Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
Iran connected its national grid to Iraq on Friday in a bid to help the Arab country reduce its power outages. The power grids of Iran and Iraq were synchronized in a ceremony held on Friday with Iranian Energy Minister Reza Ardakanian and the Iraqi deputy minister of electricity. Earlier this year, the two countries […]
The secretary-general of the Iran-Iraq Joint Chamber of Commerce expressed confidence that recent unrest in the Arab country would not negatively affect the trade relations between the two neighbors. “Naturally, given the shortage of facilities in Iraq and the discontent that exists among its people, we occasionally see such unrest in the country,” Seyed Hamid […]
By Daniel J. Samet, for The Diplomat. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. China, Not Iran, Is the Power to Watch in Iraq Iran is all over Iraq, U.S. Middle East watchers warn. At his nomination for U.S. ambassador to Iraq this […]
By John Lee. Baghdad International Fair, which was due to start on Friday, has reportedly been postponed for 10 days. It is now scheduled to run from 11th to 20th November. The postponement comes as protests continue to cause disruption in Baghdad and throughout the country. (Sources: various) (Picture credit: Mohammad Ali Huzam)
On October 28, 2019 the Deputy Minister of Foreign Affairs of the Republic of Belarus, Andrei Dapkiunas, met with the Ambassador Extraordinary and Plenipotentiary of the Republic of Iraq to the Russian Federation and the Republic of Belarus non-resident, Haydar Mansour Hadi. The meeting was held on the occasion of the Ambassador's completion of his […]
By John Lee. A US-based company has won a contract with the United Nations Office for Project Services (UNOPS) for the "Development of Internally Displaced Persons Information Centre (IIC) Referral and Information Management System". The contract valued at $66,000, was awarded to IT Tech Hub LLC. (Source: UNGM)
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 […]
