Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. Gas exports from Iran to Iraq have reportedly been interrupted as authorities in Iran repair pipeline damage caused during a recent earthquake. The gas is used for electricity generation, with the cut reducing available power by 2,500 megawatts (MW). Supplies are expected to be restored over the coming days. (Sources: Iraq Oil […]
By John Lee. Iraq has fallen one place in this year’s Legatum Institute Prosperity Index, ranking in 143rd place out of the 149 countries measured. The index ranks countries according to its nine pillars of prosperity: Economic Quality, Business Environment, Governance, Personal Freedom, Social Capital, Safety and Security, Education, Health and Natural Environment. Despite Iraq’s […]
IBBC welcomed 260+ delegates to Dubai to discuss ‘Iraq – Reconstruction & Rebuilding, how to deliver Vision’ with expert Industry, Government and International Organisations on 25th November Iraq Britain Business Council held its annual Autumn Conference in Dubai yesterday on the 25th November at the Address Dubai Marina in Dubai. The event hosted many speakers […]
By John Lee. General Electric (GE), Standard Chartered Bank and the state-run Trade Bank of Iraq (TBI) are reported to have jointly closed a $600-million financing agreement to fund the ambitious electricity project 'Power Up Plan' in Iraq. According to Trade Arabia, the project will be implemented in two phases, providing more than 2 gigawatts […]
By John Lee. Iraqi President Barham Salih has told an international conference in Rome that Iraq will remove any impediments to Iraqi and foreign private sector companies, as well as international financial institutions, donor countries and sovereign wealth funds, to invest in major infrastructure projects in the country. He added that these projects may include […]
By John Lee. The Iraqi government has said it is introducing changes to simplify visa and residency procedures for visitors, international investors and entrepreneurs from a number countries. It added that citizens of Lebanon will be able to obtain entry visas on arrival at Iraqi airports as part of a reciprocal agreement between the two […]
Iraq has emerged as Iran's top export destination in the current Iranian year, an official announced. The director of the export bureau of Iran’s Customs Office, Ali Akbar Shadmani, said the value of the country’s exports since the beginning of the current Iranian year (March 21, 2018) has surpassed $30 billion, with Iraq being the […]
Iranian ambassador to Baghdad said Iran and Iraq are weighing plans to eliminate US dollar in trade transactions and also lift visa requirements for citizens of the two countries. Speaking at a TV program on Saturday night, Iraj Masjedi said Tehran and Baghdad are considering plans to use Iraqi dinar for trade transactions or develop […]
The United Nations Assistance Mission for Iraq (UNAMI) warmly welcomes the repatriation of a consignment of located Kuwaiti property to the Kuwaiti authorities in a handover that took place in Kuwait City today and was observed by the United Nations. “This is an encouraging positive step taken by the Iraqi authorities in compliance with UN […]
By John Lee. Companies are reportedly relocating from the Kurdistan Region to rest of Iraq in an effort to avoid taxes and customs duties which the Iraqi government charges on goods exported to southern Iraq. According to Kurdish media network Rudaw, the Baghdad government considers goods produced in Iraqi Kurdistan to be foreign, and subject […]
IBBC Tech Conference Sunday 25 November The Address, Dubai Marina The Iraq Britain Business Council (IBBC) is bringing together the leading companies involved in Tech in Iraq to discuss the various strands of Tech and the evident possibilities for investment and engagement. Interest in Tech in Iraq is rising rapidly, with a growing number of […]
His Excellency Prime Minister Adil Abdul-Mahdi has received Sheikh Mohammed Bin Abdulrahman bin Jassem al-Thani Deputy Prime Minister and Minister of Foreign Affairs of the State of Qatar and his accompanying delegation. The delegation included a group of ministers and advisers. During the meeting, they have discussed boosting bilateral cooperation in various sectors, especially in […]
