Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
FDC, one of the largest Value Added Distributors (VADs) of IT products in the Middle East, has officially opened its first service center in Iraq. The launch of such a service center in Iraq has been much anticipated. Customers can now invest in their IT components and laptops with the peace of mind that the […]
A new agreement will see Iraq and Syria work together to complete the Al-Qa'im railway line and increase trade between the two countries, reports AKnews. The Iraqi Railways Company signed an agreement this week with Syrian Railways to construct the remainder of the railway line to reach the Iraqi border in the Al-Qa'im area, which […]
Dow Jones reports that Shell Lubricants, a subsidiary of Royal Dutch Shell PLC, has signed a contract with a local Iraqi company to distribute Shell lubricants in the Iraqi market. The deal with Mared Iraq, a subsidiary of Malia Group, was signed in Erbil on Monday. Neither side gave an indication of the value of […]
Russian President Dmitry Medvedev (pictured) announced on Thursday that Russia would continue helping Iraq to become a democratic, independent country and to preserve its territorial integrity, something that meets the Iraqi people’s interests and is in line with regional stability and security. In a letter delivered to Iraqi Prime Minister, he also signaled Russia's readiness […]
CNN has produced a new video report on the development of Kufan Group's Basra Logistics City, which occupies the site of the former Camp Bucca [Boca] near Umm Qasr. (Source: CNN)
Business software provider SAP has recruited a new senior executive to drive business development across Iraq, according to Trade Arabia. Mohammed Al Najjar, IT consultant and entrepreneur, will spearhead the new venture. “Iraq is of considerable strategic importance to SAP, and we are honoured to be at the forefront helping the country embrace IT innovation […]
Iraq has invited Indian companies to take part in its reconstruction programme either independently or through joint ventures with local partners, reports the Hindu Business Line. Iraqi Deputy Prime Minister, Dr Rowsch Shaways (pictured), told the Indian Minister of Commerce, Industry and Textiles, Anand Sharma, that India is committed to deepen its relations with Iraq: […]
Jordan's Prime Minister, Awn Khasawneh (pictured), has called for practical steps to extend an oil pipeline between Iraq and Jordan and to connect the two countries by rail, according to the Jordanian news agency Petra. During a meeting with Iraq’s planning minister Ali al Shukri, Khasawneh stressed the need to facilitate the movement of people […]
DHL, the world's logistics company, hosted a special 'Partners in Trade' event on the importance of the Iraq and Afghanistan trade lane to customers in the UAE, as part of its continued efforts to facilitate and capitalize on regional trade lane relationships and partnerships. The event, which took place at Dubai's iconic Emirates Towers Hotel, […]
The Australian ambassador to Baghdad, Lyndall Sachs (pictured), said her country supports the lifting of United Nation's Chapter VII sanctions on Iraq, a decision on which is expected to be made by the UN Security Council in June. Sachs said: "My country has good relations with Iraq, in particular [because] it received the largest Iraqi communities […]
Sami al Araji, chairman of Iraq's National Investment Commission (NIC), has told a business audience in New Delhi that his country needs $500-$700 billion in investment to rebuild its infrastructure. Araji compared the opportunities in Iraq to "Germany after the Second World War", adding, "our message to the world is that we are open for […]
The first official and business delegation from Lithuania has visited the Kurdistan Region to meet with local officials and explore potential areas of cooperation. The large group was headed by the Lithuanian Vice-Minister of Economy, Mr Daumantas Lapinskas, and included the Vice-Minister of Agriculture, Mr Mindaugas Kuklierius, and the Deputy Director of External Economic Relations […]
