Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. Iraq and the Kurdistan Regional Government (KRG) will reportedly soon unify customs duties to streamline the system and prevent the double taxation of the Kurdistan Region’s businessmen. According to Rudaw, Erbil and Baghdad have two different customs fees, causing disputes between the two aresa. They previously reached a preliminary agreement on unifying […]
By John Lee. The National Investment Commission (NIC) has announced a new investment opportunity in Iraq: Rehabilitation and Operation of Bentonite Mill, General Company for Mining Industries (Source: National Investment Commission) (Picture: Business opportunity word cloud, from ibreakstock/Shutterstock)
By Sadek Ali. Resounding Victory At the height of its reach, Daesh occupied almost 40% of Iraq’s territory. A tragedy for the communities they enslaved and also for Iraq’s economy: the area occupeid produced 80 thousand barrels of crude oil in 2014. The December 2017 liberation of Iraq was therefore a significant release for both […]
By John Lee. UK Export Finance (UKEF) has published its annual report and accounts for 2017 to 2018, in which it lists three export projects supported in Iraq: Enka UK Construction Ltd received letter of credit guarantees and supplier credit totalling £87,910,650 for the construction of a gas-fired power plant for Iraq's Ministry of Electricity; […]
By Wassim Bassem for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Iraq's favorite lake dries up in sign of worse to come Karbala’s Lake Milh hasn’t seen a lot of visitors in the last few years. Once a popular picnic destination for Karbala […]
By Alexander Southworth, Iraq Britain Business Council (IBBC). IBBC Long Read: The Station – Iraq’s the first combined workspace in Iraq, providing tech and artistic entrepreneurs with a communal space and resources to develop and expand business projects. The Iraq Britain Business Council (IBBC) recently completed a mission to Baghdad, where Christophe Michels, Managing Director and […]
By John Lee. According to a report from Rudaw, the Kurdistan Region sells thousands of tons of plastic and cardboard waste to Turkish companies who recycle it and sell the products back to Kurdistan. Over the past two years, the KRG had issued 42 licenses to export 431,000 tons of waste plastic and cardboard. Read […]
By John Lee. Iraq and Syria are said to be considering the possibility of reopening their border for the first time in several years. Syrian Arab News Agency (SANA) reported that Syria's Deputy Prime Minister Walid al-Moallem sent a letter to his Iraqi counterpart Ibrahim al-Jaafari hoping to increase efforts to reopen the border crossing […]
The National Bank of Iraq (NBI) has become the latest member of the Iraq Britain Business Council (IBBC). In a statement, the IBBC said it is delighted to welcome one of Iraq’s preeminent private sector banking organisations to join its growing financial and professional services sector table. NBI was founded in 1995 as a publicly […]
New pre-arrival clearance protocols and reduced terminal handling charges for containers in transit, mean that Jordan’s deep-water Aqaba Container Terminal (ACT), located on the Red Sea, is now a realistic alternative maritime gateway for Iraq-bound cargo, APM Terminals said in its press release. Containers imported into Iraq will no longer have to be trans-loaded onto […]
UK International Trade Secretary Dr Liam Fox MP has appointed Simon Penney (pictured on right) as Her Majesty’s Trade Commissioner (HMTC) for the Middle East. The announcement was confirmed by Dr Fox on a visit to Bahrain and the United Arab Emirates (UAE), where he met government and industry representatives to boost trade and promote […]
Baroness Nicholson of Winterbourne, President of the Iraq Britain Business Council (IBBC), visited Baghdad on 2-3 June, accompanied by Managing Director Christophe Michels, as well as Rasmi Al Jabri, Deputy Chairman and Iraq Representative to meet with numerous politicians and IBBC member representatives. Jonathan Wilks CMG, Her Majesty’s Ambassador to Iraq joined the IBBC team […]
