Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
According to a report from Rudaw, thousands of poor quality, overturned or water-damaged American cars have been imported to the Kurdistan Region over the past two years, due to the facilitations made by the KRG to car traders in a bid to increase revenues at customs points. Statistics produced by the ministry of trade and […]
By John Lee. Iraq's Ministry of Trade has recently granted a license to enable the establishment of 216 national companies, and 10 international company branches. According to an announcement from the Government of Iraq, the development is part of a strategy to support the private sector and create job opportunities. (Source: Government of Iraq)
By John Lee. Finland is preparing to reopen its embassy in Baghdad. Finland has not had Finnish diplomatic personnel in Baghdad since 1991. Since 2006, Finland’s official representative for Iraq has been a Roving Ambassador based in Helsinki. At present, 14 EU member states are permanently represented in Baghdad at an ambassadorial level. According to […]
UNDP support to the Commission of Integrity to fight corruption A technical study visit is currently being organized in Korea by the United Nations Development Programme (UNDP) with support from UNDP Seoul Policy Centre (USPC) for a high-ranking delegation from the Iraqi Integrity commission, to benefit from the Korea’s innovative, well tested-and-proven policy tools to […]
The Deputy Chairman of the Iraq Britain Business Council (IBBC), Rasmi Al Jabri, and Managing Director, Christophe Michels, hosted a dinner for members and guests at the Babylon Warwick Hotel in Baghdad on 29th August. Many representatives from member companies were in attendance, including the Chairman of Khudairi Group and the International Islamic Bank, the […]
Applications are now open for the Five One Labs Incubator in Sulaimani. The Startup Incubator is a three-month, full-time program for entrepreneurs looking to work intensively to launch their businesses. The program will run from mid-September through mid-December and will end with a Demo Day in December. More information here. (Source: Five One Labs)
Rotana Hotels has announced the appointment of Ramy Haykal (pictured) as Cluster General Manager of Erbil Rotana & Erbil Arjaan by Rotana. Ramy began his career with InterContinental Hotels Group in 1996 as the finance director for Middle East and Africa. As the new General Manager of Erbil Rotana and Erbil Arjaan by Rotana, Ramy […]
The Cabinet held its weekly regular meeting in Baghdad on Tuesday under the chairmanship of Prime Minister Haider Al-Abadi. At the meeting, it was decided to: direct the Ministry of Water Resources to deliver water for Basra province to a rate of 75 m3 / s and remove unauthorised structures on the rivers; direct the […]
By John Lee. The National Investment Commission (NIC) has announced new investment opportunities in Iraq: Textile and leather plants, State Company for Textile and Leather Industries Sulfur production, Mishraq Sulfur State Company Production of ethylene and high-densite polyethylene (HDPE), State Company for Petrochemical Industries Dextrin and starch production, State Company for Food Products Al-Qadisiya Brick […]
By John Lee. German-based Caparol Paints has reportedly signed strategic partnership agreements with a number of contractors from Iraq to increase its market reach in the country. According to a press release, the company hosted contractors from various parts of Iraq to provide them with firsthand experience of Caparol's paints and techniques. This is part […]
Sulayminyah has, since its founding 200 years ago, been dedicated to the arts and now the Kurdistan Regional Government has dedicated six million dollars to create a cultural arts centre in the city. Click here to view the video from Al Jazeera.
UNDP is helping to launch the Private Sector Development Strategy in Karbala The Governorate of Karbala in cooperation with the United Nations Development Programme (UNDP) and support of the Food and Agriculture Organization (FAO) organized a conference to roll out the Holly Karbala Private Sector Development Strategy (2018-2030) in Karbala province. The Holly Karbala Private […]
