Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
The interior ministers of Iran and Iraq signed an agreement to implement plans to facilitate the Arbaeen pilgrimage to Iraq, including one on reopening the Khosravi border crossing. Iranian Interior Minister Abdolreza Rahmani Fazli and his Iraqi counterpart Yassin Al Yasiri met in Tehran on Saturday and signed a memorandum of understanding to facilitate the […]
By John Lee. The economic agreements signed between Kuwait and Iraq have recently raised concerns among Iraqi experts, who warned against “political courtesy” at the expense of the country’s interests in relation to the proposed free trade zone on the border between the Iraqi city of Basra and Kuwait. A member of the Council of […]
By John Lee. A Scottish sweet manufacturer is reportedly seeing sales of its fudge and toffee surge in Iraqi Kurdistan. According to a BBC report, Golden Casket linked up with Sulaymaniyah-based businessman Farhad Haseb to sell the confectionery to upmarket stores in Erbil and Dohuk, as well as other towns and cities in the region. […]
By John Lee. The Mandali border crossing between Iraq with Iran has reported been closed following an order from Iraqi Prime Minister Adil Abdul Mahdi’s office. Reports say the move was in response to allegations of corruption and mismanagement. (Source: hathalyoum)
The ISIL conflict displaced 6 million people in Iraq, disrupted the national economy and limited employment opportunities for citizens. Sixty per cent of jobs in Iraq are in the private sector, within Small and Medium Enterprises (SMEs); very large numbers of those businesses experienced loss as a result of the conflict and need support to […]
The Cabinet held its regular weekly meeting in Baghdad on Tuesday under the chairmanship of Prime Minister Mr. Adil Abd Al-Mahdi. It approved: the recommendation of the Ministerial Energy Council on the service contract for Al-Mansuriyah oil field in Diyala province; a draft law on public-private partnership to strengthen cooperation between government agencies and the […]
Seedstars World, the largest seed-stage startup competition for emerging markets and fast-growing startup scenes, hosted its Iraq round this Friday, at The Station, where 8 selected startups were invited to present their companies in front of the local jury panel. The local winners were chosen for their innovative sustainable solutions on their different fields. The […]
By John Lee. On Wednesday 24 July, Khaled T. Kanaan, Chairman of the Jordan Iraqi Economic Association (JIEA), met with HE Mr. Ali Mohsen Al-Alaq, Governor of the Central Bank of Iraq (CBI). The meeting was a follow-up to the "Digital Transformation in Financial Sector Forum" held in Baghdad on 10 July, which was jointly […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. It has been five years since the Islamic State of Iraq and the Levant (ISIL or ISIS) was defeated in the Kurdish region of northern Iraq. The area has been stable since then, […]
By John Lee. Iran and Iraq have reportedly signed an agreement on developing commercial cooperation aiming to facilitate and remove trade barriers between two countries. Iran's commercial attaché to Iraq, Naser Behzad, told IRNA that the agreement was signed during the visit by the head of the Trade Promotion Organization of Iran (TPOI) and the […]
This past week, IBBC’s , Christophe Michels, Managing Director of the Iraq Britain Business Council (IBBC), and IBBC’s Deputy Chairman, Eng. Rasmi Al Jabri, visited Iraq with Brigadier James Ellery CBE, Chairman of Turnkey LLC. The main focus of the visit was construction and redevelopment in Ramadi, Anbar Province, which has undergone a remarkable period […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq and Iran are neighbours: Around $25m worth of Iranian goods enter Iraq every day. But a US deadline that allows Iraq to trade with Iran is set to expire in three months, […]
