Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Economic treaty between Iraq, Jordan stirs Iraqis' discontent Iraqi Prime Minister Adel Abdul Mahdi and his Jordanian counterpart, Omar al-Razza, signed 14 economic agreements Feb. 2 between the two countries, […]
By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Riyadh woos Iraqis with security talks, economic projects Falih al-Fayadh, head of the Popular Mobilization Units and Iraq's national security adviser, visited Saudi Arabia Jan. 31 in a sign of the […]
The Iraq Britain Business Council (IBBC) has announced that it has launched it’s ‘IBBC Women’s Group’, dedicated to empowering and advancing women’s careers and networks across all areas of business in Iraq, the Middle East and Internationally. Under the Chairmanship of Samar Thamer of AMS Iraq and coordinated by IBBC’s Agne Abramauskaite and Ashley Goodall, the […]
IBBC completes Trade Mission to Baghdad with largest ever delegation of UK, International & Iraqi Businesses 9-12 Feb 2019 The Iraq Britain Business Council (IBBC) visited numerous Iraqi government ministers and officials during a highly successful trade mission to Baghdad on 9-12 February 2019. The delegation was the largest ever led to the Republic of […]
By John Lee. The Financial Times has reported that the recently-agreed electricity deals with Siemens and General Electric (GE) are not certain to be approved. It quotes Minister for Electricity Luay Al-Khatteeb (pictured) as saying: “I don’t have financial allocations or the processes available at hand, it doesn’t allow me to cherry-pick the right consultancies […]
By John Lee. Prime Minister Adil Abd Al-Mahdi received Baroness Emma Nicholson, the Chairman of the Iraq Britain Business Council (IBBC), at his office on Sunday to discuss cooperation between Iraqi and British businesses, and proposed investment projects in Iraq. The Prime Minister said that stability in Iraq provides an opportunity to increase reconstruction efforts, […]
IBBC signs Memorandum of Understanding with the German Liaison Office for Commerce & Industry The Iraq Britain Business Council (IBBC) and the German Liaison Office for Industry and Commerce in Iraq (DWI) have signed a Memorandum of Understanding (MoU) to increase cooperation between the organisations to support and grow trade between the UK, Europe and […]
High-ranking officials from Iran and Iraq on Friday signed two memorandums of understanding (MoUs) and a contract to boost cooperation between the two countries in the electricity industry. At the end of his three-day visit to Iran, Iraqi Minister of Electricity Luay al-Khatteeb signed two MoUs and a contract on the electric industry with Iranian […]
By John Lee. UAE-based Rotana Hotels has signed a hotel management agreement with Al Ibaa Company to operate a five-star property in Baghdad. Effective 1 February 2019, Rotana will operate the city’s famed Babylon Hotel under its new brand name Babylon Rotana Baghdad. With a prime location next to the high-security Green Zone, close to […]
Governor of the Central Bank of Iran (CBI) Abdonnaser Hemmati said Iraqi Prime Minister Adil Abdul-Mahdi has voiced “his firm support” for the banking deal reached between the two countries on Tuesday night and called for its rapid implementation. "After a long and four-hour meeting last night with the governor of the Central Bank of […]
Governors of the central banks of Iran and Iraq signed an agreement to develop a payment mechanism aimed at facilitating banking ties between the two neighboring countries. The deal on the payment mechanism was signed in a meeting between Iran’s Abdolnaser Hemmati and Iraq’s Ali Mohsen al-Allaq in Baghdad on Tuesday night. Speaking at the […]
By John Lee. Transparency International has said that Iraq's ranking has risen one place in its global Corruption Perceptions Index (CPI). From a total of 180 countries, Iraq came in at number 168; last year’s position was 169 out of 180 countries. This result puts it on equal ranking with Venezuela, behind countries such as […]
