Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. Iraq has fallen one place in this year’s Legatum Institute Prosperity Index, ranking in 142nd 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 […]
By John Lee. A Saudi-based bottling company is reported to be planning to open a new factory in Iraq next year. According to The National, Aujan Coca-Cola Beverages Company (ACCBC), a subsidiary of Aujan Group Holding, will invest up to 250 million Saudi riyals ($67 million) over the next two years, creating for more than […]
By John Lee. The escalating tensions between Baghdad and Erbil have triggered an unprecedented upsurge in applications from wealthy Iraqi nationals for second citizenship programs. Data collected by Savory & Partners, one of the largest companies in the Middle East that provides citizenship-by-investment programs, shows that compared to the same quarter last year, interest has […]
The Iraqi Ministry of Electricity (MoE) has signed an agreement worth over $400 million with GE Power (NYSE: GE) to develop 14 electric substations on a turnkey basis and supply critical equipment such as transformers, circuit breakers and other outdoor equipment to rehabilitate existing substations and bring much-needed power to areas facing significant electricity shortages […]
By John Lee. The Iraq Britain Business Council (IBBC) has welcomed three new members, bringing its membership to 59 companies. Menzies Aviation: An independent, time-critical logistics specialist serving the airline industry to the highest standards. At more than 200 airport locations across 6 continents, Menzies offer landside and airside services tailored to customers’ needs; timed […]
At an informal meeting of the Working Party on the Accession of Iraq held on 17 November 2017, WTO members welcomed Iraq’s stated determination to resume its WTO accession process after nine years of dormancy. The meeting further provided the opportunity for the government of Iraq and members to exchange views on next steps for […]
The UK's Serious Fraud Office (SFO) has charged two individuals in relation to the Unaoil investigation. Ziad Akle (42) and Basil Al Jarah (68) have both been charged by requisition with conspiracy to make corrupt payments to secure the award of contracts in Iraq to Unaoil’s client SBM Offshore. Akle, who resides in London, was Unaoil’s […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The Islamic State group's occupation of northern Iraq and the battle to defeat it has caused more than $100 billion worth of damage, Prime Minister Haider al-Abadi said on Saturday:
Iraq Britain Business Council holds successful Autumn Conference in Dubai Following on from the first Iraq Britain Business Council conference in Dubai in 2016, the IBBC was delighted to host its Autumn Conference in the UAE once again. The event was strongly supported by the UAE authorities. Alongside Baroness Nicholson, the UK Prime Minister’s Trade […]
By Mahmut Bozarslan for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Tensions were already high last week between Iraq's central government in Baghdad and the Kurdistan Regional Government (KRG) in Erbil. The stress spiked Oct. 31 near the Iraq-Turkey border when sirens began wailing and […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The economy in the Kurdish region of Iraq has taken a hit after the referendum on secession. The central government in Baghdad has closed international airspace, tourists are staying away, and there’s been […]
On Global Open Day on UNSCR 1325, calls for men to champion and support women’s participation in politics and in decision-making The United Nations Assistance Mission for Iraq (UNAMI), jointly with UNWOMEN and in coordination with the Implementation and Follow Up National Reconciliation Committee (IFNRC) of the Office of Iraq’s Prime Minister, held a consultative […]
