Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
IBBC is one of fifty-five international chambers of commerce who met with many of their UK counterparts over three days reports Richard Cotton, commercial adviser to IBBC who attended on its behalf. The first session on Oct 15 was an internal Chamber event bringing the UK and the Global Network together. Delegates heard that following […]
International Container Terminal Services Inc. (ICTSI) has formally inaugurated two new berths which for the first time offer the port of Umm Qasr, Iraq’s main dry cargo port, the ability to handle container vessels of up to 14,000TEU. The inauguration ceremony marked both the opening for business of the two new berths, Berths 25 and […]
By John Lee. The Iraqi Government has said it will exempt small- and medium-sized businesses (SMEs) from income tax for ten years. In a statement, it said: "The government announced a draft amendment to Income Tax Law No. 113 of 1982 to exempt several groups on low-income from paying income tax. "The proposed amendment also […]
Baroness Nicholson and IBBC host Deputy speaker to Iraqi parliament and MP’s to discuss business in Iraq. The Iraq Britain Business Council (IBBC) hosted a meeting in the Houses of Parliament with Mr Bashar Tawfeeq the Deputy Speaker, Mr Gates Alrikabi in the State of Law block, Mr Hussein Almaliky a member of the Foreign […]
By John Lee. An Iraqi parliamentary delegation headed by Dr. Bashir Khalil Al-Haddad met in London last week with Baroness Emma Nicholson, President of the Iraq Britain Business Council (IBBC). In discussion with members of the Council, they exchanged views on the expansion of foreign investment in Iraq, as well as further cooperation between Iraqi […]
By John Lee. The Iraqi Government has announced new measures intended to stimulate job creation in the electricity distribution industry. In a statement, it said: "Training courses lasting for 3 months or longer in the area of maintenance of electrical transformers used in the electricity distribution sector in Iraq. The courses will be tailor-made for […]
Iranian Energy Minister Reza Ardakanian (pictured) has said the export of electricity to neighboring countries has reached a record high in the past year. Addressing a Sunday session of Tehran’s City Council, Ardakanian said management of the situation over the past two water years has helped the country break the record in three sectors of […]
By John Lee. Fair competition is needed to economically empower women in the Arab world Female labor force participation levels in Arab countries are the lowest in the world, despite the rising educational attainment of women reaching working age, according to an article from the Middle East Institute. Rabah Arezki, Ferid Belhaj argue that young […]
By John Lee. The decision by the Iraqi authorities to cut the internet in an attempt to thwart demonstraters is reported to have cost the economy nearly a billion dollars. According to AFP, from the second day of unrest, the internet was restricted and the day after authorities ordered it cut entirely; a fortnight later, […]
By John Lee. Iraq Duty Free is reported to be in the process of securing approval to operate the first downtown duty free store in Iraq. The project, to be located in Baghdad, is expected to begin early next year, and open in June 2020. The company is also expanding at Basra International Airport and […]
Top Mountain in partnership with USAID is launching a business incubator and employment program. The goal of the program is to promote economic growth and increase employment opportunities to support minorities from Ninewa targeted by ISIS. Program activities will focus on achieving three core objectives designed to support this goal. Firstly, outreach campaigns will be […]
On Tuesday 1st October the Iraq Britain Business Council (IBBC) was pleased to host a roundtable discussion chaired by IBBC President Baroness Nicholson with His Excellency, Chief Justice Faiq Zidan, who was visiting the United Kingdom as guest of the Foreign and Commonwealth Office. The meeting was attended by several IBBC member representatives including from […]
