwoman of the National Investment Commission (NIC), Suha Dawood Najar (pictured), has launched the NIC's new online portal for receiving investment applications. The new service went live on the NIC's website -- www.investpromo.gov.iq -- on Wednesday. It will allow investors to create their own accounts, make applications and submit all required […]

Iraqi PM orders Cancellation of Overdue Projects

By John Lee. Prime Minister Mustafa Al-Kadhimi visited the head office of the National Investment Commission (NIC) on Wednesday and was briefed on the progress and obstacles facing investment in Iraq. According to a statement following the visit, the PM directed the cancellation of all licenses for investment projects whose completion rate is between 0 […]

UK Removes Iraq from List of "High-Risk Third Countries"

By John Lee. The United Kingdom has removed Iraq from the list of high-risk third countries for the purposes of money laundering legislation. The new listing -- "Schedule 3ZA" -- does not include Iraq.  This schedule replaces the list in Commission Delegated Regulation (EU) 2016/1675 of 14th July 2016 by identifying high-risk third countries with […]

IBBC Webinar: Causes and Cures for Iraqi Corruption

Corruption Worse Than ISIS: Causes and Cures for Iraqi Corruption The Iraq Britain Business Council (IBBC) is delighted to invite you to the public launch of Professor Frank Gunter's new paper on corruption in Iraq on Monday 26th of April from 1pm - 2pm BST. Following the presentation of the paper there will be comments from […]