Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. US Energy Secretary Rick Perry spent the last two days trying to convince the Iraqi government that it's in its best interest to cut energy ties with Iran. But according to a report from Washington Examiner, his efforts have had limited success. Perry tweeted: "In bilateral meetings with Iraqi President @BarhamSalih, Prime Minister […]
On Wednesday 12th December, the Iraq Britain Business Council (IBBC) was pleased to host a first meeting between the British Chambers of Commerce and Chamber of Commerce & Industry representatives from the Kurdish Region of Iraq. Erbil Chamber of Commerce is a founding member of IBBC and the IBBC is now the affiliate Chamber for […]
By John Lee. Iraqi trade minister Mohammed Hashim has reportedly signed a deal on Thursday to import wheat and rice from the United States. According to Reuters, the agreement covers the first half of 2019. Meanwhile, Kurdistan 24 reports that a Russian delegation visited Baghdad this week to discuss exporting wheat to Iraq. (Sources: Reuters, […]
By John Lee. GDP growth in Iraq is expected to hit 4.1 percent in 2019, up from 2.8 percent this year, acccording to data from Moody's. The gain is based on an expectation of oil prices averaging $75 per barrel, and would be the highest level since 2016’s 13.1 percent expansion. The National quotes the […]
By John Lee. Abu Dhabi-based Emirates Steel is reportedly considering expansion into Iraq. Chief Executive Saeed Al Remeithi told The National: "We’re always looking at new markets, one of which we are targeting now is Iraq ... "Iraq is a big growth market for us, and from the logistics point of view it is very […]
By Elena Kornienko. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. A few months ago I was approached by one of my LinkedIn connections, an expat based in Iraq, with an exciting training opportunity for one of the largest oil companies in the region. […]
KRG Prime Minister Nechirvan Barzani received Lebanese Minister of Foreign Affairs Gebran Bassil, Minister of State for Combating Corruption Nicolas Tueni, and their accompanying delegation. In the meeting, also attended by Kurdistan Regional Government ministers and senior officials, they discussed the political situation in Iraq including the post-election process, and the formation of the new […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq's ancient pottery culture in the holy city of Najaf is dying out with the increasing demand for more modern products. Iraqis, who traditionally used clay utensils for storing food and cooking are turning […]
By John Lee. The Iraqi government has reportedly removed the Fayida customs post between Mosul and Duhok province on Tuesday, following a parliamentary vote that deemed the customs points illegal and ordered their removal. According to Rudaw, the checkpoint, along with two others established by former Iraqi PM Haider al-Abadi between Sulaimani and Kirkuk and […]
Iraq’s new Foreign Minister Mohamed Ali Alhakim highlighted the importance of bilateral relations with Iran and said the Arab country cannot cut off its trade ties with the Islamic Republic due to the US sanctions. Alhakim pointed to Washington’s economic sanctions against Tehran and said, the value of annual trade between Iran and Iraq amount […]
Prime Minister Nechirvan Barzani received the UK Prime Minister’s Trade Envoy to Iraq Baroness Emma Harriet Nicholson, UK Ambassador to Iraq Jon Wilks, and UK Consul-General to the Kurdistan Region Martyn Warr. Baroness Nicholson welcomed the progress made in the dialogue between the Kurdistan Region and Baghdad to settle outstanding issues. She also expressed her […]
By Ruslan Mamedov for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Putin eyes visit to Baghdad amid growing Russian-Iraqi contacts Lately, official Russian-Iraqi contacts have been intensifying noticeably. On Nov. 23, Russian Foreign Minister Sergey Lavrov and Iraqi President Barham Salih met behind […]
