Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. Iraq has been ranked 171st out of 190 countries in the World Bank‘s recent Doing Business 2019 report, down from 168th place the previous year. Top of the list were New Zealand, Singapore and Denmark, with last place going to Somalia, just behind Eritrea and Venezuela. Iran ranked 128th, with Libya 186th. Doing […]
By John Lee. Prime Minister Adel Abdul Mahdi (pictured) has called for an investigation into the appointment of a deputy director general to the Iraqi Civil Aviation Authority (ICAA), citing allegation that the appointment was made under threat. In a statement the Prime Minister said. "His Excellency Prime Minister Adil Abd Al-Mahdi ordered to conduct […]
By Salam Zidane for Al Monitor. Any views expressed here are those of the author, and do not necessarily reflect the views of Iraq Business News. Iran pushes Iraq to maintain trade without US dollar Iran is exerting considerable pressure on the Iraqi government to compel it not to abide by the US sanctions that have […]
By John Lee. Iraq's Minister of Foreign Affairs, Mohamed Ali Alhakim [Mohammed Ali al-Hakim] (pictured) has been quoted as saying that Iraq is not obliged to abide by US sanctions against Iran. According to Rudaw, he told journalists on Wednesday: "These sanctions, the siege, or what is called the embargo, these are unilateral, not international. We […]
By John Lee. Prime Minister Adil Abd Al-Mahdi and Jordan's Prime Minister Dr. Omar Razzaz have agreed a series of measures to increase cooperation between the two countries. Following a meeting at the weekend, they announced that, among other steps, they will finalize the framework agreement for the Iraqi-Jordanian pipeline which will run from Basra […]
By John Lee. Iraq has been ranked in 130th place in the Forbes Best Countries for Business index, out of the 161 countries measured. The index gauges the Best Countries for Business by rating nations on 15 different factors, including property rights, innovation, taxes, technology, corruption, freedom (personal, trade and monetary), red tape and investor […]
The secretary general of Iran-Iraq joint chamber of commerce highlighted an upward trend in the export of Iranian products to Iraq. In a meeting with Iranian and Iraqi trade delegations, Hamid Hosseini pointed to a growing trend in Iran’s exports to the Arab country, saying its daily value stands at $45 million and sometimes reaches […]
The central banks of Iran and Iraq are finalizing negotiations to begin trade in their own currencies, chairman of Iran-Iraq Chamber of Commerce said. Speaking to Tasnim, Yahya Ale-Eshaq said negotiations between the central banks of Iran and Iraq are under way to reach an agreement on using rial and dinar in bilateral trade. Once […]
By John Lee. Two companies have won tenders to supply "Hook & Line equipment and Metal Detectors" to the United Nations Office for Project Services (UNOPS) in Iraq. The contract with South Africa-based LVP Technology is valued at $608,292, while the contract with Monaco-based MKG sarl is valued at $144,845. (Source: UNGM)
By John Lee. A report from UK-based newspaper The Guardian says that British Government-backed projects to tackle the aftermath of the war in Iraq have been hindered by the UK’s continuing “hostile” immigration policy. It cites the example of a civil service training scheme involving a £330,000 contract between the General Company for the Ports […]
By John Lee. More than 100 top executives from more than 50 US companies visitied Iraq last week as part of a US-Iraq trade mission. Steve Lutes, vice president of Middle East Affairs at the U.S. Chamber of Commerce, said: "We want to expand and diversify the US involvement in commercial activity [in Iraq] ... […]
UNDP is committed to support the economic and regulatory reforms in Iraq The United Nations Development Programme (UNDP) jointly with the Iraqi Ministry of Planning (MoP) organized a consultation session for Director Generals from the Ministry of Higher Education and the Ministry of Planning MoP, to discuss and develop a road map to institutionalize the […]
