Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
Advertising Feature IBBC Spring Conference 2017 Iraq: Rising Confidence Monday 3 April at Mansion House, London Baroness Nicholson of Winterbourne, IBBC President, the Executive Committee and Council Members, are pleased to invite you to the IBBC Spring Conference to be held on Monday 3 April 2017 at the prestigious Mansion House in London. The conference is […]
By John Lee. Iranian Industry Minister Mohammad Reza Nematzadeh (pictured) and his Iraqi counterpart Mohammad Shiya al-Sudani have reportedly agreed on designing and building "industrial townships" in some Iraqi provinces. According to IRNA, Nematzadeh said that there a total of 750 industrial townships where over 40,000 industrial and producing units are active, adding, “we are […]
On 13 February, Iraq signed the United Nations Convention in Transparency in Treaty-based Investor-State Arbitration ("The Mauritius Convention on Transparency"). During the signing ceremony held at Port Louis, Mauritius on 17 March 2015, eight States (Canada, Finland, France, Germany, Mauritius, Sweden, the United Kingdom and the United States) signed the Mauritius Convention on Transparency. Since […]
Iraq prepares to curb greenhouse gas emissions through development of a roadmap for mitigation action A total of 27 Iraqi experts and officials discussed and agreed on an outline for Iraq’s actions towards mitigating the cause of climate change that will lead to the finalization of the country’s Roadmap for Nationally Appropriate Mitigation Action (NAMA). […]
By Omar al-Jaffal for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Iran has reportedly appointed Brig. Gen. Iraj Masjedi as its new ambassador to Baghdad, replacing Hassan Dana’i Fer, according to Iranian media reports on Jan. 15. Masjedi is a prominent leader of the Islamic Revolutionary […]
By John Lee. Latvian cosmetics producer Dzintars has reportedly completed certification of its products in Iraq. According to a report from Baltic Times, it has also made its first deliveries of product into the country. (Source: Baltic Times)
Basra Multipurpose Terminal (BMT), in the port of Umm Qasr, has recently welcomed Iraq’s largest vessel do date, the 325 meter-long MSC Rita. The arrival was marked by a visit from the Minister of Transport, Kadhim Finjan, who took the helm and successfully piloted the massive ship safely through the channel. The MSC Rita sails […]
By Sara al-Qaher for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Controversial canal again sparks dispute in Iraq Iraq is fighting a tide of dissent as its lawmakers accuse the government of handing over the Khor Abdullah border canal to Kuwait […]
By John Lee. The Iran Mercantile Exchange (IME) has set up a taskforce to "strengthen and deepen" its relationship with Iraq. Among the areas being considered are free economic zones on both sides, simplification of customs regulations, and the use of modern financial instruments like Certificate of Depositary Receipt based on warehousing systems to be […]
By John Lee. US diplomats, citing a senior Iraqi government official, have said that the US travel ban could jeopardise General Electric (GE)'s business in Iraq. According to a memo obtained by Politico: "[The Baghdad government] was preparing to sign two more deals with U.S. company General Electric that could be negatively affected, and that the […]
By John Lee. US President Donald Trump has taken aim at Iranian influence in Iraq. He commented on Twitter: "Iran is rapidly taking over more and more of Iraq even after the U.S. has squandered three trillion dollars there. Obvious long ago!" He also said: "Iran has been formally PUT ON NOTICE for firing a […]
The United Nations Development Programme (UNDP) signed a project document today in Baghdad with the Office of the Prime Minister of Iraq to establish a Funding Facility for Economic Reform (FFER). Through the Facility, UNDP will support the Government of Iraq to address key economic challenges and invigorate the reform agenda. Diversifying the economy, increasing […]
